Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 69

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 69
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365 13,035 40 780 14,220 Total$45,477 $88,940 $18,567 $8,236 $161,220 Three Months Ended December 31, 2024Noninterest-bearing deposits             $11,970 $24,590 $9,390 $604 $46,554 Savings and interest-checking deposits34,419 51,856 8,972 6,880 102,127 Time deposits364 13,805 45 1,744 15,958 Total$46,753 $90,251 $18,407 $9,228 $164,639 Three Months Ended March 31, 2024Noninterest-bearing deposits             $13,459 $25,380 $9,081 $695 $48,615 Savings and interest-checking deposits29,721 51,274 7,131 6,741 94,867 Time deposits353 14,995 37 5,198 20,583 Total$43,533 $91,649 $16,249 $12,634 $164,065 

Funding activities - borrowings

The following table summarizes the average balances utilized from the Company's short-term and long-term borrowing facilities and note programs.

AVERAGE BORROWINGS

Three Months Ended(Dollars in millions)March 31,2025December 31,2024March 31,2024Short-term borrowings:Federal funds purchased and repurchase agreements$86 $107 $307 FHLB advances2,783 2,456 5,921 Total short-term borrowings2,869 2,563 6,228 Long-term borrowings:Senior notes8,135 7,334 6,418 FHLB advances671 2,004 1,323 Subordinated notes500 500 977 Junior subordinated debentures410 526 540 Asset-backed notes1,559 1,291 505 Other10 10 10 Total long-term borrowings11,285 11,665 9,773 Total borrowings$14,154 $14,228 $16,001 

The Company uses borrowing capacity from banks, the FHLBs, the FRB of New York and others as sources of funding