M&T Bank Corporation Announces Common Stock Repurchase Program

M&T Bank (NYSE:MTB) announced that its Board authorized a new common stock repurchase program to buy up to $5.0 billion of common stock, replacing the prior $4.0 billion program, effective March 30, 2026.

Rhea-AI Summary

M&T Bank (NYSE:MTB) announced that its Board authorized a new common stock repurchase program to buy up to $5.0 billion of common stock, replacing the prior $4.0 billion program, effective March 30, 2026.

Repurchases may occur on the open market or through privately negotiated transactions and will be made at management's discretion, subject to regulatory limits.

Positive

• Authorized $5.0 billion share repurchase program
• Replaces prior $4.0 billion authorization
• Repurchases may support EPS and shareholder value

Negative

• Timing, size, and pricing of repurchases are unspecified
• Subject to regulatory limitations, which could constrain purchases

Argus Mar 31 session

+2.78% close to close Open Argus

Details

News Market Reaction – MTB

On Mar 31, the first trading day after this news, MTB closed 2.78% above the previous close.

Data tracked by StockTitan Argus for the Mar 31 session.

Key Figures

New buyback size: $5.0 billion Prior buyback size: $4.0 billion Par value: $0.50 per share +5 more

New buyback size

$5.0 billion

2026 common stock repurchase authorization

Prior buyback size

$4.0 billion

Share repurchase program authorized January 2025 and now replaced

Par value

$0.50 per share

Par value of M&T common stock

Record earnings

$2.88 billion

2025 earnings highlighted in CEO’s annual letter

Common dividend

$1.50 per share

Q1 2026 quarterly cash dividend on common stock

Current share price

$200.93

Price before buyback announcement

52-week range

$150.75 – $239.00

Current price 15.93% below 52-week high, 33.29% above low

NMLS ID

NMLS #381076

Regulatory identifier for M&T Bank

Previous Buybacks Reports

1 past event · Latest: Jan 22

Same Type 1 event

1. Jan 22

   Share repurchase

   24h Move

   +0.7%

   Announced new $4.0B share repurchase program replacing prior $3.0B authorization.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

share repurchase program, par value

2 terms

share repurchase program financial

"authorized a share repurchase program to repurchase up to $5.0 billion of M&T common stock"

A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.

par value financial

"M&T common stock, $0.50 par value per share, on the open market"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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.

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.

About M&T Bank

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.

Equal Housing Lender. © 2026 M&T Bank. NMLS #381076. Member FDIC. All Rights Reserved.

Investor Contact:
Rajiv Ranjan
Steve Wendelboe
(716) 842-5138

Media Contact:
Frank Lentini
(929) 651-0447

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," "anticipate," "intend," "target," "estimate," "continue," or "potential," by future conditional verbs such as "will," "would," "should," "could," or "may," or by variations of such words or by similar expressions. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions which are difficult to predict. Therefore, actual actions, outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. M&T provides further detail regarding risks, uncertainties and other factors that could affect the outcome of forward-looking statements in its public filings, including the "risk factors" described in M&T's Form 10-K for the year ended December 31, 2025, and subsequent filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date made, and M&T does not assume any duty, and does not undertake, to update forward-looking statements.

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SOURCE M&T Bank Corporation

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did M&T Bank (MTB) announce on March 30, 2026 about share repurchases?

M&T Bank authorized a new repurchase program to buy up to $5.0 billion of common stock. According to the company, this authorization replaces the prior $4.0 billion program and is effective March 30, 2026.

How will M&T Bank (MTB) execute the $5.0 billion repurchase program?

Repurchases may occur on the open market or via privately negotiated transactions at management's discretion. According to the company, purchases will also comply with applicable regulatory limitations.

Does the M&T Bank (MTB) repurchase authorization set a fixed share count or timeline?

No, the authorization specifies a dollar cap not a fixed share count or schedule. According to the company, exact number, timing, price, and terms are at M&T's discretion.

How does the new M&T Bank (MTB) $5.0 billion program compare to the prior authorization?

The new program increases the authorization from $4.0 billion to $5.0 billion. According to the company, the prior program is terminated effective March 30, 2026.

What investor impact should shareholders expect from M&T Bank's (MTB) buyback announcement?

Buybacks can support earnings per share and capital return to shareholders if executed. According to the company, repurchases depend on timing, price, and regulatory limits, so near-term impact is discretionary.