Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 195

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 8
Chunk 195
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Rate paid (c)4.41 4.37 

Nine Months EndedSeptember 30, 2025September 30, 2024(Dollars in millions)AmountRate (a)  AmountRate (a)Increase (decrease) in:Interest income$(108)-.08 %$(288)-.20 %Interest expense31 .03 40 .04 Net interest income/margin$(139)-.10 %$(328)-.23 %Average notional amount (b)$20,614 $20,454 Rate received (c)3.50 %3.25 %Rate paid (c)4.40 5.35 

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(a)Computed as an annualized percentage of average earning assets or interest-bearing liabilities.

(b)Excludes forward-starting interest rate swap agreements not in effect during the period.

(c)Weighted-average rate paid or received on interest rate swap agreements in effect during the period.

Lending activities

The Company's lending activities reflect a shift in portfolio composition as the Company executed various strategies to lessen its relative concentration of commercial real estate loans throughout 2024 and to reduce the amount of criticized loans in this category through 2025. The following table summarizes changes in the components of average loans.

AVERAGE LOANS

Three Months EndedNine Months Ended(Dollars in millions)September 30, 2025June 30,2025Percentage ChangeSeptember 30, 2025September 30, 2024Percentage ChangeCommercial and industrial$61,716 $61,036 1 %$61,271 $58,256 5 %Real estate - commercial24,353 25,333 -4 25,308 31,069 -19 Real estate - residential24,359 23,684 3 23,744 23,045 3 Consumer:Home equity lines and loans4,674 4,598 2 4,613 4,571 1 Recreational finance13,958 13,295 5 13,317 10,949 22 Automobile5,235 5,225 — 5,120 4,408 16 Other2,232 2,236 — 2,225 2,081 7 Total consumer26,099 25,354 3 25,275 22,009 15 Total