Business
M&T Bank Corporation Announces Common Stock Repurchase Program
M&T Bank Corporation ("M&T") (NYSE:MTB) announced that its Board of Directors authorized a share repurchase program to repurchase up to $5.0 billion of M&T common stock, $0.50 par value per share, on the open market or in privately negotiated transactions. The authorization replaces, and terminates effective March 30, 2026, the prior $4.0 billion share repurchase program authorized by the Board of Directors in January 2025.
About this update from M&t Bank Corporation
[{"type":"text","content":"BUFFALO, N.Y., March 30, 2026 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) announced that its Board of Directors authorized a share repurchase program to repurchase up to $5.0 billion of M&T common stock, $0.50 par value per share, on the open market or in privately negotiated transactions. The authorization replaces, and terminates effective March 30, 2026, the prior $4.0 billion share repurchase program authorized by the Board of Directors in January 2025.","length":495,"tagName":"p"},{"type":"text","content":"The exact number of shares, timing for such repurchases, and the price and terms at and on which such repurchases are to be made will be at the discretion of M&T and subject to all applicable regulatory limitations.","length":219,"tagName":"p"},{"type":"text","content":"About M&T Bank","length":18,"tagName":"p"},{"type":"text","content":"M&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, M&T Bank, provides banking products and services with a branch and ATM network spanning the eastern U.S. from Maine to Virginia and Washington, D.C. Trust-related services are provided in select markets in the U.S. and abroad by M&T's Wilmington Trust-affiliated companies and by M&T Bank. For more information on M&T Bank, visit www.mtb.com.","length":498,"tagName":"p"},{"type":"text","content":"Equal Housing Lender. © 2026 M&T Bank. NMLS #381076. Member FDIC. All Rights Reserved.","length":95,"tagName":"p"},{"type":"text","content":"Investor Contact:Rajiv RanjanSteve Wendelboe (716) 842-5138","length":62,"tagName":"p"},{"type":"text","content":"Media Contact:Frank Lentini (929) 651-0447","length":44,"tagName":"p"},{"type":"text","content":"Forward-Looking Statements. This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statement that does not describe historical or current facts is a forward-looking statement, including statements that are based on current expectations, estimates and projections about the M&T's business, management's beliefs, and assumptions made by management. Forward-looking statements are typically identified by words such as "believe," "expect," "an...