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Borrowings (Tables) | 9 Months Ended
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Sep. 30, 2025
Debt Disclosure [Abstract] |
Schedule of Borrowings | The following table summarizes the Company's short-term and long-term borrowings at September 30, 2025 and December 31, 2024.
(Dollars in millions) | September 30, 2025 |  | December 31, 2024
Short-term borrowings |  |  |
Repurchase agreements | $ | 59 |  |  | $ | 60 |
Advances from FHLB | 2,000 |  |  | 1,000 |
Total short-term borrowings | $ | 2,059 |  |  | $ | 1,060 |
Long-term borrowings |  |  |
Senior notes — M&T | $ | 5,605 |  |  | $ | 4,710 |
Senior notes — M&T Bank | 3,745 |  |  | 3,745 |
Advances from FHLB | 3 |  |  | 2,004 |
Subordinated notes — M&T | 747 |  |  | — |
Subordinated notes — M&T Bank | 487 |  |  | 474 |
Junior subordinated debentures — M&T (a) | 402 |  |  | 433 |
Asset-backed notes (a) | 1,929 |  |  | 1,229 |
Other | 10 |  |  | 10 |
Total long-term borrowings | $ | 12,928 |  |  | $ | 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 September 30, 2025 and December 31, 2024 are included in the following table.
| (Dollars in millions) |  |  |  | September 30, 2025 |  | December 31, 2024
| Issue Date |  | Collateral Type |  | Remaining Loan Collateral Balance |  | Asset-Backed Notes to Investors |  | Weighted-Average Life (In years) |  | Weighted-Average Rate |  | Remaining Loan Collateral Balance |  | Asset-Backed Notes to Investors
| August 2023 |  | Equipment finance loans and leases |  | $ | 284 |  |  | $ | 177 |  |  | 0.7 |  | 5.74 | % |  | $ | 416 |  |  | $ | 297 |
| March 2024 |  | Automobile loans |  | 282 |  |  | 269 |  |  | 1.3 |  | 5.25 |  |  | 383 |  | 371
| August 2024 |  | Equipment finance loans and leases |  | 536 |  |  | 437 |  |  | 1.5 |  | 4.87 |  |  | 691 |  | 561
| February 2025 |  | Automobile loans |  | 583 |  |  | 568 |  |  | 1.5 |  | 4.74 |  |  | — |  |  | — |
| May 2025 |  | Equipment finance loans and leases |  | 591 |  |  | 478 |  |  | 1.9 |  | 4.75 |  |  | — |  |  | — |
|  |  |  |  |  |  | $ | 1,929 |  |  |  |  |  |  |  |  | $ | 1,229 |

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- 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
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