M&T Bank raises $450M via 18M depositary shares of 6.350% Series K Preferred Stock

M&T BANK CORP

Sold 18M depositary shares (each 1/400th interest) at $25/share; total liquidation preference $450M.
Series K is perpetual, 6.350% non-cumulative dividend, senior to common stock.
Dividends payable quarterly from Dec 15, 2025; redemption allowed on/after Dec 15, 2030 at $10,000/share.
Offering completed Oct 31, 2025; underwriters led by RBC, BofA, Morgan Stanley, UBS, Wells Fargo.

item 3.03 item 5.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

M&T BANK CORP issued preferred stock.

Security: preferred stock

Exact text from the filing

establishing the rights, preferences, privileges, qualifications, restrictions and limitations of a new series of its preferred stock designated as the Perpetual 6.350% Non-Cumulative Preferred Stock, Series K

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

M&T BANK CORP: Filed a certificate of amendment to establish the rights and designations of a new series of preferred stock (Series K) (effective 2025-10-29).

Change: charter amendment
Effective: 2025-10-29

Exact text from the filing

On October 29, 2025, M&T filed with the New York State Department of State the Certificate of Amendment for the purpose of fixing the designations, preferences, limitations and relative rights of the Series K Preferred Stock.

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M&T BANK CORP filing history →

Source: SEC EDGAR

accession 0001193125-25-260717

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