Shareholders' equity (Tables)

6 Months Ended

Jun. 30, 2026

Issued and outstanding preferred stock of M&T as of June 30, 2026 and December 31, 2025 is presented below.


(Dollars in millions, except per share)	Shares Issued and Outstanding		Liquidation Preference Per Share		Issuance Date	Earliest Redemption Date	Annual Dividend Rate		Carrying Amount				Dividends Per Share
													Three Months Ended June 30,				Six Months Ended June 30,
Series	June 30, 2026	December 31, 2025							June 30, 2026		December 31, 2025		2026		2025		2026		2025
Series F (a)	50,000	50,000	$	10,000	10/28/2016	11/1/2026	5.125	%	$	500	$	500	$	128.13	$	128.13	$	256.25	$	256.25
Series G (b)	—	40,000	10,000		—	—	—		—		400		—		182.60		182.60		365.20
Series H (c)	10,000,000	10,000,000	25		4/1/2022	4/1/2027	5.625		261		261		0.35		0.35		0.70		0.70
Series I (d)	50,000	50,000	10,000		8/17/2021	9/1/2026	3.500		500		500		87.50		87.50		175.00		175.00
Series J (e)	75,000	75,000	10,000		5/13/2024	6/15/2029	7.500		733		733		187.50		187.50		375.00		375.00
Series K (f)	45,000	45,000	10,000		10/31/2025	12/15/2030	6.350		440		440		158.75		—		317.50		—
Total	10,220,000	10,260,000							$	2,434	$	2,834

__________________________________________________________________________________

(a)Dividends, if declared, are paid semi-annually at a rate of 5.125% through October 31, 2026 and thereafter will be paid quarterly at a rate of the three-month SOFR plus 378 basis points.

(b)On February 1, 2026, M&T redeemed all outstanding shares of the Series G Preferred Stock at par value.

(c)Dividends, if declared, are paid quarterly at a rate of 5.625% through December 14, 2026 and thereafter will be paid quarterly at a rate of the three-month SOFR rate plus 428 basis points.

(d)Dividends, if declared, are paid semi-annually at a rate of 3.5% through August 31, 2026. On September 1, 2026 and at each subsequent five year anniversary date therefrom the dividend rate will reset at a rate of the five-year U.S. Treasury rate plus 2.679%.

(e)Dividends, if declared, are paid quarterly at a rate of 7.5%.

(f)Dividends, if declared, are paid quarterly at a rate of 6.35%.

- Definition

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

+ References

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+ Details