Company: MTB-PJ
Filing Date: 2025-10-30
Form Type: 424B5
Source: 0001193125-25-257002
Chunk: 38

Company: M&T BANK CORP
Filing Date: 2025-10-30
Form: 424B5
Chunk 38
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 the depositary shall have any responsibility for the performance by DTC or its participants of their respective obligations as described in this prospectus supplement or
under the rules and procedures governing their respective operations.

“Beneficial owner” refers to the ownership interest of
each actual purchaser of each depositary share.

“Direct participants” refers to securities brokers and dealers, banks, trust
companies, clearing corporations and other organizations who, with the New York Stock Exchange, Inc. and the Financial Industry Regulatory

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Authority, Inc., own DTC. Purchases of depositary shares within the DTC system must be made by or through direct participants who will receive a credit for the depositary shares on DTC’s
records.

“Indirect participants” refers to others, like securities brokers and dealers, banks and trust companies that clear
through or maintain custodial relationships with direct participants, either directly or indirectly, and who also have access to the DTC system.

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DESCRIPTION OF OUR CAPITAL STOCK

The following is a summary of the material terms of our capital stock. This summary is qualified in its entiretybyreference to the applicable provisions of the New York Business Corporation Law, our Restated Certificate of Incorporation and Amended and Restated Bylaws, and federal law governing bank holding companies.

General

Our authorized capital stock
consists of 250,000,000 shares of common stock, par value $0.50 per share, and 20,000,000 shares of preferred stock, par value $1.00 per share. As of September 30, 2025, there were 179,436,779 shares of our common stock outstanding. As of
September 30, 2025, there were 50,000 shares of our
Perpetual Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series F (“Series F Preferred
Stock”) outstanding, 40,000 shares of our Perpetual 5.0% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series G (“Series G Preferred Stock”) outstanding, 10,000,000 shares of our Perpetual
Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series H (“Series H Preferred Stock”) outstanding, 50,000
shares of our Perpetual 3.500% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series I (“Series I Preferred Stock”) outstanding and 75,000 shares of our Perpetual 7.500% Non-C