M&T Bank Corporation reported its financial results for the second quarter of 2025, revealing a net income of $716 million, a 23% increase from $584 million in the previous quarter and a 10% rise from $655 million in the same quarter last year. The bank's net interest income for the quarter was $1.713 billion, slightly up from $1.695 billion in the first quarter of 2025, while total interest income decreased to $2.609 billion from $2.789 billion year-over-year. The provision for credit losses was $125 million, down from $130 million in the previous quarter and significantly lower than $150 million in the same quarter of 2024, reflecting improved credit quality.
In terms of operational metrics, M&T Bank's total assets increased to $211.584 billion as of June 30, 2025, compared to $208.105 billion at the end of 2024. The bank's total loans rose to $136.116 billion, up from $135.581 billion at the end of the previous year. The bank's customer base also expanded, with noninterest-bearing deposits reaching $45.153 billion, while total deposits increased to $164.453 billion from $161.095 billion. The bank's employee headcount rose to 22,590, reflecting ongoing investments in staffing to support growth.
Strategically, M&T Bank completed the sale of Wilmington Trust SP Services Inc. in May 2025, which contributed a $10 million gain to other revenues. The bank also reported strong performance in its mortgage banking segment, with revenues increasing by 11% to $130 million compared to the previous quarter. The bank's trust income also saw a modest increase, contributing to the overall growth in noninterest income, which totaled $683 million for the quarter, up 12% from the previous quarter.
Looking ahead, M&T Bank's management expressed optimism about maintaining its growth trajectory, supported by a diversified funding strategy and a focus on enhancing customer relationships. The bank's capital ratios remain strong, with a Common Equity Tier 1 (CET1) capital ratio of 10.99% as of June 30, 2025. The bank continues to monitor economic conditions and credit quality closely, particularly in light of potential inflationary pressures and changes in interest rates that could impact its loan portfolio.
About M&T BANK CORP
M&T Bank Corporation is a diversified financial services company offering retail and commercial banking, trust, wealth management, and investment services through its subsidiaries, primarily M&T Bank and Wilmington Trust. Serving consumers, businesses, and institutions across multiple U.S. states, it emphasizes prudent risk management, regulatory compliance, and a broad product portfolio to maintain financial stability and competitive advantage.
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