01—Abstract
Summary
Summary of the 8-K filed March 30, 2026. Cited figures are marked; the original filing is the authoritative source.
On March 30, 2026, M&T Bank Corporation (NYSE: MTB) announced that its Board of Directors authorized a new share repurchase program of up to $5.0 billiona of M&T common stock, $0.50 par value per share.
Repurchases may be made on the open market or in privately negotiated transactions. The filing states that the exact number of shares, timing, price, and terms will be at M&T's discretion and subject to applicable regulatory limitations. The new authorization replaces and terminates, effective March 30, 2026, the prior $4.0 billionb share repurchase program that the Board approved in January 2025.
The announcement is made under Item 8.01 (Other Events), with the full news release attached as Exhibit 99.1. For investors, the key takeaway is the larger buyback capacity: the new $5.0 billionc authorization is $1.0 billion above the $4.0 billion program it replaces. The filing does not state how much of the prior program was used or when repurchases under the new program will begin, so the pace of buybacks remains at management's discretion.
02—Key points
Key Highlights
- Board authorized a new share repurchase program of up to $5.0 billion of M&T common stock.
- Repurchases may be made on the open market or in privately negotiated transactions.
- The new authorization replaces and terminates the prior $4.0 billion program authorized in January 2025, effective March 30, 2026.
- Exact share count, timing, price, and terms are at M&T's discretion and subject to regulatory limitations.
- The announcement was filed under Item 8.01 (Other Events), with the news release attached as Exhibit 99.1.
- The forward-looking statements caveat refers to risk factors in M&T's Form 10-K for the year ended December 31, 2025.
03—Questions
Frequently Asked Questions
How large is the new share repurchase program?
The Board of Directors authorized repurchases of up to $5.0 billion of M&T common stock, $0.50 par value per share.
What happens to the prior repurchase program?
The new authorization replaces the prior $4.0 billion share repurchase program, which the Board authorized in January 2025. The prior program terminates effective March 30, 2026.
How will the repurchases be executed?
Repurchases may be made on the open market or in privately negotiated transactions.
Who decides the timing and terms of the buybacks?
The exact number of shares, timing, and price and terms of repurchases will be at M&T's discretion and subject to all applicable regulatory limitations.
Where can investors find more information on the risks related to this announcement?
The filing refers investors to the risk factors described in M&T's Form 10-K for the year ended December 31, 2025, and subsequent SEC filings.
04—Continue