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M & T Bank Corp | Fixed-to-floating rate non-cumulative perpetual preferred stock, Series A (MTB.PRH)
Prospectus excerpt: We will pay dividends on the Preferred Stock, when, as and if declared by our board of directors or a duly authorized committee of our board of directors and to the extent that we have lawfully available funds to pay dividends. From the date of original issuance to, but excluding, December 15, 2026, if declared, dividends will accrue and be payable on the liquidation preference amount, on a non-cumulative basis, at a rate of 5.625% per annum, payable quarterly in arrears, on March 15, June 15, September 15 and December 15 of each year, beginning on December 15, 2016. From and including December 15, 2026, if declared, dividends will be payable on the liquidation preference amount, on a non-cumulative basis, at a floating rate equal to three-month LIBOR plus a spread of 4.02% per annum, payable quarterly in arrears, on March 15, June 15, September 15 and December 15 of each year. Full Prospectus PDF », Secondary Prospectus PDF », MTB Page »
| Series: | A | | Alternate symbology: | MTB-H, MTB-PH, MTBprH | | Redeemable?: | Yes | | Call Date: | 12/15/2026 | | Perpetual?: | Yes | | Cumulative?: | No | | Shares Offered: | 10,000,000 | | Liquidation Preference: | $25.00 | | Recent Market Price: | $22.91 | Discount to Liquidation Preference:
(More Preferreds Trading at a Discount ») | $-2.09 (-8.36%) | | Annualized Dividend: | 1.40625 | | Recent Ex-Date: | 6/3/2024 | | Current Yield: | 6.14% | | Original Coupon: | 5.625% per annum. From and including December 15, 2026, if declared, dividends will be payable on the liquidation preference amount, on a non-cumulative basis, at a floating rate equal to three-month LIBOR plus a spread of 4.02% per annum. | | Pay Period: | Quarterly | | Pay Dates: | 31-Mar, 30-Jun, 30-Sep, 31-Dec | | CDx3 Compliance Rating: |
Learn MTB.PRH's Rating
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M&T Bank is a bank holding company. Through its subsidiaries, Co. provides individuals, corporations and other businesses, and institutions with commercial and retail banking services, including loans and deposits, trust, mortgage banking, asset management, insurance and other financial services. Banking activities are primarily focused on consumers residing in New York State, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Massachusetts, Maine, Vermont, New Hampshire, Virginia, West Virginia, and the District of Columbia and on small and medium-size businesses based in those areas. Certain subsidiaries also conduct activities in other areas. Preferreds: MTB.PRA, MTB.PR, MTB.PRC, MTB.PRH
Open the MTB Information Page »
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| Name: |
M & T Bank Corp |
| Website: |
www.mtb.com |
| Sector: |
Banking & Savings |
| Number of ETFs Holding MTB: |
114 (see which ones) |
| Total Market Value Held by ETFs: |
$4,189,180,554.27 |
| Total Market Capitalization: |
$23,167,000,000 |
| % of Market Cap. Held by ETFs: |
18.08% |
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