M&T BANK CORP
For the period ended Sep 30, 2025. Filed Oct 27, 2025.
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Sep 30, 2025 · Filed Oct 27, 2025
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7. Revenue from contracts with customers
- Revenue from contracts with customers
The Company generally charges customer accounts or otherwise bills customers upon completion of its services. Typically, the Company’s contracts with customers have a duration ofone year or less and payment for services is received at least annually, but oftentimes more frequently as services are provided. At September 30, 2025 and December 31, 2024, the Company had $68 million and $72 million, respectively, of amounts receivable related to recognized revenue from the sources in the accompanying tables. Such amounts are included in Accrued interest and other assets in the Company's Consolidated Balance Sheet. In certain situations the Company is paid in advance of providing services and defers the recognition of revenue until its service obligation is satisfied. At September 30, 2025 and December 31, 2024, the Company had deferred revenue of $54 million and $57 million, respectively, related to the sources in the accompanying tables included in Accrued interest and other liabilities in the Company's Consolidated Balance Sheet. The following tables summarize sources of the Company’s noninterest income during the three-month and nine-month periods ended September 30, 2025 and 2024 that are subject to the revenue recognition accounting guidance.
| (Dollars in millions) | Commercial Bank | Retail Bank | Institutional Services and Wealth Management | Total |
|---|---|---|---|---|
| Three Months Ended September 30, 2025 | ||||
| Classification in Consolidated Statement of Income | ||||
| Service charges on deposit accounts | $45 | $96 | $— | $141 |
| Trust income | 1 | — | 180 | 181 |
| Brokerage services income | 1 | — | 33 | 34 |
| Other revenues from operations: | ||||
| Merchant discount and credit card interchange fees | 20 | 27 | — | 47 |
| Other | 11 | 7 | 2 | 20 |
| $78 | $130 | $215 | $423 | |
| Classification in Consolidated Statement of Income | ||||
| Service charges on deposit accounts | $40 | $92 | $— | $132 |
| Trust income | 1 | — | 169 | 170 |
| Brokerage services income | 2 | — | 30 | 32 |
| Other revenues from operations: | ||||
| Merchant discount and credit card interchange fees | 18 | 23 | — | 41 |
| Other | 8 | 8 | 3 | 19 |
| $69 | $123 | $202 | $394 | |
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- Revenue from contracts with customers, continued
| (Dollars in millions) | Commercial Bank | Retail Bank | Institutional Services and Wealth Management | Total |
|---|---|---|---|---|
| Nine Months Ended September 30, 2025 | ||||
| Classification in Consolidated Statement of Income | ||||
| Service charges on deposit accounts | $133 | $278 | $— | $411 |
| Trust income | 3 | — | 537 | 540 |
| Brokerage services income | 4 | — | 93 | 97 |
| Other revenues from operations: | ||||
| Merchant discount and credit card interchange fees | 55 | 75 | — | 130 |
| Other | 31 | 22 | 6 | 59 |
| $226 | $375 | $636 | $1,237 | |
| Classification in Consolidated Statement of Income | ||||
| Service charges on deposit accounts | $120 | $263 | $— | $383 |
| Trust income | 3 | — | 497 | 500 |
| Brokerage services income | 5 | — | 86 | 91 |
| Other revenues from operations: | ||||
| Merchant discount and credit card interchange fees | 54 | 67 | — | 121 |
| Other | 23 | 23 | 8 | 54 |
| $205 | $353 | $591 | $1,149 | |
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