Form 8-K · Current report
M&T Bank 8-K, filed Jul 21, 2026
- Filed
- CIK
- 0000036270
- Accession no.
- 0001193125-26-310413
Summary
M&T Bank Corporation filed a certificate of amendment with the New York State Department of State to establish a new series of perpetual 6.625% non-cumulative preferred stock, Series L, and completed a public offering of 24 million depositary shares representing interests in that series.
Key points
- M&T filed a certificate of amendment with the New York State Department of State on July 17, 2026, establishing the Series L preferred stock, effective immediately.
- M&T completed the public offering of 24,000,000 depositary shares on July 21, 2026, under an underwriting agreement with BofA Securities, J.P. Morgan Securities, Morgan Stanley, M&T Securities, Raymond James, UBS Securities, and Wells Fargo Securities.
- The Series L preferred stock pays noncumulative dividends at 6.625% per annum, payable quarterly beginning September 15, 2026.
- M&T may redeem the Series L preferred stock on or after September 15, 2031, at $10,000 per share (equivalent to $25 per depositary share), plus declared and unpaid dividends.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 3.03Material Modification to Rights of Security Holders
- 5.03Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
- 8.01Other Events
- 9.01Financial Statements and Exhibits
From the filing
ITEM 3.03. MATERIAL MODIFICATION TO RIGHTS OF SECURITY HOLDERS. On July 17, 2026, M&T Bank Corporation (“M&T”) filed a certificate of amendment (the “Certificate of Amendment”) with the New York State Department of State establishing the rights, preferences, privileges, qualifications, restrictions and limitations of a new series of its preferred stock designated as the Perpetual 6.625% Non-Cumulative Preferred Stock, Series L, par value $1.00 per share, liquidation preference $10,000 per share (the “Series L Preferred Stock”). …
An excerpt of the text as filed with the SEC, cut for length.
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