Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 9

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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 twelve months or longer follows:Less Than 12 Months12 Months or More(Dollars in millions)FairValueUnrealizedLossesFairValueUnrealizedLossesSeptember 30, 2025Investment securities available for sale:U.S. Treasury$— $— $247 $3 Mortgage-backed securities:Government issued or guaranteed:Commercial135 — 323 2 Residential458 2 1,442 66 Other 1 — — — 594 2 2,012 71 Investment securities held to maturity:U.S. Treasury — — 438 6 Mortgage-backed securities:Government issued or guaranteed:Commercial— — 1,943 77 Residential83 1 6,513 661 Privately issued2 — — — State and political subdivisions9 — 1,916 61 94 1 10,810 805 Total$688 $3 $12,822 $876 December 31, 2024Investment securities available for sale:U.S. Treasury $1,971 $9 $2,554 $18 Mortgage-backed securities:Government issued or guaranteed:Commercial2,566 45 64 — Residential4,429 53 1,623 114 Other — — 2 — 8,966 107 4,243 132 Investment securities held to maturity:U.S. Treasury 50 — 951 14 Mortgage-backed securities:Government issued or guaranteed:Commercial— — 1,877 157 Residential996 19 6,811 942 State and political subdivisions39 1 2,131 116 1,085 20 11,770 1,229 Total$10,051 $127 $16,013 $1,361 

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3. Investment securities, continued

The Company owned 3,158 individual debt securities with aggregate gross unrealized losses of $879 million at September 30, 2025. Based on a review of each of the securities in the investment securities portfolio at September 30, 2025, the Company concluded that it expected to recover the amortized cost basis of its investment. As of September 30, 2025, the Company does not intend to sell nor is