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MTB 424B5: Secondary offering

Filed with the SEC on · accession 0001193125-26-305481

MTB filed a 424B5 (prospectus (offering)) with the SEC on Jul 16, 2026. M&T Bank Corp is offering depositary shares representing interests in its Perpetual Non-Cumulative Preferred Stock, Series L, with a liquidation preference of $25 per depositary share, to raise capital. The stock moved +2.2% by the first close after the filing.

Summary of the filing

M&T Bank Corp is offering depositary shares representing interests in its Perpetual Non-Cumulative Preferred Stock, Series L, with a liquidation preference of $25 per depositary share, to raise capital. The offering is underwritten by several banks and the shares are expected to trade on the NYSE.

For details, click here →How to read a 424B5 →

Key details

liquidation preference per depositary share$25
liquidation preference per preferred share$10K
IssuerM&T Bank Corp
UnderwriterBofA Securities
UnderwriterJ.P. Morgan
UnderwriterMorgan Stanley
UnderwriterM&T Securities
UnderwriterRaymond James
UnderwriterUBS Investment Bank
UnderwriterWells Fargo Securities

How MTB stock reacted

Close before

$248.53

Jul 15, 2026

First close after

+2.22%

$254.04

5 trading days

+0.89%

$250.73

Since filing

-11.57%

$219.78

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Frequently asked questions

What did MTB file with the SEC on Jul 16, 2026?

MTB filed a 424B5 (Secondary offering). M&T Bank Corp is offering depositary shares representing interests in its Perpetual Non-Cumulative Preferred Stock, Series L, with a liquidation preference of $25 per depositary share, to raise capital. The offering is underwritten by several banks and the shares are expected to trade on the NYSE.

What does a secondary offering mean for MTB stock?

New shares dilute existing holders and are often sold at a discount to the market price.

How do I read a 424B5?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B5 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did MTB stock react to this filing?

MTB closed at $248.53 before the filing and $254.04 on Jul 16, 2026 (+2.22%). Five trading days later: $250.73 (+0.89%).

Other MTB SEC filings

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