Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 142

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 8
Chunk 142
---
 — — — Total$1,108 $117 $67 $1,292 Twelve Months Ended March 31, 2024Commercial and industrial$310 $7 $10 $327 Real estate:Commercial715 33 24 772 Residential builder and developer14 39 — 53 Other commercial construction534 5 — 539 Residential (c)118 37 30 185 Consumer:Home equity lines and loans2 — — 2 Recreational finance— — — — Automobile— — — — Other— — — — Total$1,693 $121 $64 $1,878 __________________________________________________________________________________(a) As of respective period end.(b)        Predominantly loan modifications with term extensions.(c)        Includes loans guaranteed by government-related entities classified as 30 to 89 days past due of $29 million and $30 million and as past due 90 days or more of $34 million and $27 million at March 31, 2025 and 2024, respectively.

- 23 -

4. Borrowings

(Dollars in millions)March 31, 2025December 31, 2024Short-term borrowingsRepurchase agreements$73 $60 Advances from FHLB1,500 1,000 Total short-term borrowings$1,573 $1,060 Long-term borrowingsSenior notes — M&T$4,796 $4,710 Senior notes — M&T Bank2,996 3,745 Advances from FHLB4 2,004 Subordinated notes — M&T Bank481 474 Junior subordinated debentures — M&T (a)402 433 Asset-backed notes (a)1,807 1,229 Other10 10 Total long-term borrowings$10,496 $12,605 __________________________________________________________________________________(a) Further information about Junior Subordinated Debentures and asset-backed note financing transactions is provided in note 11.M&T Bank had secured borrowing facilities available with the FHLB of New York and the FRB of New York totaling approximately $18.6 billion and $24.7 billion, respectively, at March 31, 2025. M&T Bank is required to pledge loans and investment securities as collateral for these borrowing