Company: MTB-PJ
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006267
Chunk: 175

Company: M&T BANK CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 175
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20242022 to 2023(Dollars in millions)202420232022Amount%Amount%Income StatementNet interest income (expense)$(396)$(346)$109 $(50)-14 %$(455)-419 %Noninterest income136 103 59 33 31 44 74 Total revenue (expense)(260)(243)168 (17)-7 (411)-244 Provision for credit losses50 175 351 (125)-72 (176)-50 Noninterest expense605 709 852 (104)-15 (143)-17 Loss before taxes(915)(1,127)(1,035)212 19 (92)-9 Income taxes(381)(371)(344)(10)-3 (27)-8 Net loss$(534)$(756)$(691)$222 29 %$(65)-9 %

The "All Other" category recorded a net loss of $534 million in 2024, compared with a net loss of $756 million in 2023.

•Net interest expense increased $50 million reflecting the unfavorable impact of interest rate swap agreements entered into for interest rate risk management purposes, partially offset by the favorable impact from the Company’s allocation methodologies for internal transfers related to funding charges and credits associated with earning assets and interest-bearing liabilities of the Company’s reportable segments.

•Provision for credit losses decreased $125 million reflecting the net impact of the allocation of the provision for credit losses to reportable segments.

•Noninterest income increased $33 million reflecting an increase in distributions from M&T's investment in BLG of $28 million and higher net gains on bank investment securities, including realized net gains in 2024 from the divestment of certain debt and equity investment securities that were not considered relevant to the Company's current balance sheet management strategies. 

•Noninterest expense decreased $104 million reflecting lower FDIC special assessments, partially offset by higher personnel-related costs.

105

Critical Accounting Estimates

The Company’s significant accounting policies conform with GAAP and are described in note 1 of Notes to Financial Statements. In applying those accounting policies, management of the Company is required to exercise judgment in determining many of the methodologies, assumptions and estimates to be utilized. Certain of the critical accounting estimates are more dependent on such judgment and in some cases may contribute to volatility in the Company’s reported financial performance should the assumptions and estimates used change over time due to changes in circumstances. The more significant areas in