Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 32

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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 75 — 130 Other31 22 6 59 $226 $375 $636 $1,237 Nine Months Ended September 30, 2024Classification in Consolidated Statement of IncomeService charges on deposit accounts$120 $263 $— $383 Trust income3 — 497 500 Brokerage services income5 — 86 91 Other revenues from operations:Merchant discount and credit card interchange fees54 67 — 121 Other23 23 8 54 $205 $353 $591 $1,149 

8. Pension plans and other postretirement benefitsThe Company provides defined pension and other postretirement benefits (including health care and life insurance benefits) to qualified retired employees. Net periodic benefit for defined benefit plans consisted of the following:Pension Benefits Other Postretirement Benefits Three Months Ended September 30,(Dollars in millions)2025202420252024Service cost$2 $3 $— $— Interest cost on projected benefit obligation27 28 1 1 Expected return on plan assets(46)(50)— — Amortization of prior service credit— — (1)(1)Amortization of net actuarial gain(1)— — (1)Net periodic benefit$(18)$(19)$— $(1)Pension Benefits Other Postretirement Benefits Nine Months Ended September 30,(Dollars in millions)2025202420252024Service cost$6 $8 $1 $1 Interest cost on projected benefit obligation81 86 2 2 Expected return on plan assets(139)(151)— — Amortization of prior service credit— — (2)(2)Amortization of net actuarial gain(2)(1)(2)(2)Net periodic benefit$(54)$(58)$(1)$(1)Service cost is included in Salaries and employee benefits and the other components of net periodic benefit cost are included in Other costs of operations in the Company's Consolidated Statement of Income. Expenses incurred in connection with the Company's defined contribution pension and retirement savings plans totaled $38 million and $39 million for the three months ended September 30, 2025 and 2024, respectively, and $128 million and $124 million for the nine months ended September 30, 2025 and 2024,