Company: MTB-PJ
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000036270-25-000011
Chunk: 51

Company: M&T BANK CORP
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 51
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 Provision for credit losses96 154 150 128 5 3 4 65 255 350 Salaries and employee benefits301 300 397 381 213 203 789 713 1,700 1,597 Depreciation and amortization21 19 122 128 4 5 107 105 254 257 Other direct expenses140 134 194 193 52 51 411 461 797 839 Indirect expense (b)252 251 571 496 163 149 (986)(896)— — Income (loss) before taxes628 558 968 1,236 334 367 (234)(642)1,696 1,519 Income tax expense (benefit)166 152 246 318 85 95 (101)(232)396 333 Net income (loss)$462 $406 $722 $918 $249 $272 $(133)$(410)$1,300 $1,186 Average total assets$78,927 $81,140 $55,193 $52,591 $4,187 $3,652 $70,989 $74,346 $209,296 $211,729 __________________________________________________________________________________(a)Net interest income is the difference between actual taxable-equivalent interest earned on assets and interest paid on liabilities by a segment and a funding charge (credit) based on the Company's internal funds transfer and pricing methodology. Segments are charged a cost to fund any assets (e.g. loans) and are paid a funding credit for any funds provided (e.g. deposits). The taxable-equivalent adjustment aggregated $9 million and $13 million for the three-month periods ended June 30, 2025 and 2024, respectively, and $21 million and $25 million for the six-month periods ended June 30, 2025 and 2024, respectively, and is eliminated in "All Other" total revenues.(b)Indirect expense represents centrally-allocated costs associated with data processing, risk management and other support services provided by the "All Other" category to the Commercial Bank, Retail Bank and Institutional Services and Wealth Management segments. (c)Intersegment revenues and expenses were not material for the three-month and six-month periods ended June 30, 2025 and 2024.

16. Relationship with