Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 140

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 8
Chunk 140
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— Other54 — 54 52 — Total$1,232 $1,070 $2,302 $2,166 $13 

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3. Loans and leases and allowance for credit losses, continued

Loan modificationsDuring the normal course of business, the Company modifies loans to maximize recovery efforts from borrowers experiencing financial difficulty. Such loan modifications typically include extensions of maturity dates but may also include other modified terms. Those modified loans may be considered nonaccrual if the Company does not expect to collect the contractual cash flows owed under the loan agreement. The table that follows summarizes the Company’s loan modification activities to borrowers experiencing financial difficulty for the three-month periods ended March 31, 2025 and 2024:  Amortized Cost(Dollars in millions)Term ExtensionOther (a)Combination of Modification Types (b)Total (c) (d)Percent of Total Loan ClassThree Months Ended March 31, 2025Commercial and industrial$35 $2 $74 $111 .18 %Real estate:Commercial131 — — 131 .65 Residential builder and developer— — — — — Other commercial construction225 — — 225 4.53 Residential40 3 7 50 .22 Consumer:Home equity lines and loans— — — — — Recreational finance— — — — — Automobile— — — — — Other— — — — — Total$431 $5 $81 $517 .38 %Three Months Ended March 31, 2024Commercial and industrial$139 $45 $— $184 .32 %Real estate:Commercial267 — 3 270 1.07 Residential builder and developer2 — — 2 .18 Other commercial construction131 — — 131 2.11 Residential45 5 1 51 .22 Consumer:Home equity lines and loans— — — — — Recreational finance— — — — — Automobile— — — — — Other— — — — — Total$584 $50 $4 $638 .47 %