Company: MTB-PJ
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000036270-25-000011
Chunk: 162

Company: M&T BANK CORP
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 8
Chunk 162
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 comprehensive income (loss)287 220 (4)5 508 (129)379 Balance — June 30, 2025$82 $85 $127 $(5)$289 $(74)$215         Balance — January 1, 2024$(251)$(203)$(155)$(7)$(616)$157 $(459)Other comprehensive income (loss) before reclassifications:    Unrealized holding losses, net(1)— — — (1)— (1)Unrealized losses on cash flow hedges— (313)— — (313)78 (235)Other— — — (2)(2)— (2)Total other comprehensive income (loss) before reclassifications(1)(313)— (2)(316)78 (238)Amounts reclassified from accumulated other comprehensive income (loss) that (increase) decrease net income:    Net losses realized in net income13 — — — 13 (4)9 Net yield adjustment from cash flow hedges currently in effect— 186 — — 186 (a)(46)140 Amortization of prior service credit— — (1)— (1)(b)— (1)Amortization of actuarial gains— — (2)— (2)(b)— (2)Total other comprehensive income (loss)12 (127)(3)(2)(120)28 (92)Balance — June 30, 2024$(239)$(330)$(158)$(9)$(736)$185 $(551)__________________________________________________________________________________(a)Included in Interest income in the Company's Consolidated Statement of Income.(b)Included in Other costs of operations in the Company's Consolidated Statement of Income. Accumulated other comprehensive income (loss), net consisted of the following:(Dollars in millions)Investment Securities Cash Flow HedgesDefined Benefit PlansOtherTotal Balance — December 31, 2024$(153)$(101)$98 $(8)$(164)Net gain (loss) during period214 164 (3)4 379 Balance — June 30, 2025$61 $63 $95 $(4)$215 

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11. Derivative financial instruments

As part of managing interest rate risk, the Company enters into interest rate