Company: MTB-PJ
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006267
Chunk: 118

Company: M&T BANK CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 118
---
 were $58.9 billion in 2024, up $4.6 billion from 2023, reflecting growth that spanned most industry types.

•Commercial real estate loans averaged $30.3 billion in 2024, down $4.2 billion from 2023, reflecting decreases of $3.0 billion in average permanent commercial real estate loans and $1.2 billion in average construction loans.

•Average consumer loans increased $2.1 billion from 2023 to $22.5 billion in 2024. That growth predominantly reflects an increase in average balances of recreational finance loans of $2.0 billion.

60

Table 7 presents the composition of the Company’s loan and lease portfolio at the end of 2024, including outstanding balances to businesses and consumers in New York State, the Mid-Atlantic area, the New England region and other states.

Table 7

LOANS AND LEASES

Percent of Dollars OutstandingDecember 31, 2024(Dollars in millions)OutstandingNewYorkMid-Atlantic (a)NewEngland (b)OtherCommercial and industrial$58,740 25 %33 %14 %28 %Real estate:Residential23,166 30 31 26 13 Commercial26,764 33 26 22 19 Total real estate49,930 31 29 24 16 Consumer:Home equity lines and loans4,592 35 41 23 1 Recreational finance12,564 8 15 6 71 Automobile4,794 24 48 7 21 Other secured or guaranteed750 28 41 9 22 Other unsecured1,470 35 53 9 3 Total consumer24,170 18 30 10 42 Total loans132,840 26 31 17 26 Commercial leases2,741 21 26 9 44 Total loans and leases$135,581 26 %31 %17 %26 %

__________________________________________________________________________________

(a)Includes Delaware, Maryland, New Jersey, Pennsylvania, Virginia, West Virginia and the District of Columbia.

(b)Includes Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont.

Commercial and industrial loans, including leases, totaled $61.5 billion at December 31, 2024, representing 45% of total loans. Owner-occupied loans secured by real estate included in