M&T Bank Completes Series K Preferred Stock Offering

M&T Bank ( (MTB) ) just unveiled an update.

On October 29, 2025, M&T Bank Corporation filed a certificate of amendment with the New York State Department of State to establish the rights and preferences of a new series of preferred stock, the Perpetual 6.350% Non-Cumulative Preferred Stock, Series K. This move was part of an underwriting agreement with several major financial institutions, leading to the sale of 18,000,000 depositary shares. The Series K Preferred Stock, which ranks senior to common stock and equally with other preferred stocks, allows for noncumulative cash dividends and has specific voting rights. The public offering of these depositary shares was completed on October 31, 2025, marking a strategic financial maneuver for M&T Bank to strengthen its capital structure.

The most recent analyst rating on (MTB) stock is a Hold with a $220.00 price target. To see the full list of analyst forecasts on M&T Bank stock, see the MTB Stock Forecast page.

Spark’s Take on MTB Stock

According to Spark, TipRanks’ AI Analyst, MTB is a Outperform.

M&T Bank’s overall stock score is driven by strong earnings performance and attractive valuation, despite some technical weaknesses and challenges in deposit growth and charge-offs. The company’s robust dividend yield and strategic initiatives in sustainability further support its investment appeal.

To see Spark’s full report on MTB stock, click here.

More about M&T Bank

M&T Bank Corporation operates in the financial services industry, providing a range of banking products and services. The company focuses on offering personal and commercial banking solutions, including loans, deposits, and investment services, primarily in the United States.

Average Trading Volume: 1,109,838

Technical Sentiment Signal: Buy

Current Market Cap: $28.1B

Find detailed analytics on MTB stock on TipRanks’ Stock Analysis page.