M & T BK CORP

Ticker: MTB CUSIP: 55261F104 Class: COM

Davis Selected Advisers's Holding History (CIK: 0001036325)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 55,846 Value ($000) $11,252 Avg Close $190.09 Range $173.38 - $208.26

Q3 2025

Shares 51,027 Value ($000) $10,084 Avg Close $193.71 Range $179.84 - $202.35

Q2 2025

Shares 50,948 Value ($000) $9,883 Avg Close $172.90 Range $147.35 - $193.26

Q1 2025

Shares 51,185 Value ($000) $9,149 Avg Close $184.51 Range $165.06 - $197.34

Q4 2024

Shares 49,678 Value ($000) $9,340 Avg Close $192.14 Range $164.08 - $217.71

Q3 2024

Shares 48,565 Value ($000) $8,650 Avg Close $159.11 Range $139.56 - $174.25

Q2 2024

Shares 48,247 Value ($000) $7,303 Avg Close $138.95 Range $126.18 - $148.59

Q1 2024

Shares 48,247 Value ($000) $7,017 Avg Close $130.61 Range $120.57 - $139.44

Q4 2023

Shares 49,385 Value ($000) $6,770 Avg Close $117.30 Range $100.95 - $139.29

Q3 2023

Shares 48,705 Value ($000) $6,159 Avg Close $120.47 Range $109.59 - $131.11

Q2 2023

Shares 46,895 Value ($000) $5,804 Avg Close $110.64 Range $99.63 - $120.49

Q1 2023

Shares 47,235 Value ($000) $5,648 Avg Close $131.45 Range $100.21 - $146.31

Q4 2022

Shares 47,915 Value ($000) $6,951 Avg Close $147.80 Range $125.03 - $172.70

Q3 2022

Shares 47,915 Value ($000) $8,448 Avg Close $158.03 Range $132.58 - $172.33

Q2 2022

Shares 54,615 Value ($000) $8,705 Avg Close $149.08 Range $139.16 - $163.11

Q1 2022

Shares 55,975 Value ($000) $9,488 Avg Close $155.43 Range $136.45 - $165.23

Q4 2021

Shares 56,995 Value ($000) $8,753 Avg Close $134.29 Range $124.36 - $142.38

Q3 2021

Shares 149,429 Value ($000) $22,316 Avg Close $120.25 Range $111.14 - $134.92

Q2 2021

Shares 143,743 Value ($000) $20,887 Avg Close $134.57 Range $123.34 - $144.59

Q1 2021

Shares 59,543 Value ($000) $9,027 Avg Close $126.15 Range $107.04 - $140.55

Q4 2020

Shares 43,833 Value ($000) $5,580 Avg Close $96.63 Range $76.47 - $110.90

Q3 2020

Shares 39,883 Value ($000) $3,673 Avg Close $85.82 Range $74.81 - $95.50

Q2 2020

Shares 33,359 Value ($000) $3,468 Avg Close $87.80 Range $70.48 - $108.89

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	55,846	$11,252	$190.09	$173.38 - $208.26
Q3 2025	51,027	$10,084	$193.71	$179.84 - $202.35
Q2 2025	50,948	$9,883	$172.90	$147.35 - $193.26
Q1 2025	51,185	$9,149	$184.51	$165.06 - $197.34
Q4 2024	49,678	$9,340	$192.14	$164.08 - $217.71
Q3 2024	48,565	$8,650	$159.11	$139.56 - $174.25
Q2 2024	48,247	$7,303	$138.95	$126.18 - $148.59
Q1 2024	48,247	$7,017	$130.61	$120.57 - $139.44
Q4 2023	49,385	$6,770	$117.30	$100.95 - $139.29
Q3 2023	48,705	$6,159	$120.47	$109.59 - $131.11
Q2 2023	46,895	$5,804	$110.64	$99.63 - $120.49
Q1 2023	47,235	$5,648	$131.45	$100.21 - $146.31
Q4 2022	47,915	$6,951	$147.80	$125.03 - $172.70
Q3 2022	47,915	$8,448	$158.03	$132.58 - $172.33
Q2 2022	54,615	$8,705	$149.08	$139.16 - $163.11
Q1 2022	55,975	$9,488	$155.43	$136.45 - $165.23
Q4 2021	56,995	$8,753	$134.29	$124.36 - $142.38
Q3 2021	149,429	$22,316	$120.25	$111.14 - $134.92
Q2 2021	143,743	$20,887	$134.57	$123.34 - $144.59
Q1 2021	59,543	$9,027	$126.15	$107.04 - $140.55
Q4 2020	43,833	$5,580	$96.63	$76.47 - $110.90
Q3 2020	39,883	$3,673	$85.82	$74.81 - $95.50
Q2 2020	33,359	$3,468	$87.80	$70.48 - $108.89