Company: MTB-PJ
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000036270-25-000011
Chunk: 111

Company: M&T BANK CORP
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 111
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 30, 2025March 31, 2025Amount%June 30, 2025June 30, 2024Amount%Income StatementNet interest income$166 $171 $(5)-3 %$337 $380 $(43)-11 %Noninterest income225 209 16 7 434 398 36 9 Total revenue391 380 11 3 771 778 (7)-1 Provision for credit losses2 3 (1)11 5 3 2 103 Noninterest expense217 215 2 1 432 408 24 6 Income before taxes172 162 10 5 334 367 (33)-9 Income taxes44 41 3 5 85 95 (10)-11 Net income$128 $121 $7 5 %$249 $272 $(23)-8 %Average Balance SheetLoans:Commercial and industrial$989 $889 $100 11 %$939 $755 $184 24 %Commercial real estate31 31 — — 31 43 (12)-28 Residential real estate2,290 2,210 80 4 2,250 1,893 357 19 Consumer793 799 (6)-1 795 727 68 10 Total loans$4,103 $3,929 $174 4 %$4,015 $3,418 $597 18 %Deposits:Noninterest-bearing$8,868 $9,370 $(502)-5 %$9,118 $9,211 $(93)-1 %Interest-bearing10,311 9,197 1,114 12 9,756 7,553 2,203 29 Total deposits$19,179 $18,567 $612 3 %$18,874 $16,764 $2,110 13 %

The Institutional Services and Wealth Management segment’s net income increased $7 million to $128 million in the second quarter of 2025 from $121 million in the first quarter of 2025.

•Net interest income declined $5 million predominantly due to a 27 basis-point narrowing of the net interest margin on deposits.

•Noninterest income increased $