M&T BANK CORP
For the period ended Jun 30, 2025. Filed Aug 4, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 4, 2025
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10. Comprehensive income
- Comprehensive income
The following tables display the components of other comprehensive income (loss) and amounts reclassified from accumulated other comprehensive income (loss) to net income:
| (Dollars in millions) | InvestmentSecurities | Cash Flow Hedges | Defined Benefit Plans | Other | TotalAmountBefore Tax | IncomeTax | Net |
|---|---|---|---|---|---|---|---|
| Balance — January 1, 2025 | $(205) | $(135) | $131 | $(10) | $(219) | $55 | $(164) |
| Other comprehensive income (loss) before reclassifications: | |||||||
| Unrealized holding gains, net | 287 | — | — | — | 287 | (73) | 214 |
| Unrealized gains on cash flow hedges | — | 134 | — | — | 134 | (34) | 100 |
| Other | — | — | — | 5 | 5 | (1) | 4 |
| Total other comprehensive income (loss) before reclassifications | 287 | 134 | — | 5 | 426 | (108) | 318 |
| Amounts reclassified from accumulated other comprehensive income (loss) that (increase) decrease net income: | |||||||
| Net yield adjustment from cash flow hedges currently in effect | — | 86 | — | — | 86(a) | (22) | 64 |
| Amortization of prior service credit | — | — | (1) | — | (1)(b) | — | (1) |
| Amortization of actuarial gains | — | — | (3) | — | (3)(b) | 1 | (2) |
| Total other comprehensive income (loss) | 287 | 220 | (4) | 5 | 508 | (129) | 379 |
| Balance — June 30, 2025 | $82 | $85 | $127 | $(5) | $289 | $(74) | $215 |
| Balance — January 1, 2024 | $(251) | $(203) | $(155) | $(7) | $(616) | $157 | $(459) |
| Other comprehensive income (loss) before reclassifications: | |||||||
| Unrealized holding losses, net | (1) | — | — | — | (1) | — | (1) |
| Unrealized losses on cash flow hedges | — | (313) | — | — | (313) | 78 | (235) |
| Other | — | — | — | (2) | (2) | — | (2) |
| Total other comprehensive income (loss) before reclassifications | (1) | (313) | — | (2) | (316) | 78 | (238) |
| Amounts reclassified from accumulated other comprehensive income (loss) that (increase) decrease net income: | |||||||
| Net losses realized in net income | 13 | — | — | — | 13 | (4) | 9 |
| Net yield adjustment from cash flow hedges currently in effect | — | 186 | — | — | 186(a) | (46) | 140 |
| Amortization of prior service credit | — | — | (1) | — | (1)(b) | — | (1) |
| Amortization of actuarial gains | — | — | (2) | — | (2)(b) | — | (2) |
| Total other comprehensive income (loss) | 12 | (127) | (3) | (2) | (120) | 28 | (92) |
| Balance — June 30, 2024 | $(239) | $(330) | $(158) | $(9) | $(736) | $185 | $(551) |
(a)Included in Interest income in the Company's Consolidated Statement of Income.
(b)Included in Other costs of operations in the Company's Consolidated Statement of Income.
Accumulated other comprehensive income (loss), net consisted of the following:
| (Dollars in millions) | Investment Securities | Cash Flow Hedges | Defined Benefit Plans | Other | Total |
|---|---|---|---|---|---|
| Balance — December 31, 2024 | $(153) | $(101) | $98 | $(8) | $(164) |
| Net gain (loss) during period | 214 | 164 | (3) | 4 | 379 |
| Balance — June 30, 2025 | $61 | $63 | $95 | $(4) | $215 |
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