MCB

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management characterized the quarter's earnings impact as driven by isolated, legacy asset quality matters rather than systemic credit stress. The bank made progress on four long-standing credit issues, fully resolving some while expecting the final resolution of a high net worth client exposure by year-end., including a $27 million settlement for a Kansas City loan and the restructuring of an out-of-market multifamily credit. A $10 million charge-off was recorded for a Minnesota-based manufacturer following a failed expansion into Texas, which management attributed to execution challenges rather than core business instability. Strategic investments in an end-to-end AI initiative were accelerated, with the goal of being fully AI-enabled within 24 months to drive future operating leverage. The bank is expanding its retail footprint through low-cost, small-office 'branches' in New Jersey, Florida, and the West Coast to specifically target specialty deposit growth. Management noted that recent branch and personnel expansions were opportunistic investments not originally included in the 2026 non-interest expense run rate. Full-year loan growth guidance remains at $1 billion, supported by a current pipeline of approximately $1 billion in signed or pending term sheets. Net interest margin is projected to expand toward 4.20% by year-end, driven by asset yields above 7% and the normalization of excess cash positions. The bank's financial modeling assumes no movement in the Fed funds target rate, making the margin expansion forecast independent of potential rate cuts. Live testing for a new gaming payment platform is scheduled for late Q3, with a full market launch expected in Q4 2026 to drive 2027 fee income. Management expects to recover between $7.5 million and $10 million from previously charged-off or reserved credits by the end of the year. A $1.8 million loss was recorded due to an adverse ruling from an administrative error, which is currently under appeal and submitted for insurance recovery. Non-interest expense included $3.3 million in isolated items, including the legal accrual and one-time professional fees related to strategic initiatives. The bank completed its 'Modern Banking in Motion' core conversion in May, with minimal trailing expenses expected going forward. Management confirmed the exit from private equity-backed lending, noting the window and door company was one of only three such deals in the portfolio. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management expects to further work down excess cash held at the Federal Reserve, which acted as a drag on the reported 4.08% NIM. Normalizing the cash position is expected to push the NIM north of 4.15% in the third quarter. The expansion focuses on lean, 1,000-square-foot office spaces rather than traditional high-cost retail storefronts. This strategy is designed to recruit experienced talent for specialty deposit verticals with a very low expense headwind and fast ROI. The platform will generate 'click fees' and deposits simultaneously, mirroring the previous Global Payments Group (GPG) model. Management expects the new platform to eventually surpass the contribution levels previously seen from the GPG business.

Interested in Metropolitan Bank Holding Corp.? Here are five stocks we like better. Core operations stayed strong in Q2 2026, with loan growth up about $282 million for the quarter and management still targeting $1 billion in full-year loan growth. The bank said its loan pipeline remains near $1 billion and expects net interest income to grow at least 20% for the year. Earnings were weighed down by legacy credit issues and one-time expense items, including settlements and charge-offs tied to older loans as well as a new non-performing credit. Management said these issues are largely discrete and does not see systemic stress in the broader portfolio. Metropolitan Bank is also investing in AI, payments, and specialty deposit expansion, while keeping expenses and funding disciplined. Executives said the bank expects to fund 2026 growth with deposits rather than wholesale funding and plans further branch expansion in select markets. Executives at Metropolitan Bank (NYSE:MCB) said second-quarter 2026 operating trends remained strong, even as earnings were affected by several isolated credit and expense items tied to legacy matters and new investments. President and Chief Executive Officer Mark DeFazio said balance sheet growth was consistent with the bank’s guidance, with a strong lending pipeline and loan yields that “continue to hold.” He said the company expects core funding to support balance sheet growth through the second half of 2026. → Buyback Boom: These 3 Companies Are Betting Billions on Their Own Stocks “Although our core operating trends remain strong, this quarter’s earnings were impacted by several isolated items, primarily tied to legacy asset quality matters and investments we decided to move forward with,” DeFazio said. Executive Vice President and Chief Financial Officer Daniel Dougherty said the loan book increased by about $282 million during the second quarter and by about $518 million year to date. He said the bank’s goal of $1 billion in loan growth for 2026 remains achievable. → 3 Photonics Companies Making Quantum Tech Possible Dougherty said the bank’s loan pipeline is currently about $1 billion, including more than $625 million in signed term sheets and more than $375 million in term sheets out for signature. He added that the bank has not materially changed its credit standards to support growth. Loan growth came late in the quarter, which Dougherty said limited the immediate benefit to interest income. Average loan balance growth was about $103 million, significantly less than the period-end increase. → AI Data Centers Need Power, and These 2 Industrials Are Cashing In Interest income rose about $6 million, or 4.5%, from the first quarter, while interest expense increased about $1.4 million, or 3%. Dougherty said that resulted in top-line growth of $4.5 million, or 5.3%, on an unannualized basis. The reported net interest margin was 4.08%, unchanged from the prior quarter. Dougherty said that, after conservatively adjusting for excess cash held at the Federal Reserve, the normalized margin would have been above 4.15%. He said the company expects net interest income growth of at least 20% for the full year and expects the margin to move toward 4.20% as the year progresses, without relying on any assumed Federal Reserve rate cuts. Deposits were essentially flat compared with the prior quarter. Dougherty attributed the trend to late-quarter municipal deposit seasonality and the intentional exit of a $100 million high-cost treasury relationship. He said the cost of interest-bearing deposits declined by about four basis points on a spot basis. The bank funded loan and securities growth entirely from an oversized cash position at the Federal Reserve, with cash and due from banks declining by about $430 million during the quarter. Dougherty said municipal deposits saw about $200 million of seasonal outflows, which the bank expects to recoup over the next several months. EB-5, HOA, and title and escrow verticals combined for more than $200 million of growth during the quarter. Municipal deposit growth was about $100 million, offset by the seasonal outflows. During the question-and-answer session, Dougherty said he does not anticipate using wholesale funds, assuming deposit inflows and loan production remain aligned. He said the bank expects to fund 2026 loan growth with deposits. DeFazio provided an extended review of several credit matters, describing them as largely discrete and legacy in nature. Kansas City loan: DeFazio said the original loan balance was $24 million and that, after a $2 million specific reserve, the carrying balance was reduced to $22 million. The bank reached a $27 million settlement that includes full principal repayment, interest at the note rate, and partial reimbursement of out-of-pocket expenses. He said a significant principal paydown is expected by year-end, with the remaining balance amortized over time and supported by collateral and full recourse. Legacy out-of-market multifamily matter: The bank had established a $20 million specific reserve in the third quarter of 2025. DeFazio said a full settlement has now been reached and the prior reserve was charged off during the quarter. The remaining $14 million loan balance provides for principal and interest payments, collateral, and full recourse. High-net-worth client exposure: In connection with the multifamily matter, the bank recorded a $4 million charge-off. DeFazio said the bank remains in settlement discussions and rejected a $2 million all-cash settlement offer. He said management is confident a resolution will be reached by year-end. Window and door manufacturer: A new credit was placed on non-performing status after the company experienced execution challenges expanding from Minnesota into Texas. The bank recorded a $10 million charge-off. DeFazio said the remaining $16 million term loan balance may be supported and repaid through the company’s Minnesota operations. In response to an analyst question, DeFazio said he expects $7.5 million to $10 million of recoveries between now and year-end, while not providing specific guidance. Dougherty added that ongoing surveillance does not show systemic credit stress across the loan book. Non-interest expense totaled $51.8 million, up $5.4 million from the prior quarter. Dougherty said the increase included about $3.3 million in isolated or one-time expenses, including a $1.8 million legal accrual tied to an adverse ruling from an administrative error, about $650,000 in elevated compensation and benefits expense, and about $950,000 of one-time professional and legal fees. The bank also completed its “Modern Banking in Motion” core conversion in May. Dougherty said second-quarter expenses related to the conversion totaled about $1.1 million and that trailing expenses are expected to be minimal. Dougherty said the operating expense run rate should settle at about $48.5 million per quarter for the next two quarters. DeFazio said Metropolitan is pursuing an “end-to-end artificial intelligence initiative” and aims to be fully AI-enabled within 24 months. The bank has hired an AI lead officer, two AI analysts and one AI engineer, and has extended offers to two additional AI scientists and one additional engineer. DeFazio said the bank expects to begin quantifying the return on investment by year-end and report progress in quarterly investor materials beginning in 2027. The company is also advancing its payments platform initiative, including demonstrations with established and emerging gaming operators. DeFazio said the bank expects live testing by the end of the third quarter and market entry in the fourth quarter. He said the bank invested about $3.4 million in the initiative in 2026, which was not included in its budget, and expects the return to become quantifiable in early 2027. Metropolitan also expanded government banking expertise in New Jersey, launched a West Coast expansion focused on specialty deposits and established a new branch location in West Palm Beach, Florida. Dougherty said additional branch plans include North Carolina, Connecticut and Flushing, Queens, with openings later this year or in early 2027. DeFazio emphasized that the branch strategy is not a broad retail buildout, but a low-cost specialty deposit strategy using small office locations and experienced personnel. “The benefit of having a very lean retail operation is recruiting people with a significant experience that are aligned with our specialty deposit vertical,” DeFazio said. In closing, DeFazio said he remains confident in the company’s growth strategy, the diversification of its business model and the earnings power of the franchise. Metropolitan Bank (NYSE:MCB), through its principal subsidiary Metropolitan Commercial Bank, operates as a New York–based regional financial institution providing a range of commercial and consumer banking services. The company offers deposit products including checking, savings and money market accounts, as well as business and personal certificates of deposit. On the lending side, Metropolitan Bank extends commercial real estate financing, equipment loans, working capital lines of credit and consumer installment loans tailored to the needs of small- and medium-sized enterprises and individual customers. In addition to traditional deposit and lending services, Metropolitan Bank provides specialized treasury and cash-management solutions, foreign exchange services and letters of credit for both domestic businesses and multinational clients. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Metropolitan Bank Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

This article first appeared on GuruFocus. Loan Growth: Increased by $282 million in Q2; year-to-date growth of $518 million. Net Interest Margin (NIM): Reported at 4.08% for the quarter; normalized NIM above 4.15%. Interest Income: Up by $6 million or 4.5% compared to Q1. Interest Expense: Increased by $1.4 million or 3% compared to Q1. Net Interest Income Growth Forecast: At least 20% for the full year. Noninterest Expense: $51.8 million, up $5.4 million from the prior quarter. Onetime Expenses: Included $3.3 million in isolated expenses, with $1.8 million legal accrual. Deposit Balances: Essentially flat quarter over quarter. Cash Position: Cash in due from banks declined by about $430 million in the quarter. Strategic Investments: $3.4 million invested in payments platform initiative. Retail Expansion: New branch location in West Palm Beach, Florida; expansion in New Jersey and West Coast. Warning! GuruFocus has detected 5 Warning Sign with MCB. Is MCB fairly valued? Test your thesis with our free DCF calculator. Release Date: July 22, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Metropolitan Bank Holding Corp (NYSE:MCB) achieved consistent balance sheet growth and maintained strong loan yields. The company resolved several legacy asset quality issues, including a $27 million settlement for a Kansas City loan and a full settlement of a multifamily matter. MCB is making strategic investments in artificial intelligence, aiming to be fully AI-enabled within 24 months, which is expected to enhance future profitability. The company is expanding its retail presence with new branches in strategic locations, such as West Palm Beach, Florida, and the West Coast, focusing on specialty deposits. MCB's payments platform initiative is progressing well, with live testing expected by the end of the third quarter and market entry in the fourth quarter, promising a meaningful return on investment. The quarter's earnings were impacted by isolated items, including legacy asset quality matters and investments. MCB recorded a $10 million charge-off related to a nonperforming loan from a window and door manufacturer. The company faced a $1.8 million loss due to an adverse ruling from an administrative error, which is under appeal. Deposit competition remains a challenge, particularly in certain verticals, affecting pricing and structure. Noninterest expenses increased by $5.4 million compared to the prior quarter, driven by strategic investments and isolated expenses. Q: On your outlook for the next quarters, how do you expect cash balances to work down, and how will the net interest margin (NIM) progress? A: Daniel Dougherty, CFO, explained that the cash balance normalized at the end of the second quarter, with slight room for further reduction. Assuming aligned timing of deposit inflows and loan production, no wholesale funds are anticipated. The NIM is expected to be north of 4.15% in the third quarter and press higher towards 4.20% in the fourth quarter. Q: How do you expect the efficiency ratio to trend in the coming quarters? A: Daniel Dougherty, CFO, stated that there should be no dramatic movement in the efficiency ratio. The top line should support a modest increase in the back half of the year, with no material changes expected. Q: Can you provide more details on the potential for recoveries in future quarters? A: Mark DeFazio, CEO, indicated that they expect $7.5 million to $10 million of recoveries between now and the end of the year. He emphasized that recent credit issues were isolated and expects a return to normal performance trends. Q: Regarding deposit trends, can you specify the impact of isolated muni seasonality? A: Daniel Dougherty, CFO, noted that the seasonal movement in municipal deposits was $200 million, occurring at the quarter's end. These balances are expected to return over the next few months, with continued growth anticipated in New Jersey and other regions. Q: How is the iGaming and fee initiative progressing, and what are the expectations? A: Mark DeFazio, CEO, mentioned that they are holding demonstrations with gaming operators and expect to begin live testing by the end of the third quarter. Contributions to the bank are expected in early 2027, with noninterest income growth anticipated as the platform scales. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Quarterly Net Interest Income Increased 22.8% Year Over Year Continued Strong Capital, Liquidity and Loan Growth Position the Company for Solid Long-Term Financial Performance Financial Highlights Diluted earnings per share was $1.54 for the second quarter of 2026, compared to $2.92 for the prior linked quarter and $1.76 for the prior year period. Results reflected continued earnings strength, partially offset by a $13.3 million provision for credit losses driven primarily by a single commercial and industrial ("C&I") loan in a non-core portfolio segment, as well as $3.3 million of isolated non-interest expense items. Net interest income for the second quarter of 2026 was $90.4 million, an increase of $4.5 million, or 5.3%, compared to the prior linked quarter and an increase of $16.8 million, or 22.8%, compared to the prior year period. The net interest margin for the second quarter of 2026 was 4.08%, which was the same as the prior linked quarter and an increase of 25 basis points compared to the prior year period. The ratio of non-performing loans to total loans improved to 0.91% at June 30, 2026, a decrease of 10.0% from the prior linked quarter reflecting the resolution and charge-off of a previously reserved out-of-market commercial real estate ("CRE") loan relationship. In support of the Company’s focus on delivering strong shareholder returns, the board of directors approved a new $50.0 million common stock repurchase program on June 19, 2026 and on July 20, 2026, the board of directors declared a quarterly cash dividend of $0.35 per share on the Company’s common stock, an increase of $0.10 from the prior quarterly dividend of $0.25 per share. Total loans at June 30, 2026 were $7.3 billion, an increase of $282.4 million, or 4.0%, from March 31, 2026 and an increase of $518.7 million, or 7.6%, from December 31, 2025. Total deposits at June 30, 2026 were $7.7 billion, essentially stable from March 31, 2026 and an increase of $354.3 million, or 4.8% from December 31, 2025. The Company and Bank maintained strong total risk-based capital ratios of 14.0% and 13.7%, respectively, at June 30, 2026, well above regulatory minimums. The Bank remains "well capitalized" under all applicable regulatory guidelines. NEW YORK, July 21, 2026--(BUSINESS WIRE)--Metropolitan Bank Holding Corp. (the "Company") (NYSE: MCB), the holding company for Metropolitan Commercial Bank (the "Bank"), reported net income of $19.2 million, or $1.54 per diluted common share, for the second quarter of 2026 compared to $31.4 million, or $2.92 per diluted common share, for the first quarter of 2026 and $18.8 million, or $1.76 per diluted common share, for the second quarter of 2025. Mark DeFazio, President and Chief Executive Officer, commented, "I am pleased with the continued progress we are making across the franchise. Balance sheet growth remains consistent with our prior guidance, our lending pipeline remains robust, and loan yields continue to hold. On the funding side, our deposit forecast remains in line with guidance, and we continue to expect the momentum in our core operating trends to persist. This quarter’s earnings were noticeably affected by isolated items. However, we made significant progress in the resolution of legacy asset quality matters." Balance Sheet Total loans, net of deferred fees and unamortized costs, were $7.3 billion at June 30, 2026, an increase of $282.4 million, or 4.0%, from March 31, 2026, and an increase of $716.1 million, or 10.8%, from June 30, 2025. Loan production was $718.9 million for the second quarter of 2026 compared to $428.3 million for the prior linked quarter and $492.0 million for the prior year period. The increase in total loans from March 31, 2026 was due primarily to an increase of $330.3 million in CRE loans (including owner-occupied), partially offset by a decrease of $69.8 million in C&I loans. The increase in total loans from June 30, 2025 was due primarily to an increase of $918.1 million in CRE loans (including owner-occupied), partially offset by a decrease of $184.9 million in commercial and industrial loans. Total deposits were $7.7 billion at June 30, 2026, a decrease of $8.2 million, or 0.1%, from March 31, 2026, and an increase of $940.2 million, or 13.8%, from June 30, 2025. The small decline in deposits from March 31, 2026 was driven by seasonal outflows of certain municipal deposits, as well as the Bank’s planned termination of a $100.0 million high cost treasury deposit. The increase in total deposits from June 30, 2025 was broadly distributed across the Bank’s various deposit verticals. The Bank’s liquidity position remains robust. At June 30, 2026, cash on deposit with the Federal Reserve Bank of New York and available secured funding capacity totaled $3.1 billion, which represented 156% of our estimated uninsured deposits. Total cash and cash equivalents were $239.3 million at June 30, 2026. The Company and Bank have total risk-based capital ratios well above regulatory minimums. The Bank is "well capitalized" under all applicable regulatory guidelines. Total non-owner-occupied CRE loans were 304.1% of total risk-based capital at June 30, 2026, compared to 299.5% and 371.9% at March 31, 2026 and June 30, 2025, respectively. The CRE loan concentration ratio declined from June 30, 2025 primarily owing to the increase in the Bank’s total capital as a result of the completion of the Company’s follow-on public equity offering of common stock in the first quarter of 2026. Income Statement Financial Highlights Net Interest Income Net interest income for the second quarter of 2026 was $90.4 million compared to $85.9 million for the prior linked quarter and $73.6 million for the prior year period. The $4.5 million increase from the prior linked quarter was primarily due to an increase in the average balance of loans, securities, and overnight deposits and a decrease in the total cost of funds, partially offset by an increase in the average balance of interest-bearing deposits. The $16.8 million increase from the prior year period was primarily due to an increase in the average balance of loans and overnight deposits and a decrease in the cost of funds, partially offset by an increase in the average balance of interest-bearing deposits. Net Interest Margin Net interest margin for the second quarter of 2026 was 4.08% compared to 4.08% and 3.83% for the prior linked quarter and prior year period, respectively. The total cost of funds for the second quarter of 2026 was 257 basis points compared to 261 basis points and 310 basis points for the prior linked quarter and prior year period, respectively. The decrease from the prior linked quarter primarily reflects changes in deposit mix. The decrease from the prior year period primarily reflects the decline in short-term interest rates. Non-Interest Income Non-interest income was $2.6 million for the second quarter of 2026, a decrease of $19,000 from the prior linked quarter and a decrease of $61,000 from the prior year period. The decrease from the prior linked quarter was primarily due to a decrease in service charges on deposit accounts, partially offset by an increase in loan production fees. The decrease from the prior year period was driven primarily by a decrease in loan production fees, partially offset by an increase in service charges on deposit accounts. Non-Interest Expense Non-interest expense was $51.8 million for the second quarter of 2026, an increase of $5.4 million from the prior linked quarter and an increase of $8.7 million from the prior year period. The $5.4 million increase from the prior linked quarter was primarily due to a $1.8 million one-time legal accrual, $1.4 million increase in professional fees, and $1.2 million increase in compensation and benefits, partially offset by a $560,000 decrease in the FDIC assessment. The $8.7 million increase from the prior year period was due primarily to a $5.1 million increase in compensation and benefits, a $1.8 million one-time legal accrual, and $1.1 million increase in technology costs, partially offset by a $1.7 million decrease in the Federal Deposit Insurance Corporation ("FDIC") assessment. Income Tax Expense The effective tax rate for the second quarter of 2026 was 31.1% compared to 29.2% for the prior linked quarter and 29.9% for the prior year period. Asset Quality The ratio of non-performing loans to total loans was 0.91% at June 30, 2026, 1.01% at March 31, 2026 and 0.60% at June 30, 2025. The decrease in the non-performing loan ratio from the prior linked quarter primarily reflects the charge-off of the aforementioned CRE out-of-market loan relationship. The increase in the non-performing loan ratio from the prior year period is primarily attributable to the impact of the aforementioned CRE out-of-market and C&I non-core loan relationships. The allowance for credit losses was $62.0 million at June 30, 2026, a decrease of $20.1 million from March 31, 2026, and a decrease of $12.1 million from June 30, 2025. The decrease from March 31, 2026, primarily reflects the charge-off related to the aforementioned CRE out-of-market loan relationship. The decrease from June 30, 2025, was primarily due to enhancements made to the Bank’s allowance for credit loss estimation process implemented in the first quarter of 2026, as well as the charge-off related to the aforementioned CRE out-of-market loan relationship, partially offset by loan growth. Conference Call The Company will conduct a conference call at 9:00 a.m. ET on Wednesday, July 22, 2026, to discuss the results. To access the event by telephone, please dial 800-245-3047 (US), 203-518-9765 (INTL), and provide conference ID: MCBQ226 approximately 15 minutes prior to the start time (to allow time for registration). The call will also be broadcast live over the Internet and accessible at MCB Quarterly Results Conference Call and in the Investor Relations section of the Company’s website at MCB News. To listen to the live webcast, please visit the site at least 15 minutes prior to the start time to register, download and install any necessary audio software. For those unable to join for the live presentation, a replay of the webcast will also be available later that day accessible at MCB Quarterly Results Conference Call. About Metropolitan Bank Holding Corp. Metropolitan Commercial Bank ("MCB") is a New York City–based, full-service commercial bank serving businesses, institutions, and individuals who value expertise, responsiveness, and long-term partnerships. Since 1999, MCB has built enduring client relationships, many spanning generations, by delivering consistent, relationship-driven banking. The Bank provides a full suite of commercial, business, and personal banking solutions, with deep expertise in sectors including real estate, property management, legal services, healthcare, government, and global investors utilizing EB-5 financial solutions. MCB combines specialized capabilities with a highly personalized approach, offering integrated solutions such as title and escrow services, 1031 exchanges, and merchant acquiring. MCB has received national recognition for its performance and innovation, including being named one of Newsweek’s Best Regional Banks in 2024 and 2025 and earning industry recognition for its lending performance and specialized commercial banking capabilities. MCB operates full-service banking centers in Manhattan and Boro Park, Brooklyn, within New York City; Great Neck on Long Island; Lakewood, New Jersey; and in South Florida, including Miami, and West Palm Beach. Metropolitan Commercial Bank is a New York State–chartered commercial bank, a member of the Federal Reserve System and the Federal Deposit Insurance Corporation, and an equal housing lender. The Bank’s parent company is Metropolitan Bank Holding Corp. (NYSE: MCB). For more information, please visit the Bank’s website at MCBankNY.com. Forward-Looking Statement Disclaimer This release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Examples of forward-looking statements include but are not limited to the Company’s future financial condition and capital ratios, results of operations and the Company’s outlook, business, share repurchases under the share repurchase program, dividend payments and statements related to the completion of the public offering of common stock and the anticipated use of proceeds from the public offering of common stock. Forward-looking statements are not historical facts. Such statements may be identified by the use of such words as "may," "believe," "expect," "anticipate," "plan," "continue" or similar terminology. These statements relate to future events or our future financial performance and involve risks and uncertainties that are difficult to predict and are generally beyond our control and may cause our actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we caution you not to place undue reliance on these forward-looking statements. Factors which may cause our forward-looking statements to be materially inaccurate include, but are not limited to the following: the interest rate policies of the Federal Reserve and other regulatory bodies; an unexpected deterioration in the performance of our loan or securities portfolios; changes in liquidity, including the size and composition of our deposit portfolio and the percentage of uninsured deposits in the portfolio; unexpected increases in our expenses; different than anticipated growth and our ability to manage our growth; global pandemics, or localized epidemics, could adversely affect the Company’s financial condition and results of operations; potential recessionary conditions, including the related effects on our borrowers and on our financial condition and results of operations; an unanticipated loss of key personnel or existing clients, or an inability to attract key employees; increases in competitive pressures among financial institutions or from non-financial institutions which may result in unanticipated changes in our loan or deposit rates; unanticipated increases in FDIC insurance premiums or future assessments; legislative, tax or regulatory changes or actions, which may adversely affect the Company’s business; impacts related to or resulting from regional and community bank failures and stresses to regional banks; changes in deposit flows, funding sources or loan demand, which may adversely affect the Company’s business; changes in accounting principles, policies or guidelines may cause the Company’s financial condition or results of operation to be reported or perceived differently; general economic conditions, including unemployment rates, either nationally or locally in some or all of the areas in which the Company does business, or conditions in the securities markets or the banking industry being less favorable than currently anticipated; inflation, which may lead to higher operating costs; declines in real estate values in the Company’s market area, which may adversely affect our loan production; an unexpected adverse financial, regulatory, legal or bankruptcy event experienced by our non-bank financial service clients or critical technology service providers; system failures or cybersecurity breaches of our information technology infrastructure and/or confidential information or those of the Company’s third-party service providers; emerging issues related to the development and use of artificial intelligence that could give rise to legal or regulatory action, damage our reputation or otherwise materially harm our business or clients; failure to maintain current technologies or technological changes that may be more difficult or expensive to implement than anticipated, and failure to successfully implement future information technology enhancements; the costs, including the possible incurrence of fines, penalties, or other negative effects (including reputational harm) of any adverse judicial, administrative, or arbitral rulings or proceedings, regulatory enforcement actions, or other legal actions to which we or any of our subsidiaries are a party, and which may adversely affect our results; the current or anticipated impact of military conflict, terrorism or other geopolitical events; the successful implementation or consummation of new business initiatives, which may be more difficult or expensive than anticipated; the timely and efficient development of new products and services offered by the Company or its strategic partners, as well as risks (including reputational and litigation) attendant thereto, and the perceived overall value and acceptance of these products and services by clients; changes in consumer spending, borrowing or savings habits; the risks associated with adverse changes to credit quality; an unexpected failure to successfully manage our credit risk, nonperforming loan resolutions and the sufficiency of our allowance for credit losses; credit and other risks from borrower and depositor concentrations (e.g., by geographic area and by industry); difficulties associated with achieving or predicting expected future financial results; and the potential impact on the Company’s operations and clients resulting from natural or man-made disasters, wars, acts of terrorism, cyberattacks and pandemics, as well as those discussed under the heading "Risk Factors" in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q which have been filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended. Forward-looking statements speak only as of the date of this release. We do not undertake (and expressly disclaim) any obligation to update or revise any forward-looking statement, except as may be required by law. Consolidated Balance Sheet (unaudited) Consolidated Statement of Income (unaudited) Loan Production, Asset Quality & Regulatory Capital Performance Measures Interest Margin Analysis Reconciliation of Non-GAAP Measures In addition to the results presented in accordance with Generally Accepted Accounting Principles ("GAAP"), this earnings release includes certain non-GAAP financial measures. Management believes these non-GAAP financial measures provide meaningful information to investors in understanding the Company’s operating performance and trends. These non-GAAP measures have inherent limitations and are not required to be uniformly applied and are not audited. They should not be considered in isolation or as a substitute for an analysis of results reported under GAAP. These non-GAAP measures may not be comparable to similarly titled measures reported by other companies. Reconciliations of non-GAAP/adjusted financial measures disclosed in this earnings release to the comparable GAAP measures are provided in the following tables: Explanatory Note Some amounts presented within this document may not recalculate due to rounding. View source version on businesswire.com: https://www.businesswire.com/news/home/20260721145341/en/ Contacts Daniel F. DoughertyEVP & Chief Financial OfficerMetropolitan Commercial Bank(212) [email protected]

NEW YORK, July 20, 2026--(BUSINESS WIRE)--Metropolitan Bank Holding Corp. (the "Company") (NYSE: MCB), the holding company for Metropolitan Commercial Bank, today announced a quarterly cash dividend of $0.35 per share on the Company’s common stock (the "Dividend"), an increase of $0.10 from the prior quarterly dividend of $0.25 per share. The Dividend is payable on August 11, 2026 to holders of record of the Company’s common stock at the close of business on July 31, 2026. About Metropolitan Bank Holding Corp. Metropolitan Commercial Bank ("MCB") is a New York City–based, full-service commercial bank serving businesses, institutions, and individuals who value expertise, responsiveness, and long-term partnerships. Since 1999, MCB has built enduring client relationships—many spanning generations—by delivering consistent, relationship-driven banking. The Bank provides a full suite of commercial, business, and personal banking solutions, with deep expertise in sectors including real estate, property management, legal services, healthcare, government, and global investors utilizing EB-5 financial solutions. MCB combines specialized capabilities with a highly personalized approach, offering integrated solutions such as title and escrow services, 1031 exchanges, and merchant acquiring. MCB has received national recognition for its performance and innovation, including being named one of Newsweek’s Best Regional Banks in 2024 and 2025 and earning industry recognition for its lending performance and specialized commercial banking capabilities. MCB operates full-service banking centers in Manhattan and Boro Park, Brooklyn, within New York City; Great Neck on Long Island; Lakewood, New Jersey; and in South Florida, including Miami, and West Palm Beach. Metropolitan Commercial Bank is a New York State–chartered commercial bank, a member of the Federal Reserve System and the Federal Deposit Insurance Corporation, and an equal housing lender. The Bank’s parent company is Metropolitan Bank Holding Corp. (NYSE: MCB). For more information, please visit the Bank’s website at MCBankNY.com. Forward-Looking Statement Disclaimer This release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Examples of forward-looking statements include but are not limited to the Company’s future financial condition and capital ratios, results of operations and the Company’s outlook and business. Forward-looking statements are not historical facts. Such statements may be identified by the use of such words as "may," "believe," "expect," "anticipate," "plan," "continue" or similar terminology. These statements relate to future events or our future financial performance and involve risks and uncertainties that are difficult to predict and are generally beyond our control and may cause our actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we caution you not to place undue reliance on these forward-looking statements. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, but are not limited to those discussed under the heading "Risk Factors" in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q which have been filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended. Forward-looking statements speak only as of the date of this release. We do not undertake (and expressly disclaim) any obligation to update or revise any forward-looking statement, except as may be required by law. View source version on businesswire.com: https://www.businesswire.com/news/home/20260720042077/en/ Contacts Daniel F. DoughertyEVP & Chief Financial OfficerMetropolitan Commercial Bank(212) [email protected]

NEW YORK, July 09, 2026--(BUSINESS WIRE)--Metropolitan Bank Holding Corp. (the "Company") (NYSE: MCB), the holding company for Metropolitan Commercial Bank, today announced it will release second quarter 2026 financial results after the market closes on Tuesday, July 21, 2026. The Company will conduct a conference call at 9:00 a.m. ET on Wednesday, July 22, 2026, to discuss the results. To access the event by telephone, please dial 800-245-3047 (US), 203-518-9765 (INTL), and provide conference ID: MCBQ226 approximately 15 minutes prior to the start time (to allow time for registration). The call will also be broadcast live over the Internet and accessible at MCB Quarterly Results Conference Call and in the Investor Relations section of the Company’s website at MCB News. To listen to the live webcast, please visit the site at least 15 minutes prior to the start time to register, download and install any necessary audio software. For those unable to join for the live presentation, a replay of the webcast will also be available later that day accessible at MCB Quarterly Results Conference Call. About Metropolitan Bank Holding Corp. Metropolitan Commercial Bank ("MCB") is a New York City–based, full-service commercial bank serving businesses, institutions, and individuals who value expertise, responsiveness, and long-term partnerships. Since 1999, MCB has built enduring client relationships—many spanning generations—by delivering consistent, relationship-driven banking. The Bank provides a full suite of commercial, business, and personal banking solutions, with deep expertise in sectors including real estate, property management, legal services, healthcare, government, and global investors utilizing EB-5 financial solutions. MCB combines specialized capabilities with a highly personalized approach, offering integrated solutions such as title and escrow services, 1031 exchanges, and merchant acquiring. MCB has received national recognition for its performance and innovation, including being named one of Newsweek’s Best Regional Banks in 2024 and 2025 and earning industry recognition for its lending performance and specialized commercial banking capabilities. MCB operates full-service banking centers in Manhattan and Boro Park, Brooklyn, within New York City; Great Neck on Long Island; Lakewood, New Jersey; and in South Florida, including Miami, and West Palm Beach. Metropolitan Commercial Bank is a New York State–chartered commercial bank, a member of the Federal Reserve System and the Federal Deposit Insurance Corporation, and an equal housing lender. The Bank’s parent company is Metropolitan Bank Holding Corp. (NYSE: MCB). For more information, please visit the Bank’s website at MCBankNY.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260709311150/en/ Contacts Daniel F. DoughertyEVP & Chief Financial OfficerMetropolitan Commercial Bank(212) [email protected]

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Metropolitan Bank Holding (MCB) is on investors’ radar after reporting first quarter 2026 results, with net interest income of US$85.91 million and net income of US$31.43 million, along with a higher quarterly dividend of US$0.25 per share. See our latest analysis for Metropolitan Bank Holding. At a share price of US$88.01, Metropolitan Bank Holding has given investors a 14.34% year to date share price return. The 1 year total shareholder return of 45.59% and 3 year total shareholder return of 176.06% point to strong longer term momentum, with the recent 7.55% 1 month share price gain contrasting with softer 90 day trading and arriving alongside the latest earnings beat, dividend increase, and ongoing expansion of its Association Banking platform in Florida. If you want to see what else is attracting interest in financials and beyond, this is a good moment to broaden your search with the 18 top founder-led companies With earnings and dividends moving, a share price near US$88.01, and analysts’ targets and intrinsic value models suggesting a gap, the key question is whether Metropolitan Bank Holding still trades at a discount or if the market is already accounting for future growth. Metropolitan Bank Holding's most followed narrative pegs fair value at about $101.33, compared with the last close of $88.01. This frames the current discount in clear terms. Read the complete narrative. Curious how this tech overhaul, fee mix shift, and long term earnings profile are wired into that valuation gap? The full narrative spells out the revenue curve, margin trajectory, and the future multiple the market would need to accept. Result: Fair Value of $101.33 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, this depends on the tech overhaul staying on track and on commercial real estate exposure not translating into higher credit losses or heavier loan loss provisions. Find out about the key risks to this Metropolitan Bank Holding narrative. The fair value narrative leans on long term earnings forecasts and discount rates. Today the share price also reflects a P/E of 12.7x. That is higher than peer averages of 10.6x and the US Banks industry at 11.7x, yet below a fair ratio estimate of 14.6x. This leaves a mix of valuation risk and possible upside if the market ever moves closer to that fair ratio. To see how that P/E gap could play out as earnings and sentiment shift, take a closer look at the valuation breakdown with the See what the numbers say about this price — find out in our valuation breakdown. The optimism in this story is clear. Treat it as a starting point rather than the final word, and weigh the upside against your own risk tolerance by reviewing the 3 key rewards. If you stop at one stock, you risk missing other opportunities that fit your style. Use the screener to line up your next potential moves with confidence. Target resilient income by checking which companies show up as 13 dividend fortresses and see how they might complement your current holdings. Spot potential value opportunities early by scanning the screener containing 24 high quality undiscovered gems before they attract wider attention. Strengthen your downside protection by focusing on 72 resilient stocks with low risk scores that aim to keep volatility and risk scores in check. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include MCB. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Loan growth and pipeline: The loan book rose by about $235 million in Q1 with a strong pipeline of over $1.2 billion (including >$700 million in signed term sheets), and iGaming payments and the HUD platform have moved into the integration stage. Deposits and funding: Deposits outpaced loans, rising roughly $363 million (~5%) and reducing deposit costs by 15 bps, driven by specialty verticals (municipals, EB-5, HOAs); management expects to fund 2026 loan growth with deposits and sees HUD/iGaming deposits lowering cost of funds into 2027. Credit and reserves: The bank charged off $12.3 million on three loans, took a $2.6 million provision release, expects recoveries of $7–8 million this year, and says reserves are adequate with a longer-run target of about 100–115 bps. Interested in Metropolitan Bank Holding Corp.? Here are five stocks we like better. Metropolitan Bank (NYSE:MCB) executives highlighted first-quarter balance sheet growth, deposit momentum, and progress on planned payments and HUD-related initiatives during the company’s first quarter 2026 earnings call. Management also discussed credit developments, margin dynamics, and the expected timing of technology conversion expenses. President and CEO Mark DeFazio said the bank entered the year with “meaningful visibility” into its growth outlook, citing signed client commitments, active onboarding activity, and long-standing relationships. He emphasized that the bank’s iGaming payments effort and HUD platform “are no longer conceptual” and are now in the integration stage. → GE Vernova Beats Earnings by 790% as Data Center Demand Explodes Executive Vice President and CFO Daniel Dougherty said the loan book increased by about $235 million in the quarter, which he said was consistent with the bank’s guidance for $1 billion of net loan growth in 2026. Dougherty reported first-quarter total originations and draws of approximately $524 million at a weighted average coupon net of fees of about 7.24%, while payoffs and paydowns totaled approximately $287 million at a weighted average coupon of 7.37%. Looking ahead, Dougherty described the loan pipeline as “very strong,” with more than $1.2 billion of opportunities at various underwriting stages, including more than $700 million represented by signed term sheets. → Tesla’s Earnings Confirm the Shift to AI—But at What Cost? On the funding side, Dougherty said deposit growth continued to outpace loan growth. Deposits increased by about $363 million, or roughly 5%, during the quarter. He added that the bank’s cost of deposits dropped by 15 basis points over the quarter, which he attributed primarily to two late-2025 Federal Open Market Committee rate cuts. Dougherty said municipals, EB-5, and homeowners associations (HOAs) drove most of the deposit increase. DeFazio provided additional color during Q&A, explaining that the bank distinguishes between deposits sourced from commercial clients/retail channels and “specialty deposits.” He said HOAs, EB-5, and municipals fall into the specialty category and are driven by a specialized team rather than loan-related activity. DeFazio also said the bank has been expanding into different geographies to better serve HOAs and municipalities. → Tariffs Rose: 1 Steelmaker Thrived, 1 Still Struggles Dougherty said the bank’s intent “to continue funding all 2026 loan growth with deposits remains unchanged.” He also pointed to payments and HUD initiatives as programs in execution that are expected to become meaningful contributors to the deposit funding platform “soon.” Dougherty reported a first-quarter net interest margin (NIM) of 4.08%, down 2 basis points from the prior quarter. However, he said that on a normalized basis, NIM increased about 10 basis points quarter-over-quarter. He explained that the prior-quarter margin had benefited from late-year loan prepayments that increased prepayment penalties and deferred fee income, and that the first quarter included an “outsized” cash balance due to deposit growth exceeding loan growth, year-end loan prepayments, and the capital raise. After adjusting for the elevated cash position, Dougherty said the first-quarter normalized NIM was about 4.12%. He reiterated guidance that each 25 basis point reduction in the fed funds target rate should produce about five basis points of NIM expansion, but emphasized that the bank has “removed all rate cut assumptions” from its 2026 forecast model. On the income statement, Dougherty said first-quarter interest income declined about $2.5 million versus the prior quarter, citing fewer days in the quarter, elevated December loan payoffs, and to a lesser extent the impact of late-fourth-quarter rate resets on floating-rate loans. Interest expense declined by about $3 million, which he said resulted in “flattish” overall top-line performance. Looking forward, Dougherty said the bank expects top-line growth to resume “according to plan,” including at least 20% net interest income growth for the full year. He added that the bank expects NIM to push higher during the year toward 4.15% to 4.20%. In response to an analyst question about the drivers of margin expansion, Dougherty said the “primary driver” would be repricing of the back book, including renewing or replacing lower-coupon paper at higher coupons. He added that the ability to reprice deposits would depend on mix, noting that EB-5 momentum could help lower deposit costs, while HOAs and government munis tend to sit at the higher end of deposit pricing. DeFazio added that deposits expected from HUD and iGaming “will definitely bring down our cost of funds immediately” looking into 2027. On credit, Dougherty said several factors drove a reduction in the allowance for credit losses (ACL) during the quarter. He cited: The charge-off of three loans totaling $12.3 million A provision release of $2.6 million tied to enhancements to the ACL framework Improvements in the forecast for certain underlying macroeconomic variables Dougherty said the three loans charged off included two unsecured personal loans and one out-of-market commercial real estate loan, and he said the bank was actively seeking recoveries. During Q&A, DeFazio said the bank had previously discussed two of the three charged-off loans, while the out-of-state CRE loan had not been discussed previously. He added that, out of the $12 million charged off, he was “fairly confident” the bank would recover $7 million to $8 million this year, calling that a “good outcome” on the unsecured facilities. Separately, DeFazio addressed a loan relationship first referenced in the third quarter of 2025, saying the bank was still working through it and expected a full recovery of principal, interest at the regular rate, and legal fees. He said the matter was moving toward a legal proceeding in Mission, Kansas, and that management hoped to resolve it in the second to third quarter. Asked whether other issues could affect nonperforming assets, DeFazio said the bank’s recent credit challenges amounted to “inside of five credits” discussed over the past year and a half. He said the bank would return to its “normal trends” of low criticized and classified loans and expected to reach final resolution on the remaining credits this year. He also said the bank believed it was “adequately reserved” for those loans and did not expect further reserves associated with the legacy credits. In another exchange, Dougherty said that over time management views a reserve level of “100-115 basis points” as appropriate for a growing commercial banking franchise, adding that the longer-run 115 basis-point view “is okay,” though it may take time to reach once remaining nonperforming loans are resolved. Dougherty said noninterest expense was $46.4 million, up $2 million from the prior quarter. He attributed the increase primarily to higher compensation and benefits, including about $3 million tied to increased bonus accrual and restricted stock expense, as well as seasonal increases in payroll-related costs. He also noted a $1.8 million decrease in technology costs due to a delay in completion of the bank’s digital transformation project. For the first quarter, Dougherty said digital project costs were about $1 million. With the “Modern Banking in Motion” conversion now expected to take place in May, he said the bank had “penciled in” about $2 million of related expenses to be recognized in the second quarter. In response to an analyst question, management said it would stick to its previously stated expense guidance, which was referenced on the call as “$189-$191” (without additional detail provided in the transcript). In closing remarks, DeFazio thanked investors who participated in the recent capital raise and reiterated appreciation for continued shareholder support. Metropolitan Bank (NYSE:MCB), through its principal subsidiary Metropolitan Commercial Bank, operates as a New York–based regional financial institution providing a range of commercial and consumer banking services. The company offers deposit products including checking, savings and money market accounts, as well as business and personal certificates of deposit. On the lending side, Metropolitan Bank extends commercial real estate financing, equipment loans, working capital lines of credit and consumer installment loans tailored to the needs of small- and medium-sized enterprises and individual customers. In addition to traditional deposit and lending services, Metropolitan Bank provides specialized treasury and cash-management solutions, foreign exchange services and letters of credit for both domestic businesses and multinational clients. The article "Metropolitan Bank Q1 Earnings Call Highlights" was originally published by MarketBeat.

This article first appeared on GuruFocus. ROPC: 15.6%. Loan Book Increase: $235 million. Total Originations and Draws: Approximately $524 million at a weighted average coupon of 7.24%. Payoffs and Pay Downs: Approximately $287 million at a WACC of 7.37%. Deposit Growth: $363 million or approximately 5%. Cost of Deposits: Dropped by 15 basis points. Net Interest Margin (NIM): 4.08%, down 2 basis points from the prior quarter. Interest Income: Down by about $2.5 million compared to the prior quarter. Interest Expense: Down by about $3 million. Non-Interest Expense: $46.4 million, up $2 million versus the prior quarter. Allowance for Credit Losses: Charge-off of three loans totaling $12.3 million; provision release of $2.6 million. Warning! GuruFocus has detected 4 Warning Sign with MCB. Is MCB fairly valued? Test your thesis with our free DCF calculator. Release Date: April 22, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Metropolitan Bank Holding Corp (NYSE:MCB) reported a significant loan book increase of $235 million, aligning with their guidance of $1 billion in net growth for 2026. The company achieved impressive deposit growth of $363 million, or approximately 5%, outpacing loan growth. MCB's net interest margin (NIM) was 4.08% in the first quarter, with expectations to increase to 4.15% to 4.20% as the year progresses. The bank's iGaming payments and HUD platform are in the integration stage, with expectations for meaningful balance sheet growth and fee income. MCB successfully executed a follow-on equity raise in March under challenging market conditions, demonstrating strong investor confidence. The company experienced a reduction in interest income by about $2.5 million compared to the prior quarter. There were charge-offs of three loans totaling $12.3 million, impacting the allowance for credit losses. Non-interest expense increased by $2 million versus the prior quarter, driven by higher compensation and benefits costs. The net interest margin decreased by 2 basis points from the prior quarter, although it increased on a normalized basis. MCB's core non-interest income remained relatively flat, with expectations for improvement tied to new initiatives later in the year. Q: Can you provide more color on the drivers behind the impressive deposit growth this quarter and the outlook for the rest of the year? A: Mark DeFazio, President and CEO, explained that the deposit growth is driven by specialty deposits such as HOAs, EB-5, and Munis, rather than commercial activity. These are managed by a focused team of SMEs, and the bank is expanding into different geographies to better serve these markets. Q: Could you update us on the progress of the payment initiatives and the expected revenue impact? A: Mark DeFazio stated that the payment initiatives are in the integration stage, with technology being developed for iGaming clients. Testing is expected to begin in June through September, with a live launch anticipated by the end of the third or fourth quarter. More specific financial guidance will be provided in the next quarter. Q: Regarding the quarterly charge-offs, were these related to loans identified last year, and what is the outlook for credit improvement? A: Mark DeFazio confirmed that the charge-offs included loans previously discussed, with expectations of recovering $7 to $8 million this year. The bank is working towards resolving these credits and expects significant improvement in credit quality this year. Q: How do you expect the net interest margin (NIM) to evolve this year, and what are the dynamics between loan yields and deposit costs? A: Daniel Dougherty, CFO, indicated that NIM expansion will be driven by repricing the back book and replacing lower coupon loans with higher ones. The mix of deposits, particularly the contribution from EB-5, will influence deposit costs. The bank expects deposits from HUD and iGaming to lower the cost of funds in the future. Q: With the $1 billion loan growth guide, how should we think about the cash on the balance sheet and its impact on funding? A: Daniel Dougherty explained that the cash balance will be worked down in parallel with loan growth. The bank carried an average of $600 million in cash, which will be reduced to a normal position of around $200 million as loan growth continues. The current cash position fully funds second-quarter growth and provides a good start for the third and fourth quarters. For the complete transcript of the earnings call, please refer to the full earnings call transcript.