Company: MTB-PJ
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000036270-25-000011
Chunk: 9

Company: M&T BANK CORP
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 9
---
132 Investment securities held to maturity:U.S. Treasury 50 — 951 14 Mortgage-backed securities:Government issued or guaranteed:Commercial— — 1,877 157 Residential996 19 6,811 942 State and political subdivisions39 1 2,131 116 1,085 20 11,770 1,229 Total$10,051 $127 $16,013 $1,361 

- 12 -

3. Investment securities, continued

The Company owned 3,427 individual debt securities with aggregate gross unrealized losses of $1.1 billion at June 30, 2025. Based on a review of each of the securities in the investment securities portfolio at June 30, 2025, the Company concluded that it expected to recover the amortized cost basis of its investment. As of June 30, 2025, the Company does not intend to sell nor is it anticipated that it would be required to sell any of its impaired investment securities at a loss. At June 30, 2025, the Company has not identified events or changes in circumstances which may have a significant adverse effect on the fair value of the $730 million of cost method equity securities.The Company estimated no material allowance for credit losses for its investment securities classified as held to maturity at June 30, 2025 or December 31, 2024.At June 30, 2025, the amortized cost and estimated fair value of debt securities by contractual maturity were as follows:(Dollars in millions)AmortizedCostEstimatedFair ValueDebt securities available for sale:Due in one year or less$2,895 $2,900 Due after one year through five years4,912 4,940 Due after five years through ten years— — Due after ten years— — 7,807 7,840 Mortgage-backed securities13,651 13,700 $21,458 $21,540 Debt securities held to maturity:Due in one year or less$82 $82 Due after one year through five years641 631 Due after five years through ten years1,399 1,360 Due after ten years548 487 2,670 2,560 Mortgage-backed securities10,354 9,513 $13,024 $12,073 At June