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

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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 it anticipated that it would be required to sell any of its impaired investment securities at a loss. At September 30, 2025, the Company has not identified events or changes in circumstances which may have a significant adverse effect on the fair value of the $732 million of cost method equity securities.The Company estimated no material allowance for credit losses for its investment securities classified as held to maturity at September 30, 2025 and December 31, 2024.At September 30, 2025, the amortized cost and estimated fair value of debt securities by contractual maturity were as follows:(Dollars in millions)AmortizedCostEstimatedFair ValueDebt securities available for sale:Due in one year or less$2,634 $2,639 Due after one year through five years3,949 3,983 Due after five years through ten years— — Due after ten years— — 6,583 6,622 Mortgage-backed securities16,417 16,541 $23,000 $23,163 Debt securities held to maturity:Due in one year or less$71 $71 Due after one year through five years679 672 Due after five years through ten years1,355 1,336 Due after ten years505 464 2,610 2,543 Mortgage-backed securities10,101 9,381 $12,711 $11,924 At September 30, 2025 and December 31, 2024, investment securities with carrying values of $6.0 billion (including $65 million related to repurchase transactions) and $6.2 billion (including $71 million related to repurchase transactions), respectively, were pledged to secure outstanding borrowings, lines of credit and governmental deposits.

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4. Loans and allowance for loan losses

A summary of current, past due and nonaccrual loans as of September 30, 2025 and December 31, 2024 follows:(Dollars in millions)Current30-89 Days Past DueAccruing Loans Past Due 90 Days or MoreNonaccrualTotal (a) (b)September 30, 2025Commercial and industrial$60,952 $172 $3 $760 $61,887 Real estate:   Commercial (c)19,493 189 19 361 20,062 Residential