Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 40

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 1
Chunk 40
---
 Months Ended September 30,20252024(Dollars in millions)Derivative Hedged ItemDerivative Hedged ItemDerivatives in fair value hedging relationships    Interest rate swap agreements:    Fixed rate long-term borrowings (a)$13 $(13)$130 $(130)Fixed rate investment securities available for sale (b)— — Total$13 $(13)$130 $(130)Derivatives not designated as hedging instruments    Interest rate contracts (c)$11 $5 Foreign exchange and other option and futures contracts (c)5 5 Total$16 $10 __________________________________________________________________________________(a)Reported as an adjustment to Interest expense in the Company's Consolidated Statement of Income.(b)Reported as an adjustment to Interest income in the Company's Consolidated Statement of Income.(c)Included in Trading account and other non-hedging derivative gains in the Company's Consolidated Statement of Income.

- 33 -

11. Derivative financial instruments, continued

Amount of Gain (Loss) RecognizedNine Months Ended September 30,20252024(Dollars in millions)Derivative Hedged ItemDerivative Hedged ItemDerivatives in fair value hedging relationshipsInterest rate swap agreements:Fixed rate long-term borrowings (a)$160 $(160)$52 $(52)Fixed rate investment securities available for sale (b)— — Total$160 $(160)$52 $(52)Derivatives not designated as hedging instrumentsInterest rate contracts (c)$23 $11 Foreign exchange and other option and futures contracts (c)11 13 Total$34 $24 __________________________________________________________________________________(a)Reported as an adjustment to Interest expense in the Company's Consolidated Statement of Income.(b)Reported as an adjustment to Interest income in the Company's Consolidated Statement of Income.(c)Included in Trading account and other non-hedging derivative gains in the Company's Consolidated Statement of Income.Carrying Amount of the Hedged ItemCumulative Amount of Fair Value Hedging Adjustment Increasing (Decreasing) the CarryingAmount of the Hedged Item (Dollars in millions)September 30,2025December 31, 2024September 30,2025December 31, 2024Location in the Consolidated Balance Sheet of the Hedged Items in Fair Value Hedges Long-term borrowings$6,092 $5,184 $5 $(155