Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 182

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 8
Chunk 182
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 Wealth Management.The financial information of the Company's segments was compiled utilizing the accounting policies described in note 21 of Notes to Financial Statements in M&T's 2024 Annual Report. The management accounting policies and processes utilized in compiling segment financial information are highly subjective and, unlike financial accounting, are not based on authoritative guidance similar to GAAP. As a result, reported segment results are not necessarily comparable with similar information reported by other financial institutions. Furthermore, changes in management structure or allocation methodologies and procedures may result in changes in reported segment financial data.Information about the Company's reportable segments follows:Three Months Ended September 30,Commercial Bank Retail Bank Institutional Services and Wealth ManagementAll Other Total (c)(Dollars in millions)2025202420252024202520242025202420252024Net interest income (a)$539 $551 $999 $1,087 $163 $185 $60 $(97)$1,761 $1,726 Noninterest income209 172 249 205 244 204 50 25 752 606 Total revenue748 723 1,248 1,292 407 389 110 (72)2,513 2,332 Provision for credit losses72 39 70 74 — 3 (17)4 125 120 Salaries and employee benefits160 152 204 196 112 103 357 324 833 775 Depreciation and amortization11 10 59 61 2 1 50 50 122 122 Other direct expenses68 69 116 105 25 24 199 208 408 406 Indirect expense (b)127 127 297 255 78 74 (502)(456)— — Income (loss) before taxes310 326 502 601 190 184 23 (202)1,025 909 Income tax expense (benefit)82 87 126 155 48 47 (23)(101)233 188 Net income (loss)$228 $239 $376 $446 $142 $137 $46 $(101)$792 $721 Average total assets$78,227 $80,434 $57,653 $53,128 $4,355 $3,898 $70,818 $72,121