Company: MTB-PJ
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006267
Chunk: 170

Company: M&T BANK CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 170
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 results have been included in the "All Other" category.

100

A description of the business activities conducted by each of the Company's segments and the accounting policies utilized in compiling financial information of such segments is provided in note 21 of Notes to Financial Statements. The management accounting policies and processes utilized in compiling segment financial information are highly subjective and, unlike financial accounting, are not based on authoritative guidance similar to GAAP. As a result, reported segments and the financial information of the reported segments are not necessarily comparable with similar information reported by other financial institutions. Furthermore, changes in management structure or allocation methodologies and procedures may result in changes in reported segment financial data.

Table 43

NET INCOME (LOSS) BY SEGMENT

Change from2023 to 20242022 to 2023(Dollars in millions)202420232022Amount%Amount%Commercial Bank$871 $1,039 $1,242 $(168)-16 %$(203)-16 %Retail Bank1,716 1,838 1,039 (122)-7 799 77 Institutional Services and Wealth Management535 620 402 (85)-14 218 54 All Other(534)(756)(691)222 29 (65)-9 Total net income$2,588 $2,741 $1,992 $(153)-6 %$749 38 %

Commercial Bank

Table 44

COMMERCIAL BANK SEGMENT FINANCIAL SUMMARY

Change from2023 to 20242022 to 2023(Dollars in millions)202420232022Amount%Amount%Income StatementNet interest income$2,212 $2,409 $2,302 $(197)-8 %$107 5 %Noninterest income672 658 588 14 2 70 12 Total revenue2,884 3,067 2,890 (183)-6 177 6 Provision for credit losses266 297 66 (31)-10 231 348 Noninterest expense1,424 1,346 1,124 78 6 222 20 Income before taxes1,194 1,424 1,700 (230)-16 (276)-16 Income taxes323 385 458 (62)-16 (73)-16 Net income$871 $1,039 $1,242 $(