Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 70

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 1
Chunk 70
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 -12 Total core deposits149,011 149,864 -1 148,797 147,553 1 Time deposits greater than $250,0003,001 3,053 -2 3,003 3,404 -12 Brokered savings and interest-checking deposits10,208 9,9213 10,041 8,35320 Brokered time deposits486 568-14 609 3,705-84 Total deposits$162,706 $163,406 — %$162,450 $163,015 — %

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Total deposits averaged $162.7 billion in the recent quarter, down $700 million from the second quarter of 2025.

•Average core deposits decreased $853 million reflecting lower noninterest-bearing deposits largely driven by a single commercial customer, partially offset by higher average savings and interest-checking deposits.

•Average brokered deposits increased $205 million reflecting an increase in brokered savings and interest-checking deposits, partially offset by 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,