Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 223

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 2
Chunk 223
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.14 %1.25 %1.71 %Nonperforming assets as a percent of total loans and    leases and real estate and other foreclosed assets1.17 1.27 1.73 Accruing loans past due 90 days or more as a percent of   total loans and leases.29 .25 .22 Loans 30-89 days past due as a percent of total loans and leases1.08 1.22 1.04 __________________________________________________________________________________

(a)Predominantly government-guaranteed residential real estate loans. 

Nonaccrual loans declined $150 million from December 31, 2024 to March 31, 2025 reflecting a $113 million reduction in commercial real estate nonaccrual loans and a $34 million reduction in commercial and industrial nonaccrual loans. As compared with March 31, 2024, the $762 million decline in nonaccrual loans at March 31, 2025 reflects a $576 million reduction in commercial real estate nonaccrual loans and a $202 million reduction in commercial and industrial nonaccrual loans. Approximately 55% of nonaccrual commercial and industrial and commercial real estate loans were considered current with respect to their payment status at March 31, 2025. 

Government-guaranteed loans designated as accruing loans past due 90 days or more included one-to-four family residential mortgage loans serviced by the Company that were repurchased to reduce associated servicing costs, including a requirement to advance principal and interest payments that had not been received from individual mortgagors. Despite the loans being purchased by the Company, the insurance or guarantee by the applicable government-related entity remains in force. The outstanding principal balances of the repurchased loans included in the amounts noted herein that are guaranteed by government-related entities totaled $240 million at March 31, 2025, $224 million at December 31, 2024 and $195 million at March 31, 2024. Accruing loans past due 90 days or more not guaranteed by government-related entities were loans considered to be with creditworthy borrowers that were in the process of collection or renewal.

Approximately 76% of loans 30 to 89 days past due were less than 60 days delinquent at March 31, 2025, compared with 73% at December 31, 2024. Additional information about past due and nonacc