Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 254

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 2
Chunk 254
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Total net income$584 $681 $(97)-14 %$584 $531 $53 10 %

Commercial Bank

The Commercial Bank segment provides a wide range of credit products and banking services to middle-market and large commercial customers, mainly within the markets served by the Company. Services provided by this segment include commercial lending and leasing, credit facilities secured by various types of commercial real estate, letters of credit, deposit products and cash management services. Commercial real estate loans may be secured by multifamily residential buildings, hotels, office, retail and industrial space or other types of collateral. Activities of this segment include the origination, sales and servicing of commercial real estate loans through the Fannie Mae DUS program and other programs. Commercial real estate loans held for sale are included in this segment.

COMMERCIAL BANK SEGMENT FINANCIAL SUMMARY

Three Months EndedChangeThree Months EndedChange(Dollars in millions)March 31, 2025December 31, 2024Amount%March 31, 2025March 31, 2024Amount%Income StatementNet interest income$529 $560 $(31)-5 %$529 $548 $(19)-3 %Noninterest income173 185 (12)-7 173 151 22 14 Total revenue702 745 (43)-6 702 699 3 — Provision for credit losses36 73 (37)-51 36 77 (41)-54 Noninterest expense351 362 (11)-3 351 345 6 2 Income before taxes315 310 5 2 315 277 38 14 Income taxes84 84 — 1 84 76 8 11 Net income$231 $226 $5 3 %$231 $201 $30 15 %Average Balance SheetLoans and leases:Commercial and industrial$53,567 $53,332 $235 — %$53,567 $49,048 $4,519 9 %Commercial real estate24,555 26,124 (1,569)-6 24,555 30,747 (6,192)-20 Residential real estate396 421 (25)-6 396 447 (51)-12 Consumer18 14 4 28 18 25 (7)-27