Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 109

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 109
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 loans and lines of credit, credit cards and other loan products. This segment also originates and services residential mortgage loans and either sells those loans in the secondary market to investors or retains them for investment purposes. Residential mortgage loans are also originated and serviced on behalf of the Institutional Services and Wealth Management segment. The Company periodically purchases the rights to service residential real estate loans that have been originated by other entities and also sub-services residential real estate loans for others. Residential real estate loans held for sale are included in this segment. This segment also provides various business loans, including loans guaranteed by the Small Business Administration, business credit cards, deposit products and services such as cash management, payroll and direct deposit, merchant credit card and letters of credits to small businesses and professionals through the Company's branch network and other delivery channels.

RETAIL BANK SEGMENT FINANCIAL SUMMARY

Three Months EndedChangeThree Months EndedChange(Dollars in millions)March 31, 2025December 31, 2024Amount%March 31, 2025March 31, 2024Amount%Income StatementNet interest income$972 $1,040 $(68)-7 %$972 $1,071 $(99)-9 %Noninterest income208 204 4 2 208 197 11 5 Total revenue1,180 1,244 (64)-5 1,180 1,268 (88)-7 Provision for credit losses79 86 (7)-7 79 68 11 16 Noninterest expense636 684 (48)-7 636 599 37 6 Income before taxes465 474 (9)-2 465 601 (136)-23 Income taxes118 122 (4)-4 118 155 (37)-24 Net income$347 $352 $(5)-2 %$347 $446 $(99)-22 %Average Balance SheetLoans and leases:Commercial and industrial$6,416 $6,433 $(17)— %$6,416 $6,874 $(458)-7 %Commercial real estate1,672 1,734 (62)-4 1,672 1,904 (232)-12 Residential real estate20,570 20,480 90 — 20,570 20,843 (273)-1 Consumer23,536 23,