M&T BANK CORP
For the period ended Sep 30, 2025. Filed Oct 27, 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.
Sep 30, 2025 · Filed Oct 27, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheet
Consolidated Balance Sheet (Unaudited)
| (Dollars in millions, except per share) | September 30,2025 | December 31,2024 |
|---|---|---|
| Assets | ||
| Cash and due from banks | $1,950 | $1,909 |
| Interest-bearing deposits at banks | 16,751 | 18,873 |
| Trading account | 95 | 101 |
| Investment securities: | ||
| Available for sale (cost: $23,000 at September 30, 2025; $19,054 at December 31, 2024) | 23,163 | 18,849 |
| Held to maturity (fair value: $11,924 at September 30, 2025; $12,955 at December 31, 2024) | 12,711 | 14,195 |
| Equity and other securities (cost: $989 at September 30, 2025; $1,007 at December 31, 2024) | 990 | 1,007 |
| Total investment securities | 36,864 | 34,051 |
| Loans (a) | 136,974 | 135,581 |
| Allowance for loan losses | (2,161) | (2,184) |
| Net loans | 134,813 | 133,397 |
| Premises and equipment | 1,621 | 1,705 |
| Goodwill | 8,465 | 8,465 |
| Core deposit and other intangible assets | 74 | 94 |
| Accrued interest and other assets | 10,644 | 9,510 |
| Total assets | $211,277 | $208,105 |
| Liabilities | ||
| Noninterest-bearing deposits | $44,994 | $46,020 |
| Savings and interest-checking deposits | 104,812 | 100,599 |
| Time deposits | 13,620 | 14,476 |
| Total deposits | 163,426 | 161,095 |
| Short-term borrowings | 2,059 | 1,060 |
| Long-term borrowings (a) | 12,928 | 12,605 |
| Accrued interest and other liabilities | 4,136 | 4,318 |
| Total liabilities | 182,549 | 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 September 30, 2025 and December 31, 2024 | 90 | 90 |
| Common stock issuable, 7,846 shares at September 30, 2025; 11,642 shares at December 31, 2024 | 1 | 1 |
| Additional paid-in capital | 9,995 | 9,998 |
| Retained earnings | 20,392 | 19,079 |
| Accumulated other comprehensive income (loss), net | 277 | (164) |
| Treasury stock — common, at cost — 24,926,404 shares at September 30, 2025; 13,922,820 shares at December 31, 2024 | (4,421) | (2,371) |
| Total shareholders’ equity | 28,728 | 29,027 |
| Total liabilities and shareholders’ equity | $211,277 | $208,105 |
(a)Loans of $2.3 billion and $1.5 billion at September 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 $1.9 billion at September 30, 2025 and $1.2 billion at December 31, 2024.
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