Company: MTB-PJ
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000036270-25-000011
Chunk: 59

Company: M&T BANK CORP
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 59
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72 %$161,220 $676 1.70 %Total brokered deposits10,489 105 3.99 10,768 107 4.05 __________________________________________________________________________________

(a)Includes nonaccrual loans.

(b)Includes available-for-sale securities at amortized cost.

(c)Primarily government issued or guaranteed.

(d)The yield on state and political subdivision investment securities for the three-month period ended June 30, 2025 reflects $20 million of lower taxable-equivalent interest income resulting from an alignment of amortization periods for certain municipal bonds obtained from the acquisition of People's United.

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AVERAGE BALANCE SHEETS AND ANNUALIZED TAXABLE-EQUIVALENT RATES (continued)

Six Months EndedJune 30, 2025June 30, 2024(Dollars in millions)AverageBalanceInterestAverageRateAverageBalanceInterestAverageRateAssetsEarning assets:Loans (a):Commercial and industrial$61,046 $1,932 6.38 %$57,486 $2,005 7.01 %Commercial real estate25,794 809 6.24 32,077 1,032 6.37 Residential real estate23,431 525 4.48 23,071 496 4.30 Consumer24,856 809 6.57 21,558 705 6.58 Total loans135,127 4,075 6.08 134,192 4,238 6.35 Interest-bearing deposits at banks19,697 437 4.48 29,971 819 5.50 Trading account96 2 3.44 102 2 3.45 Investment securities (b):U.S. Treasury8,521 165 3.90 9,090 139 3.08 Mortgage-backed securities (c)23,021 463 4.02 16,168 274 3.39 State and political subdivisions (d)2,293 19 1.64 2,466 46 3.79 Other1,074 29 5.41 1,417 41 5.85 Total investment securities34,909 676 3.90 29,141 500 3.46 Total earning assets189,829 5,190 5