Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 163

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 8
Chunk 163
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million, respectively.  Such amounts are classified as Accrued interest and other liabilities in the Consolidated Balance Sheet. The FDIC has indicated that the amount of the special assessment may be adjusted in the future as its loss estimates change.

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14. Segment information

Reportable segments have been determined based upon the Company’s organizational structure which is primarily arranged around the delivery of products and services to similar customer types. The Company's internal profitability reporting system produces financial information, inclusive of net interest income and income before taxes, for each segment. Such information is reviewed by the Company's Chief Executive Officer, who has been identified as the chief operating decision maker, in evaluating operating decisions, business performance and the allocation of resources. The Company's reportable segments are Commercial Bank, Retail Bank and Institutional Services and Wealth Management.The financial information of the Company's segments was compiled utilizing the accounting policies described in note 21 of Notes to Financial Statements in the Company's 2024 Annual Report. The management accounting policies and processes utilized in compiling segment financial information are highly subjective and, unlike financial accounting, are not based on authoritative guidance similar to GAAP. As a result, reported segment results are not necessarily comparable with similar information reported by other financial institutions. Furthermore, changes in management structure or allocation methodologies and procedures may result in changes in reported segment financial data.Information about the Company's segments follows:Three Months Ended March 31,Commercial Bank Retail Bank Institutional Services and Wealth ManagementAll Other Total (c)(Dollars in millions)2025202420252024202520242025202420252024Net interest income (a)$529 $548 $972 $1,071 $171 $186 $23 $(125)$1,695 $1,680 Noninterest income173 151 208 197 209 191 21 41 611 580 Total revenue702 699 1,180 1,268 380 377 44 (84)2,306 2,260 Provision for credit losses36 77 79 68 3 — 12 55 130 200 Salaries and employee benefits151 146 196 190 106 100 434 397 887 833 Depreciation and amortization10 9 62 65 2 2 56 54 130 130 Other direct expenses67 66 99 100 26 28 206 239 398