Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 79

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 1
Chunk 79
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2025 and December 31, 2024, respectively.

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CRITICIZED COMMERCIAL REAL ESTATE LOANS

September 30, 2025December 31, 2024(Dollars in millions)OutstandingCriticized AccrualCriticized NonaccrualTotal CriticizedOutstandingCriticized AccrualCriticized NonaccrualTotal CriticizedPermanent finance by property type:Apartments/Multifamily$6,548 $479 $65 $544 $5,628 $935 $114 $1,049 Retail/Service4,320 659 76 735 4,747 673 80 753 Office3,487 642 110 752 4,170 1,125 117 1,242 Industrial/Warehouse2,175 79 10 89 1,926 143 13 156 Hotel1,776 196 67 263 1,984 317 118 435 Health services1,554 239 32 271 2,038 560 25 585 Other202 30 1 31 287 30 1 31 Total permanent20,062 2,324 361 2,685 20,780 3,783 468 4,251 Construction/Development3,984 1,177 21 1,198 5,984 1,715 68 1,783 Total$24,046 $3,501 $382 $3,883 $26,764 $5,498 $536 $6,034 Criticized loans as a percent of total commercial real estate loans16.2 %22.6 %Commercial real estate loans weighted-average LTV ratio56 56 Commercial real estate criticized loans weighted-average LTV ratio66 63 

Loans to financial and insurance companies, motor vehicle and recreational finance dealers and the retail industry contributed to the modest increase in commercial and industrial criticized loans from December 31, 2024 to September 30, 2025, partially offset by lower criticized loans to the health services, manufacturing and transportation, communications and utilities industries. The $2.2 billion decline in commercial real estate criticized loans from December 31, 2024 to September 30, 2025 spanned most property types and also