Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 217

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 8
Chunk 217
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 EndedChange(Dollars in millions)September 30,2025June 30,2025Amount%September 30,2025September 30,2024Amount%Commercial mortgage banking revenuesGains on loans originated for sale$20 $14 $6 33 %$50 $35 $15 41 %Loan servicing fees and other19 19 — 6 58 55 3 8 Total commercial mortgage banking revenues$39 $33 $6 18 %$108 $90 $18 21 %Loans originated for sale to other investors$1,051 $1,368 $(317)-23 %$3,138 $2,861 $277 10 %

(Dollars in millions)September 30,2025June 30,2025December 31, 2024September 30,2024Balances at period endLoans held for sale$278 $361 $310 $716 Commitments to originate loans for sale1,074 659 479 825 Commitments to sell loans1,292 1,017 789 1,521 Capitalized mortgage servicing rights123 124 126 116 Loans serviced for others (a)28,957 28,416 27,474 25,793 Loans sub-serviced for others4,297 4,209 4,063 4,044 Total loans serviced for others$33,254 $32,625 $31,537 $29,837 __________________________________________________________________________________

(a)Includes $4.4 billion at September 30, 2025, $4.3 billion at June 30, 2025, $4.2 billion at December 31, 2024 and $3.9 billion at September 30, 2024 of loan balances for which investors had recourse to the Company if such balances are ultimately uncollectable.

The higher gains on commercial mortgage loans originated for sale in the recent quarter as compared with the second quarter of 2025 reflect higher margins on new commitments to originate commercial real estate loans for sale. The increase in gains on commercial mortgage loans originated for sale in the first three quarters of 2025 as compared with the similar 2024 period reflects increased volume of and higher margin on new commitments to originate commercial real estate loans for sale.

Service charges on deposit accounts

Service charges