Geode Capital Management, Llc reports 3.32% increase in ownership of MTB / M&T Bank Corporation

M&T Bank Corporation

MX ˙ BMV ˙ US55261F1049

Security	MX:MTB / M&T Bank Corporation
Institution	Geode Capital Management, Llc
Latest Disclosed Ownership	4,416,145 shares
Latest Disclosed Value	$ 909,691,497

On May 15, 2026 - Geode Capital Management, Llc filed a 13F-HR form disclosing ownership of 4,416,145 shares of M&T Bank Corporation (MX:MTB) valued at $909,691,497 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 9, 2026 disclosing 4,274,367 shares of M&T Bank Corporation. This represents a change in shares of 3.32% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)

File Date	Effective Date	Form	Security	Class	ID	Reported Shares	ΔShares	ΔShares (%)	Reported Value (x1000)	ΔValue (%)	Alloc (%)
2026-05-15	2026-03-31	13F	M & T BANK	COM	55261F104	4,416,145	141,778	3.32	909,691	6.02	0.0302
2026-02-09	2025-12-31	13F	M & T BANK	COM	55261F104	4,274,367	-41,467	-0.96	858,026	1.00	0.0530
2025-11-12	2025-09-30	13F	M & T BANK	COM	55261F104	4,315,834	-54,529	-1.25	849,538	0.61	0.0542
2025-08-08	2025-06-30	13F	M & T BANK	COM	55261F104	4,370,363	-72,863	-1.64	844,417	6.64	0.0592
2025-05-13	2025-03-31	13F	M & T BANK	COM	55261F104	4,443,226	72,464	1.66	791,828	-3.41	0.0623
2025-02-12	2024-12-31	13F	M & T BANK	COM	55261F104	4,370,762	40,948	0.95	819,768	6.63	0.0635
2024-11-12	2024-09-30	13F	M & T BANK	COM	55261F104	4,329,814	66,337	1.56	768,824	19.43	0.0623
2024-08-09	2024-06-30	13F	M & T BANK	COM	55261F104	4,263,477	146,241	3.55	643,730	7.76	0.0565
2024-05-13	2024-03-31	13F	M & T BANK	COM	55261F104	4,117,236	312,113	8.20	597,364	14.82	0.0552
2024-02-13	2023-12-31	13F	M & T BANK	COM	55261F104	3,805,123	40,479	1.08	520,273	9.52	0.0544
2023-11-13	2023-09-30	13F	M & T BANK	COM	55261F104	3,764,644	83,252	2.26	475,052	4.53	0.0566
2023-08-11	2023-06-30	13F	M & T BANK	COM	55261F104	3,681,392	4,026	0.11	454,457	3.58	0.0534
2023-05-15	2023-03-31	13F	M & T BANK	COM	55261F104	3,677,366	183,690	5.26	438,743	86,779.60	0.0570
2023-02-13	2022-12-31	13F	M & T BANK	COM	55261F104	3,493,676	-5,769	-0.16	506	-99.92	0.0710
2022-11-14	2022-09-30	13F	M & T BANK	COM	55261F104	3,499,445	52,936	1.54	616,319	12.40	0.0935
2022-08-12	2022-06-30	13F	M & T BANK	COM	55261F104	3,446,509	997,319	40.72	548,318	32.40	0.0803
2022-05-13	2022-03-31	13F	M & T BANK	COM	55261F104	2,449,190	116,481	4.99	414,137	15.90	0.0517
2022-02-11	2021-12-31	13F	M & T BANK	COM	55261F104	2,332,709	66,973	2.96	357,311	5.88	0.0430
2021-11-12	2021-09-30	13F	M & T BANK	COM	55261F104	2,265,736	-80,648	-3.44	337,460	-0.76	0.0454
2021-08-13	2021-06-30	13F	M & T BANK	COM	55261F104	2,346,384	-9,423	-0.40	340,033	-4.56	0.0468
2021-05-12	2021-03-31	13F	M & T BANK	COM	55261F104	2,355,807	95,364	4.22	356,271	24.10	0.0545
2021-02-12	2020-12-31	13F	M & T BANK	COM	55261F104	2,260,443	27,726	1.24	287,076	39.87	0.0482
2020-11-13	2020-09-30	13F	M & T BANK	COM	55261F104	2,232,717	75,386	3.49	205,251	-8.35	0.0402
2020-08-13	2020-06-30	13F	M & T BANK	COM	55261F104	2,157,331	-28,948	-1.32	223,942	-0.80	0.0479
2020-05-14	2020-03-31	13F	M & T BANK	COM	55261F104	2,186,279	5,147	0.24	225,748	-38.92	0.0588
2020-02-20	2019-12-31	13F/A-1	M & T BANK	COM	55261F104	2,181,132	6,437	0.30	369,585	7.73	0.0772
2020-02-13	2019-12-31	13F	M & T BANK	COM	55261F104	2,181,132	6,437		369,585		47,100.3677
2019-11-12	2019-09-30	13F	M & T BANK	COM	55261F104	2,174,695	-68,199	-3.04	343,075	-9.93	0.0801
2019-08-14	2019-06-30	13F	M & T BANK	COM	55261F104	2,242,894	47,704	2.17	380,898	10.67	0.0922
2019-05-14	2019-03-31	13F	M & T BANK	COM	55261F104	2,195,190	181,938	9.04	344,165	19.62	0.0892
2019-03-06	2018-12-31	13F/A-1	M & T BANK	COM	55261F104	2,013,252	95,142	4.96	287,704	-8.68	0.0889
2019-02-13	2018-12-31	13F	M & T BANK	COM	55261F104	2,013,252	95,142		287,704
2018-11-13	2018-09-30	13F	M & T BANK	COM	55261F104	1,918,110	43,330	2.31	315,066	-1.05	0.0888
2018-08-14	2018-06-30	13F	M & T BANK	COM	55261F104	1,874,780	115,844	6.59	318,406	-1.58	0.0979
2018-05-15	2018-03-31	13F	M & T BANK	COM	55261F104	1,758,936	153,784	9.58	323,525	18.12	0.1054
2018-02-13	2017-12-31	13F	M & T BANK	COM	55261F104	1,605,152	22,149	1.40	273,904	7.65	0.0930
2017-11-14	2017-09-30	13F	M & T BANK	COM	55261F104	1,583,003	31,214	2.01	254,451	1.42	0.0939
2017-08-14	2017-06-30	13F	M & T BANK	COM	55261F104	1,551,789	39,152	2.59	250,892	7.34	0.0987
2017-06-21	2017-03-31	13F/A-1	M & T BK CORP COM	COM	55261F104	1,512,637	116,992	8.38	233,725	7.18	0.0959
2017-05-12	2017-03-31	13F	M & T BK CORP COM	COM	55261F104	1,512,637			233,725
2017-02-14	2016-12-31	13F	M & T BK CORP COM	COM	55261F104	1,395,645	54,189	4.04	218,062	40.23	0.1014
2016-11-10	2016-09-30	13F	M & T BK CORP COM	COM	55261F104	1,341,456	49,695	3.85	155,498	1.99	0.0783
2016-08-12	2016-06-30	13F	M & T BK CORP COM	COM	55261F104	1,291,761	-10,080	-0.77	152,461	5.71	0.0829
2016-05-13	2016-03-31	13F	M & T BK CORP COM	COM	55261F104	1,301,841	26,974	2.12	144,220	-6.46	0.0765
2016-02-12	2015-12-31	13F	M & T BK CORP COM	COM	55261F104	1,274,867	203,117	18.95	154,174	18.18	0.0879
2015-11-13	2015-09-30	13F	M & T BK CORP COM	COM	55261F104	1,071,750	14,194	1.34	130,455	-1.07	0.0791
2015-08-14	2015-06-30	13F	M & T BK CORP COM	COM	55261F104	1,057,556	15,681	1.51	131,869	-0.19	0.0753
2015-05-14	2015-03-31	13F	M & T BK CORP COM	COM	55261F104	1,041,875	31,795	3.15	132,119	4.25	0.0755
2015-02-12	2014-12-31	13F	M & T BK CORP COM	COM	55261F104	1,010,080	33,967	3.48	126,729	5.44	0.0754
2014-11-14	2014-09-30	13F	M & T BK CORP COM	COM	55261F104	976,113	-6,329	-0.64	120,194	-1.32	0.0779
2014-08-13	2014-06-30	13F	M & T BK CORP COM	COM	55261F104	982,442	9,135	0.94	121,801	3.21	0.0787
2014-05-14	2014-03-31	13F	M & T BK CORP COM	COM	55261F104	973,307	15,593	1.63	118,012	5.87	0.0792
2014-02-14	2013-12-31	13F	M & T BK CORP COM	COM	55261F104	957,714	25,317	2.72	111,465	6.84	0.0773
2013-11-14	2013-09-30	13F	M & T BK CORP COM	COM	55261F104	932,397	104,263	12.59	104,330	12.76	0.0837
2013-08-14	2013-06-30	13F	M & T BK CORP COM	COM	55261F104	828,134	828,134		92,525		0.0813

Legend

Shares: The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value: The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price: The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class: This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred

Allocation (%): The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation: The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%): The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis: The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss: This is the market value of the position as of the effective date minus the cost basis.