M&T BANK CORPMTB

M&T BANK CORP Revenue Disclosure

10-KFiled Feb 18, 20262 min read
Revenue from contracts with customers
The Company generally charges customer accounts or otherwise bills customers upon completion of its services. Typically, the Company’s contracts with customers have a duration of one year or less and payment for services is received at least annually, but oftentimes more frequently as services are provided. At December 31, 2025 and 2024, the Company had $75 million and $72 million, respectively, of amounts receivable related to recognized revenue from the sources in the accompanying tables. Such amounts are classified in Accrued interest and other assets in the Consolidated Balance Sheet. In certain situations the Company is paid in advance of providing services and defers the recognition of revenue until its service obligation is satisfied. At December 31, 2025 and 2024, the Company had deferred revenue of $54 million and $57 million, respectively, related to the sources in the accompanying tables recorded in Accrued interest and other liabilities in the Consolidated Balance Sheet. The following table summarizes sources of the Company’s noninterest income during 2025, 2024 and 2023 that are subject to the revenue recognition guidance.
(Dollars in millions)Commercial BankRetail BankInstitutional Services and Wealth ManagementTotal
Year Ended December 31, 2025
Classification in Consolidated Statement of Income
Service charges on deposit accounts$177 $373 $1 $551 
Trust income4 — 720 724 
Brokerage services income6 — 125 131 
Other revenues from operations:
Merchant discount and credit card interchange fees
75 98 — 173 
Other40 30 8 78 
$302 $501 $854 $1,657 
Year Ended December 31, 2024
Classification in Consolidated Statement of Income
Service charges on deposit accounts$160 $353 $1 $514 
Trust income3 — 672 675 
Brokerage services income6 — 115 121 
Other revenues from operations:
Merchant discount and credit card interchange fees
74 88 — 162 
Other29 30 10 69 
$272 $471 $798 $1,541 
Year Ended December 31, 2023
Classification in Consolidated Statement of Income
Service charges on deposit accounts$144 $330 $1 $475 
Trust income2 — 678 680 
Brokerage services income6 — 96 102 
Other revenues from operations:
Merchant discount and credit card interchange fees
77 84 — 161 
Other28 30 8 66 
$257 $444 $783 $1,484 

Historical Timeline

Fiscal YearFiled
2025Feb 18, 2026Showing above
2024Feb 19, 2025
2023Feb 21, 2024
2022Feb 22, 2023
2021Feb 16, 2022
2020Feb 22, 2021
2019Feb 20, 2020
2018Feb 20, 2019

About Revenue Disclosures

Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.

Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.

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