Company: MTB-PJ
Filing Date: 2025-10-30
Form Type: 424B5
Source: 0001193125-25-257002
Chunk: 0

Company: M&T BANK CORP
Filing Date: 2025-10-30
Form: 424B5
Chunk 0
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Filed Pursuant to Rule 424(b)(5)
Registration No. 333-274646 PROSPECTUS SUPPLEMENT (To prospectus dated September 22, 2023) 18,000,000 Depositary Shares Each Representing a 1/400th Interest in a Share of Perpetual 6.350% Non-Cumulative PreferredStock, Series K We are offering 18,000,000 depositary shares, each representing a 1/400th ownership interest in a share of our Perpetual 6.350% Non-Cumulative PreferredStock, Series K, par value $1.00 per share, with a $10,000 liquidation preference per share (equivalent to $25 per depositary share) (the “Preferred Stock”). As a holder of depositary shares, you will be entitled to proportionate rights and preferences of the Preferred Stock (including dividend, voting, redemption and liquidation rights). You must exercise these rights through the depositary. We will pay dividends on the Preferred Stock, when, as, and if declared by our board of directors or a duly authorized committee of our board of directors at a rate of 6.350% per annum, payable quarterly, in arrears, on March 15, June 15, September 15 and December 15 of each year, beginning on December 15, 2025. Upon the payment of any dividends on the Preferred Stock, holders of depositary shares will receive a related proportionate payment. Dividends on the Preferred Stock will not be cumulative. If for any reason our board of directors, or a duly authorized committee of our board of directors, does not declare a dividend on the Preferred Stock for any dividend period, such dividend will not accrue or be payable, and we will have no obligation to pay dividends for such dividend period, whether or not dividends on the Preferred Stock are declared for any future dividend period. Dividends on the Preferred Stock will not be declared, paid or set aside for payment to the extent such act would cause us to fail to comply with applicable laws and regulations, including applicable capital adequacy rules, or for which we have not received any applicable regulatory approvals. Subject to any applicable required regulatory approvals, we may redeem the Preferred Stock in whole or in part, from time to time, on any dividend payment date on or after December 15, 2030 or, in whole but not in part, at any time within 90 days following a regulatory capital treatment