Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 258

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 2
Chunk 258
---
 processing and software138 138 — — 412 367 45 12 Professional and other services81 86 (5)-7 251 264 (13)-5 FDIC assessments13 22 (9)-41 58 122 (64)-53 Advertising and marketing23 25 (2)-8 70 74 (4)-6 Amortization of core deposit and other    intangible assets10 9 1 — 32 40 (8)-20 Other costs of operations136 113 23 21 367 378 (11)-3 Total other expense$1,363 $1,336 $27 2 %$4,114 $3,996 $118 3 %

Salaries and employee benefits

Quarterly trends in full-time equivalent employees are presented in the following table.

FULL-TIME EQUIVALENT EMPLOYEES

Three Months EndedSeptember 30, 2025June 30, 2025December 31, 2024September 30, 2024Average full-time equivalent employees22,55422,39522,06722,073Full-time equivalent employees at period end22,38322,59022,10121,986

Salaries and employee benefits expense increased $20 million in the recent quarter as compared with the second quarter of 2025 reflecting higher severance-related expense.

Salaries and employee benefits expense increased $161 million in the nine months ended September 30, 2025 as compared with the year-earlier period reflecting higher salaries expense from annual merit and other increases, a rise in staffing levels and an increase in incentive compensation. Also contributing to the increase was higher employee benefits expense, reflecting a rise in medical benefits expenses and an increase in severance-related expense.

Nonpersonnel expenses

Nonpersonnel expenses aggregated $530 million in the recent quarter, up from $523 million in the second quarter of 2025 reflecting higher expense associated with the Company's supplemental executive retirement savings plan due to market performance and an impairment of a renewable energy tax credit investment. Those unfavorable factors were partially offset by a decline in FDIC assessment expense reflecting a decrease in the FDIC's loss estimate associated with certain failed banks.

Nonpersonnel expenses decreased $43 million to $1.58 billion in the nine months ended September 30, 2025 as compared with $1.62 billion in the first nine months of