Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 143

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 8
Chunk 143
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 facilities and could increase the availability under such facilities by pledging additional assets.

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5. Shareholders' equity

M&T is authorized to issue 20,000,000 shares of preferred stock with a $1.00 par value per share. Preferred shares outstanding rank senior to common shares both as to dividends and liquidation preference, but have no general voting rights. Notwithstanding M&T’s option to redeem the shares, if an event occurs such that the shares no longer qualify as Tier 1 capital, M&T may 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