Company: MTB-PJ
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006267
Chunk: 132

Company: M&T BANK CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 132
---
, partially offset by commercial and industrial and consumer loan growth.

A summary of the Company’s loan charge-offs, provision and allowance for credit losses is presented in Tables 17 and 23, and in note 4 of Notes to Financial Statements.

Table 17

LOAN CHARGE-OFFS, PROVISION AND ALLOWANCE FOR CREDIT LOSSES 

(Dollars in millions)202420232022Allowance for credit losses beginning balance$2,129 $1,925 $1,469 Charge-offs:Commercial and industrial316 132 119 Commercial real estate134 253 60 Residential real estate6 10 12 Consumer257 175 112 Total charge-offs713 570 303 Recoveries:Commercial and industrial36 52 60 Commercial real estate58 12 23 Residential real estate6 7 10 Consumer58 58 50 Total recoveries158 129 143 Net charge-offs (a)555 441 160 Allowance on acquired PCD loans— — 99 Provision for credit losses (b)610 645 517 Allowance for credit losses ending balance$2,184 $2,129 $1,925 Net charge-offs as a percent of:Provision for credit losses90.98 %68.45 %30.93 %Average loans and leases.41 .33 .13 Allowance for credit losses as a percent of:Loans and leases, at year-end1.61 1.59 1.46 Nonaccrual loans, at year-end129.24 98.28 78.96 

__________________________________________________________________________________

(a)For the year ended December 31, 2022 net charge-offs do not reflect $33 million of charge-offs related to PCD loans acquired on April 1, 2022.

(b)For the year ended December 31, 2022 provision for credit losses includes $242 million related to non-PCD acquired loans recorded on April 1, 2022.

72

Asset quality 

A summary of nonperforming assets and certain past due loan data and credit quality ratios is presented in Table 18.

Table 18

NONPERFORMING ASSET AND PAST DUE LOAN DATA

December 31,(Dollars in millions)202420232022Nonaccrual loans$1,690 $2,166