Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 201

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 8
Chunk 201
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407 Time deposits356 13,154 44612 14,166 Total$45,836 $90,004 $18,764 $7,846 $162,450 Nine Months Ended September 30, 2024Noninterest-bearing deposits             $12,648 $25,055 $9,094 $701 $47,498 Savings and interest-checking deposits30,532 51,553 7,769 6,525 96,379 Time deposits375 15,012 40 3,711 19,138 Total$43,555 $91,620 $16,903 $10,937 $163,015 

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Funding activities - borrowings

The following table summarizes the average balances utilized from the Company's short-term and long-term borrowing facilities and note programs.

AVERAGE BORROWINGS

Three Months EndedNine Months Ended(Dollars in millions)September 30,2025June 30,2025September 30,2025September 30,2024Short-term borrowings:Federal funds purchased and repurchase agreements$83 $199 $122 $272 FHLB advances2,761 3,128 2,891 4,799 Total short-term borrowings2,844 3,327 3,013 5,071 Long-term borrowings:Senior notes9,332 8,066 8,515 6,866 FHLB advances3 4 224 1,778 Subordinated notes1,012 500 672 862 Junior subordinated debentures400 402 404 541 Asset-backed notes2,032 1,954 1,850 830 Other10 10 10 10 Total long-term borrowings12,789 10,936 11,675 10,887 Total borrowings$15,633 $14,263 $14,688 $15,958 

The Company uses borrowing capacity from banks, the FHLBs, the FRB of New York and others as sources of funding. Short-term borrowings represent arrangements that at the time they were entered into had a contractual maturity of one year or less. Average short-term borrowings in the third quarter of 2025 as compared with the second quarter of 2025, as well as for the nine months ended