M&T Bank Decreases Prime Rate

Rhea-AI Summary

M&T Bank (NYSE: MTB) announced it will lower its prime lending rate from 7.25% to 7.00%, effective October 30, 2025.

The change is a corporate adjustment to the posted prime rate that takes effect one day after the announcement date.

Positive

• Prime rate lowered to 7.00% effective Oct 30, 2025
• Posted rate change is immediate and clearly dated

Negative

• Prime rate cut from 7.25% to 7.00% may reduce lending yields

BUFFALO, N.Y., Oct. 29, 2025 /PRNewswire/ -- Effective Thursday, October 30, 2025, M&T Bank Corporation ("M&T") (NYSE: MTB) will decrease its prime lending rate from 7.25% to 7.00%.

About M&T 
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 about M&T Bank, visit www.mtb.com.

Equal Housing Lender. © 2025 M&T Bank. NMLS #381076. Member FDIC. All rights reserved.

Investor Contact:
Brian Klock
(716) 842-5138

Media Contact:
Frank Lentini
(929) 651-0447
flentini@mtb.com

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SOURCE M&T Bank Corporation

FAQ

What change did M&T Bank (MTB) announce on October 29, 2025?

M&T Bank said it will decrease its prime lending rate from 7.25% to 7.00% effective Oct 30, 2025.

When does the new M&T Bank (MTB) prime rate take effect?

The new prime rate of 7.00% takes effect on October 30, 2025.

How much did M&T Bank (MTB) reduce its prime rate by on Oct 29, 2025?

M&T reduced the prime rate by 0.25 percentage points (from 7.25% to 7.00%).

Will the M&T Bank (MTB) prime rate change affect loan pricing immediately?

The posted prime rate change is effective Oct 30, 2025, and it may be used to price variable-rate loans after that date.

What is the reported prime lending rate for M&T Bank (MTB) after the change?

After the change, M&T Bank's prime lending rate is reported as 7.00%.