Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 112

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 112
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 real estate31 31 — -2 31 48 (17)-36 Residential real estate2,210 2,187 23 1 2,210 1,846 364 20 Consumer799 776 23 3 799 722 77 11 Total loans and leases$3,929 $3,765 $164 4 %$3,929 $3,399 $530 16 %Deposits:Noninterest-bearing$9,370 $9,390 $(20)— %$9,370 $9,081 $289 3 %Interest-bearing9,197 9,017 180 2 9,197 7,168 2,029 28 Total deposits$18,567 $18,407 $160 1 %$18,567 $16,249 $2,318 14 %

The Institutional Services and Wealth Management segment’s net income decreased $5 million to $121 million in the first quarter of 2025 from $126 million in the fourth quarter of 2024.

•Net interest income declined $12 million predominantly due to a 22 basis-point narrowing of the net interest margin on deposits.

•Noninterest expense decreased $6 million reflecting a decline in centrally-allocated costs associated with data processing, risk management, and other support services provided to the Institutional Services and Wealth Management segment.

Net income for the Institutional Services and Wealth Management segment decreased $7 million in the recent quarter from $128 million in the year-earlier first quarter. 

•Net interest income decreased $15 million predominantly due to an 86 basis-point narrowing of the net interest margin on deposits.

•Noninterest income increased $18 million reflecting higher sales and fund management fees from its global capital markets business and increased fee income from its Wealth Management business, reflecting comparatively favorable market performance in the recent quarter.

•Noninterest expense increased $10 million reflecting a rise in salaries and employee benefits expense and centrally-allocated costs associated with data processing, risk management, and other support services provided to the Institutional Services and Wealth Management segment. 

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All Other

The "All Other" category reflects other activities of the Company that are not directly attributable to the reported segments. Reflected in this category are the difference between the provision for credit losses and the calculated provision allocated to the reportable segments; goodwill and core deposit and other intangible assets resulting