M&T Bank Corporation completed a public offering on October 31, 2025, issuing 18 million Depositary Shares representing interests in its new Perpetual 6.350% Non-Cumulative Preferred Stock, Series K. This issuance leveraged an automatic shelf registration statement, reflecting MTB’s status as a Well-Known Seasoned Issuer (WKSI). Underwriters, led by RBC Capital Markets, priced the shares at \(24.2125 (retail) and \)24.7500 (institutional).
The Series K security is perpetual and ranks senior to common stock and on parity with other existing preferred series regarding dividends and liquidation. D
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