Company: MTB-PJ
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000036270-25-000011
Chunk: 199

Company: M&T BANK CORP
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 8
Chunk 199
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3.0 3.724.49Total cash flow hedges30,819 1.6 Total$36,184 2.2 

Information regarding the fair value of interest rate swap agreements designated as fair value hedges and cash flow hedges is presented in note 11 of Notes to Financial Statements. The average notional amounts of interest rate swap agreements entered into for interest rate risk management purposes (excluding forward-starting interest rate swap agreements not in effect during the quarter), the related effect on net interest income and margin, and the weighted-average interest rates paid or received on those swap agreements are presented in the table that follows. 

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INTEREST RATE SWAP AGREEMENTS - EFFECT ON NET INTEREST INCOME

Three Months EndedJune 30, 2025March 31, 2025(Dollars in millions)AmountRate (a)  AmountRate (a)Increase (decrease) in:Interest income$(33)-.07 %$(53)-.11 %Interest expense11 .03 9 .03 Net interest income/margin$(44)-.09 %$(62)-.13 %Average notional amount (b)$20,347 $23,816 Rate received (c)3.51 %3.34 %Rate paid (c)4.37 4.39 

Six Months EndedJune 30, 2025June 30, 2024(Dollars in millions)AmountRate (a)  AmountRate (a)Increase (decrease) in:Interest income$(86)-.09 %$(186)-.19 %Interest expense20 .03 27 .04 Net interest income/margin$(106)-.11 %$(213)-.22 %Average notional amount (b)$22,072 $19,896 Rate received (c)3.42 %3.26 %Rate paid (c)4.38 5.38 

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(a)Computed as an annualized percentage 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