Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 240

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 2
Chunk 240
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001 Senior notes of M&T Bank— 750 Junior subordinated debentures of M&T associated with Preferred Capital Securities— 34 __________________________________________________________________________________

(a)At par value.

(b)Excludes paydowns of asset-backed notes.

Additional information regarding borrowings is provided in notes 5 and 12 of Notes to Financial Statements.

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Provision for Credit Losses

A provision for credit losses is recorded to adjust the level of the allowance to reflect expected credit losses that are based on economic forecasts as of each reporting date. A provision for credit losses of $125 million was recorded in each of the third and second quarters of 2025. The provision for credit losses included $15 million and $20 million of provision for unfunded credit commitments in the third and second quarters of 2025, respectively. For the nine months ended September 30, 2025 and 2024, the Company recorded a provision for credit losses of $380 million and $470 million, respectively. The lower provision for credit losses in the first nine months of 2025 as compared with the similar 2024 period reflects improved credit performance of commercial real estate loans, partially offset by consumer loan growth.

A summary of the Company's net loan charge-offs by loan type and as an annualized percent of such average loans is presented in the table that follows. 

NET CHARGE-OFF (RECOVERY) INFORMATION

Three Months EndedSeptember 30, 2025June 30, 2025(Dollars in millions)Net Charge-Offs (Recoveries)Annualized Percent of Average LoansNet Charge-Offs (Recoveries)Annualized Percent of Average LoansCommercial and industrial $72 .46 %$38 .24 %Real estate:Commercial17 .33 21 .41 Residential builder and developer— — — — Other commercial construction4 .39 2 .19 Residential— — — .02 Consumer:Home equity lines and loans— — (1)-.11 Recreational finance24 .69 21 .62 Automobile6 .46 3 .26 Other23 4.07 24 4.34 Total$146 .42 %$108 .32 %

Nine Months EndedSeptember 30, 2025September 30, 2024(Dollars in millions)Net Charge-Offs