Company: MTB-PJ
Filing Date: 2025-10-30
Form Type: 424B5
Source: 0001193125-25-257002
Chunk: 56

Company: M&T BANK CORP
Filing Date: 2025-10-30
Form: 424B5
Chunk 56
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ofA Securities, Inc., Morgan Stanley & Co. LLC, UBS Securities LLC and Wells Fargo Securities LLC are acting as representatives, have entered into an underwriting agreement relating to the offer and sale of the depositary shares. In the underwriting agreement, we have agreed to sell to each underwriter, and each underwriter severally has agreed to purchase from us, the number of depositary shares set forth opposite its name below:

| Underwriter                      |     | Number of  
 Depositary 
 Shares     |            |
| RBC Capital Markets, LLC         |     |            |  3,240,000 |
| BofA Securities, Inc.            |     |            |  3,240,000 |
| Morgan Stanley & Co. LLC         |     |            |  3,240,000 |
| UBS Securities LLC               |     |            |  3,240,000 |
| Wells Fargo Securities, LLC      |     |            |  3,240,000 |
| M&T Securities, Inc.             |     |            |    720,000 |
| Loop Capital LLC                 |     |            |    360,000 |
| R. Seelaus & Co., LLC            |     |            |    360,000 |
| Raymond James & Associates, Inc. |     |            |    360,000 |
| Total                            |     |            | 18,000,000 |

The underwriters have advised us that they are committed to purchase all the depositary shares offered by us if they purchase any depositary shares. The underwriting agreement also provides that if an underwriter defaults, the purchase commitments of non-defaultingunderwriters may also be increased or the offering may be terminated. The underwriters initially propose to offer the depositary shares directly to the public at the public offering price that appears on the cover page of this prospectus supplement and to certain dealers at that price less a selling concession not in excess of $0.1500 per depositary share sold to institutional investors and $0.5000 per depositary share sold to retail investors. The offering of the depositary shares by the underwriters is subject to receipt and acceptance and subject to the underwriters’ right to reject any order in whole or in part. Any such securities dealers may resell any depositary shares purchased from the underwriters to certain other brokers or dealers at a discount from the initial public offering price not to exceed $0.4500 per depositary