Company: MTB-PJ
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000036270-25-000011
Chunk: 219

Company: M&T BANK CORP
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 8
Chunk 219
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 1 274 244 30 12 Professional and other services86 84 2 4 170 176 (6)-3 FDIC assessments22 23 (1)-7 45 97 (52)-53 Advertising and marketing25 22 3 14 47 47 — -1 Amortization of core deposit and other    intangible assets9 13 (4)-27 22 28 (6)-18 Other costs of operations113 118 (5)-5 231 250 (19)-8 Total other expense$1,336 $1,415 $(79)-6 %$2,751 $2,693 $58 2 %

Salaries and employee benefits

FULL-TIME EQUIVALENT EMPLOYEES

Three Months EndedJune 30, 2025March 31, 2025December 31, 2024June 30, 2024Average full-time equivalent employees22,39522,23522,06721,952Full-time equivalent employees at period end22,59022,29122,10122,110

Salaries and employee benefits expense decreased $74 million in the recent quarter as compared with the first quarter of 2025 reflecting seasonally higher stock-based compensation, payroll-related taxes and other employee benefits expense in the first quarter of 2025, partially offset by the full-quarter impact of annual merit increases awarded in the first quarter of 2025, an additional working day in the recent quarter and higher staffing levels.

Salaries and employee benefits expense increased $103 million in the six months ended June 30, 2025 as compared with the year-earlier period reflecting higher salaries expense from annual merit and other increases, higher staffing levels and a rise in incentive compensation, including stock-based compensation expense. Also contributing to the increase was higher employee benefits expense, reflecting higher staffing levels and a rise in medical benefits expense.

Nonpersonnel expenses

Nonpersonnel expenses aggregated $523 million in the recent quarter, down from $528 million in the first quarter of 2025. 

Nonpersonnel expenses decreased $45 million to $1.05 billion in the six months ended June 30, 2025 as compared with $1.10 billion in the first half of 2024 reflecting lower FDIC assessments of $52 million, resulting from $34 million of FDIC special assessment expense recognized in the first