Company: MTB-PJ
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000036270-25-000011
Chunk: 234

Company: M&T BANK CORP
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 2
Chunk 234
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 first half of 2024. Average brokered time deposits decreased $3.8 billion in the first half of 2025, reflecting maturities. The Company's brokered savings and interest-bearing transaction accounts increased to $10.0 billion in the six months ended June 30, 2025 from $8.1 billion in the similar 2024 period, reflecting changes in the Company's wholesale funding strategy. 

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The accompanying table summarizes the components of average total deposits by reportable segment for the three months ended June 30, 2025 and March 31, 2025 and the six months ended June 30, 2025 and 2024.

AVERAGE DEPOSITS BY REPORTABLE SEGMENT

(Dollars in millions)Commercial BankRetail BankInstitutional Services and Wealth ManagementAll OtherTotalThree Months Ended June 30, 2025Noninterest-bearing deposits             $11,337 $24,449 $8,868 $499 $45,153 Savings and interest-checking deposits34,310 52,836 10,268 6,549 103,963 Time deposits348 13,329 43 570 14,290 Total$45,995 $90,614 $19,179 $7,618 $163,406 Three Months Ended March 31, 2025Noninterest-bearing deposits             $11,304 $24,220 $9,370 $542 $45,436 Savings and interest-checking deposits33,808 51,685 9,157 6,914 101,564 Time deposits365 13,035 40 780 14,220 Total$45,477 $88,940 $18,567 $8,236 $161,220 Six Months Ended June 30, 2025Noninterest-bearing deposits$11,320 $24,335 $9,118 $521 $45,294 Savings and interest-checking deposits34,06152,264 9,7156,730 102,770 Time deposits357 13,182 41675 14,255 Total$45,738 $89,781 $18,874 $7,926 $162,319 Six Months Ended June 30, 2024Noninterest-bearing deposits             $12,991 $25