Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 29

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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8 and pay a 4.762% fixed rate semi-annually until July 2027 after which SOFR plus 0.95% will be paid quarterly until maturity.M&T Bank had secured borrowing facilities available with the FHLB of New York and the FRB of New York totaling approximately $17.8 billion and $25.1 billion, respectively, at September 30, 2025. M&T Bank is required to pledge loans and investment securities as collateral for these borrowing facilities and could increase the availability under such facilities by pledging additional assets.

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6. 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 September 30, 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 September 30,Nine Months Ended September 30,SeriesSeptember 30, 2025December 31, 2024September 30, 2025December 31, 20242025202420252024Series E (a)——$1,000 — — — %$— $— $— $23.50 $— $62.575 Series F (b)50,00050,00010,000 10/28/201611/1/20265.125 500 500 128.125 128.125 384.375 384.375 Series G (c)40,00040,00010,000 7/30/20198/1/20247.304 400 400 182.60 125.00 547.80 375.00 Series H (d)10,000,00010,000,00025 4/1/20224/1/20275.625 261 261