Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 33

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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— — 2 Recreational finance— — — — Automobile— — — — Other— — — — Total$1,693 $121 $64 $1,878 __________________________________________________________________________________(a) As of respective period end.(b)        Predominantly loan modifications with term extensions.(c)        Includes loans guaranteed by government-related entities classified as 30 to 89 days past due of $29 million and $30 million and as past due 90 days or more of $34 million and $27 million at March 31, 2025 and 2024, respectively.

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4. Borrowings

(Dollars in millions)March 31, 2025December 31, 2024Short-term borrowingsRepurchase agreements$73 $60 Advances from FHLB1,500 1,000 Total short-term borrowings$1,573 $1,060 Long-term borrowingsSenior notes — M&T$4,796 $4,710 Senior notes — M&T Bank2,996 3,745 Advances from FHLB4 2,004 Subordinated notes — M&T Bank481 474 Junior subordinated debentures — M&T (a)402 433 Asset-backed notes (a)1,807 1,229 Other10 10 Total long-term borrowings$10,496 $12,605 __________________________________________________________________________________(a) Further information about Junior Subordinated Debentures and asset-backed note financing transactions is provided in note 11.M&T Bank had secured borrowing facilities available with the FHLB of New York and the FRB of New York totaling approximately $18.6 billion and $24.7 billion, respectively, at March 31, 2025. M&T Bank is required to pledge loans and investment securities as collateral for these borrowing facilities and could increase the availability under such facilities by pledging additional assets.

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5. Shareholders' equity

M&T is authorized to issue 20,000,000 shares of preferred stock with a $1.00 par value per share. Preferred shares outstanding rank senior to common shares both as to dividends and liquidation preference, but have no general voting rights. Notwithstanding M&T’s option to redeem the shares, if an event occurs such that the shares no longer qualify as Tier 1 capital, M&T may