Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 172

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 8
Chunk 172
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563 32 4.93 6,228 84 5.42 Long-term borrowings11,285 157 5.65 11,665 162 5.57 9,773 141 5.81 Total interest-bearing liabilities129,938 865 2.70 132,313 979 2.94 131,451 1,065 3.26 Noninterest-bearing deposits45,436 46,554 48,615 Other liabilities3,949 4,279 4,393 Total liabilities179,323 183,146 184,459 Shareholders’ equity28,998 28,707 27,019 Total liabilities and shareholders’ equity$208,321 $211,853 $211,478 Net interest spread2.82 2.66 2.48 Contribution of interest-free funds.84 .92 1.04 Net interest income/margin on earning assets$1,707 3.66 %$1,740 3.58 %$1,692 3.52 %Memo: Total deposits$161,220 $676 1.70 %$164,639 $785 1.90 %$164,065 $840 2.06 %Total brokered deposits10,768 107 4.05 11,430 126 4.40 13,223 162 4.92 __________________________________________________________________________________

(a)Includes nonaccrual loans.

(b)Includes available-for-sale securities at amortized cost.

(c)Primarily government issued or guaranteed.

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Lending activities

The Company's lending activities reflect a portfolio composition shift as the Company executed various strategies to reduce its relative concentration of commercial real estate loans throughout 2024. The following table summarizes changes in the components of average loans and leases.

AVERAGE LOANS AND LEASES

Three Months EndedThree Months Ended(Dollars in millions)March 31, 2025December 31, 2024Percentage ChangeMarch 31, 2025March 31, 2024Percentage ChangeCommercial and industrial$61,056 $60,704 1 %$61,056 $56,821 7 %Commercial real estate26,259 27,896 -6 26,259 32,696 -20 Residential real estate