Company: MTB-PJ
Filing Date: 2025-10-30
Form Type: 424B5
Source: 0001193125-25-257002
Chunk: 45

Company: M&T BANK CORP
Filing Date: 2025-10-30
Form: 424B5
Chunk 45
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 the Depositary Shares, to exercise any voting rights of the Series I Preferred Stock.

Perpetual 7.500% Non-Cumulative PreferredStock, Series J

On May 9, 2024, we filed with the New York State Department of State a Certificate of Amendment to Certificate of Incorporation for the
purpose of fixing the designations, preferences, limitations and relative rights of a series of the Series J Preferred Stock.

The terms
of the Series J Preferred Stock provide that holders of the Series J Preferred Stock are entitled to, as and when declared by our board of directors, or a duly authorized committee of our board of
directors, non-cumulative cash dividends, which accrue from the issue date of the Series J Preferred Stock at a rate equal to 7.500% per annum for each dividend period and are payable quarterly, in
arrears, on March 15, June 15, September 15 and December 15 of each year, beginning on September 15, 2024.

Upon
the payment of any dividends on the Series J Preferred Stock, holders of Depositary Shares will receive a related proportionate payment. Dividends on shares of the Series J Preferred Stock will not be

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cumulative. Dividends on the Series J Preferred Stock will not be declared, paid or set aside for payment to the extent such act would cause M&T to fail to comply with applicable laws and
regulations, including applicable capital adequacy guidelines.

The Series J Preferred Stock is perpetual and has no maturity date.
M&T may redeem the Series J Preferred Stock, in whole or in part, from time to time, on any dividend payment date on or after June 15, 2029, or, in whole but not in part, at any time within 90 days following a regulatory capital treatment
event (subject to limitations described in the Certificate of Amendment), in each case at a redemption price equal to $10,000 per share (equivalent to $25 per Depositary Share), together with an amount equal to any dividends that have been declared
but not paid prior to the redemption date, without accumulation of undeclared dividends.

The Series J Preferred Stock has voting rights
only with respect to amending M&T’s certificate of incorporation to authorize or increase stock ranking senior to the Series J Preferred Stock, certain changes in terms of the Series J Preferred Stock, certain dividend non-payments and as otherwise required by applicable law. Holders of Depositary Shares