Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 107

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 107
---
 745 (43)-6 702 699 3 — Provision for credit losses36 73 (37)-51 36 77 (41)-54 Noninterest expense351 362 (11)-3 351 345 6 2 Income before taxes315 310 5 2 315 277 38 14 Income taxes84 84 — 1 84 76 8 11 Net income$231 $226 $5 3 %$231 $201 $30 15 %Average Balance SheetLoans and leases:Commercial and industrial$53,567 $53,332 $235 — %$53,567 $49,048 $4,519 9 %Commercial real estate24,555 26,124 (1,569)-6 24,555 30,747 (6,192)-20 Residential real estate396 421 (25)-6 396 447 (51)-12 Consumer18 14 4 28 18 25 (7)-27 Total loans and leases$78,536 $79,891 $(1,355)-2 %$78,536 $80,267 $(1,731)-2 %Deposits:Noninterest-bearing$11,304 $11,970 $(666)-6 %$11,304 $13,459 $(2,155)-16 %Interest-bearing34,173 34,783 (610)-2 34,173 30,074 4,099 14 Total deposits$45,477 $46,753 $(1,276)-3 %$45,477 $43,533 $1,944 4 %

- 70 -

The Commercial Bank segment’s net income was $231 million in the first quarter of 2025, up from $226 million in the fourth quarter of 2024.

•Net interest income decreased $31 million reflecting a narrowing of the net interest margin on loans and leases of 5 basis points and lower average outstanding loan and deposit balances.

•Noninterest income decreased $12 million reflecting lower commercial mortgage banking revenues of $6 million and a decline in credit related fees (primarily loan syndication fees) of $5 million.

•Provision for credit losses declined $37 million reflecting lower net charge