Security
M&T Bank Corporation Depositary Shares each representing a 1/400th ownership interest in a share of Perpetual 6.625% Non-Cumulative Preferred Stock, Series L · MTB PRL
MTB PRLNYSEPreferred stockCurrentCIK 36270Updated Oct 21, 2026
Name history
FIRST EMPIRE STATE CORP · through May 18, 1998
MTB PRL price & chart
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In the news
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Recent filings
Results of Operations and Financial Condition · Regulation FD Disclosure
Items 2.02, 7.01, 9.01
Regulation FD Disclosure
Items 7.01, 9.01
Other Events
Items 8.01, 9.01
424B5 filing
S-3ASR filing
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
Source
balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 211,277,000,000Source | 211,785,000,000Source | 219,261,000,000Source | 211,584,000,000Source | 208,855,000,000Source | 214,736,000,000Source | 210,321,000,000Source | 215,137,000,000Source | 213,510,000,000Source | 208,105,000,000Source | 208,264,000,000Source | 200,729,841,000Source |
| Property, Plant and Equipment, NetUSD | 1,621,000,000Source | 1,694,000,000Source | 1,726,000,000Source | 1,646,000,000Source | 1,719,000,000Source | 1,716,000,000Source | 1,661,000,000Source | 1,707,000,000Source | 1,629,000,000Source | 1,705,000,000Source | 1,739,000,000Source | 1,653,628,000Source |
| GoodwillUSD | 8,465,000,000Source | 8,465,000,000Source | 8,465,000,000Source | 8,465,000,000Source | 8,465,000,000Source | 8,465,000,000Source | 8,465,000,000Source | 8,465,000,000Source | 8,465,000,000Source | 8,465,000,000Source | 8,465,000,000Source | 8,490,089,000Source |
| Operating Lease, Right-of-Use AssetUSD | — | — | — | — | — | — | — | — | 544,000,000Source | 569,000,000Source | 616,000,000Source | 616,082,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 182,549,000,000Source | 182,909,000,000Source | 191,315,000,000Source | 183,059,000,000Source | 180,431,000,000Source | 186,764,000,000Source | 181,330,000,000Source | 187,968,000,000Source | 184,333,000,000Source | 179,078,000,000Source | 181,307,000,000Source | 175,411,851,000Source |
| Stockholders’ equity: | ||||||||||||
| Preferred Stock, Value, IssuedUSD | 2,394,000,000Source | 2,394,000,000Source | 2,434,000,000Source | 2,394,000,000Source | 2,744,000,000Source | 2,434,000,000Source | 2,394,000,000Source | 2,011,000,000Source | 2,834,000,000Source | 2,394,000,000Source | 2,011,000,000Source | 2,010,600,000Source |
| Common Stock, Value, IssuedUSD | 90,000,000Source | 90,000,000Source | 90,000,000Source | 90,000,000Source | 90,000,000Source | 90,000,000Source | 90,000,000Source | 90,000,000Source | 90,000,000Source | 90,000,000Source | 90,000,000Source | 89,718,000Source |
| Additional Paid in CapitalUSD | 9,995,000,000Source | 9,986,000,000Source | 9,970,000,000Source | 9,981,000,000Source | 9,976,000,000Source | 9,961,000,000Source | 9,968,000,000Source | 9,976,000,000Source | 10,011,000,000Source | 9,998,000,000Source | 10,020,000,000Source | 10,002,891,000Source |
| Retained Earnings (Accumulated Deficit)USD | 20,392,000,000Source | 18,659,000,000Source | 22,038,000,000Source | 19,870,000,000Source | 18,211,000,000Source | 21,476,000,000Source | 19,405,000,000Source | 17,812,000,000Source | 20,882,000,000Source | 19,079,000,000Source | 17,524,000,000Source | 15,753,978,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 277,000,000Source | -27,000,000Source | -92,000,000Source | 215,000,000Source | -551,000,000Source | 66,000,000Source | 90,000,000Source | -589,000,000Source | 277,000,000Source | -164,000,000Source | -459,000,000Source | -790,030,000Source |
| Stockholders' Equity Attributable to ParentUSD | 28,728,000,000Source | 28,876,000,000Source | 27,946,000,000Source | 28,525,000,000Source | 28,424,000,000Source | 27,972,000,000Source | 28,991,000,000Source | 27,169,000,000Source | 29,177,000,000Source | 29,027,000,000Source | 26,957,000,000Source | 25,317,990,000Source |
| Liabilities and EquityUSD | 211,277,000,000Source | 211,785,000,000Source | 219,261,000,000Source | 211,584,000,000Source | 208,855,000,000Source | 214,736,000,000Source | 210,321,000,000Source | 215,137,000,000Source | 213,510,000,000Source | 208,105,000,000Source | 208,264,000,000Source | 200,729,841,000Source |
| Additional Financial Items | ||||||||||||
| Long-term DebtUSD | 12,928,000,000Source | 11,583,000,000Source | 13,568,000,000Source | 12,380,000,000Source | 11,319,000,000Source | 11,175,000,000Source | 10,496,000,000Source | 11,450,000,000Source | 10,911,000,000Source | 12,605,000,000Source | 8,201,000,000Source | 3,964,537,000Source |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation, Depletion and AmortizationUSD | — | — | — | — | — | — | 79,000,000Source | 83,000,000Source | 323,000,000Source | 316,000,000Source | 435,000,000Source | 378,519,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | 14,000,000Source | -6,000,000Source | -18,000,000Source | -27,000,000Source | -97,000,000Source | -29,987,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 1,012,000,000Source | 635,000,000Source | 3,003,000,000Source | 3,610,000,000Source | 3,905,000,000Source | 4,573,740,000Source |
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | — | — | — | — | — | — | 0Source | — | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -4,324,000,000Source | -349,000,000Source | -6,816,000,000Source | -550,000,000Source | -7,874,000,000Source | 16,592,736,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | — | — | — | — | — | — | 180,000,000Source | -134,000,000Source | -19,000,000Source | 538,000,000Source | 440,000,000Source | 619,028,000Source |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common StockUSD | — | — | — | — | — | — | 1,238,000,000Source | 656,000,000Source | 2,631,000,000Source | 396,000,000Source | 594,000,000Source | 1,800,000,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | 891,000,000Source | 1,697,000,000Source | 1,800,000,000Source | -2,882,000,000Source | 4,180,000,000Source | -20,983,809,000Source |
| Payments of Ordinary Dividends, Common StockUSD | — | — | — | — | — | — | 227,000,000Source | 225,000,000Source | 899,000,000Source | 895,000,000Source | 868,000,000Source | 784,089,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | — | — | — | — | — | — | -26,000,000Source | -1,000,000Source | -20,000,000Source | 114,000,000Source | 18,000,000Source | -13,177,000Source |
| Repayments of Long-term DebtUSD | — | — | — | — | — | — | 212,000,000Source | 2,950,000,000Source | 5,380,000,000Source | 1,009,000,000Source | 824,000,000Source | 907,240,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 1,950,000,000Source | 2,216,000,000Source | 17,438,000,000Source | 21,425,000,000Source | 16,348,000,000Source | 22,765,000,000Source | 18,769,000,000Source | 1,909,000,000Source | 1,731,000,000Source | 1,520,244,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 862,000,000Source | 933,000,000Source | 3,524,000,000Source | 4,319,000,000Source | 2,691,000,000Source | 428,772,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | 34,000,000Source | 70,000,000Source | 529,000,000Source | 236,000,000Source | 452,000,000Source | 487,618,000Source |
| Additional Financial Items | ||||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | — | — | — | — | — | — | 136,000,000Source | 116,000,000Source | 118,000,000Source | 111,000,000Source |
| Amortization of Intangible AssetsUSD | — | — | 10,000,000Source | 12,000,000Source | 7,000,000Source | 9,000,000Source | 9,000,000Source | 13,000,000Source | 42,000,000Source | 53,000,000Source | 62,000,000Source | 55,624,000Source |
| Debt and Equity Securities, Gain (Loss)USD | — | — | 1,000,000Source | -2,000,000Source | 2,000,000Source | 0Source | 4,000,000Source | 0Source | 2,000,000Source | 10,000,000Source | 4,000,000Source | -5,686,000Source |
| Debt and Equity Securities, Realized Gain (Loss)USD | — | — | — | — | — | — | — | 0Source | — | — | 0Source | 0Source |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to SettlementUSD | — | — | — | — | — | — | — | — | — | 12,000,000Source | — | — |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | — | — | 110,000,000Source | 120,000,000Source | 120,000,000Source | 105,000,000Source | 125,000,000Source | 130,000,000Source | 485,000,000Source | 610,000,000Source | — | — |
| Gain (Loss) on Disposition of BusinessUSD | — | — | — | — | — | — | — | — | — | — | — | 136,331,000Source |
| Gain (Loss) on Disposition of Assets for Financial Service OperationsUSD | — | — | — | — | — | — | 9,000,000Source | 5,000,000Source | 87,000,000Source | 30,000,000Source | 249,000,000Source | 153,491,000Source |
| GoodwillUSD | — | — | 8,465,000,000Source | 8,465,000,000Source | 8,465,000,000Source | 8,465,000,000Source | 8,465,000,000Source | 8,465,000,000Source | 8,465,000,000Source | 8,465,000,000Source | 8,465,000,000Source | 8,490,089,000Source |
| Goodwill, Impairment LossUSD | — | — | — | — | — | — | — | — | 0Source | 0Source | 0Source | — |
| Income Tax Expense (Benefit)USD | — | — | 233,000,000Source | 188,000,000Source | 245,000,000Source | 219,000,000Source | 199,000,000Source | 177,000,000Source | 841,000,000Source | 722,000,000Source | 878,000,000Source | 619,460,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 792,000,000Source | 721,000,000Source | 818,000,000Source | 716,000,000Source | 664,000,000Source | 584,000,000Source | 2,851,000,000Source | 2,588,000,000Source | 2,741,000,000Source | 1,991,663,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 754,000,000Source | 674,000,000Source | 781,000,000Source | 679,000,000Source | 620,000,000Source | 547,000,000Source | 2,699,000,000Source | 2,449,000,000Source | 2,636,000,000Source | 1,891,469,000Source |
| Operating Lease, Lease IncomeUSD | — | — | — | — | — | — | — | — | 48,000,000Source | 44,000,000Source | — | — |
| Other Interest and Dividend IncomeUSD | — | — | 1,000,000Source | 1,000,000Source | 0Source | 2,000,000Source | — | 0Source | 3,000,000Source | 3,000,000Source | 4,000,000Source | 1,926,000Source |
| Proceeds from Issuance of Long-term DebtUSD | — | — | — | — | — | — | 508,000,000Source | 743,000,000Source | 3,533,000,000Source | 5,497,000,000Source | 5,035,000,000Source | 998,540,000Source |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | — | — | — | — | — | — | 1,211,000,000Source | 820,000,000Source | 4,456,000,000Source | 6,072,000,000Source | 743,000,000Source | 795,157,000Source |
| Proceeds from Stock Options ExercisedUSD | — | — | — | — | — | — | — | — | 19,000,000Source | 138,000,000Source | — | — |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | — | — | —Source | —Source | — | — | — | — | — | — |
| Debt Securities, Realized Gain (Loss) | — | — | — | — | — | —Source | — | — | — | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 423,000,000Source | 394,000,000Source | 442,000,000Source | 417,000,000Source | 418,000,000Source | 397,000,000Source | 1,657,000,000Source | 1,541,000,000Source | 9,643,000,000Source | 8,178,559,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | 1,025,000,000Source | 909,000,000Source | 1,063,000,000Source | 935,000,000Source | 863,000,000Source | 761,000,000Source | 3,692,000,000Source | 3,310,000,000Source | 3,619,000,000Source | 2,611,123,000Source |
| Income Tax Expense (Benefit)USD | — | — | 233,000,000Source | 188,000,000Source | 245,000,000Source | 219,000,000Source | 199,000,000Source | 177,000,000Source | 841,000,000Source | 722,000,000Source | 878,000,000Source | 619,460,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 792,000,000Source | 721,000,000Source | 818,000,000Source | 716,000,000Source | 664,000,000Source | 584,000,000Source | 2,851,000,000Source | 2,588,000,000Source | 2,741,000,000Source | 1,991,663,000Source |
| Earnings Per Share, BasicUSD per share | — | — | 4.85Source | 4.04Source | 5.35Source | 4.26Source | 4.16Source | 3.33Source | 17.1Source | 14.71Source | 15.85Source | 11.59Source |
| Earnings Per Share, DilutedUSD per share | — | — | 4.82Source | 4.02Source | 5.32Source | 4.24Source | 4.13Source | 3.32Source | 17Source | 14.64Source | 15.79Source | 11.53Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 155,558,000Source | 166,671,000Source | 145,891,000Source | 159,221,000Source | 149,225,000Source | 164,209,000Source | 157,875,000Source | 166,479,000Source | 166,361,000Source | 163,174,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 156,553,000Source | 167,567,000Source | 146,758,000Source | 160,005,000Source | 150,109,000Source | 165,047,000Source | 158,791,000Source | 167,319,000Source | 167,002,000Source | 164,030,000Source |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible AssetsUSD | — | — | 10,000,000Source | 12,000,000Source | 7,000,000Source | 9,000,000Source | 9,000,000Source | 13,000,000Source | 42,000,000Source | 53,000,000Source | 62,000,000Source | 55,624,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | — | — | 1.5Source | 1.35Source | 1.5Source | 1.35Source | 1.5Source | 1.35Source | 5.7Source | 5.35Source | — | — |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 673,000,000Source | 568,000,000Source | 808,000,000Source | 510,040,000Source |
| Debt and Equity Securities, Gain (Loss)USD | — | — | 1,000,000Source | -2,000,000Source | 2,000,000Source | 0Source | 4,000,000Source | 0Source | 2,000,000Source | 10,000,000Source | 4,000,000Source | -5,686,000Source |
| Debt and Equity Securities, Realized Gain (Loss)USD | — | — | — | — | — | — | — | 0Source | — | — | 0Source | 0Source |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to SettlementUSD | — | — | — | — | — | — | — | — | — | 12,000,000Source | — | — |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | — | — | 110,000,000Source | 120,000,000Source | 120,000,000Source | 105,000,000Source | 125,000,000Source | 130,000,000Source | 485,000,000Source | 610,000,000Source | — | — |
| Goodwill, Impairment LossUSD | — | — | — | — | — | — | — | — | 0Source | 0Source | 0Source | — |
| Interest ExpenseUSD | — | — | — | — | — | — | — | — | — | — | 3,109,000,000Source | 425,164,000Source |
| InterestExpenseOperatingUSD | — | — | 919,000,000Source | 1,059,000,000Source | 828,000,000Source | 896,000,000Source | 784,000,000Source | 865,000,000Source | 3,538,000,000Source | 4,174,000,000Source | — | — |
| Interest Income (Expense), NetUSD | — | — | 1,761,000,000Source | 1,726,000,000Source | 1,792,000,000Source | 1,713,000,000Source | 1,752,000,000Source | 1,695,000,000Source | 6,948,000,000Source | 6,852,000,000Source | 7,115,000,000Source | 5,821,956,000Source |
| Labor and Related ExpenseUSD | — | — | 833,000,000Source | 775,000,000Source | 826,000,000Source | 813,000,000Source | 914,000,000Source | 887,000,000Source | 3,342,000,000Source | 3,162,000,000Source | 2,997,000,000Source | 2,787,351,000Source |
| Marketing and Advertising ExpenseUSD | — | — | 23,000,000Source | 27,000,000Source | 27,000,000Source | 25,000,000Source | 21,000,000Source | 22,000,000Source | 102,000,000Source | 104,000,000Source | 108,000,000Source | 90,748,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 754,000,000Source | 674,000,000Source | 781,000,000Source | 679,000,000Source | 620,000,000Source | 547,000,000Source | 2,699,000,000Source | 2,449,000,000Source | 2,636,000,000Source | 1,891,469,000Source |
| Operating Lease, Lease IncomeUSD | — | — | — | — | — | — | — | — | 48,000,000Source | 44,000,000Source | — | — |
| Other Interest and Dividend IncomeUSD | — | — | 1,000,000Source | 1,000,000Source | 0Source | 2,000,000Source | — | 0Source | 3,000,000Source | 3,000,000Source | 4,000,000Source | 1,926,000Source |
| Preferred Stock Dividends, Income Statement ImpactUSD | — | — | 36,000,000Source | 47,000,000Source | 35,000,000Source | 35,000,000Source | 43,000,000Source | 36,000,000Source | 146,000,000Source | 134,000,000Source | 100,000,000Source | 96,587,000Source |
| Debt Securities, Realized Gain (Loss) | — | — | — | — | — | —Source | — | — | — | — | — | — |
Offerings
Registration 333-299064
Filing attachments
d181022dex41.htm · 8-K · 2026-09-22
Exhibit 4.1 M&T BANK CORPORATION Senior Medium-Term Notes, Series C Officers’ Certificate Pursuant to the Indenture dated as of May 24, 2007, as supplemented by the Third Supplemental Indenture, dated as of August 16, 2022, relating to unsecured and unsubordinated notes (as so amended, and as may be further amended or supplemented from time to time, collectively, the “Indenture”) between M&T Bank Corporation, a corporation organized and existing under the laws of the State of New York (the “…
Read attachment ↗d181022dex42.htm · 8-K · 2026-09-22
Exhibit 4.2 M&T BANK CORPORATION Subordinated Medium-Term Notes, Series D Officers’ Certificate Pursuant to the Indenture dated as of September 22, 2023, relating to unsecured and subordinated notes (as may be amended or supplemented from time to time, collectively, the “Indenture”) between M&T Bank Corporation, a corporation organized and existing under the laws of the State of New York (the “Company”), and The Bank of New York Mellon, a New York banking corporation, as Trustee (formerly kn…
Read attachment ↗d181022dex43.htm · 8-K · 2026-09-22
Exhibit 4.3 THIS MASTER GLOBAL NOTE IS AN OBLIGATION OF SOLELY M&T BANK CORPORATION AND IS NOT A DEPOSIT OR OTHER OBLIGATION OF MANUFACTURERS AND TRADERS TRUST COMPANY, WILMINGTON TRUST, NATIONAL ASSOCIATION OR ANY OTHER BANK AND IS NOT INSURED OR GUARANTEED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY OR INSURER. EACH PURCHASER OR HOLDER OF THIS MASTER GLOBAL NOTE OR ANY INTEREST THEREIN WILL BE DEEMED TO HAVE REPRESENTED BY ITS PURCHASE OR HOLDING OF THIS MAS…
Read attachment ↗d127076dex41.htm · 8-K · 2026-07-21
EX-4.1 4 d127076dex41.htm EX-4.1 EX-4.1 Exhibit 4.1 DEPOSIT AGREEMENT Among M&T BANK CORPORATION, as Issuer and COMPUTERSHARE INC. AND COMPUTERSHARE TRUST COMPANY, N.A., jointly as Depositary, and THE HOLDERS FROM TIME TO TIME OF THE DEPOSITARY RECEIPTS DESCRIBED HEREIN Dated as of July 21, 2026 Table of Contents …
Read attachment ↗d940530dex41.htm · 8-K · 2025-10-31
EX-4.1 4 d940530dex41.htm EX-4.1 EX-4.1 Exhibit 4.1 DEPOSIT AGREEMENT Among M&T BANK CORPORATION, as Issuer and COMPUTERSHARE INC. AND COMPUTERSHARE TRUST COMPANY, N.A., jointly as Depositary, and THE HOLDERS FROM TIME TO TIME OF THE DEPOSITARY RECEIPTS DESCRIBED HEREIN Dated as of October 31, 2025 Table of Contents …
Read attachment ↗