Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 232

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 2
Chunk 232
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1.6 Total$36,184 2.2 

Information regarding the fair value of interest rate swap agreements designated as fair value hedges and cash flow hedges is presented in note 11 of Notes to Financial Statements. The average notional amounts of interest rate swap agreements entered into for interest rate risk management purposes (excluding forward-starting interest rate swap agreements not in effect during the quarter), the related effect on net interest income and margin, and the weighted-average interest rates paid or received on those swap agreements are presented in the table that follows. 

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INTEREST RATE SWAP AGREEMENTS - EFFECT ON NET INTEREST INCOME

Three Months EndedSeptember 30, 2025June 30, 2025(Dollars in millions)AmountRate (a)  AmountRate (a)Increase (decrease) in:Interest income$(22)-.04 %$(33)-.07 %Interest expense11 .03 11 .03 Net interest income/margin$(33)-.07 %$(44)-.09 %Average notional amount (b)$17,744 $20,347 Rate received (c)3.68 %3.51 %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