Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 200

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 8
Chunk 200
---
 maturities of brokered time deposits.

In the first nine months of 2025, total average deposits decreased $565 million from the corresponding 2024 period. 

•Average core deposits grew $1.2 billion due to higher average balances of savings and interest-checking deposits that reflected a shift in customer funds from noninterest-bearing accounts to interest-bearing products. Lower average balances of core time deposits reflected comparatively lower rates paid on those products.

•Average brokered deposits declined $1.4 billion reflecting a decrease in average brokered time deposits of $3.1 billion as those products matured. That decrease was partially offset by an increase in average brokered savings and interest-bearing transaction accounts of $1.7 billion reflecting changes in the Company's wholesale funding strategy.

The accompanying table summarizes the components of average total deposits by reportable segment for the three months ended September 30, 2025 and June 30, 2025 and the nine months ended September 30, 2025 and 2024.

AVERAGE DEPOSITS BY REPORTABLE SEGMENT

(Dollars in millions)Commercial BankRetail BankInstitutional Services and Wealth ManagementAll OtherTotalThree Months Ended September 30, 2025Noninterest-bearing deposits             $10,280 $24,356 $8,772 $648 $44,056 Savings and interest-checking deposits35,396 52,987 9,726 6,551 104,660 Time deposits353 13,100 48 489 13,990 Total$46,029 $90,443 $18,546 $7,688 $162,706 Three Months Ended June 30, 2025Noninterest-bearing deposits             $11,337 $24,449 $8,868 $499 $45,153 Savings and interest-checking deposits34,310 52,836 10,268 6,549 103,963 Time deposits348 13,329 43 570 14,290 Total$45,995 $90,614 $19,179 $7,618 $163,406 Nine Months Ended September 30, 2025Noninterest-bearing deposits$10,970 $24,342 $9,001 $564 $44,877 Savings and interest-checking deposits34,51052,508 9,7196,670 103,