Company: MTB-PJ
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000036270-25-000011
Chunk: 240

Company: M&T BANK CORP
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 2
Chunk 240
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 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.

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Provision for Credit Losses

A provision for credit losses is recorded to adjust the level of the allowance to reflect expected credit losses that are based on economic forecasts as of each reporting date. A provision for credit losses of $125 million was recorded in the second quarter of 2025, compared with $130 million in the first quarter of 2025. In the recent quarter the provision for credit losses included $20 million of provision for unfunded credit commitments. For the six months ended June 30, 2025 and 2024, the Company recorded a provision for credit losses of $255 million and $350 million, respectively. The lower provision for credit losses in the first half of 2025 as compared with the similar 2024 period reflects improved performance of loans to commercial customers, partially offset by growth in M&T's consumer loan portfolio.

A summary of the Company's net loan charge-offs by loan type and as an annualized percent of such average loans is presented in the table that follows. 

NET CHARGE-OFF (RECOVERY) INFORMATION

Three Months EndedJune 30, 2025March 31, 2025(Dollars in millions)Net Charge-Offs (Recoveries)Annualized Percent of Average LoansNet Charge-Offs (Recoveries)Annualized Percent of Average LoansCommercial and industrial $38 .24 %$29 .20 %Real estate:Commercial21 .41 19 .38 Residential builder and developer— — — — Other commercial construction2 .19 — -.04 Residential— .02 — -.01 Consumer:Home equity lines and loans(1)-.11 — .03 Recreational finance21 .62 31 1.00 Automobile3 .26 7 .54 Other24 4.34 28 5.19 Total$108 .32 %$114 .34 %

Six Months EndedJune 30, 2025June 30, 2024(Dollars in millions)Net Charge-Offs (Recoveries)Annualized Percent of Average LoansNet Charge-Offs (Recoveries