Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 220

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 8
Chunk 220
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 $20 million distribution from M&T's investment in BLG and a $12 million gain on the sale of equipment leases each in the recent quarter, partially offset by gains on the sales of an out-of-footprint loan portfolio of $15 million and a subsidiary that specialized in institutional services of $10 million each in the second quarter of 2025.

In addition to the items noted in the previous paragraph, higher other revenues from operations in the first nine months of 2025 as compared with the first nine months of 2024 reflected increases in letter of credit and other credit-related fees, including higher loan syndication fees, and a rise in merchant discount and credit card interchange revenues.

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Other Expense

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

OTHER EXPENSE

Three Months EndedChangeNine Months EndedChange(Dollars in millions)September 30,2025June 30,2025Amount%September 30,2025September 30,2024Amount%Salaries and employee benefits$833 $813 $20 2 %$2,533 $2,372 $161 7 %Equipment and net occupancy129 130 (1)— 391 379 12 3 Outside data processing and software138 138 — — 412 367 45 12 Professional and other services81 86 (5)-7 251 264 (13)-5 FDIC assessments13 22 (9)-41 58 122 (64)-53 Advertising and marketing23 25 (2)-8 70 74 (4)-6 Amortization of core deposit and other    intangible assets10 9 1 — 32 40 (8)-20 Other costs of operations136 113 23 21 367 378 (11)-3 Total other expense$1,363 $1,336 $27 2 %$4,114 $3,996 $118 3 %

Salaries and employee benefits

Quarterly trends in full-time equivalent employees are presented in the following table.

FULL-TIME EQUIVALENT EMPLOYEES

Three Months EndedSeptember 30, 2025June 30, 2025December 31, 2024September 30, 2024Average full-time equivalent employees22,55422,39522,06722,073Full-time equivalent