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Borrowings - Schedule of Borrowings (Details) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Short-term borrowings    
Repurchase agreements $ 59,000 $ 60,000
Advances from FHLB 2,000,000 1,000,000
Total short-term borrowings 2,059,000 1,060,000
Long-term borrowings    
Senior notes 3,745,000 3,745,000
Advances from FHLB 3,000 2,004,000
Subordinated notes 487,000 474,000
Other 10,000 10,000
Total long-term borrowings [1] 12,928,000 12,605,000
M&T    
Long-term borrowings    
Senior notes 5,605,000 4,710,000
Subordinated notes 747,000 0
Junior subordinated debentures — M&T (a) 402,000 433,000
Asset-backed notes (a) $ 1,929,000 $ 1,229,000
[1] Loans of $2.3 billion and $1.5 billion at September 30, 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 issued to third party investors were included in Long-term borrowings and were $1.9 billion at September 30, 2025 and $1.2 billion at December 31, 2024.