M&T BANK CORP
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
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.
Sep 30, 2026 · Filed Nov 5, 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 September 30, 2026 and December 31, 2025, the Company had $78 million and $75 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 each of September 30, 2026 and December 31, 2025, the Company had deferred revenue of $54 million 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 nine-month periods ended September 30, 2026 and 2025 that are subject to the revenue recognition accounting guidance. As described in note 1 the Company made certain changes and reclassifications to its Consolidated Statement of Income. All periods presented herein reflect those changes.
| (Dollars in millions) | Commercial Bank | Retail Bank | Institutional Services and Wealth Management | Total |
|---|---|---|---|---|
| Three Months Ended September 30, 2026 | ||||
| Classification in Consolidated Statement of Income | ||||
| Trust and investment services income | $2 | $— | $228 | $230 |
| Service charges on deposit accounts | 46 | 63 | — | 109 |
| Card revenues | 21 | 66 | — | 87 |
| Capital markets and advisory revenues | 7 | — | — | 7 |
| Other revenues from operations | 4 | 1 | — | 5 |
| $80 | $130 | $228 | $438 | |
| Classification in Consolidated Statement of Income | ||||
| Trust and investment services income | $2 | $— | $215 | $217 |
| Service charges on deposit accounts | 45 | 60 | — | 105 |
| Card revenues | 20 | 67 | — | 87 |
| Capital markets and advisory revenues | 9 | — | — | 9 |
| Other revenues from operations | 2 | 3 | — | 5 |
| $78 | $130 | $215 | $423 | |
| Nine Months Ended September 30, 2026 | ||||
|---|---|---|---|---|
| Classification in Consolidated Statement of Income | ||||
| Trust and investment services income | $7 | $— | $677 | $684 |
| Service charges on deposit accounts | 139 | 183 | — | 322 |
| Card revenues | 54 | 194 | — | 248 |
| Capital markets and advisory revenues | 26 | — | — | 26 |
| Other revenues from operations | 11 | 7 | — | 18 |
| $237 | $384 | $677 | $1,298 | |
| Classification in Consolidated Statement of Income | ||||
| Trust and investment services income | $7 | $— | $636 | $643 |
| Service charges on deposit accounts | 133 | 174 | — | 307 |
| Card revenues | 55 | 192 | — | 247 |
| Capital markets and advisory revenues | 23 | — | — | 23 |
| Other revenues from operations | 8 | 9 | — | 17 |
| $226 | $375 | $636 | $1,237 | |
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