Company: MTB-PJ
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006267
Chunk: 141

Company: M&T BANK CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 141
---
, the results of operations of businesses and other occupants of the real property. Similarly, residential real estate valuations can be impacted by housing trends, the availability of financing at reasonable interest rates and general economic conditions affecting consumers.

Consumer loans not secured by residential real estate are generally charged-off when the loans are 91 to 180 days past due, depending on whether the loan is collateralized and the status of repossession activities with respect to such collateral. A comparative summary of consumer loans in nonaccrual status by product is presented in Table 22. 

78

Table 22

NONACCRUAL CONSUMER LOANS

December 31,202420232022(Dollars in millions)Nonaccrual LoansPercent of Outstanding BalancesNonaccrual LoansPercent of Outstanding BalancesNonaccrual LoansPercent of Outstanding BalancesHome equity lines and loans$81 1.77 %$81 1.74 %$85 1.69 %Recreational finance31 .25 36 .35 45 .49 Automobile12 .25 14 .36 40 .88 Other55 2.49 52 2.55 49 2.43 Total$179 .74 %$183 .89 %$219 1.06 %

Net charge-offs of commercial and industrial loans and leases in 2024 increased $200 million from 2023, reflecting higher net charge-offs of loans to the manufacturing and service industries and recreational finance dealers, and equipment finance loans and leases. The lower level of net charge-offs of permanent commercial real estate loans in 2024 as compared with 2023 reflects net charge-offs of loans secured by office properties and health services facilities as well as loans to real estate development and management companies in 2023. Consumer loan net charge-offs increased in 2024 as compared with 2023 across major portfolio types, exclusive of home equity lines and loans. A summary of net charge-offs by loan type and as a percentage of such average loans is presented in Table 23.

Table 23

NET CHARGE-OFF (RECOVERY) INFORMATION

202420232022(Dollars in millions)Net Charge-Offs (Recoveries)Percent of Average LoansNet Charge-Offs (Recoveries) Percent of Average LoansNet Charge-Offs (Recoveries) Percent of Average LoansCommercial and industrial$280 .48 %$80