Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 61

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 1
Chunk 61
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 %Memo: Total deposits$162,706 $708 1.72 %$163,406 $702 1.72 %__________________________________________________________________________________

(a)Includes nonaccrual loans.

(b)Includes available-for-sale securities at amortized cost.

(c)Primarily government issued or guaranteed.

(d)The yield on state and political subdivision investment securities for the three-month period ended June 30, 2025 reflects $20 million of lower taxable-equivalent interest income resulting from an alignment of amortization periods for certain municipal bonds obtained from the acquisition of People's United.

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AVERAGE BALANCE SHEETS AND ANNUALIZED TAXABLE-EQUIVALENT RATES (CONTINUED)

Nine Months EndedSeptember 30, 2025September 30, 2024(Dollars in millions)AverageBalanceInterestAverageRateAverageBalanceInterestAverageRateAssetsEarning assets:Loans (a):Commercial and industrial$61,271 $2,936 6.41 %$58,256 $3,059 7.01 %Real estate - commercial25,308 1,204 6.27 31,069 1,498 6.34 Real estate - residential23,744 804 4.51 23,045 749 4.33 Consumer25,275 1,244 6.58 22,009 1,092 6.63 Total loans135,598 6,188 6.10 134,379 6,398 6.36 Interest-bearing deposits at banks19,037 635 4.46 28,467 1,167 5.48 Trading account96 3 3.45 102 3 3.43 Investment securities (b):U.S. Treasury8,210 243 3.96 9,049 217 3.21 Mortgage-backed securities (c)23,933 734 4.09 16,909 444 3.50 State and political subdivisions (d)2,259 38 2.22 2,448 70 3.80 Other1,064 41 5.18 1,367 58 5.74 Total investment securities35,466 1,056 3.98 29,773 789 3.54 Total earning assets190,197