Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 88

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 88
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ollars in millions)March 31,2025December 31,2024March 31,2024Balances at period endLoans held for sale$179 $211 $165 Commitments to originate loans for sale224 190 211 Commitments to sell loans339 353 315 Capitalized mortgage servicing rights347 368 432 Loans serviced for others 37,572 38,105 39,598 Loans sub-serviced for others (a)160,966 111,544 111,964 Total loans serviced for others$198,538 $149,649 $151,562 __________________________________________________________________________________

(a)The contractual servicing rights associated with residential mortgage loans sub-serviced by the Company were predominantly held by affiliates of BLG. Information about the Company’s relationship with BLG and its affiliates is included in note 15 of Notes to Financial Statements.

The higher balances of residential mortgage loans sub-serviced for others at March 31, 2025 as compared with December 31, 2024 and March 31, 2024, and the corresponding increase in related revenues in the recent quarter, reflect an arrangement effective February 2025 whereby the Company began sub-servicing $51.7 billion of additional residential mortgage loans with contractual servings rights held by Bayview Financial. 

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COMMERCIAL MORTGAGE BANKING ACTIVITIES

Three Months EndedChangeThree Months EndedChange(Dollars in millions)March 31,2025December 31,2024Amount%March 31,2025March 31,2024Amount%Commercial mortgage banking revenuesGains on loans originated for sale$16 $22 $(6)-29 %$16 $8 $8 103 %Loan servicing fees and other20 19 1 1 20 18 2 10 Total commercial mortgage banking revenues$36 $41 $(5)-15 %$36 $26 $10 37 %Loans originated for sale to other investors$719 $1,675 $(956)-57 %$719 $1,044 $(325)-31 %

(Dollars in millions)March 31,2025December 31,2024March 31,2024Balances at period endLoans held for sale$192 $310 $563 Commitments to originate loans for sale784