Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 113

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 113
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 from the acquisitions of financial institutions; merger-related gains and expenses related to acquisitions; the net impact of the Company’s internal funds transfer pricing methodology; eliminations of transactions between reportable segments; certain non-recurring transactions; and the residual effects of unallocated support systems and general and administrative expenses. The Company’s investment securities portfolio, brokered deposits and short-term and long-term borrowings are generally included in the "All Other" category. In its management of interest rate risk, the Company utilizes interest rate swap agreements to modify the repricing characteristics of certain portfolios of earning assets and interest-bearing liabilities. The results of such activities are captured in the "All Other" category.

ALL OTHER CATEGORY FINANCIAL SUMMARY

Three Months EndedChangeThree Months EndedChange(Dollars in millions)March 31, 2025December 31, 2024Amount%March 31, 2025March 31, 2024Amount%Income StatementNet interest income (expense)$23 $(55)$78 — %$23 $(125)$148 — %Noninterest income21 61 (40)-64 21 41 (20)-47 Total revenue (expense)44 6 38 — 44 (84)128 — Provision for credit losses12 (19)31 — 12 55 (43)-77 Noninterest expense213 96 117 123 213 247 (34)-14 Loss before taxes(181)(71)(110)-156 (181)(386)205 53 Income taxes(66)(48)(18)-38 (66)(142)76 53 Net loss$(115)$(23)$(92)-399 %$(115)$(244)$129 53 %

The “All Other” category recorded a net loss in the first quarter of 2025 of $115 million, compared with a net loss of $23 million in the fourth quarter of 2024. 

•Net interest income increased $78 million due to the favorable impact from the Company’s allocation methodologies for internal transfers related to funding charges and credits associated with earning assets and interest-bearing liabilities of the Company’s reportable segments and lower net interest expense from interest rate swap agreements entered into for interest rate risk management purposes.

•Noninterest income decreased $40 million reflecting lower distributions from M&T's investment in BLG of $23 million and a net gain on bank investment securities of $18 million in the fourth