Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 196

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 8
Chunk 196
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$136,527 $135,407 1 %$135,598 $134,379 1 %

Average loans totaled $136.5 billion in the third quarter of 2025, up $1.1 billion from the second quarter of 2025. 

•Average commercial and industrial loans grew $680 million reflecting growth in loans to the financial and insurance industry. Loans to that industry include credit facilities to investment funds, mortgage lenders, real estate investment trusts and corporate and institutional borrowers.

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•Commercial real estate loans decreased $980 million, reflecting a reduction of $1.1 billion of average construction commercial real estate loans, partially offset by a modest increase of average permanent commercial real estate loans. Contributing to the decline in average commercial real estate construction loans were payoffs and the full quarter impact of the sale of $661 million of out-of-footprint residential builder and developer loans in June 2025.

•Average residential real estate loans increased $675 million reflecting the retention of originated residential mortgage loans and purchases.

•Average consumer loans increased $745 million reflecting higher average balances of recreational finance loans of $663 million and home equity loans and lines of credit of $76 million.

In the first nine months of 2025, average loans 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