Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 111

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 1
Chunk 111
---
 for the Institutional Services and Wealth Management segment decreased $18 million for the nine months ended September 30, 2025 as compared with the similar 2024 period. 

•Net interest income decreased $65 million reflecting a 92 basis-point narrowing of the net interest margin on deposits, partially offset by higher average balances of those deposits.

- 78 -

•Noninterest income increased $76 million reflecting higher trust income of $40 million resulting from increased sales and fund management fees from the segment's global capital markets business and higher fee income from its Wealth Management business, reflecting comparatively favorable market performance associated with managed assets. Also contributing to that increase was the distribution of an earnout payment related to the Company's sale of its CIT business in 2023 and the gain on the sale of a subsidiary that specialized in institutional services each in the first nine months of 2025.

•Noninterest expense rose $39 million reflecting a rise in personnel-related expenses and centrally-allocated costs associated with data processing, risk management and other support services provided to the Institutional Services and Wealth Management segment.

All Other

The "All Other" category reflects other activities of the Company that are not directly attributable to the reportable segments. Reflected in this category are the difference between the provision for credit losses and the calculated provision allocated to the reportable segments; goodwill and core deposit and other intangible assets resulting from the acquisitions of financial institutions; merger-related gains and expenses related to acquisitions; the net impact of the Company’s internal funds transfer pricing methodology; eliminations of transactions between reportable segments; certain non-recurring transactions; and the residual effects of unallocated support systems and general and administrative expenses. The Company’s investment securities portfolio, brokered deposits and short-term and long-term borrowings are generally included in the "All Other" category. In its management of interest rate risk, the Company utilizes interest rate swap agreements to modify the repricing characteristics of certain portfolios of earning assets and interest-bearing liabilities. The results of such activities are captured in the "All Other" category.

ALL OTHER CATEGORY FINANCIAL SUMMARY

Three Months EndedChangeNine Months EndedChange(Dollars in millions)September 30, 2025June 30, 2025Amount%September 30, 2025September 30, 2024Amount%Income StatementNet interest income (expense)$60 $28 $32 109 %$111 $(341)$452 — %Noninterest income50 19 31 175 90 75