Company: MTB-PJ
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006267
Chunk: 158

Company: M&T BANK CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 158
---
-backed securities (c):Government issued or guaranteed:Carrying value$418 $1,932 $3,743 $4,714 $10,807 Yield3.14 %3.18 %3.27 %3.16 %3.20 %Privately issued:Carrying value$3 $11 $14 $9 $37 Yield8.17 %8.17 %8.17 %7.80 %8.08 %State and political subdivisions:Carrying value$28 $194 $1,491 $622 $2,335 Yield2.62 %2.93 %3.69 %4.30 %3.78 %Other:Carrying value$— $— $— $1 $1 Yield— %— %— %5.95 %5.95 %Total investment securities held to maturity:Carrying value$1,023 $2,578 $5,248 $5,346 $14,195 Yield2.77 %3.08 %3.40 %3.30 %3.26 %Total debt investment securities:Carrying value$4,362 $11,639 $7,004 $10,039 $33,044 Yield3.23 %4.07 %3.70 %3.98 %3.85 %

__________________________________________________________________________________ 

(a)Weighted-average yields represent the current yield, including amortization of premiums and accretion of discounts, and are based on amortized cost. Yields on tax-exempt securities are calculated on a taxable-equivalent basis using a composite income tax rate of approximately 25%. 

(b)Investment securities available for sale are presented at estimated fair value. 

(c)Maturities are based upon contractual payments due. Actual maturities are expected to be significantly shorter as a result of loan repayments in the underlying mortgage pools.

92

Table 35 provides the maturity schedule of loans and leases as of December 31, 2024. 

Table 35

MATURITY DISTRIBUTION OF LOANS AND LEASES (a)

December 31, 2024(Dollars in millions)Demand20252026 - 20292030 - 2039After