Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 89

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 89
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 479 451 Commitments to sell loans974 789 1,014 Capitalized mortgage servicing rights125 126 122 Loans serviced for others (a)27,963 27,474 24,771 Loans sub-serviced for others4,205 4,063 3,906 Total loans serviced for others$32,168 $31,537 $28,677 __________________________________________________________________________________

(a)Includes $4.3 billion, $4.2 billion and $4.0 billion of loan balances for which investors had recourse to the Company if such balances are ultimately uncollectible at March 31, 2025, December 31, 2024 and March 31, 2024, respectively.

Changes in commercial mortgage banking revenues in the three-month period ended March 31, 2025 as compared with the fourth and first quarters of 2024 reflect varying volumes and margins on new commitments to originate commercial real estate loans for sale. 

Service charges on deposit accounts

Service charges on deposit accounts for the first three months of 2025 increased $2 million and $9 million as compared with the fourth and first quarters of 2024, respectively, reflecting higher commercial service charges that resulted from pricing changes and increased customer usage of sweep products.

Trust income

Trust income primarily includes revenues from two significant businesses managed within the Company's Institutional Services and Wealth Management segment. The Institutional Services business provides a variety of trustee, agency, investment management and administrative services for corporations and institutions, investment bankers, corporate tax, finance and legal executives, and other institutional clients who: (i) use capital markets financing structures; (ii) use independent trustees to hold assets; and (iii) need investment and cash management services. The Wealth Management business offers personal trust, planning and advisory, fiduciary, asset management, family office and other services designed to help high net worth individuals and families grow, preserve and transfer wealth.

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TRUST INCOME AND ASSETS UNDER MANAGEMENT

Three Months EndedChangeThree Months EndedChange(Dollars in millions)March 31,2025December 31,2024Amount%March 31,2025March 31,2024Amount%Trust incomeInstitutional Services$94 $93 $1 2 %$94 $81 $13 16 %Wealth Management82 82 — — 82 78 4 5 Commercial1 — 1