Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 228

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 2
Chunk 228
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 interest-free funds.80 .82 Net interest income/margin on earning assets$1,773 3.68 %$1,722 3.62 %Memo: Total deposits$162,706 $708 1.72 %$163,406 $702 1.72 %__________________________________________________________________________________

(a)Includes nonaccrual loans.

(b)Includes available-for-sale securities at amortized cost.

(c)Primarily government issued or guaranteed.

(d)The yield on state and political subdivision investment securities for the three-month period ended June 30, 2025 reflects $20 million of lower taxable-equivalent interest income resulting from an alignment of amortization periods for certain municipal bonds obtained from the acquisition of People's United.

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AVERAGE BALANCE SHEETS AND ANNUALIZED TAXABLE-EQUIVALENT RATES (CONTINUED)

Nine Months EndedSeptember 30, 2025September 30, 2024(Dollars in millions)AverageBalanceInterestAverageRateAverageBalanceInterestAverageRateAssetsEarning assets:Loans (a):Commercial and industrial$61,271 $2,936 6.41 %$58,256 $3,059 7.01 %Real estate - commercial25,308 1,204 6.27 31,069 1,498 6.34 Real estate - residential23,744 804 4.51 23,045 749 4.33 Consumer25,275 1,244 6.58 22,009 1,092 6.63 Total loans135,598 6,188 6.10 134,379 6,398 6.36 Interest-bearing deposits at banks19,037 635 4.46 28,467 1,167 5.48 Trading account96 3 3.45 102 3 3.43 Investment securities (b):U.S. Treasury8,210 243 3.96 9,049 217 3.21 Mortgage-backed securities (c)23,933 734 4.09 16,909 444 3.50 State and political subdivisions (d)2,259 38 2.22 2,448 70 3.80 Other1,064 41 5.18 1,367 58 5