Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 216

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 8
Chunk 216
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 9 17 159 92 67 72 Total loan servicing revenues99 89 10 11 264 206 58 28 Total residential mortgage banking revenues$108 $97 $11 11 %$287 $229 $58 25 %New commitments to originate loans for sale$407 $322 $85 27 %$1,019 $1,092 $(73)-7 %

(Dollars in millions)September 30,2025June 30,2025December 31, 2024September 30,2024Balances at period endLoans held for sale$327 $222 $211 $242 Commitments to originate loans for sale329 248 190 258 Commitments to sell loans576 407 353 419 Capitalized mortgage servicing rights305 326 368 389 Loans serviced for others 36,421 36,952 38,105 38,609 Loans sub-serviced for others (a)161,785 157,608 111,544 112,695 Total loans serviced for others$198,206 $194,560 $149,649 $151,304 __________________________________________________________________________________

(a)The contractual servicing rights associated with residential mortgage loans sub-serviced by the Company were predominantly held by affiliates of BLG. Information about the Company’s relationship with BLG and its affiliates is included in note 16 of Notes to Financial Statements.

The higher balances of residential mortgage loans sub-serviced for others at September 30, 2025 and June 30, 2025 as compared with December 31, 2024 and September 30, 2024, and the corresponding increase in related revenues for the nine months ended September 30, 2025 as compared with the nine months ended September 30, 2024, reflect an arrangement effective February 2025 whereby the Company began sub-servicing $51.7 billion of additional residential mortgage loans with contractual servicing rights held by Bayview Financial. The increase in residential mortgage banking revenues in the third quarter of 2025 as compared with the second quarter of 2025 reflects a rise in the level of delinquent loans sub-serviced for others, which generated higher sub-servicing fees.

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COMMERCIAL MORTGAGE BANKING ACTIVITIES

Three Months EndedChangeNine Months