M&T BANK CORP
For the period ended Jun 30, 2026. Filed Aug 4, 2026.
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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, 2026 · Filed Aug 4, 2026
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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 each of June 30, 2026 and December 31, 2025, the Company had $75 million 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 June 30, 2026 and December 31, 2025, the Company had deferred revenue of $50 million and $54 million, respectively, related to the sources in the accompanying tables included in Accrued interest and other liabilities in the Company's Consolidated Balance Sheet.
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- Revenue from contracts with customers, continued
The following tables summarize sources of the Company’s noninterest income during the three-month and six-month periods ended June 30, 2026 and 2025 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 June 30, 2026 | ||||
| Classification in Consolidated Statement of Income | ||||
| Service charges on deposit accounts | $46 | $98 | $— | $144 |
| Trust income | 1 | — | 196 | 197 |
| Brokerage services income | 2 | — | 33 | 35 |
| Other revenues from operations: | ||||
| Merchant discount and credit card interchange fees | 18 | 27 | — | 45 |
| Other | 11 | 8 | 2 | 21 |
| $78 | $133 | $231 | $442 | |
| Classification in Consolidated Statement of Income | ||||
| Service charges on deposit accounts | $43 | $94 | $— | $137 |
| Trust income | 1 | — | 181 | 182 |
| Brokerage services income | 2 | — | 29 | 31 |
| Other revenues from operations: | ||||
| Merchant discount and credit card interchange fees | 19 | 27 | — | 46 |
| Other | 11 | 8 | 2 | 21 |
| $76 | $129 | $212 | $417 | |
| Six Months Ended June 30, 2026 | ||||
|---|---|---|---|---|
| Classification in Consolidated Statement of Income | ||||
| Service charges on deposit accounts | $93 | $190 | $— | $283 |
| Trust income | 2 | — | 378 | 380 |
| Brokerage services income | 3 | — | 67 | 70 |
| Other revenues from operations: | ||||
| Merchant discount and credit card interchange fees | 33 | 49 | — | 82 |
| Other | 26 | 15 | 4 | 45 |
| $157 | $254 | $449 | $860 | |
| Classification in Consolidated Statement of Income | ||||
| Service charges on deposit accounts | $88 | $182 | $— | $270 |
| Trust income | 2 | — | 357 | 359 |
| Brokerage services income | 3 | — | 60 | 63 |
| Other revenues from operations: | ||||
| Merchant discount and credit card interchange fees | 35 | 48 | — | 83 |
| Other | 20 | 15 | 4 | 39 |
| $148 | $245 | $421 | $814 | |
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