Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 28

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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986 $211 $50 $1,247 __________________________________________________________________________________(a) At the respective period end.(b)        Loan modifications predominantly comprised of payment deferrals, term extensions or term extensions combined with payment deferrals.(c)        Includes loans guaranteed by government-related entities classified as 30 to 89 days past due of $37 million and $39 million and as past due 90 days or more of $41 million and $34 million at September 30, 2025 and 2024, respectively.

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5. Borrowings

The following table summarizes the Company's short-term and long-term borrowings at September 30, 2025 and December 31, 2024.(Dollars in millions)September 30, 2025December 31, 2024Short-term borrowingsRepurchase agreements$59 $60 Advances from FHLB2,000 1,000 Total short-term borrowings$2,059 $1,060 Long-term borrowingsSenior notes — M&T$5,605 $4,710 Senior notes — M&T Bank3,745 3,745 Advances from FHLB3 2,004 Subordinated notes — M&T747 — Subordinated notes — M&T Bank487 474 Junior subordinated debentures — M&T (a)402 433 Asset-backed notes (a)1,929 1,229 Other10 10 Total long-term borrowings$12,928 $12,605 __________________________________________________________________________________(a) Further information about Junior Subordinated Debentures and asset-backed note financing transactions is provided in note 12.In July 2025, M&T issued $750 million of subordinated notes that mature in July 2035 and pay a 5.40% fixed rate semi-annually until July 2030 after which, unless redeemed by M&T at that time, the fixed rate will reset to the U.S. Treasury rate for a five year term plus 1.43% until maturity. In June 2025, M&T issued $750 million of senior notes that mature in July 2031 and pay a 5.179% fixed rate semi-annually until July 2030 after which SOFR plus 1.40% will be paid quarterly until maturity. Also in June 2025, M&T Bank issued $750 million of senior notes that mature in July 202