Company: MTB-PJ
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000036270-25-000011
Chunk: 109

Company: M&T BANK CORP
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 109
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118 10 8 246 318 (72)-23 Net income$375 $347 $28 8 %$722 $918 $(196)-21 %Average Balance SheetLoans:Commercial and industrial$6,236 $6,416 $(180)-3 %$6,325 $6,914 $(589)-9 %Commercial real estate1,647 1,672 (25)-2 1,660 1,881 (221)-12 Residential real estate20,980 20,570 410 2 20,776 20,736 40 — Consumer24,541 23,536 1,005 4 24,042 20,794 3,248 16 Total loans$53,404 $52,194 $1,210 2 %$52,803 $50,325 $2,478 5 %Deposits:Noninterest-bearing$24,449 $24,220 $229 1 %$24,335 $25,265 $(930)-4 %Interest-bearing66,165 64,720 1,445 2 65,446 66,712 (1,266)-2 Total deposits$90,614 $88,940 $1,674 2 %$89,781 $91,977 $(2,196)-2 %

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The Retail Bank segment’s net income was $375 million in the second quarter of 2025, up from $347 million in the first quarter of 2025.

•Net interest income increased $16 million reflecting higher average balances of deposits and loans and the impact of one additional day in the recent quarter, partially offset by a narrowing of the net interest margin on deposits by 6 basis points.

•Noninterest income increased $26 million reflecting higher residential mortgage loan sub-servicing revenues related to the arrangement effective February 2025 whereby the Company began sub-servicing $51.7 billion of additional residential mortgage loans with contractual servicing rights held by Bayview Financial. Also contributing to that increase was higher merchant discount and credit card fees. 

•The provision for credit losses decreased $8 million reflecting lower net charge-offs.

•Noninterest expense increased $12 million reflecting higher centrally-allocated costs associated with data processing, risk management, and other support services provided to