M&T BANK CORP
For the period ended Mar 31, 2025. Filed May 5, 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.
Mar 31, 2025 · Filed May 5, 2025
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4. Borrowings
- Borrowings
| (Dollars in millions) | March 31, 2025 | December 31, 2024 |
|---|---|---|
| Short-term borrowings | ||
| Repurchase agreements | $73 | $60 |
| Advances from FHLB | 1,500 | 1,000 |
| Total short-term borrowings | $1,573 | $1,060 |
| Long-term borrowings | ||
| Senior notes — M&T | $4,796 | $4,710 |
| Senior notes — M&T Bank | 2,996 | 3,745 |
| Advances from FHLB | 4 | 2,004 |
| Subordinated notes — M&T Bank | 481 | 474 |
| Junior subordinated debentures — M&T (a) | 402 | 433 |
| Asset-backed notes (a) | 1,807 | 1,229 |
| Other | 10 | 10 |
| Total long-term borrowings | $10,496 | $12,605 |
(a) Further information about Junior Subordinated Debentures and asset-backed note financing transactions is provided in note 11.
M&T Bank had secured borrowing facilities available with the FHLB of New York and the FRB of New York totaling approximately $18.6 billion and $24.7 billion, respectively, at March 31, 2025. M&T Bank is required to pledge loans and investment securities as collateral for these borrowing facilities and could increase the availability under such facilities by pledging additional assets.
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