Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 257

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 2
Chunk 257
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,071 $(99)-9 %Noninterest income208 204 4 2 208 197 11 5 Total revenue1,180 1,244 (64)-5 1,180 1,268 (88)-7 Provision for credit losses79 86 (7)-7 79 68 11 16 Noninterest expense636 684 (48)-7 636 599 37 6 Income before taxes465 474 (9)-2 465 601 (136)-23 Income taxes118 122 (4)-4 118 155 (37)-24 Net income$347 $352 $(5)-2 %$347 $446 $(99)-22 %Average Balance SheetLoans and leases:Commercial and industrial$6,416 $6,433 $(17)— %$6,416 $6,874 $(458)-7 %Commercial real estate1,672 1,734 (62)-4 1,672 1,904 (232)-12 Residential real estate20,570 20,480 90 — 20,570 20,843 (273)-1 Consumer23,536 23,225 311 1 23,536 20,387 3,149 15 Total loans and leases$52,194 $51,872 $322 1 %$52,194 $50,008 $2,186 4 %Deposits:Noninterest-bearing$24,220 $24,590 $(370)-2 %$24,220 $25,380 $(1,160)-5 %Interest-bearing64,720 65,661 (941)-1 64,720 66,269 (1,549)-2 Total deposits$88,940 $90,251 $(1,311)-1 %$88,940 $91,649 $(2,709)-3 %

The Retail Bank segment’s net income was $347 million in the first quarter of 2025, compared with $352 million in the fourth quarter of 2024.

•Net interest income decreased $68 million reflecting a 17 basis-point narrowing of the net interest margin on deposits and lower outstanding average balances of those deposits.

•Noninterest income increased $4 million