---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-310413"
form_type: "8-K"
ticker: "MTB"
cik: "0000036270"
company_name: "M&T BANK CORP"
filed_at: "2026-07-21T20:36:41+00:00"
generated_at: "2026-07-21T20:38:28.215203+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# M&T Bank issues $600M of 6.625% Series L Non-Cumulative Preferred Stock

## Summary
- Issued 24M depositary shares (1/400th interest) in Series L Preferred, liquidation preference $10,000/share ($25/depositary).
- Dividend rate 6.625% per annum, non-cumulative, payable quarterly starting Sept 15, 2026.
- Series L is perpetual, redeemable at M&T's option on or after Sept 15, 2031, or within 90 days of a regulatory capital treatment event.
- Offering completed July 21, 2026; underwriters include BofA Securities, J.P. Morgan, Morgan Stanley, M&T Securities, Raymond James, UBS, Wells Fargo.
- Series L ranks senior to common stock and equally with existing Series F, H, I, J, K preferred stock.

## SEC filing metadata
- accession: 0001193125-26-310413
- form_type: 8-K
- ticker: MTB
- cik: 0000036270
- company_name: M&T BANK CORP
- filed_at: 2026-07-21T20:36:41+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/36270/000119312526310413/0001193125-26-310413-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/36270/000119312526310413/d127076d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-310413
- JSON: https://secwatch.observer/filing/0001193125-26-310413.json
- Plain text: https://secwatch.observer/filing/0001193125-26-310413.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.