The company said its Board of Directors authorized on January 22, 2025 a program to repurchase up to $4.0 billion of M&T common stock, $0.50 par value per share, on the open market or in privately negotiated transactions.

8-KOther EventsFiled Jan 22, 2025Period of report Jan 22, 2025Summary published (UTC) Oct 16, 2026

Key points

AI summary

The company said its Board of Directors authorized on January 22, 2025 a program to repurchase up to $4.0 billion of M&T common stock, $0.50 par value per share, on the open market or in privately negotiated transactions.
The company said the authorization replaces the existing $3.0 billion share repurchase program approved by the Board of Directors in July 2022, and that the prior program terminates effective January 22, 2025.
The company said the exact number of shares, timing, and price and terms of repurchases will be at its discretion and subject to all applicable regulatory limitations.
Chief Financial Officer Daryl Bible said the Board's decision shows the company's commitment to managing shareholder capital responsibly. The company said it can return surplus capital to investors based on its strong earnings and solid capital position.

Summary

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Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

M&T Bank Corporation Authorizes $4.0 billion Common Stock Buyback

The company said its Board of Directors authorized on January 22, 2025 a program to repurchase up to $4.0 billion of M&T common stock, $0.50 par value per share, on the open market or in privately negotiated transactions.

Source · Based on the filing body and exhibits

Existing $3.0 billion Program Terminated

The company said the authorization replaces the existing $3.0 billion share repurchase program approved by the Board of Directors in July 2022, and that the prior program terminates effective January 22, 2025.

Source · Based on the filing body and exhibits

Timing and Price of Buybacks at Company Discretion, Subject to Regulatory Limits

The company said the exact number of shares, timing, and price and terms of repurchases will be at its discretion and subject to all applicable regulatory limitations.

Source · Based on the filing body and exhibits

Explanation from Chief Financial Officer Daryl Bible

Chief Financial Officer Daryl Bible said the Board's decision shows the company's commitment to managing shareholder capital responsibly. The company said it can return surplus capital to investors based on its strong earnings and solid capital position.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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