Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 253

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 2
Chunk 253
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$1,770 $276 16 %

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Mortgage banking revenues

Mortgage banking revenues are comprised of both residential and commercial mortgage banking activities, which consist of realized gains and losses from sales of real estate loans and loan servicing rights, unrealized gains and losses on real estate loans held for sale and related commitments, real estate loan servicing fees, and other real estate loan related fees and income. The Company's involvement in commercial mortgage banking activities includes the origination, sales and servicing of loans under the multifamily loan programs of Fannie Mae, Freddie Mac, and the U.S. Department of Housing and Urban Development.

RESIDENTIAL MORTGAGE BANKING ACTIVITIES

Three Months EndedChangeNine Months EndedChange(Dollars in millions)September 30,2025June 30,2025Amount%September 30,2025September 30,2024Amount%Residential mortgage banking revenuesGains on loans originated for sale$9 $8 $1 10 %$23 $23 $— 1 %Loan servicing fees35 34 1 3 105 114 (9)-8 Loan sub-servicing and other fees64 55 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,