M&T BANK CORP
For the period ended Dec 31, 2025. Filed Feb 18, 2026.
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FY2025 · Filed Feb 18, 2026
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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 December 31, 2025 and 2024, the Company had $75 million and $72 million, respectively, of amounts receivable related to recognized revenue from the sources in the accompanying tables. Such amounts are classified in Accrued interest and other assets in the 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 December 31, 2025 and 2024, the Company had deferred revenue of $54 million and $57 million, respectively, related to the sources in the accompanying tables recorded in Accrued interest and other liabilities in the Consolidated Balance Sheet. The following table summarizes sources of the Company’s noninterest income during 2025, 2024 and 2023 that are subject to the revenue recognition guidance.
| (Dollars in millions) | Commercial Bank | Retail Bank | Institutional Services and Wealth Management | Total |
|---|---|---|---|---|
| Classification in Consolidated Statement of Income | ||||
| Service charges on deposit accounts | $177 | $373 | $1 | $551 |
| Trust income | 4 | — | 720 | 724 |
| Brokerage services income | 6 | — | 125 | 131 |
| Other revenues from operations: | ||||
| Merchant discount and credit card interchange fees | 75 | 98 | — | 173 |
| Other | 40 | 30 | 8 | 78 |
| $302 | $501 | $854 | $1,657 | |
| Classification in Consolidated Statement of Income | ||||
| Service charges on deposit accounts | $160 | $353 | $1 | $514 |
| Trust income | 3 | — | 672 | 675 |
| Brokerage services income | 6 | — | 115 | 121 |
| Other revenues from operations: | ||||
| Merchant discount and credit card interchange fees | 74 | 88 | — | 162 |
| Other | 29 | 30 | 10 | 69 |
| $272 | $471 | $798 | $1,541 | |
| Classification in Consolidated Statement of Income | ||||
| Service charges on deposit accounts | $144 | $330 | $1 | $475 |
| Trust income | 2 | — | 678 | 680 |
| Brokerage services income | 6 | — | 96 | 102 |
| Other revenues from operations: | ||||
| Merchant discount and credit card interchange fees | 77 | 84 | — | 161 |
| Other | 28 | 30 | 8 | 66 |
| $257 | $444 | $783 | $1,484 | |
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