Company: MTB-PJ
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000036270-25-000011
Chunk: 188

Company: M&T BANK CORP
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 8
Chunk 188
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 2.38 115,603 1,675 2.91 Short-term borrowings3,100 69 4.51 5,595 153 5.51 Long-term borrowings11,109 314 5.69 10,631 308 5.82 Total interest-bearing liabilities131,234 1,761 2.71 131,829 2,136 3.26 Noninterest-bearing deposits45,294 48,175 Other liabilities3,937 4,343 Total liabilities180,465 184,347 Shareholders’ equity28,831 27,382 Total liabilities and shareholders’ equity$209,296 $211,729 Net interest spread2.80 2.52 Contribution of interest-free funds.84 1.04 Net interest income/margin on earning assets$3,429 3.64 %$3,423 3.56 %Memo:Total deposits$162,319 $1,378 1.71 %$163,778 $1,675 2.06 %Total brokered deposits10,628 212 4.02 12,621 308 4.90 __________________________________________________________________________________

(a)Includes nonaccrual loans.

(b)Includes available-for-sale securities at amortized cost.

(c)Primarily government issued or guaranteed.

(d)The yield on state and political subdivision investment securities for the six-month period ended June 30, 2025 reflects $18 million of lower taxable-equivalent interest income resulting from an alignment of amortization periods for certain municipal bonds obtained from the acquisition of People's United.

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Lending activities

The Company's lending activities reflect a portfolio composition shift as the Company executed various strategies to reduce its relative concentration of commercial real estate loans throughout 2024. The following table summarizes changes in the components of average loans.

AVERAGE LOANS

Three Months EndedSix Months Ended(Dollars in millions)June 30,2025March 31,2025Percentage ChangeJune 30,2025June 30,2024Percentage ChangeCommercial and industrial$61,036 $61,056 — %$61,046 $57,486 6 %Commercial real estate25,333 26,259 -4 25,794 32,077 -20 Residential real estate23,684 23,