Company: MTB-PJ
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006267
Chunk: 172

Company: M&T BANK CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 172
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 funds from noninterest-bearing accounts to interest-bearing products amidst an elevated interest rate environment.

102

Retail Bank

Table 45

RETAIL BANK SEGMENT FINANCIAL SUMMARY

Change from2023 to 20242022 to 2023(Dollars in millions)202420232022Amount%Amount%Income StatementNet interest income$4,288 $4,352 $3,008 $(64)-1 %$1,344 45 %Noninterest income810 762 703 48 6 59 9 Total revenue5,098 5,114 3,711 (16)— 1,403 38 Provision for credit losses288 173 101 115 67 72 72 Noninterest expense2,499 2,457 2,207 42 2 250 11 Income before taxes2,311 2,484 1,403 (173)-7 1,081 77 Income taxes595 646 364 (51)-8 282 78 Net income$1,716 $1,838 $1,039 $(122)-7 %$799 77 %Average Balance SheetLoans and leases:Commercial and industrial$6,810 $6,779 $6,921 $31 — %$(142)-2 %Commercial real estate1,827 1,901 1,540 (74)-4 361 23 Residential real estate20,587 21,439 19,225 (852)-4 2,214 12 Consumer21,738 19,546 18,697 2,192 11 849 5 Total loans and leases$50,962 $49,665 $46,383 $1,297 3 %$3,282 7 %Deposits:Noninterest-bearing$24,938 $28,399 $30,274 $(3,461)-12 %$(1,875)-6 %Interest-bearing66,338 63,067 60,581 3,271 5 2,486 4 Total deposits$91,276 $91,466 $90,855 $(190)— %$611 1 %

Net income for the Retail Bank segment was $1.72 billion in 2024, a decrease of