Company: MTB-PJ
Filing Date: 2025-10-30
Form Type: 424B5
Source: 0001193125-25-257002
Chunk: 42

Company: M&T BANK CORP
Filing Date: 2025-10-30
Form: 424B5
Chunk 42
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 date, without accumulation of undeclared dividends.

The Series
G 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 G Preferred Stock, certain changes in terms of the Series G Preferred Stock,
certain dividend non-payments and as otherwise required by applicable law. Holders of Depositary Shares must act through Computershare Inc., the depositary for the Depositary Shares, to exercise any voting
rights of the Series G Preferred Stock.

Perpetual Fixed-to-Floating Rate Non-Cumulative PreferredStock, Series H

In connection with the completion of the acquisition of People’s United, M&T 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 H Preferred Stock on April 1, 2022.

The terms of the Series H Preferred Stock provide that holders of the Series H 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 paid (i) during the period from the issue date of the Series H Preferred Stock to, but
excluding, December 15, 2026 (the “Series H Fixed Rate Period”), quarterly, in arrears, on March 15, June 15, September 15 and December 15 of each year, beginning on the first dividend payment date following the
issue date of Series H and (ii) during the period from and including December 15, 2026 through the redemption date of the Series H Preferred Stock, if any (the “Series H Floating Rate Period”), quarterly, in arrears, on
March 15, June 15, September 15 and December 15 of each year, beginning on March 15, 2027.

Dividends on the
Series H Preferred Stock will accrue from the original issue date at a rate equal to (i) 5.625% per annum for each dividend period during the Series H Fixed Rate Period and (ii) three-month LIBORplus a spread of 4.020%
per annum for each quarterly dividend period during the Series H Floating Rate Period. No dividends may be paid on our common stock or other junior stock unless all the accrued and unpaid dividends for the latest dividend period have been paid in
full on the Series H Preferred Stock. The