v3.26.1
Borrowings - Schedule of Borrowings (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Short-term borrowings    
Repurchase agreements $ 64,000 $ 49,000
Advances from FHLB 4,550,000 2,100,000
Total short-term borrowings 4,614,000 2,149,000
Long-term borrowings    
Senior notes 3,142,000 1,946,000
Advances from FHLB 3,000 3,000
Subordinated notes 489,000 489,000
Other 10,000 10,000
Total long-term borrowings [1] 13,568,000 10,911,000
M&T    
Long-term borrowings    
Senior notes 5,497,000 5,583,000
Subordinated notes 1,245,000 747,000
Junior subordinated debentures — M&T (a) 403,000 403,000
Asset-backed notes (a) $ 2,779,000 $ 1,730,000
[1] Loans of $3.1 billion and $2.1 billion at June 30, 2026 and December 31, 2025, 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 $2.8 billion at June 30, 2026 and $1.7 billion at December 31, 2025.