M&T Bank Corp (MTB) shareholders
MTBNYSEState Commercial BanksFiscal year ends December 31Also trades as MTB.PH, MTB.PJ, MTB.PK, MTB.PL
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 17/304% below fair value
$221.12+1.34 (+0.61%)
Close on Nov 13, 2026Market cap $31.93BP/E 11.5Yield 2.58%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
132M
Shares held, 13F filers
Institutional holders
1,159
133 new, 74 sold out
Net institutional buying
-0M
In Q2 2026
Insider trades, 12 months
0 buys · 22 sales
Net sold $26.82M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 13,109,596 | 7.90% | 13G (passive) amendment | Dec 31, 2023 |
| FMR LLC Joint filing with Abigail P. Johnson (7.30%) | 11,986,746 | 7.30% | 13G (passive) amendment | Mar 31, 2025 |
| Vanguard Capital Management | 11,332,373 | 7.60% | 13G (passive) | Mar 31, 2026 |
| Wellington Management Company LLP Joint filing with Wellington Management Group LLP (6.00%), Wellington Group Holdings LLP (6.00%) and 1 more | 9,894,065 | 5.70% | 13G (passive) | Mar 31, 2025 |
| Abigail P. Johnson Joint filing with FMR LLC (6.30%) | 9,166,549 | 6.30% | 13G (passive) amendment | Sep 30, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of MTB | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 12,846,003 | – | $3.06B | −155,545 | 0.05% |
| FMR LLC | 12,417,262 | – | $2.96B | −754,074 | 0.13% |
| Wellington Management Group Llp | 9,801,881 | – | $2.33B | −150,431 | 0.40% |
| Vanguard Capital Management LLC | 9,566,754 | – | $2.28B | −211,907 | 0.05% |
| State Street Corp | 7,112,644 | – | $1.69B | −39,313 | 0.05% |
| Vanguard Portfolio Management LLC | 7,080,537 | – | $1.69B | −408,000 | 0.08% |
| Geode Capital Management, LLC | 4,348,008 | – | $1.03B | −68,137 | 0.05% |
| State Farm Mutual Automobile Insurance Co | 4,122,590 | – | $981.22M | – | 0.67% |
| JPMorgan Chase & Co | 4,045,990 | – | $967.80M | +41,761 | 0.05% |
| Invesco Ltd. | 4,025,037 | – | $958.00M | +23,113 | 0.08% |
| Morgan Stanley | 3,590,085 | – | $854.48M | −861,950 | 0.05% |
| Norges Bank | 1,985,145 | – | $472.48M | New | 0.05% |
| Dimensional Fund Advisors LP | 1,589,579 | – | $378.36M | +13,508 | 0.07% |
| Northern Trust Corp | 1,491,910 | – | $355.09M | −28,381 | 0.04% |
| Bank of New York Mellon Corp | 1,390,604 | – | $330.98M | +1,359 | 0.05% |
| Goldman Sachs Group Inc | 1,366,905 | – | $325.34M | +207,514 | 0.03% |
| Bank Of America Corp /De/ | 1,324,600 | – | $315.27M | −284,003 | 0.02% |
| Massachusetts Financial Services Co /Ma/ | 1,191,392 | – | $284.13M | +12,756 | 0.09% |
| Nuveen, LLC | 1,147,480 | – | $273.11M | −243,619 | 0.07% |
| M&T Bank Corp | 1,147,230 | – | $273.05M | +538,853 | 0.80% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|
| Q2 2026 | 1,159 | 132M | 133 / 393 | 403 / 74 | 7M | 7M |
| Q1 2026 | 1,111 | 132M | 105 / 403 | 382 / 88 | 25M | 9M |
| Q4 2025 | 1,106 | 137M | 152 / 356 | 392 / 83 | 9M | 13M |
| Q3 2025 | 1,056 | 141M | 103 / 411 | 329 / 59 | 12M | 8M |
| Q2 2025 | 1,025 | 138M | 100 / 374 | 379 / 98 | 5M | 9M |
| Q1 2025 | 1,038 | 141M | 102 / 388 | 378 / 98 | 11M | 13M |
| Q4 2024 | 1,046 | 145M | 184 / 359 | 349 / 64 | 10M | 16M |
| Q3 2024 | 945 | 151M | 113 / 332 | 337 / 78 | 22M | 7M |
| Q2 2024 | 921 | 149M | 103 / 338 | 312 / 65 | 7M | 13M |
| Q1 2024 | 894 | 155M | 99 / 290 | 347 / 86 | 15M | 11M |
| Q4 2023 | 890 | 152M | 156 / 271 | 329 / 63 | 18M | 6M |
| Q3 2023 | 807 | 140M | 72 / 274 | 309 / 82 | 6M | 6M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
735 funds held MTB in Q2 2026, 44% of their shares through ETFs. Each fund counts once per quarter, from its quarter-end report.
| Fund | Shares | % of MTB | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 4,647,745 | – | $1.11B | 0.05% | Jun 30, 2026 |
| Vanguard 500 Index Fund | 3,792,699 | – | $902.70M | 0.05% | Jun 30, 2026 |
| Vanguard Equity Income Fund | 3,582,947 | – | $852.78M | 1.30% | Jun 30, 2026 |
| Vanguard Mid-Cap Index Fund | 3,173,439 | – | $755.31M | 0.34% | Jun 30, 2026 |
| Strategic Advisers Fidelity U.S. Total Stock Fund | 2,413,739 | – | $521.63M | 0.21% | May 31, 2026 |
| iShares Core S&P 500 ETF | 2,014,234 | – | $479.41M | 0.05% | Jun 30, 2026 |
| Fidelity 500 Index Fund | 1,943,104 | – | $419.92M | 0.05% | May 31, 2026 |
| Vanguard Value Index Fund | 1,394,502 | – | $331.91M | 0.13% | Jun 30, 2026 |
| Vanguard Wellesley Income Fund | 1,240,564 | – | $295.27M | 0.62% | Jun 30, 2026 |
| Vanguard Windsor Fund | 1,186,626 | – | $292.25M | 1.16% | Jul 31, 2026 |
| State Street(R) Financial Select Sector SPDR(R) ETF | 990,591 | – | $235.77M | 0.46% | Jun 30, 2026 |
| Fidelity Series Value Discovery Fund | 941,844 | – | $231.97M | 1.31% | Jul 31, 2026 |
| Invesco KBW Bank ETF | 918,724 | – | $198.55M | 3.73% | May 31, 2026 |
| Invesco S&P 500 Equal Weight ETF | 832,869 | – | $205.13M | 0.21% | Jul 31, 2026 |
| Vanguard Mid-Cap Value Index Fund | 795,595 | – | $189.36M | 0.51% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | Latest filing |
|---|---|---|---|
| Rene F. Jones | Chairman of the Board and CEO, Director | 112,122 | Sep 16, 2026 |
| Kevin J. Pearson | Vice Chairman | 45,672 | Oct 20, 2026 |
| John R. Taylor | EVP and Controller | 5,191 | Aug 19, 2026 |
| Daryl N. Bible | Sr. EVP & CFO | 26,967 | Aug 4, 2026 |
| Tracy S. Woodrow | Sr. Executive Vice President | 9,608 | Jul 6, 2026 |
| Christopher E. Kay | Sr. Executive Vice President | 6,753 | May 11, 2026 |
| Michael A. Wisler | Sr. Executive Vice President | 12,880 | Mar 2, 2026 |
| Peter D'Arcy | Sr. Executive Vice President | 12,737 | Feb 18, 2026 |
| Laura P. O'Hara | Sr. EVP & Chief Legal Officer | 10,242 | Feb 18, 2026 |
| Julianne Urban | Sr. EVP & Chief Auditor | 8,458 | Feb 18, 2026 |
| Neeraj Singh | Sr. Executive Vice President | 2,797 | Feb 3, 2026 |
| Michael J. Todaro | Sr. Executive Vice President | 4,375 | Feb 4, 2025 |
| Rudina Seseri | Director | 3,649 | Aug 25, 2026 |
| Kirk W. Walters | Director | 6,640 | Aug 7, 2026 |
| Jeremy M. Jacobs Jr | Director | 589 | Aug 5, 2026 |
| Richard H. Ledgett Jr. | Director | 5,080 | Aug 4, 2026 |
| Leslie V. Godridge | Director | 5,121 | May 4, 2026 |
| William Frank Cruger Jr. | Director | 9,878 | May 4, 2026 |
| Melinda R. Rich | Director | 24,309 | May 4, 2026 |
| Denis J. Salamone | Director | 53,106 | May 4, 2026 |
| Jane Chwick | Director | 6,994 | May 4, 2026 |
| Carlton J. Charles | Director | 3,408 | May 4, 2026 |
| Herbert L. Washington | Director | 18,799 | May 4, 2026 |
| John P. Barnes | Director | 15,806 | May 4, 2026 |
| Robert E. Sadler Jr | Director | 85,813 | Feb 3, 2026 |
| Gary N. Geisel | Director | 16,465 | Feb 3, 2026 |
| T. Jefferson Cunningham Iii | Director | 14,433 | Feb 4, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Kevin J. Pearson Vice Chairman | Oct 16, 2026 | Sale(10b5-1 plan) | −2,000 | $220.75 | $441.50K | 42,107 |
| Rene F. Jones Chairman of the Board and CEO, Director | Sep 14, 2026 | Sale(10b5-1 plan) | −19,396 | $239.35 | $4.64M | 103,831 |
| Rene F. Jones Chairman of the Board and CEO, Director | Sep 14, 2026 | Tax withholding | −15,101 | $239.48 | $3.62M | 123,227 |
| Rene F. Jones Chairman of the Board and CEO, Director | Sep 14, 2026 | Option exercise | +16,770 | $190.78 | $3.20M | 138,328 |
| Rudina Seseri Director | Aug 21, 2026 | Sale | −623 | $241.05 | $150.17K | 3,649 |
| John R. Taylor EVP and Controller | Aug 17, 2026 | Sale | −1,217 | $253.84 | $308.92K | 3,062 |
| Kirk W. Walters Director | Aug 5, 2026 | Sale | −9.37 | $253.77 | $2.38K | 0 |
| Richard H. Ledgett Jr. Director | Aug 3, 2026 | Sale | −855 | $248.16 | $212.18K | 4,690 |
| Jeremy M. Jacobs Jr Director | Jul 31, 2026 | Award | +589 | – | – | 589 |
| Daryl N. Bible Sr. EVP & CFO | Jul 31, 2026 | Tax withholding | −3,043 | $246.29 | $749.46K | 26,967 |
| Kevin J. Pearson Vice Chairman | Jul 15, 2026 | Sale(10b5-1 plan) | −2,000 | $242.00 | $484.00K | 44,107 |
| Tracy S. Woodrow Sr. Executive Vice President | Jul 1, 2026 | Sale(10b5-1 plan) | −881 | $242.00 | $213.20K | 9,608 |
| Tracy S. Woodrow Sr. Executive Vice President | Jul 1, 2026 | Option exercise | +376 | $190.78 | $71.73K | 9,984 |
| Tracy S. Woodrow Sr. Executive Vice President | Jul 1, 2026 | Option exercise | +505 | $164.54 | $83.09K | 10,489 |
| John R. Taylor EVP and Controller | Jun 15, 2026 | Sale | −1,098 | $233.23 | $256.09K | 4,279 |
| John R. Taylor EVP and Controller | Jun 15, 2026 | Option exercise | +269 | $190.78 | $51.32K | 5,377 |
| Kevin J. Pearson Vice Chairman | Jun 9, 2026 | Sale(10b5-1 plan) | −4,636 | $226.70 | $1.05M | 46,107 |
| Kevin J. Pearson Vice Chairman | Jun 9, 2026 | Option exercise | +10,062 | $190.78 | $1.92M | 56,169 |
| Kevin J. Pearson Vice Chairman | Jun 9, 2026 | Sale(10b5-1 plan) | −18,722 | $225.20 | $4.22M | 50,743 |
| Kevin J. Pearson Vice Chairman | Jun 9, 2026 | Option exercise | +13,296 | $164.54 | $2.19M | 69,465 |
| Kevin J. Pearson Vice Chairman | Jun 4, 2026 | Sale(10b5-1 plan) | −2,000 | $220.00 | $440.00K | 46,107 |
| Christopher E. Kay Sr. Executive Vice President | May 7, 2026 | Sale | −3,105 | $216.50 | $672.23K | 6,753 |
| Denis J. Salamone Director | Apr 30, 2026 | Award | +664 | – | – | 45,189 |
| Richard H. Ledgett Jr. Director | Apr 30, 2026 | Award | +664 | – | – | 5,545 |
| Kirk W. Walters Director | Apr 30, 2026 | Award | +664 | – | – | 6,640 |
| Jane Chwick Director | Apr 30, 2026 | Award | +664 | – | – | 6,994 |
| William Frank Cruger Jr. Director | Apr 30, 2026 | Award | +687 | – | – | 9,878 |
| Carlton J. Charles Director | Apr 30, 2026 | Award | +664 | – | – | 3,408 |
| Leslie V. Godridge Director | Apr 30, 2026 | Award | +664 | – | – | 5,121 |
| John P. Barnes Director | Apr 30, 2026 | Award | +664 | – | – | 15,806 |
| Herbert L. Washington Director | Apr 30, 2026 | Award | +664 | – | – | 18,299 |
| Melinda R. Rich Director | Apr 30, 2026 | Award | +664 | – | – | 24,109 |
| Rudina Seseri Director | Apr 30, 2026 | Award | +664 | – | – | 4,190 |
| Michael A. Wisler Sr. Executive Vice President | Feb 26, 2026 | Option exercise | +2,163 | $138.10 | $298.71K | 12,880 |
| Michael A. Wisler Sr. Executive Vice President | Feb 26, 2026 | Sale | −8,236.98 | $223.48 | $1.84M | 4,643 |
| Michael A. Wisler Sr. Executive Vice President | Feb 26, 2026 | Option exercise | +2,588 | $156.00 | $403.73K | 10,717 |
| Kevin J. Pearson Vice Chairman | Feb 13, 2026 | Award | +6,750 | – | – | 51,471 |
| Kevin J. Pearson Vice Chairman | Feb 13, 2026 | Tax withholding | −3,364 | $228.71 | $769.38K | 48,107 |
| Christopher E. Kay Sr. Executive Vice President | Feb 13, 2026 | Award | +3,983 | – | – | 11,703 |
| Christopher E. Kay Sr. Executive Vice President | Feb 13, 2026 | Tax withholding | −1,845 | $228.71 | $421.97K | 9,858 |
| Rene F. Jones Chairman of the Board and CEO, Director | Feb 13, 2026 | Tax withholding | −8,270 | $228.71 | $1.89M | 121,558 |
| Rene F. Jones Chairman of the Board and CEO, Director | Feb 13, 2026 | Award | +16,199 | – | – | 129,828 |
| Julianne Urban Sr. EVP & Chief Auditor | Feb 13, 2026 | Tax withholding | −341 | $228.71 | $77.99K | 8,458 |
| Julianne Urban Sr. EVP & Chief Auditor | Feb 13, 2026 | Award | +945 | – | – | 8,799 |
| Laura P. O'Hara Sr. EVP & Chief Legal Officer | Feb 13, 2026 | Award | +1,889 | – | – | 10,242 |
| Laura P. O'Hara Sr. EVP & Chief Legal Officer | Feb 13, 2026 | Tax withholding | −683 | $228.71 | $156.21K | 9,559 |
| John R. Taylor EVP and Controller | Feb 13, 2026 | Award | +233 | – | – | 5,205 |
| John R. Taylor EVP and Controller | Feb 13, 2026 | Tax withholding | −97 | $228.71 | $22.18K | 5,108 |
| Peter D'Arcy Sr. Executive Vice President | Feb 13, 2026 | Tax withholding | −1,370 | $228.71 | $313.33K | 12,737 |
| Peter D'Arcy Sr. Executive Vice President | Feb 13, 2026 | Award | +3,105 | – | – | 14,107 |
| Michael A. Wisler Sr. Executive Vice President | Feb 13, 2026 | Tax withholding | −994 | $228.71 | $227.34K | 8,129 |
| Michael A. Wisler Sr. Executive Vice President | Feb 13, 2026 | Award | +2,497 | – | – | 9,123 |
| Tracy S. Woodrow Sr. Executive Vice President | Feb 13, 2026 | Tax withholding | −921 | $228.71 | $210.64K | 9,608 |
| Tracy S. Woodrow Sr. Executive Vice President | Feb 13, 2026 | Award | +2,295 | – | – | 10,529 |
| Tracy S. Woodrow Sr. Executive Vice President | Feb 11, 2026 | Option exercise | +1,053 | $138.10 | $145.42K | 9,287 |
| Tracy S. Woodrow Sr. Executive Vice President | Feb 11, 2026 | Sale | −1,053 | $234.21 | $246.62K | 8,234 |
| John P. Barnes Director | Feb 9, 2026 | Sale | −21,193 | $235.85 | $5.00M | 15,142 |
| Kirk W. Walters Director | Feb 3, 2026 | Sale | −909 | $227.37 | $206.68K | 5,976 |
| Rene F. Jones Chairman of the Board and CEO, Director | Feb 2, 2026 | Tax withholding | −40,093 | $221.57 | $8.88M | 113,629 |
| Rene F. Jones Chairman of the Board and CEO, Director | Feb 2, 2026 | Option exercise | +30,541 | $173.04 | $5.28M | 138,316 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Short interest
Shares sold short and not yet bought back, as of Oct 30, 2026 (FINRA, reported twice a month)
Short % of float
3.43%
5M shares short
Days to cover
5.0
At 1M shares a day
Change since last report
-5.1%
From 5M shares
Short volume, 20 days
53.4%
Of volume reported to FINRA
Shares sold short, last 12 months
Short sale volume counts trades marked short on any given day, including market-maker hedging, so it runs far higher than the share of M&T Bank's stock actually held short. Settlement fails (shares not delivered on time) peaked at 1,921 shares on Aug 27, 2026 over the last 90 days.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Kevin J. Pearson Officer | Oct 16, 2026 | 2,000 | $441.50K | Oct 16, 2026 | Restricted Stock Vesting |
| Rene F. Jones Officer, Director | Sep 14, 2026 | 19,396 | $4.64M | Sep 14, 2026 | Restricted Stock Vesting |
| Rudina Seseri Director | Aug 21, 2026 | 623 | $150.17K | Aug 21, 2026 | Restricted Stock Vesting |
| John R. Taylor Officer | Aug 17, 2026 | 1,217 | $308.92K | Aug 17, 2026 | Restricted Stock Vesting |
| Richard H. Ledgett Jr. Director | Aug 3, 2026 | 855 | $212.18K | Aug 3, 2026 | Restricted Stock Vesting |
| Gary N. Geisel Former Director | Jul 16, 2026 | 1,259 | $318.51K | Jul 16, 2026 | Restricted Stock Vesting |
| Kevin J. Pearson Officer | Jul 15, 2026 | 2,000 | $484.00K | Jul 15, 2026 | Restricted Stock Vesting |
| Tracy S. Woodrow Officer | Jul 1, 2026 | 881 | $213.20K | Jul 1, 2026 | Stock Option Exercise |
| John R. Taylor Officer | Jun 15, 2026 | 1,098 | $256.09K | Jun 15, 2026 | Restricted Stock Vesting |
| M&T Bank Corporation Pension Plan Affiliate | Jun 15, 2026 | 63,000 | $14.81M | Jun 15, 2026 | In-Kind Contribution |
| Gary N. Geisel Director | Jun 10, 2026 | 1,200 | $273.33K | Jun 10, 2026 | Restricted Stock Vesting |
| Kevin J. Pearson Officer | Jun 9, 2026 | 23,358 | $5.27M | Jun 9, 2026 | Stock Option Exercise |
| Kevin J. Pearson Officer | Jun 4, 2026 | 2,000 | $440.00K | Jun 4, 2026 | Restricted Stock Vesting |
| Christopher E. Kay Officer | May 7, 2026 | 3,105 | $672.23K | May 7, 2026 | Restricted Stock Vesting |
| Michael A. Wisler Officer | Feb 26, 2026 | 8,237 | $1.84M | Feb 26, 2026 | Dividend Reinvestment |
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