Recent Updates — MTB-PK

M&T Bank Corporation issued 24 million Depositary Shares on July 21, 2026, each representing a 1/400th interest in a share of new Perpetual 6.625% Non-Cumulative Preferred Stock, Series L. The Series L Preferred Stock has a liquidation preference of $10,000 per share, with quarterly dividends accruing at 6.625% per annum. The first dividend payment is scheduled for September 15, 2026. M&T Bank Corporation is a financial services company providing banking and other financial services.