Company: MTB-PJ
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000036270-25-000011
Chunk: 279

Company: M&T BANK CORP
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 2
Chunk 279
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%Noninterest income225 209 16 7 434 398 36 9 Total revenue391 380 11 3 771 778 (7)-1 Provision for credit losses2 3 (1)11 5 3 2 103 Noninterest expense217 215 2 1 432 408 24 6 Income before taxes172 162 10 5 334 367 (33)-9 Income taxes44 41 3 5 85 95 (10)-11 Net income$128 $121 $7 5 %$249 $272 $(23)-8 %Average Balance SheetLoans:Commercial and industrial$989 $889 $100 11 %$939 $755 $184 24 %Commercial real estate31 31 — — 31 43 (12)-28 Residential real estate2,290 2,210 80 4 2,250 1,893 357 19 Consumer793 799 (6)-1 795 727 68 10 Total loans$4,103 $3,929 $174 4 %$4,015 $3,418 $597 18 %Deposits:Noninterest-bearing$8,868 $9,370 $(502)-5 %$9,118 $9,211 $(93)-1 %Interest-bearing10,311 9,197 1,114 12 9,756 7,553 2,203 29 Total deposits$19,179 $18,567 $612 3 %$18,874 $16,764 $2,110 13 %

The Institutional Services and Wealth Management segment’s net income increased $7 million to $128 million in the second quarter of 2025 from $121 million in the first quarter of 2025.

•Net interest income declined $5 million predominantly due to a 27 basis-point narrowing of the net interest margin on deposits.

•Noninterest income increased $16 million and included a $10 million gain on the sale from the divestiture of a subsidiary that specialized in institutional services in May 2025. Also contributing to that increase was seasonal tax service fee income from the Wealth Management business.

Net income for the Institutional Services and Wealth Management segment decreased