Company: MTB-PJ
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000036270-25-000011
Chunk: 249

Company: M&T BANK CORP
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 2
Chunk 249
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First lien home equity loans and lines of credit:New York$755 $14 1.79 %Mid-Atlantic (b)876 17 1.96 New England (c)422 4 .95 Other18 3 16.02 Total$2,071 $38 1.82 %Junior lien home equity loans and lines of credit:New York$864 $16 1.87 %Mid-Atlantic (b)1,037 16 1.55 New England (c)634 5 .74 Other28 — .53 Total$2,563 $37 1.45 %__________________________________________________________________________________

(a)Includes $731 million of limited documentation first lien mortgage loans with nonaccrual loan balances totaling $51 million.

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

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

Factors that influence the Company’s credit loss experience include overall economic conditions affecting businesses and consumers, generally, but also residential and commercial real estate valuations, in particular, given the size of the Company’s real estate loan portfolios. Commercial real estate valuations can be highly subjective, as they are based upon many assumptions. Such valuations can be significantly affected over relatively short periods of time by changes in business climate, economic conditions, interest rates and, in many cases, the results of operations of businesses and other occupants of the real property. Similarly, residential real estate valuations can be impacted by housing trends, the availability of financing at reasonable interest rates and general economic conditions affecting consumers.

Consumer loans not secured by residential real estate are generally charged-off when the loans are 91 to 180 days past due, depending on whether the loan is collateralized and the status of repossession activities with respect to such collateral. A comparative summary of consumer loans in nonaccrual status by product is presented in the following table.

NONACCRUAL CONSUMER LOANS

June 30, 2025December 31, 2024(Dollars in millions)Nonaccrual LoansPercent of Outstanding BalancesNonaccrual LoansPercent of Outstanding BalancesHome equity lines and loans$75 1.61 %$81 1.77 %Recreational finance25 .18 31 .25 Automobile9 .18 12 .25 Other