Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 194

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 8
Chunk 194
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33%4.25%Fixed rate long-term borrowings — forward-starting2,750 5.8 3.844.27Total fair value hedges6,100 5.1 Cash flow hedges:Variable rate commercial real estate and commercial and industrial loans:Active14,600 1.0 3.794.29Forward-starting10,400 2.3 3.464.27Total cash flow hedges25,000 1.5 Total$31,100 2.2 December 31, 2024Fair value hedges:Fixed rate long-term borrowings — active$2,000 5.4 3.11%5.07%Fixed rate long-term borrowings — forward-starting3,350 6.2 3.814.49Fixed rate available for sale securities — active15 0.1 4.844.36Total fair value hedges5,365 5.8 Cash flow hedges:Variable rate commercial real estate and commercial and industrial loans:Active20,819 0.9 3.264.47Forward-starting10,000 3.0 3.724.49Total cash flow hedges30,819 1.6 Total$36,184 2.2 

Information regarding the fair value of interest rate swap agreements designated as fair value hedges and cash flow hedges is presented in note 11 of Notes to Financial Statements. The average notional amounts of interest rate swap agreements entered into for interest rate risk management purposes (excluding forward-starting interest rate swap agreements not in effect during the quarter), the related effect on net interest income and margin, and the weighted-average interest rates paid or received on those swap agreements are presented in the table that follows. 

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INTEREST RATE SWAP AGREEMENTS - EFFECT ON NET INTEREST INCOME

Three Months EndedSeptember 30, 2025June 30, 2025(Dollars in millions)AmountRate (a)  AmountRate (a)Increase (decrease) in:Interest income$(22)-.04 %$(33)-.07 %Interest expense11 .03 11 .03 Net interest income/margin$(33)-.07 %$(44)-.09 %Average notional amount (b)$17,744 $20,347 Rate received (c)3.68 %3.51 %