Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 220

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 2
Chunk 220
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 assets and interest-bearing liabilities. Under the terms of those interest rate swap agreements, the Company generally received payments based on the outstanding notional amount at fixed rates and made payments at variable rates. Periodic settlement amounts arising from these agreements are reflected in either the yields on earning assets or the rates paid on interest-bearing liabilities. The Company enters into forward-starting interest rate swap agreements predominantly to hedge interest rate exposures expected in future periods. The following table summarizes information about interest rate swap agreements entered into for interest rate risk management purposes at March 31, 2025 and December 31, 2024.

INTEREST RATE SWAP AGREEMENTS - DESIGNATED AS HEDGES

Notional AmountWeighted-AverageMaturity(In years)Weighted-Average Rate (Dollars in millions)Fixed Variable March 31, 2025Fair value hedges:Fixed rate long-term borrowings — active$2,850 5.4 3.25 %4.52 %Fixed rate long-term borrowings — forward-starting2,500 5.9 3.89 4.32 Total fair value hedges5,350 5.6 Cash flow hedges:Variable rate commercial real estate and commercial and industrial loans:Active18,969 0.9 3.47 4.33 Forward-starting8,500 3.0 3.70 4.32 Total cash flow hedges27,469 1.5 Total$32,819 2.2 December 31, 2024Fair value hedges:Fixed rate long-term borrowings — active$2,000 5.4 3.11 %5.07 %Fixed rate long-term borrowings — forward-starting3,350 6.2 3.81 4.49 Fixed rate available for sale securities — active15 0.1 4.84 4.36 Total fair value hedges5,365 5.8 Cash flow hedges:Variable rate commercial real estate and commercial and industrial loans:Active20,819 0.9 3.26 4.47 Forward-starting10,000 3.0 3.72 4.49 Total cash flow hedges30,819 1.6 Total$36,184 2.2 

Information regarding the fair value of interest rate swap agreements designated as fair value hedges and cash flow h