Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 211

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 2
Chunk 211
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Lending activities

The Company's lending activities reflect a portfolio composition shift as the Company executed various strategies to reduce its relative concentration of commercial real estate loans throughout 2024. The following table summarizes changes in the components of average loans and leases.

AVERAGE LOANS AND LEASES

Three Months EndedThree Months Ended(Dollars in millions)March 31, 2025December 31, 2024Percentage ChangeMarch 31, 2025March 31, 2024Percentage ChangeCommercial and industrial$61,056 $60,704 1 %$61,056 $56,821 7 %Commercial real estate26,259 27,896 -6 26,259 32,696 -20 Residential real estate23,176 23,088 — 23,176 23,136 — Consumer:Home equity lines and loans4,565 4,583 — 4,565 4,597 -1 Recreational finance12,684 12,503 1 12,684 10,306 23 Automobile4,896 4,793 2 4,896 4,177 17 Other2,208 2,156 2 2,208 2,063 7 Total consumer24,353 24,035 1 24,353 21,143 15 Total$134,844 $135,723 -1 %$134,844 $133,796 1 %

Average loans and leases totaled $134.8 billion in the first quarter of 2025, down $879 million or 1% from the fourth quarter of 2024. 

•Average commercial and industrial loans and leases were $61.1 billion in the recent quarter, up $352 million from the fourth quarter of 2024, reflecting continued growth in loans to customers in the financial and insurance industry. Borrowers in the financial and insurance industry include real estate investment trusts and other specialty lending businesses including fund banking companies and mortgage warehouse lending businesses.

•Commercial real estate loans averaged $26.3 billion in the first quarter of 2025, down $1.6 billion from the fourth quarter of 2024, reflecting decreases of $1.3 billion and $294 million of average permanent and construction commercial real estate loans, respectively. Higher payoffs and increased market competition resulted in lower average commercial real