Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 233

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 2
Chunk 233
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 table summarizes changes in the components of average loans.

AVERAGE LOANS

Three Months EndedNine Months Ended(Dollars in millions)September 30, 2025June 30,2025Percentage ChangeSeptember 30, 2025September 30, 2024Percentage ChangeCommercial and industrial$61,716 $61,036 1 %$61,271 $58,256 5 %Real estate - commercial24,353 25,333 -4 25,308 31,069 -19 Real estate - residential24,359 23,684 3 23,744 23,045 3 Consumer:Home equity lines and loans4,674 4,598 2 4,613 4,571 1 Recreational finance13,958 13,295 5 13,317 10,949 22 Automobile5,235 5,225 — 5,120 4,408 16 Other2,232 2,236 — 2,225 2,081 7 Total consumer26,099 25,354 3 25,275 22,009 15 Total$136,527 $135,407 1 %$135,598 $134,379 1 %

Average loans totaled $136.5 billion in the third quarter of 2025, up $1.1 billion from the second quarter of 2025. 

•Average commercial and industrial loans grew $680 million reflecting growth in loans to the financial and insurance industry. Loans to that industry include credit facilities to investment funds, mortgage lenders, real estate investment trusts and corporate and institutional borrowers.

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•Commercial real estate loans decreased $980 million, reflecting a reduction of $1.1 billion of average construction commercial real estate loans, partially offset by a modest increase of average permanent commercial real estate loans. Contributing to the decline in average commercial real estate construction loans were payoffs and the full quarter impact of the sale of $661 million of out-of-footprint residential builder and developer loans in June 2025.

•Average residential real estate loans increased $675 million reflecting the retention of originated residential mortgage loans and purchases.

•Average consumer loans increased $745 million reflecting higher average balances of recreational finance loans of $663 million and home equity loans and lines of credit of $76 million.

In the first nine months of 2025, average loans