Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 52

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 1
Chunk 52
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 facts and circumstances of the Tricolor Holdings, LLC bankruptcy and its alleged fraudulent activities are still being learned and the extent of damages, if any, to parties participating in the warehouse facilities and asset-backed securitization transactions are not known. The Company believes it is probable that litigation will arise as a result of these events, but at the current time it is not possible to estimate any potential legal or other liability of Wilmington Trust, N.A. as a result of its capacities in the warehouse facilities and asset-backed securitization transactions.   

15. Segment informationReportable 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 M&T'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 reportable segments follows:Three Months Ended September 30,Commercial Bank Retail Bank Institutional Services and Wealth ManagementAll Other Total (c)(Dollars in millions)2025202420252024202520242025202420252024Net interest income (a)$539 $551 $999 $1,087 $163 $185 $60 $(97)$1,761 $1,726 Noninterest income209 172 249 205 244 204 50 25 752 606 Total revenue748 723 1,248 1,292 407 389 110 (72)2,513 2,332 Provision for credit losses72 39 70 74 — 3 (17)4 125 120 Salaries and employee benefits160 152 204 196