Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 169

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 8
Chunk 169
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 designated and qualifying as hedging instruments (a)    Interest rate swap agreements$12 $2 $— $3 Commitments to sell real estate loans1 4 — —  13 6 — 3 Derivatives not designated and qualifying as hedging instruments (a)    Mortgage banking:    Commitments to originate real estate loans for sale20 4 23 32 Commitments to sell real estate loans28 39 6 —  48 43 29 32 Other:    Interest rate contracts (b)174 185 435 769 Foreign exchange and other option and futures contracts18 21 16 18  192 206 451 787 Total derivatives$253 $255 $480 $822 __________________________________________________________________________________(a)Asset derivatives are included in Accrued interest and other assets and liability derivatives are included in Accrued interest and other liabilities in the Company's Consolidated Balance Sheet.(b)The impact of variation margin payments at September 30, 2025 and December 31, 2024 was a reduction of the estimated fair value of interest rate contracts not designated as hedging instruments in an asset position of $379 million and $686 million, respectively, and in a liability position of $33 million and $15 million, respectively.Amount of Gain (Loss) RecognizedThree Months Ended September 30,20252024(Dollars in millions)Derivative Hedged ItemDerivative Hedged ItemDerivatives in fair value hedging relationships    Interest rate swap agreements:    Fixed rate long-term borrowings (a)$13 $(13)$130 $(130)Fixed rate investment securities available for sale (b)— — Total$13 $(13)$130 $(130)Derivatives not designated as hedging instruments    Interest rate contracts (c)$11 $5 Foreign exchange and other option and futures contracts (c)5 5 Total$16 $10 __________________________________________________________________________________(a)Reported as an adjustment to Interest expense in the Company's Consolidated Statement of Income.(b)Reported as an adjustment to Interest income in the Company's Consolidated Statement of Income.(c)Included in Trading account and other non-hedging derivative gains in the Company's Consolidated Statement of Income.

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11. Derivative financial instruments, continued

Amount of Gain (Loss) Recognized