Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 34

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 redeem all of the shares within 90 days following that occurrence. Issued and outstanding preferred stock of M&T as of March 31, 2025 and December 31, 2024 is presented below: (Dollars in millions, except per share)Shares Issued and OutstandingLiquidation Preference Per ShareIssuance DateEarliest Redemption DateAnnual Dividend RateCarrying AmountDividends Per ShareThree Months Ended March 31,SeriesMarch 31, 2025December 31,2024March 31, 2025December 31,202420252024Series E (a)——$1,000 — — — %$— $— $— $16.125 Series F (b)50,00050,00010,000 10/28/201611/1/20265.125 500 500 128.125 128.125 Series G (c)40,00040,00010,000 7/30/20198/1/20247.304 400 400 182.60 125.00 Series H (d)10,000,00010,000,00025 4/1/20224/1/20275.625 261 261 0.3516 0.3516 Series I (e)50,00050,00010,000 8/17/20219/1/20263.500 500 500 87.50 87.50 Series J (f)75,00075,00010,000 5/13/20246/15/20297.500 733 733 187.50 — Total10,215,00010,215,000$2,394 $2,394 __________________________________________________________________________________(a)On August 15, 2024, M&T redeemed all outstanding shares of the Series E Preferred Stock.(b)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. (c)Dividends, if declared, were paid semi-annually at a rate of 5.0% through July 31, 2024. On August 1, 2024, the dividend rate reset at 7.304