Company: MTB-PJ
Filing Date: 2025-10-30
Form Type: 424B5
Source: 0001193125-25-257002
Chunk: 9

Company: M&T BANK CORP
Filing Date: 2025-10-30
Form: 424B5
Chunk 9
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 declares a dividend on the Preferred Stock or any other series of our preferred stock or common stock for any future dividend period. In such a case no 
 dividend will be paid on the depositary shares.                                                                                                                                                                                                        |

| 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.                                                                                                                                            |

| Redemption | The Preferred Stock is perpetual and has no maturity date. 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 event (as defined herein), in each case at a redemption price equal to $10,000 per share (equivalent to $25 per depositary 
 share), plus any declared and unpaid dividends, without accumulation of undeclared dividends. In the event redemption date is not a business day, the redemption price shall be paid on the next business day without any                      
 adjustment to the amount of the redemption price paid.                                                                                                                                                                                         |

| Any redemption of the Preferred Stock is subject to our receipt of any required prior approval by the Board of Governors of the Federal Reserve System (including any successor bank regulatory authority that may become                     
 our appropriate federal banking agency, the “Federal Reserve”) and to the satisfaction of any conditions set forth in or pursuant to the capital rules or regulations of the Federal Reserve applicable to redemption of the Preferred Stock. 
 The holders of the Preferred Stock will not have the right to require redemption.                                                                                                                                                             |

| See “Description of Series K Preferred Stock—Redemption” for more information. |

| Liquidation Rights | In the event we liquidate, dissolve or wind-up our business and affairs, either voluntarily or 
 involuntarily, holders of the Preferred                                                        |

S-3

| Stock will be entitled to receive liquidating distributions of $10,000 per share (equivalent to $25 per depositary share), plus any declared and unpaid dividends                                                                                        
 (without accumulation of undeclared dividends), before we make any distribution of assets to the holders of our common stock or any other class or series of shares ranking junior to the Preferred Stock. If we fail to pay in full all amounts payable 
 with respect to the Preferred Stock and any