Company: MTB-PJ
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000036270-25-000011
Chunk: 195

Company: M&T BANK CORP
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 8
Chunk 195
---
$163,778 

- 51 -

Funding activities - borrowings

The following table summarizes the average balances utilized from the Company's short-term and long-term borrowing facilities and note programs.

AVERAGE BORROWINGS

Three Months EndedSix Months Ended(Dollars in millions)June 30,2025March 31,2025June 30,2025June 30,2024Short-term borrowings:Federal funds purchased and repurchase agreements$199 $86 $143 $299 FHLB advances3,128 2,783 2,957 5,296 Total short-term borrowings3,327 2,869 3,100 5,595 Long-term borrowings:Senior notes8,066 8,135 8,100 6,753 FHLB advances4 671 335 1,664 Subordinated notes500 500 500 976 Junior subordinated debentures402 410 406 541 Asset-backed notes1,954 1,559 1,758 687 Other10 10 10 10 Total long-term borrowings10,936 11,285 11,109 10,631 Total borrowings$14,263 $14,154 $14,209 $16,226 

The Company uses borrowing capacity from banks, the FHLBs, the FRB of New York and others as sources of funding. Short-term borrowings represent arrangements that at the time they were entered into had a contractual maturity of one year or less. Average short-term borrowings in the second quarter of 2025 as compared with the first quarter of 2025 were modestly higher. The lower levels of average short-term borrowings for the six months ended June 30, 2025 as compared with the similar 2024 period reflect the Company's management of liquidity, including reductions in short-term wholesale funding sources. 

The levels of long-term borrowings reflect the Company's strategies to diversify its wholesale funding sources to provide long-term funding stabilization and prepare for proposed regulations enumerating certain long-term debt requirements as described in Part I, Item 1, "Resolution Planning and Resolution-Related Requirements" of M&T's 2024 Annual Report. The following table provides a summary of the Company's issuances, maturities and redemptions of long-term borrowings for the three-month and six-month periods ended June 30,