Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 182

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 8
Chunk 182
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 31, 2025Fair value hedges:Fixed rate long-term borrowings — active$2,850 5.4 3.25 %4.52 %Fixed rate long-term borrowings — forward-starting2,500 5.9 3.89 4.32 Total fair value hedges5,350 5.6 Cash flow hedges:Variable rate commercial real estate and commercial and industrial loans:Active18,969 0.9 3.47 4.33 Forward-starting8,500 3.0 3.70 4.32 Total cash flow hedges27,469 1.5 Total$32,819 2.2 December 31, 2024Fair value hedges:Fixed rate long-term borrowings — active$2,000 5.4 3.11 %5.07 %Fixed rate long-term borrowings — forward-starting3,350 6.2 3.81 4.49 Fixed rate available for sale securities — active15 0.1 4.84 4.36 Total fair value hedges5,365 5.8 Cash flow hedges:Variable rate commercial real estate and commercial and industrial loans:Active20,819 0.9 3.26 4.47 Forward-starting10,000 3.0 3.72 4.49 Total cash flow hedges30,819 1.6 Total$36,184 2.2 

Information regarding the fair value of interest rate swap agreements designated as fair value hedges and cash flow hedges is presented in note 10 of Notes to Financial Statements. The average notional amounts of interest rate swap agreements entered into for interest rate risk management purposes (excluding forward-starting interest rate swap agreements not in effect during the quarter), the related effect on net interest income and margin, and the weighted-average interest rates paid or received on those swap agreements are presented in the table that follows. 

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INTEREST RATE SWAP AGREEMENTS - EFFECT ON NET INTEREST INCOME 

Three Months EndedMarch 31, 2025December 31, 2024March 31, 2024(Dollars in millions)AmountRate (a)  AmountRate (a)AmountRate (a)Increase (decrease) in:Interest income$(53)-.11 %$(76