Company: MTB-PJ
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000036270-25-000011
Chunk: 276

Company: M&T BANK CORP
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 2
Chunk 276
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 network and several other delivery channels such as telephone banking, internet banking and ATMs. The Company has domestic banking offices primarily in the Northeastern and Mid-Atlantic regions of the U.S. including the District of Columbia. The segment offers to its customers deposit products, including demand, savings and time accounts, and other services. Credit services offered by this segment include automobile and recreational finance loans (primarily originated indirectly through dealers), home equity loans and lines of credit, credit cards and other loan products. This segment also originates and services residential mortgage loans and either sells those loans in the secondary market to investors or retains them for investment purposes. Residential mortgage loans are also originated and serviced on behalf of the Institutional Services and Wealth Management segment. The Company periodically purchases the rights to service residential real estate loans that have been originated by other entities and also sub-services residential real estate loans for others. Residential real estate loans held for sale are included in this segment. This segment also provides various business loans, including loans guaranteed by the Small Business Administration, business credit cards, deposit products and services such as cash management, payroll and direct deposit, merchant credit card and letters of credit to small businesses and professionals through the Company's branch network and other delivery channels.

RETAIL BANK SEGMENT FINANCIAL SUMMARY

Three Months EndedChangeSix Months EndedChange(Dollars in millions)June 30, 2025March 31, 2025Amount%June 30, 2025June 30, 2024Amount%Income StatementNet interest income$988 $972 $16 2 %$1,960 $2,161 $(201)-9 %Noninterest income234 208 26 13 442 401 41 10 Total revenue1,222 1,180 42 4 2,402 2,562 (160)-6 Provision for credit losses71 79 (8)-10 150 128 22 17 Noninterest expense648 636 12 2 1,284 1,198 86 7 Income before taxes503 465 38 8 968 1,236 (268)-22 Income taxes128 118 10 8 246 318 (72)-23 Net income$375 $347 $28 8 %$722 $918 $(196)-21 %Average Balance SheetLoans:Commercial and industrial$6,236 $6,416