M&T Bank Corporation 8-K Report: Stock Insights & Capital Structure Update
Based on the provided XML section of the financial report, here are the key insights and information extracted:
- Entity Identification:
- Company Name: M&T Bank Corporation
- CIK (Central Index Key): 0000036270
- SEC Filing Type: 8-K
- Filing Date: January 16, 2025
- Stock Information:
- Common Stock:
- Par Value: $0.50
- Ticker Symbol: MTB
- Exchange: NYSE (New York Stock Exchange)
- Preferred Stocks:
- Series H:
- Type: Perpetual Fixed-to-Floating Rate Non-Cumulative Preferred Stock
- Ticker Symbol: MTBPrH
- Series J:
- Type: Perpetual 7.500% Non-Cumulative Preferred Stock
- Ticker Symbol: MTBPrJ
- Geographic Information:
- Headquarters Address: One M&T Plaza, Buffalo, NY 14203, USA
- Phone Number: 716-635-4000
- Reporting Period:
- The report covers a specific date: January 16, 2025, indicating it is a snapshot rather than a period-over-period analysis.
- Stock Classes:
- The report references different classes of stock (Common Stock and two series of Preferred Stock), which may indicate a focus on the capital structure of the company.
- Financial Reporting Standards:
- The document is formatted according to XBRL (eXtensible Business Reporting Language) under US GAAP (Generally Accepted Accounting Principles) for the year 2024.
Insights:
- M&T Bank Corporation is actively managing its capital structure with multiple classes of stock, including common and preferred shares, which could be indicative of its strategy to attract different types of investors.
- The presence of perpetual and non-cumulative preferred stock may indicate a strategy to provide more flexible dividend payments while potentially appealing to income-focused investors.
- The filing type (8-K) suggests that this filing is used for significant events or changes that may be of interest to shareholders, which could imply an important update or announcement tied to the date of the report.
Conclusion:
This financial report section provides essential insights into M&T Bank Corporation's stock structure, significant classes of shares, and its corporate identity. The information could be relevant for investors, analysts, or stakeholders looking to understand the company's equity financing strategy and organizational details as of January 16, 2025.