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M&T Bank Announces $4 Bln Share Repurchase Program

January 22, 2025 — 05:30 pm EST

Written by RTTNews.com for RTTNews ->

(RTTNews) - M&T Bank Corporation (MTB) announced on Wednesday that its Board of Directors has approved a new share repurchase program, authorizing the buyback of up to $4.0 billion of M&T common stock.

This program allows repurchases to be conducted on the open market or through privately negotiated transactions. It replaces the prior $3.0 billion repurchase program authorized in July 2022, which will terminate on January 22.

MTB closed Wednesday's trading at $195.60 down 1.34 percent or $2.66 on the New York Stock Exchange.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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