Company: MTB-PJ
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000036270-25-000011
Chunk: 87

Company: M&T BANK CORP
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 87
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$15 18 %$179 $154 $25 16 %New commitments to originate loans for sale$322 $290 $32 11 %$612 $687 $(75)-11 %

(Dollars in millions)June 30,2025March 31,2025December 31, 2024June 30,2024Balances at period endLoans held for sale$222 $179 $211 $209 Commitments to originate loans for sale248 224 190 281 Commitments to sell loans407 339 353 419 Capitalized mortgage servicing rights326 347 368 409 Loans serviced for others 36,952 37,572 38,105 39,034 Loans sub-serviced for others (a)157,608 160,966 111,544 112,486 Total loans serviced for others$194,560 $198,538 $149,649 $151,520 __________________________________________________________________________________

(a)The contractual servicing rights associated with residential mortgage loans sub-serviced by the Company were predominantly held by affiliates of BLG. Information about the Company’s relationship with BLG and its affiliates is included in note 16 of Notes to Financial Statements.

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The higher balances of residential mortgage loans sub-serviced for others at June 30, 2025 and March 31, 2025 as compared with December 31, 2024 and June 30, 2024, and the corresponding increase in related revenues in the three-month and six-month periods ended June 30, 2025 as compared with the three-month period ending March 31, 2025 and the six-month period ending June 30, 2024, reflect an arrangement effective February 2025 whereby the Company began sub-servicing $51.7 billion of additional residential mortgage loans with contractual servicing rights held by Bayview Financial.

COMMERCIAL MORTGAGE BANKING ACTIVITIES

Three Months EndedChangeSix Months EndedChange(Dollars in millions)June 30,2025March 31,2025Amount%June 30,2025June 30,2024Amount%Commercial mortgage banking revenuesGains on loans originated for sale$14 $16 $(2)-5 %$30 $20 $10 48 %Loan servicing fees and other19 20 (1