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MTB 424B5: Secondary offering

Filed with the SEC on · accession 0001193125-26-307859

MTB filed a 424B5 (prospectus (offering)) with the SEC on Jul 17, 2026. The final terms of an offering of shares or bonds. The stock moved -1.9% by the first close after the filing.

Summary of the filing

M&T Bank Corp is offering 24,000,000 depositary shares representing a 1/400th interest in its Perpetual 6.625% Non-Cumulative Preferred Stock, Series L, at a public offering price of $25.00 per depositary share, with total proceeds to the issuer of approximately $584.4 million.

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

Key details

Total public offering value$600.0M
Proceeds to issuer before expenses$584.4M
Underwriting discount$15.6M
Liquidation preference per depositary share$25
IssuerM&T Bank Corp
Joint bookrunnerBofA Securities
Joint bookrunnerJ.P. Morgan
Joint bookrunnerMorgan Stanley
Joint bookrunnerM&T Securities
Joint bookrunnerRaymond James
Joint bookrunnerUBS Investment Bank
Joint bookrunnerWells Fargo Securities
Co-managerAcademy Securities
Co-managerLoop Capital Markets
Co-managerTD Securities

How MTB stock reacted

Close before

$254.04

Jul 16, 2026

First close after

-1.89%

$249.24

5 trading days

-3.18%

$245.97

Since filing

-13.49%

$219.78

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Frequently asked questions

What did MTB file with the SEC on Jul 17, 2026?

MTB filed a 424B5 (Secondary offering). M&T Bank Corp is offering 24,000,000 depositary shares representing a 1/400th interest in its Perpetual 6.625% Non-Cumulative Preferred Stock, Series L, at a public offering price of $25.00 per depositary share, with total proceeds to the issuer of approximately $584.4 million.

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 $254.04 before the filing and $249.24 on Jul 17, 2026 (-1.89%). Five trading days later: $245.97 (-3.18%).

Other MTB SEC filings

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