M&T BANK CORP
For the period ended Jun 30, 2025. Filed Aug 4, 2025.
View on SEC.govAbout this filing
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
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheet
Consolidated Balance Sheet (Unaudited)
| (Dollars in millions, except per share) | June 30,2025 | December 31,2024 |
|---|---|---|
| Assets | ||
| Cash and due from banks | $2,128 | $1,909 |
| Interest-bearing deposits at banks | 19,297 | 18,873 |
| Trading account | 93 | 101 |
| Investment securities: | ||
| Available for sale (cost: $21,458 at June 30, 2025; $19,054 at December 31, 2024) | 21,540 | 18,849 |
| Held to maturity (fair value: $12,073 at June 30, 2025; $12,955 at December 31, 2024) | 13,024 | 14,195 |
| Equity and other securities (cost: $1,003 at June 30, 2025; $1,007 at December 31, 2024) | 1,004 | 1,007 |
| Total investment securities | 35,568 | 34,051 |
| Loans (a) | 136,116 | 135,581 |
| Allowance for loan losses | (2,197) | (2,184) |
| Net loans | 133,919 | 133,397 |
| Premises and equipment | 1,646 | 1,705 |
| Goodwill | 8,465 | 8,465 |
| Core deposit and other intangible assets | 84 | 94 |
| Accrued interest and other assets | 10,384 | 9,510 |
| Total assets | $211,584 | $208,105 |
| Liabilities | ||
| Noninterest-bearing deposits | $47,485 | $46,020 |
| Savings and interest-checking deposits | 102,874 | 100,599 |
| Time deposits | 14,094 | 14,476 |
| Total deposits | 164,453 | 161,095 |
| Short-term borrowings | 2,071 | 1,060 |
| Long-term borrowings (a) | 12,380 | 12,605 |
| Accrued interest and other liabilities | 4,155 | 4,318 |
| Total liabilities | 183,059 | 179,078 |
| Shareholders' equity | ||
| Preferred stock | 2,394 | 2,394 |
| Common stock, $0.50 par, 250,000,000 shares authorized, 179,436,779 shares issued at June 30, 2025 and December 31, 2024 | 90 | 90 |
| Common stock issuable, 9,556 shares at June 30, 2025; 11,642 shares at December 31, 2024 | 1 | 1 |
| Additional paid-in capital | 9,981 | 9,998 |
| Retained earnings | 19,870 | 19,079 |
| Accumulated other comprehensive income (loss), net | 215 | (164) |
| Treasury stock — common, at cost — 22,913,989 shares at June 30, 2025; 13,922,820 shares at December 31, 2024 | (4,026) | (2,371) |
| Total shareholders’ equity | 28,525 | 29,027 |
| Total liabilities and shareholders’ equity | $211,584 | $208,105 |
(a)Loans of $2.5 billion and $1.5 billion at June 30, 2025 and December 31, 2024, respectively, were held in special purpose trusts to settle the respective obligations of asset-backed notes issued by those trusts. The outstanding balances of those asset-backed notes issued to third party investors were included in Long-term borrowings and were $2.1 billion at June 30, 2025 and $1.2 billion at December 31, 2024.
- 5 -
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.