Company: MTB-PJ
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000036270-25-000011
Chunk: 91

Company: M&T BANK CORP
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 91
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 M&T's investment in BLG in the first half of 2024.

Other Expense

The components of other expense are presented in the accompanying table.

OTHER EXPENSE

Three Months EndedChangeSix Months EndedChange(Dollars in millions)June 30,2025March 31,2025Amount%June 30,2025June 30,2024Amount%Salaries and employee benefits$813 $887 $(74)-8 %$1,700 $1,597 $103 6 %Equipment and net occupancy130 132 (2)-2 262 254 8 3 Outside data processing and software138 136 2 1 274 244 30 12 Professional and other services86 84 2 4 170 176 (6)-3 FDIC assessments22 23 (1)-7 45 97 (52)-53 Advertising and marketing25 22 3 14 47 47 — -1 Amortization of core deposit and other    intangible assets9 13 (4)-27 22 28 (6)-18 Other costs of operations113 118 (5)-5 231 250 (19)-8 Total other expense$1,336 $1,415 $(79)-6 %$2,751 $2,693 $58 2 %

Salaries and employee benefits

FULL-TIME EQUIVALENT EMPLOYEES

Three Months EndedJune 30, 2025March 31, 2025December 31, 2024June 30, 2024Average full-time equivalent employees22,39522,23522,06721,952Full-time equivalent employees at period end22,59022,29122,10122,110

Salaries and employee benefits expense decreased $74 million in the recent quarter as compared with the first quarter of 2025 reflecting seasonally higher stock-based compensation, payroll-related taxes and other employee benefits expense in the first quarter of 2025, partially offset by the full-quarter impact of annual merit increases awarded in the first quarter of 2025, an additional working day in the recent quarter and higher staffing levels.

Salaries and employee benefits expense increased $103 million in the six months ended June 30, 2025 as compared with the year-earlier period reflecting higher salaries expense from annual merit and other