Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 196

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 8
Chunk 196
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 Company’s allowance for credit losses, nor does management rely upon that ratio in assessing the adequacy of the Company’s allowance for credit losses.

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Other Income

The components of other income are presented in the accompanying table.

OTHER INCOME

Three Months EndedChangeThree Months EndedChange(Dollars in millions)March 31,2025December 31,2024Amount%March 31,2025March 31,2024Amount%Mortgage banking revenues$118 $117 $1 — %$118 $104 $14 13 %Service charges on deposit accounts133 131 2 1 133 124 9 7 Trust income177 175 2 1 177 160 17 11 Brokerage services income32 30 2 3 32 29 3 10 Trading account and other non-hedging    derivative gains9 10 (1)4 9 9 — 3 Gain (loss) on bank investment securities— 18 (18)-100 — 2 (2)-97 Other revenues from operations142 176 (34)-19 142 152 (10)-6 Total other income$611 $657 $(46)-7 %$611 $580 $31 5 %

Mortgage banking revenues

Mortgage banking revenues are comprised of both residential and commercial mortgage banking activities, which consist of realized gains and losses from sales of real estate loans and loan servicing rights, unrealized gains and losses on real estate loans held for sale and related commitments, real estate loan servicing fees, and other real estate loan related fees and income. The Company's involvement in commercial mortgage banking activities includes the origination, sales and servicing of loans under the multifamily loan programs of Fannie Mae, Freddie Mac, and the U.S. Department of Housing and Urban Development.

RESIDENTIAL MORTGAGE BANKING ACTIVITIES

Three Months EndedChangeThree Months EndedChange(Dollars in millions)March 31,2025December 31,2024Amount%March 31,2025March 31,2024Amount%Residential mortgage banking revenuesGains on loans originated for sale$6 $8 $(2)-25 %$6 $7 $(1)-11 %Loan servicing fees36 36 — -1 36 39 (3