Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 107

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 1
Chunk 107
---
Noninterest expense increased $18 million reflecting higher personnel-related expenses and outside data processing and software costs.

•Average loans decreased $2.2 billion reflecting a reduction in average commercial real estate loans, partially offset by higher average commercial and industrial loans reflecting growth in loans to financial and insurance companies and motor vehicle and recreational finance dealers.

•Average deposits grew $2.3 billion reflecting growth in average savings and interest-checking deposits, partially offset by a decline in average noninterest-bearing deposits.

Retail Bank

The Retail Bank segment provides a wide range of services to consumers and small businesses through the Company’s branch network and several other delivery channels such as telephone banking, internet banking and ATMs. The Company has domestic banking offices primarily in the Northeastern and Mid-Atlantic regions of the U.S. including the District of Columbia. The segment offers to its customers deposit products, including demand, savings and time accounts, and other services. Credit services offered by this segment include automobile and recreational finance loans (primarily originated indirectly through dealers), home equity loans and lines of credit, credit cards and other loan products. This segment also originates and services residential mortgage loans and either sells those loans in the secondary market to investors or retains them for investment purposes. Residential mortgage loans are also originated and serviced on behalf of the Institutional Services and Wealth Management segment. The Company periodically purchases the rights to service residential real estate loans that have been originated by other entities and also sub-services residential real estate loans for others. Residential real estate loans held for sale are included in this segment. This segment also provides various business loans, including loans guaranteed by the Small Business Administration, business credit cards, deposit products and services such as cash management, payroll and direct deposit, merchant credit card and letters of credit to small businesses and professionals through the Company's branch network and other delivery channels.

- 76 -

RETAIL BANK SEGMENT FINANCIAL SUMMARY

Three Months EndedChangeNine Months EndedChange(Dollars in millions)September 30, 2025June 30, 2025Amount%September 30, 2025September 30, 2024Amount%Income StatementNet interest income$999 $988 $11 1 %$2,959 $3,248 $(289)-9 %Noninterest income249 234 15 6 691 606 85 14 Total revenue1,248 1,222 26 2 3,650 3,854 (204)-5 Provision for credit losses70