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

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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Item 1. Financial Statements (Unaudited).

M&T Bank Corporation and Subsidiaries

Consolidated Balance Sheet (Unaudited)

(Dollars in millions, except per share)March 31,2025December 31,2024AssetsCash and due from banks$2,109 $1,909 Interest-bearing deposits at banks20,656 18,873 Trading account96 101 Investment securities:Available for sale (cost: $20,807 at March 31, 2025;    $19,054 at December 31, 2024)20,799 18,849 Held to maturity (fair value: $12,308 at March 31, 2025;    $12,955 at December 31, 2024)13,352 14,195 Equity and other securities (cost: $986 at March 31, 2025;    $1,007 at December 31, 2024)986 1,007 Total investment securities35,137 34,051 Loans and leases (a)134,574 135,581 Allowance for credit losses(2,200)(2,184)Net loans and leases132,374 133,397 Premises and equipment1,661 1,705 Goodwill8,465 8,465 Core deposit and other intangible assets93 94 Accrued interest and other assets9,730 9,510 Total assets$210,321 $208,105 LiabilitiesNoninterest-bearing deposits$49,051 $46,020 Savings and interest-checking deposits102,379 100,599 Time deposits13,979 14,476 Total deposits165,409 161,095 Short-term borrowings1,573 1,060 Long-term borrowings (a)10,496 12,605 Accrued interest and other liabilities3,852 4,318 Total liabilities181,330 179,078 Shareholders' equityPreferred stock2,394 2,394 Common stock, $0.50 par, 250,000,000 shares authorized,    179,436,779 shares issued at March 31, 2025 and December 31, 202490 90 Common stock issuable, 9,490 shares at March 31,