Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 259

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 2
Chunk 259
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STITUTIONAL SERVICES & WEALTH MANAGEMENT SEGMENT FINANCIAL SUMMARY

Three Months EndedChangeThree Months EndedChange(Dollars in millions)March 31, 2025December 31, 2024Amount%March 31, 2025March 31, 2024Amount%Income StatementNet interest income$171 $183 $(12)-6 %$171 $186 $(15)-8 %Noninterest income209 207 2 1 209 191 18 10 Total revenue380 390 (10)-2 380 377 3 1 Provision for credit losses3 — 3 100 3 — 3 100 Noninterest expense215 221 (6)-2 215 205 10 5 Income before taxes162 169 (7)-4 162 172 (10)-6 Income taxes41 43 (2)-6 41 44 (3)-7 Net income$121 $126 $(5)-4 %$121 $128 $(7)-5 %Average Balance SheetLoans and leases:Commercial and industrial$889 $771 $118 15 %$889 $783 $106 14 %Commercial 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 202