Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 30

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 30
---
 allowance for credit losses, continued

Information with respect to loans and leases that were considered nonaccrual at the beginning and end of the reporting period and the interest income recognized on such loans for the three-month periods ended March 31, 2025 and 2024 follows: Amortized Cost with AllowanceAmortized Cost without AllowanceTotalAmortized CostInterest Income Recognized(Dollars in millions)March 31, 2025January 1, 2025Three MonthsEndedMarch 31,2025Commercial and industrial$522 $140 $662 $696 $6 Real estate:     Commercial341 53 394 468 7 Residential builder and developer1 — 1 2 — Other commercial construction23 5 28 66 — Residential135 149 284 279 3 Consumer:     Home equity lines and loans36 42 78 81 2 Recreational finance17 9 26 31 — Automobile8 3 11 12 — Other56 — 56 55 — Total$1,139 $401 $1,540 $1,690 $18 (Dollars in millions)March 31, 2024January 1, 2024Three MonthsEndedMarch 31,2024Commercial and industrial$590 $274 $864 $670 $2 Real estate:Commercial379 476 855 869 6 Residential builder and developer3 — 3 3 — Other commercial construction33 108 141 171 — Residential100 155 255 270 4 Consumer:Home equity lines and loans48 39 87 81 1 Recreational finance18 12 30 36 — Automobile7 6 13 14 — Other54 — 54 52 — Total$1,232 $1,070 $2,302 $2,166 $13 

- 21 -

3. Loans and leases and allowance for credit losses, continued

Loan modificationsDuring the normal course of business, the Company modifies loans to maximize recovery efforts from borrowers experiencing financial difficulty. Such loan modifications typically include extensions of maturity dates but may also include other modified terms. Those modified loans may be considered nonaccrual if the Company