Company: MTB-PJ
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000036270-25-000011
Chunk: 3

Company: M&T BANK CORP
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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8 Cash flow hedges adjustments56 22 164 (95)Defined benefit plans liability adjustments(1)(2)(3)(3)Other3 — 4 (2)Total other comprehensive income (loss)125 38 379 (92)Total comprehensive income$841 $693 $1,679 $1,094 

See accompanying notes to financial statements.

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M&T Bank Corporation and Subsidiaries

Consolidated Statement of Cash Flows (Unaudited)

Six Months Ended June 30,(Dollars in millions)20252024Cash flows from operating activitiesNet income$1,300 $1,186 Adjustments to reconcile net income to net cash provided by operating activities:Provision for credit losses255 350 Depreciation and amortization of premises and equipment164 159 Amortization of capitalized servicing rights68 70 Amortization of core deposit and other intangible assets22 28 Provision for deferred income taxes(22)(14)Asset write-downs6 6 Net (gain) loss on sales of assets(35)3 Net change in accrued interest receivable, payable(13)— Net change in other accrued income and expense53 51 Net change in loans originated for sale(70)11 Net change in trading account and other non-hedging derivative assets and liabilities(249)112 Net cash from operating activities1,479 1,962 Cash flows from investing activitiesProceeds from sales:Investment securities available for sale— 58 Equity and other securities304 223 Loans780 531 Proceeds from maturities:Investment securities available for sale2,070 3,522 Investment securities held to maturity1,161 547 Purchases:Investment securities available for sale(4,472)(7,200)Equity and other securities(301)(294)Loans(365)— Net change in loans(1,194)(1,789)Net change in interest-bearing deposits at banks(424)3,277 Capital expenditures, net(51)(101)Net change in loan servicing advances(712)153 Other, net219 (384)Net cash from investing activities(2,985)(1,457)Cash flows from financing activitiesNet change in deposits3,357 (3,366)Net change in short-term borrowings1,011 (552