Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 109

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 1
Chunk 109
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4 billion reflecting higher average consumer loans, due to recreational finance and automobile loan growth, and a rise in average residential real estate loans resulting from the retention of originated residential mortgage loans and purchases.

•Average deposits reflect a modest decline in the recent quarter.

Net income for the Retail Bank segment decreased $266 million in the first nine months of 2025 as compared with the similar 2024 period.

•Net interest income declined $289 million reflecting a narrowing of the net interest margin on deposits of 44 basis points and lower average balances of those deposits of $1.6 billion, partially offset by a widening of the net interest margin on loans of 4 basis points and higher average balances of those loans of $2.8 billion.

•Noninterest income increased $85 million reflecting higher residential mortgage loan sub-servicing revenues related to the arrangement effective February 2025 whereby the Company began sub-servicing $51.7 billion of additional residential mortgage loans with contractual servicing rights held by Bayview Financial, and an increase in service charges on retail deposit accounts.

•The provision for credit losses rose $18 million reflecting higher net charge-offs of indirect consumer loans.

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•Noninterest expense increased $145 million due to higher centrally-allocated costs associated with data processing, risk management and other support services provided to the Retail Bank segment of $117 million and a rise in personnel-related costs of $24 million.

•Average loans rose $2.8 billion reflecting recreational finance and automobile average loan growth.

•Lower average deposits reflect the maturity of customer time deposit accounts and lower noninterest-bearing deposits, partially offset by growth in average savings and interest-checking deposits.

Institutional Services & Wealth Management

The Institutional Services and Wealth Management segment provides a variety of trustee, agency, investment management and administrative services for corporations and institutions, investment bankers, corporate tax, finance and legal executives, and other institutional clients, as well as personal trust, planning and advisory, fiduciary, asset management, family office, and other services designed to help high net worth individuals and families grow, preserve and transfer wealth. This segment also provides investment products, including mutual funds and annuities and other services to customers. 

INSTITUTIONAL SERVICES & WEALTH MANAGEMENT SEGMENT FINANCIAL SUMMARY

Three Months EndedChangeNine Months EndedChange(Dollars in millions)September 30, 2025June 30, 2025Amount%September 30, 2025September 30, 2024Amount%Income StatementNet interest income