M&T Bank Corporation announced on January 22, 2025, that its Board of Directors authorized a new share repurchase program. This program allows for the repurchase of up to $4.0 billion of M&T common stock.
This new authorization replaces and terminates the prior $3.0 billion share repurchase program that was authorized in July 2022. The decision underscores the bank's dedication to managing shareholders' capital responsibly.
Daryl Bible, M&T's Chief Financial Officer, noted that the strong earnings and solid capital position enable the bank to meet its goals and return surplus capital to investors. The exact timing, number of shares, price, and terms of repurchases will be at M&T's discretion and subject to regulatory limitations.
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