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
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) | March 31,2025 | December 31,2024 |
|---|---|---|
| Assets | ||
| Cash and due from banks | $2,109 | $1,909 |
| Interest-bearing deposits at banks | 20,656 | 18,873 |
| Trading account | 96 | 101 |
| Investment securities: | ||
| Available for sale (cost: $20,807 at March 31, 2025; $19,054 at December 31, 2024) | 20,799 | 18,849 |
| Held to maturity (fair value: $12,308 at March 31, 2025; $12,955 at December 31, 2024) | 13,352 | 14,195 |
| Equity and other securities (cost: $986 at March 31, 2025; $1,007 at December 31, 2024) | 986 | 1,007 |
| Total investment securities | 35,137 | 34,051 |
| Loans and leases (a) | 134,574 | 135,581 |
| Allowance for credit losses | (2,200) | (2,184) |
| Net loans and leases | 132,374 | 133,397 |
| Premises and equipment | 1,661 | 1,705 |
| Goodwill | 8,465 | 8,465 |
| Core deposit and other intangible assets | 93 | 94 |
| Accrued interest and other assets | 9,730 | 9,510 |
| Total assets | $210,321 | $208,105 |
| Liabilities | ||
| Noninterest-bearing deposits | $49,051 | $46,020 |
| Savings and interest-checking deposits | 102,379 | 100,599 |
| Time deposits | 13,979 | 14,476 |
| Total deposits | 165,409 | 161,095 |
| Short-term borrowings | 1,573 | 1,060 |
| Long-term borrowings (a) | 10,496 | 12,605 |
| Accrued interest and other liabilities | 3,852 | 4,318 |
| Total liabilities | 181,330 | 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 March 31, 2025 and December 31, 2024 | 90 | 90 |
| Common stock issuable, 9,490 shares at March 31, 2025; 11,642 shares at December 31, 2024 | 1 | 1 |
| Additional paid-in capital | 9,968 | 9,998 |
| Retained earnings | 19,405 | 19,079 |
| Accumulated other comprehensive income (loss), net | 90 | (164) |
| Treasury stock — common, at cost — 16,894,734 shares at March 31, 2025; 13,922,820 shares at December 31, 2024 | (2,957) | (2,371) |
| Total shareholders’ equity | 28,991 | 29,027 |
| Total liabilities and shareholders’ equity | $210,321 | $208,105 |
(a)Loans and leases of $2.1 billion and $1.5 billion at March 31, 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 were included in Long-term borrowings and were $1.8 billion at March 31, 2025 and $1.2 billion at December 31, 2024.
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