Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 137

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 8
Chunk 137
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 in the Company's Consolidated Statement of Income for the nine-month period ended September 30, 2025. The revenues and expenses of that subsidiary were not material to the Company's consolidated results of operations for the nine-month periods ended September 30, 2025 and 2024.

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3. Investment securities

The amortized cost and estimated fair value of investment securities were as follows:(Dollars in millions)AmortizedCost (a)GrossUnrealizedGainsGrossUnrealizedLossesEstimatedFair ValueSeptember 30, 2025Investment securities available for sale:U.S. Treasury $6,581 $42 $3 $6,620 Mortgage-backed securities:Government issued or guaranteed:Commercial4,789 74 2 4,861 Residential11,628 120 68 11,680 Other 2 — — 2 23,000 236 73 23,163 Investment securities held to maturity:U.S. Treasury444 — 6 438 Mortgage-backed securities:Government issued or guaranteed:Commercial2,020 — 77 1,943 Residential8,048 7 662 7,393 Privately issued33 12 — 45 State and political subdivisions2,165 — 61 2,104 Other 1 — — 1  12,711 19 806 11,924 Total debt securities$35,711 $255 $879 $35,087 Equity and other securities:Readily marketable equity — at fair value$257 $3 $2 $258 Other — at cost732 — — 732 Total equity and other securities$989 $3 $2 $990  December 31, 2024Investment securities available for sale:U.S. Treasury $7,945 $13 $27 $7,931 Mortgage-backed securities:    Government issued or guaranteed:    Commercial3,739 8 45 3,702 Residential7,368 13 167 7,214 Other2 — — 2 19,054 34 239 18,849 Investment securities held to maturity:U.S. Treasury 1,015 — 14 1,001 M