M&T Bank Corporation bonds MTB
Who owns M&T Bank Corporation's debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. MTB stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| 55261FAN4 | 3.5% fixed | 2026-09-01 | USD | 99.49 | 9.49% | 576 bp | 12 | $8.4M | Jul 2026 |
| 55261FAH7 | 5.125% fixed | 2026-11-01 | USD | 99.68 | 6.39% | 266 bp | 5 | $2.8M | Jul 2026 |
| 320808AD0 | 5.015% floating | 2027-01-15 | USD | 99.56 | — | — | 4 | $14.8M | Jul 2026 |
| 32082CAC1 | 4.775% floating | 2027-02-01 | USD | 99.71 | — | — | 3 | $6.9M | Jul 2026 |
| 55279HAQ3 | 3.4% fixed | 2027-08-17 | USD | 98.87 | 4.51% | 46 bp | 8 | $17.0M | Jul 2026 |
| 55279HAW0 | 4.7% fixed | 2028-01-27 | USD | 100.08 | 4.64% | 51 bp | 16 | $117.7M | Jul 2026 |
| 564760CC8 | 4.762% variable | 2028-07-06 | USD | 100.03 | — | — | 18 | $95.4M | Jul 2026 |
| 55261FAQ7 | 4.553% fixed | 2028-08-16 | USD | 99.82 | 4.64% | 42 bp | 10 | $98.2M | Jul 2026 |
| 55261FAU8 | 4.833% fixed | 2029-01-16 | USD | 100.09 | 4.79% | 56 bp | 22 | $24.7M | Jul 2026 |
| 55261FAS3 | 7.413% fixed | 2029-10-30 | USD | 105.31 | 5.60% | 133 bp | 25 | $132.8M | Jul 2026 |
| 564760CD6 | 4.548% fixed | 2030-04-18 | USD | 98.91 | 4.87% | 58 bp | 17 | $62.3M | Jul 2026 |
| 55261FAY0 | 5.179% variable | 2031-07-08 | USD | 100.10 | — | — | 16 | $42.9M | Jul 2026 |
| 55261FAT1 | 6.082% fixed | 2032-03-13 | USD | 103.33 | 5.39% | 102 bp | 18 | $11.3M | Jul 2026 |
| 55261FAR5 | 5.053% fixed | 2034-01-27 | USD | 97.48 | 5.47% | 98 bp | 16 | $42.5M | Jul 2026 |
| 55261FAZ7 | 5.4% fixed | 2035-07-30 | USD | 99.10 | 5.53% | 97 bp | 20 | $39.0M | Jul 2026 |
| 55261FAV6 | 5.385% fixed | 2036-01-16 | USD | 97.93 | 5.67% | 110 bp | 27 | $22.6M | Jul 2026 |
| 55261FBA1 | 5.295% fixed | 2036-04-18 | USD | 98.23 | 5.53% | 94 bp | 19 | $18.5M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Price history
Median fund-marked price across the bonds, per 100 of face value.
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Jul 2026 | 17 | $757.8M | 99.68 | 5.39% | 94 bp | 27 |
| Jun 2026 | 17 | $1.32B | 99.88 | 5.18% | 83 bp | 53 |
| May 2026 | 15 | $1.05B | 100.00 | 5.16% | 81 bp | 32 |
| Apr 2026 | 17 | $893.3M | 99.74 | 5.12% | 102 bp | 31 |
| Mar 2026 | 15 | $1.15B | 99.69 | 5.14% | 116 bp | 57 |
| Feb 2026 | 13 | $931.0M | 101.46 | 4.74% | 86 bp | 32 |
| Jan 2026 | 16 | $882.8M | 100.80 | 4.88% | 94 bp | 32 |
| Dec 2025 | 16 | $1.17B | 100.74 | 4.88% | 98 bp | 56 |
| Nov 2025 | 15 | $1.12B | 100.87 | 4.88% | 97 bp | 32 |
| Oct 2025 | 18 | $990.7M | 100.42 | 5.02% | 112 bp | 36 |
| Sep 2025 | 18 | $1.25B | 100.69 | 4.97% | 106 bp | 65 |
| Aug 2025 | 16 | $1.18B | 100.61 | 5.03% | 104 bp | 30 |
| Jul 2025 | 18 | $1.06B | 100.05 | 5.23% | 100 bp | 36 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 123 added, 85 cut, 34 new holders and 51 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $356.5M | $360.9M | -$72.9M |
| JPMorgan Ultra-Short Income ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $191.9M | $191.7M | $109.7M |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $168.8M | $170.2M | $2.4M |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $101.4M | $103.6M | $14.2M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $100.4M | $101.0M | $0 |
| Bond Fund John Hancock Sovereign Bond Fund | 2026-05-31 | $94.3M | $94.1M | $26.1M |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $80.6M | $80.2M | -$17.6M |
| VANGUARD WELLINGTON FUND | 2026-05-31 | $78.8M | $79.2M | $0 |
| Baird Short-Term Bond Fund Baird Funds Inc | 2026-06-30 | $60.4M | $60.2M | $33.9M |
| VANGUARD WELLESLEY INCOME FUND | 2026-06-30 | $59.1M | $59.3M | $0 |
| VANGUARD INSTITUTIONAL INTERMEDIATE-TERM BOND FUND VANGUARD MALVERN FUNDS | 2026-06-30 | $49.0M | $49.1M | -$3.6M |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $45.5M | $46.1M | $9.7M |
| VANGUARD CORE BOND FUND VANGUARD MALVERN FUNDS | 2026-06-30 | $45.1M | $45.6M | -$9.5M |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $44.4M | $44.9M | -$3.3M |
| VANGUARD ULTRA-SHORT-TERM BOND FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $44.6M | $44.6M | $0 |
| Lord Abbett Short Duration Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $43.7M | $43.7M | $0 |
| State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $42.9M | $43.0M | $16.9M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $41.8M | $42.3M | $2.3M |
| American Balanced Fund | 2026-06-30 | $39.3M | $41.6M | $0 |
| Bond Fund of America | 2026-06-30 | $37.8M | $40.0M | $0 |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $38.4M | $39.9M | $12.0M |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $34.7M | $33.9M | $0 |
| Bridge Builder Core Bond Fund Bridge Builder Trust | 2026-06-30 | $32.5M | $32.4M | $26.3M |
| BlackRock Systematic Multi-Strategy Fund BlackRock Funds IV | 2026-06-30 | $28.3M | $29.7M | $0 |
| Principal Spectrum Preferred Securities Active ETF Principal Exchange-Traded Funds | 2026-06-30 | $29.7M | $29.5M | $9.6M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Spectrum Preferred and Capital Securities Income Fund ($43.4M), Holbrook Income Fund ($22.1M), Nuveen Preferred Securities and Income Fund ($20.1M), Income Fund of America ($13.4M), Lord Abbett Income Fund ($9.8M), Fidelity SAI Enhanced Core Bond Fund ($4.8M), AST J.P. Morgan Fixed Income Central Portfolio ($4.7M), NVIT Loomis Core Bond Fund ($3.5M), Nuveen Variable Rate Preferred & Income Fund ($3.0M), Nuveen Preferred & Income Opportunities Fund ($2.4M).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| JPST JPMorgan Ultra-Short Income ETF | 2026-05-31 | 3 | $191.9M | $191.7M | 0.50% |
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 11 | $168.8M | $170.2M | 0.04% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 9 | $101.4M | $103.6M | 0.21% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $80.6M | $80.2M | 0.12% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 11 | $45.5M | $46.1M | 0.21% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 9 | $44.4M | $44.9M | 0.06% |
| SPSB State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | 2026-06-30 | 7 | $42.9M | $43.0M | 0.40% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 13 | $41.8M | $42.3M | 0.03% |
| PREF Principal Spectrum Preferred Securities Active ETF | 2026-06-30 | 1 | $29.7M | $29.5M | 1.67% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $27.9M | $28.2M | 0.09% |
| VUSB VANGUARD ULTRA-SHORT BOND ETF | 2026-06-30 | 3 | $24.4M | $24.4M | 0.27% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 2 | $21.8M | $21.7M | 0.04% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 10 | $21.5M | $21.6M | 0.19% |
| GSY Invesco Ultra Short Duration ETF | 2026-07-31 | 1 | $19.2M | $19.3M | 0.49% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 13 | $18.0M | $18.2M | 0.10% |
Default risk, three ways
Stock market: distance-to-default
Not computed: financial company (banks, insurers, BDCs and REITs carry leverage as their business, which the model misreads).
Bond market: priced-in odds
A 94 bp spread prices in about 1.6% a year of default odds (spread ÷ (1 − 40% recovery)). Fund-reported marks as of Jul 2026; the spread also pays for liquidity and risk premium, so this overstates actual defaults.
Accounts: Altman Z
Not available.
The stock side: 13F filings
What institutions report holding in MTB's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 167 | $316.6M | 0 | — | 1 | $131K | 0 |
| 2026-06-30 | 1,141 | $30.73B | 11 | $42.4M | 16 | $117.9M | 1 |
| 2026-03-31 | 1,084 | $22.26B | 15 | $77.2M | 18 | $127.1M | 0 |
| 2025-12-31 | 1,086 | $26.25B | 19 | $99.3M | 18 | $111.2M | 0 |
| 2025-09-30 | 1,036 | $26.33B | 21 | $85.7M | 19 | $120.8M | 0 |
| 2025-06-30 | 1,006 | $26.29B | 19 | $59.7M | 21 | $111.8M | 0 |
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.