Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 234

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 2
Chunk 234
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 increased $1.2 billion from the corresponding 2024 period. 

•Average commercial and industrial loans increased $3.0 billion reflecting higher average balances of loans to financial and insurance companies and motor vehicle and recreational finance dealers. 

•Average commercial real estate loans declined $5.8 billion as the Company executed various strategies to reduce its relative concentration of such loans. Average permanent and construction commercial real estate loans decreased by $3.8 billion and $1.9 billion, respectively.

•Average residential real estate loans grew $699 million reflecting the retention of originated residential mortgage loans and purchases.

•Average consumer loans increased $3.3 billion reflecting recreational finance and automobile average loan growth of $2.4 billion and $712 million, respectively.

Investing activities

The Company's investment securities portfolio is largely comprised of government-issued or guaranteed residential and commercial mortgage-backed securities and U.S. Treasury securities, but also includes municipal and other securities. When purchasing investment securities, the Company considers its liquidity position and its overall interest rate risk profile as well as the adequacy of expected returns relative to risks assumed, including prepayments. The Company may occasionally sell investment securities as a result of movements in interest rates and spreads, changes in liquidity needs, actual or anticipated prepayments, credit risk associated with a particular security, or as a result of restructuring its investment securities portfolio. The amounts of investment securities held by the Company are influenced by such factors as available yield in comparison with alternative investments, demand for loans, which generally yield more than investment securities, ongoing repayments, the levels of deposits, and management of liquidity and balance sheet size and resulting capital ratios. Information about the Company's average investment securities portfolio is presented in the following table.

AVERAGE INVESTMENT SECURITIES

Three Months EndedNine Months Ended(Dollars in millions)September 30,2025June 30,2025Percentage ChangeSeptember 30,2025September 30,2024Percentage ChangeInvestment securities available for sale:U.S. Treasury$7,155 $7,966 -10 %$7,702 $8,040 -4 %Mortgage-backed securities (a)15,481 13,079 18 13,435 5,419 148 Other debt securities2 3 -32 3 144 -98 Total available for sale22,638 21,048 8 21,140 13,603 55 Investment securities held to maturity:U.S