Company: MTB-PJ
Filing Date: 2025-10-30
Form Type: 424B5
Source: 0001193125-25-257002
Chunk: 8

Company: M&T BANK CORP
Filing Date: 2025-10-30
Form: 424B5
Chunk 8
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 capital securities.

| Issuer | M&T Bank Corporation. |

| Securities Offered | 18,000,000 depositary shares, each representing a 1/400th ownership interest in a share of our Perpetual 6.350% Non-Cumulative Preferred Stock, Series K, with a liquidation preference of $10,000 per                                              
 share (equivalent to $25 per depositary share). Each depositary share entitles the holder to a proportional fractional interest in the Preferred Stock represented by that depositary share, including dividend, voting, redemption and liquidation 
 rights; all such rights must be exercised through the depositary.                                                                                                                                                                                   |

| We may at any time and from time to time, without notice to or the consent of holders of the Preferred Stock, issue additional shares of Preferred Stock and related depositary shares either through public or private                                  
 sales, that would be deemed to form a single series with the shares of Preferred Stock and the related depositary shares, respectively, offered hereby, provided that such additional shares are fungible for U.S. federal income tax purposes with the  
 shares of Preferred Stock and the related depositary shares offered hereby. We may also issue additional shares of other series of preferred stock at any time and from time to time, without notice to or the consent of holders of the Preferred Stock 
 or the related depositary shares.                                                                                                                                                                                                                        |

| Dividends | Holders of the Preferred Stock will be entitled to receive, when, as and if declared by our board of directors or any duly authorized committee of our board, out of assets legally available for payment, noncumulative cash dividends based on the 
 liquidation preference of $10,000 per share of Preferred Stock (equivalent to $25 per depositary share).                                                                                                                                             |

S-2

| Dividends on the Preferred Stock will accrue from the original issue date at a rate equal to 6.350% per annum for each dividend period. |

| Dividends on the Preferred Stock will not be cumulative. Accordingly, if for any reason our board of directors or any duly authorized committee of our board of directors does not declare a dividend on the Preferred                                 
 Stock for a dividend period prior to the related dividend payment date, that dividend will not accrue, and we will have no obligation to pay a dividend for that dividend period on the applicable dividend payment date or at any time in the future, 
 whether or not our board of directors or a duly authorized committee of our board of directors