Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 190

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 8
Chunk 190
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11,589 11,172 Total assets$211,053 $210,261 Liabilities and shareholders’ equityInterest-bearing liabilities:Interest-bearing deposits:Savings and interest-checking deposits$104,660 $589 2.23 %$103,963 $579 2.24 %Time deposits13,990 119 3.38 14,290 123 3.45 Total interest-bearing deposits118,650 708 2.36 118,253 702 2.38 Short-term borrowings2,844 32 4.50 3,327 37 4.49 Long-term borrowings12,789 179 5.59 10,936 157 5.72 Total interest-bearing liabilities134,283 919 2.71 132,516 896 2.71 Noninterest-bearing deposits44,056 45,153 Other liabilities4,131 3,926 Total liabilities182,470 181,595 Shareholders’ equity28,583 28,666 Total liabilities and shareholders’ equity$211,053 $210,261 Net interest spread2.88 2.80 Contribution of 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,