Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 260

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 2
Chunk 260
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4.

•Net interest income declined $12 million predominantly due to a 22 basis-point narrowing of the net interest margin on deposits.

•Noninterest expense decreased $6 million reflecting a decline in centrally-allocated costs associated with data processing, risk management, and other support services provided to the Institutional Services and Wealth Management segment.

Net income for the Institutional Services and Wealth Management segment decreased $7 million in the recent quarter from $128 million in the year-earlier first quarter. 

•Net interest income decreased $15 million predominantly due to an 86 basis-point narrowing of the net interest margin on deposits.

•Noninterest income increased $18 million reflecting higher sales and fund management fees from its global capital markets business and increased fee income from its Wealth Management business, reflecting comparatively favorable market performance in the recent quarter.

•Noninterest expense increased $10 million reflecting a rise in salaries and employee benefits expense and centrally-allocated costs associated with data processing, risk management, and other support services provided to the Institutional Services and Wealth Management segment. 

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All Other

The "All Other" category reflects other activities of the Company that are not directly attributable to the reported segments. Reflected in this category are the difference between the provision for credit losses and the calculated provision allocated to the reportable segments; goodwill and core deposit and other intangible assets resulting from the acquisitions of financial institutions; merger-related gains and expenses related to acquisitions; the net impact of the Company’s internal funds transfer pricing methodology; eliminations of transactions between reportable segments; certain non-recurring transactions; and the residual effects of unallocated support systems and general and administrative expenses. The Company’s investment securities portfolio, brokered deposits and short-term and long-term borrowings are generally included in the "All Other" category. In its management of interest rate risk, the Company utilizes interest rate swap agreements to modify the repricing characteristics of certain portfolios of earning assets and interest-bearing liabilities. The results of such activities are captured in the "All Other" category.

ALL OTHER CATEGORY FINANCIAL SUMMARY

Three Months EndedChangeThree Months EndedChange(Dollars in millions)March 31, 2025December 31, 2024Amount%March 31, 2025March 31, 2024Amount%Income StatementNet interest income (expense)$23 $(55)$78 — %$23 $(125)$148 — %Noninterest income21 61 (40)-64 21 41 (20)-47 Total