Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 15

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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 address enhanced disclosure requirements for income taxes and the disaggregated income statement presentation of certain expenses and are not expected to have a material impact to the Company's consolidated financial statements.

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2. Investment securities

The amortized cost and estimated fair value of investment securities were as follows:(Dollars in millions)AmortizedCost (a)GrossUnrealizedGainsGrossUnrealizedLossesEstimatedFair ValueMarch 31, 2025Investment securities available for sale:U.S. Treasury $8,065 $31 $11 $8,085 Mortgage-backed securities:Government issued or guaranteed:Commercial4,316 35 11 4,340 Residential8,422 47 99 8,370 Other 4 — — 4 20,807 113 121 20,799 Investment securities held to maturity:U.S. Treasury442 — 10 432 Mortgage-backed securities:Government issued or guaranteed:Commercial2,035 — 114 1,921 Residential8,547 — 800 7,747 Privately issued36 8 — 44 State and political subdivisions2,291 — 128 2,163 Other 1 — — 1  13,352 8 1,052 12,308 Total debt securities$34,159 $121 $1,173 $33,107 Equity and other securities:Readily marketable equity — at fair value$280 $2 $2 $280 Other — at cost706 — — 706 Total equity and other securities$986 $2 $2 $986  December 31, 2024Investment securities available for sale:U.S. Treasury $7,945 $13 $27 $7,931 Mortgage-backed securities:    Government issued or guaranteed:    Commercial3,739 8 45 3,702 Residential7,368 13 167 7,214 Other2 — — 2 19,054 34 239 18,849 Investment securities held to maturity:U.S. Treasury 1,015 — 14 1,001 Mortgage-backed securities:Government issued or guaranteed:Commercial2,034 — 157 1,