Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 112

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 1
Chunk 112
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15 21 Total revenue (expense)110 47 63 135 201 (266)467 — Provision for credit losses(17)(8)(9)-92 (13)69 (82)— Noninterest expense104 108 (4)-4 425 509 (84)-17 Loss before taxes23 (53)76 — (211)(844)633 75 Income taxes(23)(35)12  31 (124)(333)209 63 Net income (loss)$46 $(18)$64 — %$(87)$(511)$424 83 %

The “All Other” category net income was $46 million in the third quarter of 2025 as compared with a net loss of $18 million in the second quarter of 2025.

•Net interest income increased $32 million due to the favorable impact from the Company’s allocation methodologies for internal transfers related to funding charges and credits associated with earning assets and interest-bearing liabilities of the Company’s reportable segments and lower net interest expense from interest rate swap agreements entered into for interest rate risk management purposes.

•Noninterest income rose $31 million reflecting a $20 million distribution from M&T's investment in BLG in the recent quarter.

•Noninterest expense declined modestly reflecting a reduction of FDIC special assessment expense, lower professional and other services expense and a decrease in equipment and net occupancy costs, partially offset by an increase in other costs of operations reflecting an impairment of a renewable energy tax credit investment in the recent quarter.

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The net loss recorded for the "All Other" category was $87 million for the first nine months of 2025 as compared with a net loss of $511 million in the similar 2024 period. 

•Net interest income increased $452 million due to the favorable impact from the Company’s allocation methodologies for internal transfers related to funding charges and credits associated with earning assets and interest-bearing liabilities of the Company’s reportable segments and lower net interest expense from interest rate swap agreements entered into for interest rate risk management purposes.

•Noninterest income increased $15 million reflecting higher tax-exempt income from bank owned life insurance in the 2025 period and realized losses on sales of certain non-agency investment securities in the first nine months of 2024, partially offset by lower distributions from M&T's investment in BLG of $5 million.

•The $82 million decrease in the provision for credit losses reflects the