Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 38

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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ial gains— — (2)— (2)(b)— (2)Total other comprehensive income (loss)197 144 (2)1 340 (86)254 Balance — March 31, 2025$(8)$9 $129 $(9)$121 $(31)$90         Balance — January 1, 2024$(251)$(203)$(155)$(7)$(616)$157 $(459)Other comprehensive income (loss) before reclassifications:    Unrealized holding losses, net(13)— — — (13)2 (11)Unrealized losses on cash flow hedges— (243)— — (243)60 (183)Other— — — (2)(2)— (2)Total other comprehensive income (loss) before reclassifications(13)(243)— (2)(258)62 (196)Amounts reclassified from accumulated other comprehensive income that (increase) decrease net income:    Losses realized in net income1 — — — 1 — 1 Net yield adjustment from cash flow hedges currently in effect— 87 — — 87 (a)(21)66 Amortization of actuarial gains— — (1)— (1)(b)— (1)Total other comprehensive income (loss)(12)(156)(1)(2)(171)41 (130)Balance — March 31, 2024$(263)$(359)$(156)$(9)$(787)$198 $(589)__________________________________________________________________________________(a)Included in Interest income in the Consolidated Statement of Income.(b)Included in Other costs of operations in the Consolidated Statement of Income. Accumulated other comprehensive income (loss), net consisted of the following:(Dollars in millions)Investment Securities Cash Flow HedgesDefined Benefit PlansOtherTotal Balance — December 31, 2024$(153)$(101)$98 $(8)$(164)Net gain (loss) during period147 108 (2)1 254 Balance — March 31, 2025$(6)$7 $96 $(7)$90 

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10. Derivative financial instruments

As part of managing interest rate risk, the Company enters into interest rate swap agreements to modify the repricing characteristics of certain portions of the