M&T BANK CORP
For the period ended Jun 30, 2026. Filed Aug 4, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 4, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
6. Shareholders' equity
- Shareholders' equity
M&T is authorized to issue 20,000,000 shares of preferred stock with a $1.00 par value per share. Preferred shares outstanding rank senior to common shares both as to dividends and liquidation preference, but have no general voting rights. Notwithstanding M&T’s option to redeem the shares, if an event occurs such that the shares no longer qualify as Tier 1 capital, M&T may redeem all of the shares within 90 days following that occurrence. Issued and outstanding preferred stock of M&T as of June 30, 2026 and December 31, 2025 is presented below.
| (Dollars in millions, except per share) · Shares Issued and Outstanding · Liquidation Preference Per Share · Issuance Date · Earliest Redemption Date · Annual Dividend Rate · Carrying Amount · Dividends Per Share | ||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Three Months Ended June 30, · Six Months Ended June 30, | ||||||||||||||||||||||||
| Series · June 30, 2026 · December 31, 2025 · June 30, 2026 · December 31, 2025 · 2026 · 2025 · 2026 · 2025 | ||||||||||||||||||||||||
| Series F (a) | 50,000 | 50,000 | $10,000 | 10/28/2016 | 11/1/2026 | 5.125% | $500 | $500 | $128.13 | $128.13 | $256.25 | $256.25 | ||||||||||||
| Series G (b) | — | 40,000 | 10,000 | — | — | — | — | 400 | — | 182.60 | 182.60 | 365.20 | ||||||||||||
| Series H (c) | 10,000,000 | 10,000,000 | 25 | 4/1/2022 | 4/1/2027 | 5.625 | 261 | 261 | 0.35 | 0.35 | 0.70 | 0.70 | ||||||||||||
| Series I (d) | 50,000 | 50,000 | 10,000 | 8/17/2021 | 9/1/2026 | 3.500 | 500 | 500 | 87.50 | 87.50 | 175.00 | 175.00 | ||||||||||||
| Series J (e) | 75,000 | 75,000 | 10,000 | 5/13/2024 | 6/15/2029 | 7.500 | 733 | 733 | 187.50 | 187.50 | 375.00 | 375.00 | ||||||||||||
| Series K (f) | 45,000 | 45,000 | 10,000 | 10/31/2025 | 12/15/2030 | 6.350 | 440 | 440 | 158.75 | — | 317.50 | — | ||||||||||||
| Total | 10,220,000 | 10,260,000 | $2,434 | $2,834 | ||||||||||||||||||||
(a)Dividends, if declared, are paid semi-annually at a rate of 5.125% through October 31, 2026 and thereafter will be paid quarterly at a rate of the three-month SOFR plus 378 basis points.
(b)On February 1, 2026, M&T redeemed all outstanding shares of the Series G Preferred Stock at par value.
(c)Dividends, if declared, are paid quarterly at a rate of 5.625% through December 14, 2026 and thereafter will be paid quarterly at a rate of the three-month SOFR rate plus 428 basis points.
(d)Dividends, if declared, are paid semi-annually at a rate of 3.5% through August 31, 2026. On September 1, 2026 and at each subsequent five year anniversary date therefrom the dividend rate will reset at a rate of the five-year U.S. Treasury rate plus 2.679%.
(e)Dividends, if declared, are paid quarterly at a rate of 7.5%.
(f)Dividends, if declared, are paid quarterly at a rate of 6.35%.
In July 2026 M&T issued 60,000 shares of Perpetual Non-cumulative Preferred Stock Series L, with a liquidation preference of $10,000 per share. Holders of the Series L preferred stock are entitled to receive, if declared, dividends at an annual rate of 6.625%, payable quarterly in arrears until redemption. The Series L preferred stock may be redeemed at M&T's option on any dividend payment date on or after September 15, 2031 or at any time within 90 days following an event whereby the shares no longer qualify as Tier 1 capital.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.