Company: MTB-PJ
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006267
Chunk: 5

Company: M&T BANK CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 5
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 Balance Sheet

December 31,(Dollars in millions, except per share)20242023AssetsCash and due from banks$1,909 $1,731 Interest-bearing deposits at banks18,873 28,069 Trading account101 106 Investment securities:Available for sale (cost: $19,054 at December 31, 2024;     $10,691 at December 31, 2023)18,849 10,440 Held to maturity (fair value: $12,955 at December 31, 2024;     $14,308 at December 31, 2023)14,195 15,330 Equity and other securities (cost: $1,007 at December 31, 2024;      $1,125 at December 31, 2023)1,007 1,127 Total investment securities34,051 26,897 Loans and leases135,581 134,068 Allowance for credit losses(2,184)(2,129)Net loans and leases133,397 131,939 Premises and equipment1,705 1,739 Goodwill8,465 8,465 Core deposit and other intangible assets94 147 Accrued interest and other assets9,510 9,171 Total assets$208,105 $208,264 LiabilitiesNoninterest-bearing deposits$46,020 $49,294 Savings and interest-checking deposits100,599 93,221 Time deposits14,476 20,759 Total deposits161,095 163,274 Short-term borrowings1,060 5,316 Long-term borrowings12,605 8,201 Accrued interest and other liabilities4,318 4,516 Total liabilities179,078 181,307 Shareholders' equityPreferred stock2,394 2,011 Common stock, $0.50 par, 250,000,000 shares authorized,     179,436,779 shares issued at December 31, 2024 and December 31, 202390 90 Common stock issuable, 11,642 shares at December 31, 2024;     12,217 shares at December 31, 20231 1 Additional paid-in capital9,998 10,020 Ret