Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 255

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 2
Chunk 255
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Total loans and leases$78,536 $79,891 $(1,355)-2 %$78,536 $80,267 $(1,731)-2 %Deposits:Noninterest-bearing$11,304 $11,970 $(666)-6 %$11,304 $13,459 $(2,155)-16 %Interest-bearing34,173 34,783 (610)-2 34,173 30,074 4,099 14 Total deposits$45,477 $46,753 $(1,276)-3 %$45,477 $43,533 $1,944 4 %

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The Commercial Bank segment’s net income was $231 million in the first quarter of 2025, up from $226 million in the fourth quarter of 2024.

•Net interest income decreased $31 million reflecting a narrowing of the net interest margin on loans and leases of 5 basis points and lower average outstanding loan and deposit balances.

•Noninterest income decreased $12 million reflecting lower commercial mortgage banking revenues of $6 million and a decline in credit related fees (primarily loan syndication fees) of $5 million.

•Provision for credit losses declined $37 million reflecting lower net charge-offs on commercial and industrial loans.

•Noninterest expense declined $11 million reflecting a decline in other costs of operations of $10 million and lower salaries and employee benefits expense of $7 million, partially offset by higher centrally-allocated costs associated with data processing, risk management, and other support services provided to the Commercial Bank segment of $11 million.

•Average loans and leases declined $1.4 billion reflecting a $1.6 billion reduction in average commercial real estate loans, partially offset by a $235 million increase in average commercial and industrial loans. The growth in average commercial and industrial loans reflected continued growth in loans to customers in the financial and insurance industry.

•Average deposits decreased $1.3 billion reflecting seasonal declines of commercial customer deposits.

Net income for the Commercial Bank segment increased $30 million in the first quarter of 2025 from $201 million in the year-earlier quarter. 

•Net interest income declined $19 million reflecting a narrowing of the net interest margin on deposits of 27 basis points and a decline in average outstanding loan balances of $1.7 billion, partially offset by an expansion of the net interest margin on loans of 5 basis points.

•Non