Applications / Mortgage Analytics / Lenders / New York / M&T Bank
Buffalo, NY · State member bank · FRS · $213 billion assets · 23,446 loans in 2025
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23,446
loans originated, 2025
40,597
applications, 2025
51
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
M&T Bank grew 13% in 2025, faster than the whole market's 10%, and 34.7% of its borrowers were LMI (low- and moderate-income), up from 31.1% in 2020 and higher than about nine in ten similar lenders.
Similar lenders are state member banks making between a quarter and four times as many loans. Originations rose from 20,743 to 23,446, a rise of 13%, faster than about seven in ten of them, whose typical growth was 9%, though still below 30,860 in 2021. Lending by value rose faster, from $5.37 billion to $7.39 billion.
Purchase loans are 32.3% of its lending, refinancing 27.6% and home improvement 27.4%. That large home-improvement share may explain why its typical loan of $165,000 was smaller than at about seven in ten similar lenders, against $190,000.
It turned down 8.0% of first-lien home-purchase applications on owner-occupied homes and 25.1% of refinance applications, both near the middle of similar lenders. Higher-priced loans (a rate well above the average for similar loans) fell from 14.4% to 2.9%, and its typical rate from 7.00% to 5.99%, lower than more than four in five of them.
It ranks second of 267 lenders in Buffalo, with 10.0% of lending, up from 9.4%, behind United Wholesale Mortgage. In Hartford its share eased from 2.0% to 1.9%, and it ranks 15th in New York.
Questions the data can answer next
Similar lenders: same lender type, originations between a quarter and four times the lender's. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. M&T Bank took 40,597 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 32.3% · Refinance 27.6% · Home improvement 27.4% · Other 12.7%
Conventional 90.4% · FHA 6.1% · VA 3.4% · USDA (RHS or FSA) 0.1% · of 23,446 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| New York | 7,073 | 30.2% |
| Maryland | 3,115 | 13.3% |
| Pennsylvania | 3,099 | 13.2% |
| Connecticut | 2,398 | 10.2% |
| Massachusetts | 1,690 | 7.2% |
| New Jersey | 1,501 | 6.4% |
| Virginia | 901 | 3.8% |
| Delaware | 767 | 3.3% |
| Vermont | 352 | 1.5% |
| Florida | 342 | 1.5% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Buffalo-Cheektowaga | 2,488 |
| Baltimore-Columbia-Towson | 1,787 |
| New York-Jersey City-White Plains | 1,333 |
| Bridgeport-Stamford-Danbury | 954 |
| Hartford-West Hartford-East Hartford | 827 |
| Nassau County-Suffolk County | 761 |
| Arlington-Alexandria-Reston | 711 |
| Cambridge-Newton-Framingham | 678 |
| Rochester | 631 |
| Frederick-Gaithersburg-Bethesda | 617 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | WWB2V0FCW3A0EE3ZJN75 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 501105 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 2501105 | 1990–2010 |
| Respondent ID (the HMDA filer code before 2018) | 9501105 | 2011–2017 |
Established 1 January 1856. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: M&T Bank's data.
M&T Bank's data
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M&T Bank and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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