Company: MTB-PJ
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006267
Chunk: 146

Company: M&T BANK CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 146
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’s evaluation of the loan and lease portfolio using the methodology and considering the factors as described herein. Should the various economic forecasts and credit factors considered by management in establishing the allowance for credit losses change and should management’s assessment of losses in the loan portfolio also change, the level of the allowance as a percent of loans could increase or decrease in future periods. The reported level of the allowance for credit losses reflects management’s evaluation of the loan and lease portfolio as of each respective date. 

The ratio of the allowance for credit losses to total nonaccrual loans at the end of 2024 and 2023 was 129% and 98%, respectively. Given the Company’s general position as a secured lender and its practice of charging off loan balances when collection is deemed doubtful, that ratio and changes in the ratio are generally not an indicative measure of the adequacy of the Company’s allowance for credit losses, nor does management rely upon that ratio in assessing the adequacy of the Company’s allowance for credit losses.

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Other Income

The components of other income are presented in Table 27.

Table 27

OTHER INCOME

Change fromYear Ended December 31,2023 to 20242022 to 2023(Dollars in millions)202420232022Amount%Amount%Mortgage banking revenues$436 $409 $357 $27 7 %$52 15 %Service charges on deposit accounts514 475 447 39 8 28 6 Trust income675 680 741 (5)-1 (61)-8 Brokerage services income121 102 88 19 19 14 17 Trading account and other non-hedging derivative gains39 49 27 (10)-21 22 84 Gain (loss) on bank investment securities10 4 (6)6 158 10 — Other revenues from operations632 809 703 (177)-22 106 15 Total other income$2,427 $2,528 $2,357 $(101)-4 %$171 7 %

Mortgage banking revenues

Mortgage banking revenues are comprised of both residential and commercial mortgage banking activities, which consist of realized gains and losses from sales of real estate loans and loan servicing rights, unrealized gains and losses on real estate loans held for sale and related commitments, real estate loan servicing fees, and other real estate loan related fees and income. The Company