Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 234

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 2
Chunk 234
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 described herein. Should the various economic forecasts and credit factors considered by management in establishing the allowance for credit losses change and should management’s assessment of losses in the loan portfolio also change, the level of the allowance as a percent of loans could increase or decrease in future periods. The reported level of the allowance for credit losses reflects management’s evaluation of the loan and lease portfolio as of each respective date. 

The ratio of the allowance for credit losses to total nonaccrual loans at March 31, 2025 and December 31, 2024 was 143% and 129%, respectively. Given the Company’s general position as a secured lender and its practice of charging off loan balances when collection is deemed doubtful, that ratio and changes in the ratio are generally not an indicative measure of the adequacy of the Company’s allowance for credit losses, nor does management rely upon that ratio in assessing the adequacy of the Company’s allowance for credit losses.

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Other Income

The components of other income are presented in the accompanying table.

OTHER INCOME

Three Months EndedChangeThree Months EndedChange(Dollars in millions)March 31,2025December 31,2024Amount%March 31,2025March 31,2024Amount%Mortgage banking revenues$118 $117 $1 — %$118 $104 $14 13 %Service charges on deposit accounts133 131 2 1 133 124 9 7 Trust income177 175 2 1 177 160 17 11 Brokerage services income32 30 2 3 32 29 3 10 Trading account and other non-hedging    derivative gains9 10 (1)4 9 9 — 3 Gain (loss) on bank investment securities— 18 (18)-100 — 2 (2)-97 Other revenues from operations142 176 (34)-19 142 152 (10)-6 Total other income$611 $657 $(46)-7 %$611 $580 $31 5 %

Mortgage banking revenues

Mortgage banking revenues are comprised of both residential and commercial mortgage banking activities, which consist of realized gains and losses from sales of real estate loans and loan servicing rights, unrealized gains and losses on real estate loans held for sale and related commitments, real estate loan servicing fees,