Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 3

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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 274 238 Cash flow hedges adjustments5 291 169 196 Defined benefit plans liability adjustments(2)(1)(5)(4)Other(1)4 3 2 Total other comprehensive income (loss)62 524 441 432 Total comprehensive income$854 $1,245 $2,533 $2,339 

See accompanying notes to financial statements.

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M&T Bank Corporation and Subsidiaries

Consolidated Statement of Cash Flows (Unaudited)

Nine Months Ended September 30,(Dollars in millions)20252024Cash flows from operating activitiesNet income$2,092 $1,907 Adjustments to reconcile net income to net cash provided by operating activities:Provision for credit losses380 470 Depreciation and amortization of premises and equipment243 235 Amortization of capitalized servicing rights101 104 Amortization of core deposit and other intangible assets32 40 Provision for deferred income taxes(38)(13)Asset write-downs16 7 Net gain on sales of assets(79)(3)Net change in accrued interest receivable, payable(86)(149)Net change in other accrued income and expense138 166 Net change in loans originated for sale(3)(544)Net change in trading account and other non-hedging derivative assets and liabilities(316)(286)Net cash from operating activities2,480 1,934 Cash flows from investing activitiesProceeds from sales:Investment securities available for sale— 58 Equity and other securities380 436 Loans814 569 Proceeds from maturities:Investment securities available for sale3,644 5,255 Investment securities held to maturity1,480 844 Purchases:Investment securities available for sale(7,561)(11,156)Equity and other securities(363)(398)Loans(683)— Net change in loans(2,017)(2,309)Net change in interest-bearing deposits at banks2,122 3,652 Capital expenditures, net(87)(131)Net change in loan servicing advances(911)186 Other, net198 151 Net cash from investing activities(2,984)(2,843)Cash flows from financing activitiesNet change in deposits2,330 1,277 Net change in short-term borrowings999 (2,711