XML 41 R30.htm IDEA: XBRL DOCUMENT
v3.25.2

Borrowings (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Debt Disclosure [Abstract] |
Schedule of Borrowings | The following table summarizes the Company's short-term and long-term borrowings at June 30, 2025 and December 31, 2024.
(Dollars in millions) | June 30, 2025 |  | December 31, 2024
Short-term borrowings |  |  |
Repurchase agreements | $ | 71 |  |  | $ | 60 |
Advances from FHLB | 2,000 |  |  | 1,000 |
Total short-term borrowings | $ | 2,071 |  |  | $ | 1,060 |
Long-term borrowings |  |  |
Senior notes — M&T | $ | 5,594 |  |  | $ | 4,710 |
Senior notes — M&T Bank | 3,744 |  |  | 3,745 |
Advances from FHLB | 4 |  |  | 2,004 |
Subordinated notes — M&T Bank | 485 |  |  | 474 |
Junior subordinated debentures — M&T (a) | 402 |  |  | 433 |
Asset-backed notes (a) | 2,141 |  |  | 1,229 |
Other | 10 |  |  | 10 |
Total long-term borrowings | $ | 12,380 |  |  | $ | 12,605 |
__________________________________________________________________________________ (a) Further information about Junior Subordinated Debentures and asset-backed note financing transactions is provided in note 12. Information about the asset-backed notes issued to investors and the respective special purpose trust at June 30, 2025 and December 31, 2024 are included in the following table.
| (Dollars in millions) |  |  |  | June 30, 2025 |  | December 31, 2024
| Issue Date |  | Collateral Type |  | Remaining Loan Collateral Balance |  | Asset-Backed Notes to Investors |  | Weighted-Average Life |  | Weighted-Average Rate |  | Remaining Loan Collateral Balance |  | Asset-Backed Notes to Investors
| August 2023 |  | Equipment finance loans and leases |  | $ | 324 |  |  | $ | 214 |  |  | 0.8 |  | 5.74 | % |  | $ | 416 |  |  | $ | 297 |
| March 2024 |  | Automobile loans |  | 314 |  | 302 |  | 1.3 |  | 5.28 |  |  | 383 |  | 371
| August 2024 |  | Equipment finance loans and leases |  | 588 |  | 478 |  | 1.3 |  | 4.88 |  |  | 691 |  | 561
| February 2025 |  | Automobile loans |  | 641 |  | 627 |  | 1.7 |  | 4.76 |  |  | — |  |  | — |
| May 2025 |  | Equipment finance loans and leases |  | 636 |  | 520 |  | 2.0 |  | 4.74 |  |  | — |  |  | — |
|  |  |  |  |  |  | $ | 2,141 |  |  |  |  |  |  |  |  | $ | 1,229 |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration