M&T Bank Corporation (NYSE: MTB) announced that its Board of Directors authorized a new share repurchase program to buy back up to $5.0 billion of common stock on March 30, 2026.

The new authorization replaces and terminates the bank's prior $4.0 billion share repurchase program that was authorized in January 2025. The repurchases may occur on the open market or through privately negotiated transactions.

M&T stated that the exact number of shares, timing, price and terms of the repurchases will be at the company's discretion and subject to applicable regulatory limitations.

The Buffalo, New York-based financial holding company operates through its principal banking subsidiary M&T Bank, which provides banking products and services across the eastern United States from Maine to Virginia and Washington, D.C.