Vanguard Capital Management Acquires 7.6% Stake in M&T Bank Corp

Vanguard Capital Management LLC has filed a Schedule 13G with the SEC, reporting a new 7.6% ownership stake in M&T Bank Corp (MTB). As of the event date on March 31, 2026, the investment adviser beneficially owns 11,332,373 shares of common stock. According to the filing, Vanguard holds sole dispositive power over the entire position of 11,332,373 shares, while maintaining sole voting power over 1,553,712 shares. The filing indicates that these securities were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. This position represents a significant increase from a previous holding of zero shares, establishing Vanguard as a major institutional shareholder in the Buffalo-based banking institution. The reporting entity includes various affiliates such as Vanguard Asset Management Limited and Vanguard Global Advisers, LLC. The total value of the reported holdings is estimated at approximately $2.45 billion based on the filing data.