Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 1

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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    11,642 shares at December 31, 20241 1 Additional paid-in capital9,995 9,998 Retained earnings20,392 19,079 Accumulated other comprehensive income (loss), net277 (164)Treasury stock — common, at cost — 24,926,404 shares at September 30, 2025;    13,922,820 shares at December 31, 2024(4,421)(2,371)Total shareholders’ equity28,728 29,027 Total liabilities and shareholders’ equity$211,277 $208,105 __________________________________________________________________________________

(a)Loans of $2.3 billion and $1.5 billion at September 30, 2025 and December 31, 2024, respectively, were held in special purpose trusts to settle the respective obligations of asset-backed notes issued by those trusts. The outstanding balances of those asset-backed notes issued to third party investors were included in Long-term borrowings and were $1.9 billion at September 30, 2025 and $1.2 billion at December 31, 2024.

See accompanying notes to financial statements.

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M&T Bank Corporation and Subsidiaries

Consolidated Statement of Income (Unaudited)

Three Months Ended September 30,Nine Months Ended September 30,(Dollars in millions, except per share, shares in thousands)2025202420252024Interest incomeLoans$2,104 $2,153 $6,164 $6,378 Investment securities377 283 1,047 771 Deposits at banks198 348 635 1,167 Other1 1 3 3 Total interest income2,680 2,785 7,849 8,319 Interest expenseSavings and interest-checking deposits589 655 1,720 1,888 Time deposits119 180 366 622 Short-term borrowings32 57 101 210 Long-term borrowings179 167 493 475 Total interest expense919 1,059 2,680 3,195 Net interest income1,761 1,726 5,169 5,124 Provision for credit losses125 120 380 470 Net interest income after provision for credit losses1,636 1,606 4,789