Company: MTB-PJ
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000036270-25-000011
Chunk: 60

Company: M&T BANK CORP
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 60
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.51 193,406 5,559 5.78 Goodwill8,465 8,465 Core deposit and other intangible assets90 133 Other assets10,912 9,725 Total assets$209,296 $211,729 Liabilities and shareholders’ equityInterest-bearing liabilities:Interest-bearing deposits:Savings and interest-checking deposits$102,770 $1,131 2.22 %$95,411 $1,233 2.60 %Time deposits14,255 247 3.50 20,192 442 4.41 Total interest-bearing deposits117,025 1,378 2.38 115,603 1,675 2.91 Short-term borrowings3,100 69 4.51 5,595 153 5.51 Long-term borrowings11,109 314 5.69 10,631 308 5.82 Total interest-bearing liabilities131,234 1,761 2.71 131,829 2,136 3.26 Noninterest-bearing deposits45,294 48,175 Other liabilities3,937 4,343 Total liabilities180,465 184,347 Shareholders’ equity28,831 27,382 Total liabilities and shareholders’ equity$209,296 $211,729 Net interest spread2.80 2.52 Contribution of interest-free funds.84 1.04 Net interest income/margin on earning assets$3,429 3.64 %$3,423 3.56 %Memo:Total deposits$162,319 $1,378 1.71 %$163,778 $1,675 2.06 %Total brokered deposits10,628 212 4.02 12,621 308 4.90 __________________________________________________________________________________

(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 six-month period ended June 30, 2025 reflects $18 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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Lending activities

The Company's lending activities reflect a portfolio composition shift as