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Investor releaseQuarter not tagged2026-04-25A Look At Metropolitan Bank Holding (MCB) Valuation After Earnings Beat And Dividend Increase
Simply Wall St.
A Look At Metropolitan Bank Holding (MCB) Valuation After Earnings Beat And Dividend Increase
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 estimat...
Investor releaseQuarter not tagged2026-04-24Metropolitan Bank Q1 Earnings Call Highlights
MarketBeat
Metropolitan Bank Q1 Earnings Call Highlights
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 d...
Investor releaseQuarter not tagged2026-04-23Metropolitan Bank Holding Corp (MCB) Q1 2026 Earnings Call Highlights: Strong Loan and Deposit ...
GuruFocus.com
Metropolitan Bank Holding Corp (MCB) Q1 2026 Earnings Call Highlights: Strong Loan and Deposit ...
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 r...
Investor releaseQuarter not tagged2026-04-22Metropolitan Bank Q1 Earnings, Revenue Rise
MT Newswires
Metropolitan Bank Q1 Earnings, Revenue Rise
Metropolitan Bank (MCB) reported Q1 earnings late Tuesday of $2.92 per diluted share, up from $1.45
Investor releaseQuarter not tagged2026-04-22Metropolitan Bank Holding Corp. Reports First Quarter 2026 Results
Business Wire
Metropolitan Bank Holding Corp. Reports First Quarter 2026 Results
Strong Financial Performance and Successful Follow on Equity offering Highlight First Quarter Results Financial Highlights Diluted earnings per share of $2.92 for the first quarter of 2026, compared to $2.77 for the prior linked quarter and $1.45 for the prior year period. Net interest income for the first quarter of 2026 was $85.9 million, an increase of $19.0 million or 28.3%, compared to the prior year period. The net interest margin for the first quarter of 2026 was 4.08%, an increase of 40 basis points compared to 3.68% for the prior year period. Annualized return on average equity ("ROAE") of 15.4% and annualized return on average tangible common equity1 ("ROATCE") of 15.6% for the first quarter of 2026. The Company completed a public equity offering of approximately 2.3 million shares of common stock at a price of $85.00 per share, resulting in proceeds, net of underwriting discounts and commissions of approximately $186.8 million. On April 20, 2026, the board of directors declared a quarterly cash dividend of $0.25 per share on the Company’s common stock, an increase of $0.05 from the prior quarterly dividend of $0.20 per share. Total loans at March 31, 2026 were $7.0 billion, an increase of $236.3 million, or 3.5%, from December 31, 2025 and $704.4 million, or 11.1%, from March 31, 2025. Total deposits at March 31, 2026 were $7.7 billion, an increase of $362.5 million, or 4.9%, from December 31, 2025 and $1.3 billion, or 20.0%, from March 31, 2025. The Company and Bank have total risk-based capital ratios of 14.6% and 14.3%, respectively, at March 31, 2026, well above regulatory minimums. The Bank is "well capitalized" under all applicable regulatory guidelines. 1 Non-GAAP financial measure. See Reconciliation of Non-GAAP Measures on page 11. NEW YORK, April 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 $31.4 million, or $2.92 per diluted common share, for the first quarter of 2026 compared to $28.9 million, or $2.77 per diluted common share, for the fourth quarter of 2025 and $16.4 million, or $1.45 per diluted common share, for the first quarter of 2025. Mark DeFazio, President and Chief Executive Officer, commented, "Our first quarter results reflect the continued strength and momentum of our business model. Driven b...
TranscriptFY2026 Q12026-04-22FY2026 Q1 earnings call transcript
Earnings source - 56 paragraphs
FY2026 Q1 earnings call transcript
Welcome to the Metropolitan Commercial Bank First Quarter 2026 Earnings Call. Hosting the call today from Metropolitan Commercial Bank are Mark DeFazio, President and Chief Executive Officer, and Daniel Dougherty, Executive Vice President and Chief Financial Officer. Today's call is being recorded. During today's presentation, reference will be made to the company's earnings release and investor presentation, copies of which are available at mcbankny.com. Today's presentation may include forward-looking statements that are subject to risks and uncertainties that may cause actual results to differ materially. Please refer to the company's notices regarding forward-looking statements and non-GAAP measures that appear in the earnings release and investor presentation. It is now my pleasure to turn the floor over to Mark DeFazio, President and Chief Executive Officer. You may begin.
Thank you, Angela. Good morning, and thank you all for joining our call. We entered the year with momentum, meaningful visibility into our growth outlook. A substantial portion of our expected loan and deposit growth is already in the pipeline and expected to be realized in the first half of the year, with the balance building steadily into the back half. The visibility reflects signed client commitments, active onboarding activity, and long-standing relationships rather than speculative assumptions. Our iGaming payment and HUD platform are no longer conceptual. They are in integration stage. We have a line of sight into implementation timelines and client onboarding activity, which will allow us to provide increasingly specific guidance around when these initiatives will translate into meaningful balance sheet growth, fee income, and a broader client engagement.
With new investors joining us following the successful capital raise, this is an important moment to restate what defines the MCB business model. This is not a new strategy or a pivot. This is a continuation and acceleration of a long-standing plan that has been executed consistently over many years. MCB is led by an experienced management team with a demonstrated track record of delivering on growth initiatives. Our performance reflects disciplined execution, not opportunistic expansion, and our results speak to the depth and experience across the organization. Our growth profile is unmatched among peers, both within the New York City market and nationally. This outperformance is not limited to a single cycle or initiative. It is evident across multiple years of economic environments, underscoring the durability of our model.
The initiatives driving our growth today were developed over many years and required extensive upfront investments, particularly in technology, infrastructure, and risk management. Those investments are now largely complete. As a result, today's growth reflects execution on a well-planned strategy, not aggressive stretched targets or growth for the sake of growth. The magnitude of our growth opportunity is a direct result of the investment we've made in technology and talent, which are now fully embedded in the organization. MCB is positioned to comfortably support a substantially larger balance sheet while continuing to meet the evolving needs of a sophisticated commercial client. I would like to express my sincere appreciation to our employees, directors, and clients for their continued dedication and contributions. Their commitment to excellence has been instrumental to MCB's sustained performance and will remain a key driver of our success in the years ahead.
I will now turn our call over to our CFO, Daniel F. Dougherty.
Thanks, Mark. Good morning, everyone, and thanks for joining the call. The press release does a good job summarizing the highlights of the quarter, but I would like to take a moment to emphasize the impressive ROCE print of 15.6% and the successful follow-on equity raise, which was executed in March under challenging market conditions. Thanks to everyone that participated. With that said, let's begin with a few comments on the evolution of the balance sheet during the first quarter. The loan book increased by about $235 million. Pace of loan growth is in line with our guidance of $1 billion in net growth for 2026. First quarter total originations and draws of approximately $524 million were printed at a weighted average coupon net of fees of about 7.24%.
Payoffs and paydowns totaled approximately $287 million at a WAC of 7.37%. Our current loan spread guidance continues to drive new volume coupons well above 7%. Looking forward, our current loan pipelines remain very strong, with loan opportunities at various stages of underwriting totaling more than $1.2 billion. To add some additional context, the portion of the current pipeline represented by signed term sheets totals to more than $700 million. On the deposit side, our deposit growth continues to outpace our loan growth. In the first quarter, we grew deposits by about $363 million or approximately 5%. Over the course of the first quarter, our cost of deposits dropped by 15 basis points.
The decline was primarily driven by the two late 2025 rate cuts made by the FOMC. Deposit verticals driving the bulk of the increase in deposits in the quarter were municipals, EB-5, and HOAs. The outlook for continued deposit growth in our existing verticals remains strong, and our intent to continue funding all 2026 loan growth with deposits remains unchanged. As a normal course of business, we continuously seek new deposit opportunities. We currently have a couple of programs, namely our payments and HUD initiatives, that are currently in the execution phase. Both of these initiatives are expected to become meaningful contributors to our deposit funding platform soon. Our net interest margin was 4.08 in the first quarter, down 2 basis points from the prior quarter.
However, on a normalized basis, quarter-over-quarter, the NIM increased by about 10 basis points, a performance very much aligned with our recent guidance that each 25 basis point reduction in the Fed funds target rate should drive about five basis points of NIM expansion. Specifically, as discussed on the fourth quarter earnings call, the fourth quarter NIM of 4.10% was influenced higher by late-year loan prepayments that drove above normal prepayment penalty and deferred fee income, resulting in a normalized NIM of about 4.02%. Looking at this quarter, we carried a cash balance well above normal. This was a result of deposit growth in excess of loan growth, the previously mentioned year-end 2025 loan prepayments, and the capital raise. After conservatively adjusting for the outsized cash position, the first quarter normalized NIM print was about 4.12%.
Now let's move on to some high-level comments on our income statement. Our first quarter interest income was down by about $2.5 million compared to the prior quarter. There were three primary drivers of this result. The first being the day count decline quarter-over-quarter, the elevated December loan payoffs, as previously mentioned, and to a lesser extent, the impact of rate resets that occurred late in the fourth quarter on floating rate loans. Importantly, on the other side of the ledger, interest expense was down by about $3 million, resulting in a flattish top line performance overall. Going forward, it is our expectation that top line growth will resume according to plan, with at least 20% net interest income growth for the full year. We expect that the NIM will push higher over the course of the year toward 4.15%-4.20% as the year progresses.
Importantly, our expanding NIM forecast is not reliant on rate cuts. In fact, we have removed all rate cut assumptions from our current 2026 forecast model. On the allowance for credit losses, a confluence of events drove the reduction in the allowance in Q1. The primary drivers of the change were the charge-off of three loans totaling $12.3 million, a provision release of $2.6 million as we made enhancements to our ACL framework, and improvements in the forecast for certain underlying macroeconomic variables. The three loans charged off this quarter included two unsecured personal loans and one out-of-market CRE loan. Using all channels available to us, we are actively seeking recoveries on each of these loans. We continue to work diligently toward the resolution of the credits that make up our NPL portfolio. Our core non-interest income continues to be relatively flat.
However, we remain optimistic that our new initiatives related to payments and HUD activity will drive a meaningful uplift in fee income beginning in the back half of this year. Noninterest expense was $46.4 million, up $2 million versus the prior quarter. The major movements in operating expenses quarter-over-quarter were an increase of $3.8 million in comp and benefits, primarily related to an increase in the bonus accrual and restricted stock expense of about $3 million, and seasonal increases in FICA and other payroll-related expenses of about $1.1 million. As well, we saw a $1.8 million decrease in technology costs. The primary driver of this decrease was related to a delay in the completion of the digital transformation project. In total, for the first quarter, digital project costs were about $1 million.
With the Modern Banking in Motion conversion now expected to take place in May, we have penciled in about $2 million of related expenses to be recognized in the second quarter. I will now turn the call back to our operator for Q&A.
Thank you. The floor is now open for questions. At this time, if you have a question or comment, please press star one on your telephone keypad. If at any point your question has been answered, you may remove yourself from the queue by pressing star two. Again, we do ask that while you pose your question, that you pick up your handset to provide optimal sound quality. We'll pause for just a moment. Once again, that is star one if you'd like to ask a question. Our first question comes from Timur Braziler with UBS. Your line is now open. Please go ahead.
Hi. Good morning.
Morning.
Good morning.
Looking at the deposit growth, pretty impressive this quarter. Maybe just give us a little bit more color to the drivers there and the accelerating growth rates more recently. Is this the deposit engine kind of catching up to some of the lending activities? Is this something else? Just maybe give us a little bit of color on what's been driving that growth and as you look through the rest of the year, kind of the projection on the deposit side.
So when you look at the slide in our investor deck showing you all the different deposit verticals, we differentiate the deposits that are coming in from commercial clients or our retail platform versus specialty deposits. This year, as Dan mentioned, HOAs, EB-5, and munis sit in our specialty deposit opportunities. They're not driven by loan or commercial activity. They're driven by a very focused team of SMEs who are very experienced in these markets. We continue to expand into different geographies, allowing us to better serve HOAs and municipalities as well.
Great, thanks for that. Maybe looking at the payment side. I know you had said that those are no longer conceptual lifts. Can you just maybe provide us an update on how some of those initial use cases are playing out? Just remind us again of the type of cadence that we should expect from the increase in payment-related revenues as we go through this year and maybe next.
Yeah. This is Mark again. I'll work backwards on that. I'll be in a better position to give you some good financial guidance perhaps in the next quarter. We are in integration, which means that our technology is being developed and being integrated into the bank's platform in order to service iGaming clients. We expect to be in testing. We will be inviting three operators. We haven't decided what operators we're going to approach yet. Hopefully in June through September timeframe to come in and do testing, perform testing on transactions. We hope to be live in the end of the third, fourth quarter. I'll be able to give you better guidance on its contribution for the second half of the year. We believe it to be meaningful. You'll see somebody's on background. We have some background noise.
We have our HUD underwriter on staff. We are actively meeting with all of our nursing home operators. We expect to start to report this quarter the pipeline of HUD-related applications, and then we'll be able to give you some guidance on the fee income and the deposit opportunities that come along with that as well.
Great, thanks. Just last for me, the quarterly charge-offs. Were those all driven by the loans identified last year? Maybe similar line of questioning, just the linked quarter decline in the reserve, the specific reserves that were tied to the loans charged off?
Yes and no. There was a total of three loans. We have discussed one particular loan, which was roughly $4.5 million, in the past. Well, actually two out of the three loans we talked about in the past. One, the out-of-state commercial real estate loan we have not talked about in the past. Out of the $12 million, I'm fairly confident that we'll recover $7-$8 million in this year. We are actively discussing a resolution with all three of these. I expect a good outcome, and I consider a $7-$8 million recovery a good outcome on these unsecured facilities.
Great. Thank you for the question.
Thank you.
Thank you. Our next question comes from Feddie Strickland with Hovde. Your line is now open.
Hey, good morning, gentlemen. Just sticking with credit to start off here. Just to clarify, that loan from the third quarter of 2025, you're still working through that one, right? These were separate loans from that particular relationship, correct?
That's correct. We expect that relationship to get resolved as well very soon. We're getting to a legal proceeding in Mission, Kansas. We're highly engaged with a buyer for the property and the sponsor. We expect to have a full recovery, not only with principal, but interest at the regular rate and all legal fees there. We're optimistic there. We'll get that resolved hopefully in the second to third quarter.
Okay, great. In the bigger picture then, it seems like you're on track for a pretty significant improvement in credit this year. Is there anything else on the horizon that may be coming up for resolution that could push NPA to assets even lower?
No. We are going to go back to our normal trends of criticizing classified loans, which historically over 27 years have been extremely low. We had a little bit of a speed bump with, I would say inside of five credits that we've been talking about for the last year and a half. The system workouts are inefficient, costly, and time-consuming. I'm a patient person. I'm not looking to rush to have an unsuccessful settlement, so they do linger a bit. No, these are the same five credits that we've been working on, and we will get to the final resolution of them this year for sure.
Got it. Thanks.
Oh, Freddy, I just want to make another point, which I'm sure you know about. We feel that we are adequately reserved for those loans at this time as well. Going forward with the resolution, we'll either resolve these loans and get paid off or have a recovery. We do not expect any further reserves associated with those legacy loans. I just thought that was important to mention.
Appreciate that, Mark. Just switching gears to the margin, it sounds like you guys still expect a pretty good lift in the margin this year, even without rate cuts. Could you talk a little bit about the dynamics between maybe how much loan yields versus deposit costs are playing into that? It sounds like on the yield side, you got a little bit of a lift from cash coming into loans. But I guess more specifically, what is the ability to lower deposit costs as this mix shift over the course of the year?
Yeah. Hi, Freddy, this is Dan. The primary driver of the margin expansion is going to be repricing of the back book. With this quarter, the maturing loan, the paid-off loans had a pretty high coupon. We've got a couple of tranches over the course of the next couple of quarters that are lower coupon paper. As we replace that or renew that, we'll price it at higher coupons. Our ability to continue to reprice on the deposit side is going to be dependent on mix. To the extent EB-5 continues its momentum, that will help drive down the cost of deposits. Of late, two of the big contributors have been HOAs and governmental munis. Those tend to be at the higher end of the coupon stack, if you will.
But Again, if the mix kind of persists with EB-5 generating a noticeable contribution, that could help to drive down the cost of deposits as well.
Freddy, I'd add as well, looking into 2027, I think the deposits that we expect coming from HUD and iGaming will definitely bring down our cost of funds immediately.
Yeah. That's a significant opportunity.
Understood. That's helpful. Just one last one from me just on expenses. It sounds like it's fair to assume the expense growth quarter-over-quarter probably slows here a bit, just given your opening comments, Dan, and the $189-$191 guide.
Yeah, we can stick to that guidance, Feddie.
Perfect. I'll step back. Thanks for taking my questions.
Thank you.
Thank you. Our final question comes from David Konrad with KBW. Your line is now open.
Hey, good morning. Couple quick questions just follow on from everyone else. On the funding side, as we move through and you've got the billion-dollar loan growth guide, how should we think about the cash on the balance sheet largely from the capital raise working down throughout the year? So like how much of the billion might be funded by the cash or is that kind of a two-year outlook? How should we work down the cash?
We should see the cash working down in parallel with loan growth. If you look at the average balance sheet, I think I carried about $600 million of cash. It is my goal and my expectation that we'll work that down through loan growth towards a normal cash position, which is closer to $200 million for this bank. When I made the NIM adjustment, I was really conservative. I only adjusted for $100 million. I'm well north of that in excess cash right now. Again, as loan growth continues, we'll work down that cash balance. As we sit here today, I've got second quarter growth fully funded with cash for sure. I've got a good start on quarters three and four as well.
Yeah, I guess qualitatively with that cash and your unique deposit channels, that should keep pressure off of other segments of deposits given that you have all this cash to fund loan growth.
Well, we're not sitting on our laurels. I am happy to carry an excess large cash position. I've got no problem with that.
Yeah.
So far this quarter, the trend continues. Deposits are coming in faster than loan growth. I expect that to normalize a little this quarter because my pipeline on the loan side is significant. Signed term sheets totaling more than $700 million right now. The pull-through on that is TBD obviously, but again, the deposit growth continues at a pace in excess of the loan growth. I have no intention of slowing that down. The teams are incentivized to get out there and drive business.
Then the last one for me might be a little bit trickier in a way, but in the Investor Day, we talked about maybe a target of a 115 loan-to-reserve ratio. I think you're at 116 now, but you also made some methodology changes and economic changes. Maybe refresh and update where we think, all else equal obviously, credit quality change, but all else where you're thinking about a target reserve ratio.
I think in the long run, the 115 is okay. It's going to take us a while once we work our way through all the remaining NPLs that are out there with reserves, that could come down a little bit. Through time, management's view on the reserve is that 100-115 basis points kind of makes sense for a commercial banking franchise such as ours that's growing at the pace we're growing.
Got it. Thank you. That's all I had. Appreciate it.
Thank you.
This concludes the allotted time for questions. I would now like to turn the call over to Mark DeFazio for any additional or closing remarks.
Thank you. I'd just like to say once again, thank you to all of the investors that came in and invested in the more recent capital raise. Also just again, as I said many times, we don't take that commitment on your part lightly. I'd like to thank all of our existing investors for their continued support and look forward to meeting all of the investors as the years go on at different roadshows. Thank you very much.
This does conclude today's conference call and webcast. A webcast archive of this call can be found at www.mcbankny.com. Please disconnect your line at this time and have a wonderful day.
Investor releaseQuarter not tagged2026-04-21What To Expect From Metropolitan Bank Holding Corp (MCB) Q1 2026 Earnings
GuruFocus.com
What To Expect From Metropolitan Bank Holding Corp (MCB) Q1 2026 Earnings
This article first appeared on GuruFocus. Metropolitan Bank Holding Corp (NYSE:MCB) is set to release its Q1 2026 earnings on Apr 22, 2026. The consensus estimate for Q1 2026 revenue is $87.22 million, and the earnings are expected to come in at $2.25 per share. The full year 2026's revenue is expected to be $375.51 million and the earnings are expected to be $9.56 per share. More detailed estimate data can be found on the Forecast page. Warning! GuruFocus has detected 5 Warning Sign with MCB. Is MCB fairly valued? Test your thesis with our free DCF calculator. Revenue estimates for Metropolitan Bank Holding Corp (NYSE:MCB) have increased from $354.63 million to $375.51 million for the full year 2026 and increased from $382.85 million to $433.49 million for 2027 over the past 90 days. Earnings estimates for Metropolitan Bank Holding Corp (NYSE:MCB) have increased from $9.54 per share to $9.56 per share for the full year 2026 and increased from $10.81 per share to $11.65 per share for 2027 over the past 90 days. In the previous quarter of 2025-12-31, Metropolitan Bank Holding Corp's (NYSE:MCB) actual revenue was $88.41 million, which beat analysts' revenue expectations of $83.15 million by 6.32%. Metropolitan Bank Holding Corp's (NYSE:MCB) actual earnings were $2.77 per share, which beat analysts' earnings expectations of $2.07 per share by 33.82%. After releasing the results, Metropolitan Bank Holding Corp (NYSE:MCB) was up by 13.91% in one day. Based on the one-year price targets offered by 3 analysts, the average target price for Metropolitan Bank Holding Corp (NYSE:MCB) is $101.33 with a high estimate of $105.00 and a low estimate of $97.00. The average target implies an upside of 10.93% from the current price of $91.35. Based on GuruFocus estimates, the estimated GF Value for Metropolitan Bank Holding Corp (NYSE:MCB) in one year is $89.55, suggesting a downside of -1.97% from the current price of $91.35. Based on the consensus recommendation from 3 brokerage firms, Metropolitan Bank Holding Corp's (NYSE:MCB) average brokerage recommendation is currently 2.3, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies strong buy, and 5 denotes sell.
Investor releaseQuarter not tagged2026-04-21Metropolitan Bank Holding Corp. Declares Increased Quarterly Common Stock Cash Dividend
Business Wire
Metropolitan Bank Holding Corp. Declares Increased Quarterly Common Stock Cash Dividend
NEW YORK, April 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 $0.25 per share on the Company’s common stock (the "Dividend"), an increase of $0.05 from the prior quarterly dividend of $0.20 per share. The Dividend is payable on May 12, 2026 to holders of record of the Company’s common stock at the close of business on May 1, 2026. About Metropolitan Bank Holding Corp. Metropolitan Bank Holding Corp. (NYSE: MCB) is the parent company of Metropolitan Commercial Bank (the "Bank"), a New York City based full-service commercial bank. The Bank provides a broad range of business, commercial and personal banking products and services to individuals, small businesses, private and public middle-market corporate enterprises and institutions, municipalities, and local government entities. Metropolitan Commercial Bank was named one of Newsweek’s Best Regional Banks in 2024 and 2025. The Independent Community Bankers of America ranked the Bank as a top ten loan producer in 2024 among commercial banks with more than $1 billion in assets. Kroll affirmed a BBB+ (investment grade) deposit rating in January 2026. For the fourth time, MCB has earned a place in the Piper Sandler Bank Sm-All Stars Class of 2024. The 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. 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 a...
Investor releaseQuarter not tagged2026-04-20Metropolitan Bank Holding Corp (MCB) Q1 2026 Earnings Report Preview: What To Look For
GuruFocus.com
Metropolitan Bank Holding Corp (MCB) Q1 2026 Earnings Report Preview: What To Look For
This article first appeared on GuruFocus. Metropolitan Bank Holding Corp (NYSE:MCB) is set to release its Q1 2026 earnings on April 21, 2026. The consensus estimate for Q1 2026 revenue is $0.09 billion, and the earnings are expected to come in at $2.25 per share. The full year 2026's revenue is expected to be $0.38 billion, and the earnings are expected to be $9.56 per share. More detailed estimate data can be found on the Forecast page. Warning! GuruFocus has detected 5 Warning Sign with MCB. Is MCB fairly valued? Test your thesis with our free DCF calculator. Revenue estimates for Metropolitan Bank Holding Corp (NYSE:MCB) have increased from $0.35 billion to $0.38 billion for the full year 2026 and increased from $0.38 billion to $0.43 billion for 2027 over the past 90 days. Earnings estimates have increased from $9.54 per share to $9.56 per share for the full year 2026 and increased from $10.81 per share to $11.65 per share for 2027 over the past 90 days. In the previous quarter ending December 31, 2025, Metropolitan Bank Holding Corp's (NYSE:MCB) actual revenue was $0.09 billion, which beat analysts' revenue expectations of $0.08 billion by 6.32%. Metropolitan Bank Holding Corp's (NYSE:MCB) actual earnings were $2.77 per share, which beat analysts' earnings expectations of $2.07 per share by 33.82%. After releasing the results, Metropolitan Bank Holding Corp (NYSE:MCB) was up by 13.91% in one day. Based on the one-year price targets offered by three analysts, the average target price for Metropolitan Bank Holding Corp (NYSE:MCB) is $101.33, with a high estimate of $105.00 and a low estimate of $97.00. The average target implies an upside of 13.83% from the current price of $89.02. Based on GuruFocus estimates, the estimated GF Value for Metropolitan Bank Holding Corp (NYSE:MCB) in one year is $89.55, suggesting an upside of 0.60% from the current price of $89.02. Based on the consensus recommendation from three brokerage firms, Metropolitan Bank Holding Corp's (NYSE:MCB) average brokerage recommendation is currently 2.3, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Investor releaseQuarter not tagged2026-04-10Metropolitan Bank Holding Corp. Schedules First Quarter 2026 Earnings Release and Conference Call Dates
Business Wire
Metropolitan Bank Holding Corp. Schedules First Quarter 2026 Earnings Release and Conference Call Dates
NEW YORK, April 09, 2026--(BUSINESS WIRE)--Metropolitan Bank Holding Corp. (the "Company") (NYSE: MCB), the holding company for Metropolitan Commercial Bank, today announced it will release first quarter 2026 financial results after the market closes on Tuesday, April 21, 2026. The Company will conduct a conference call at 9:00 a.m. ET on Wednesday, April 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: MCBQ126 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 Bank Holding Corp. (NYSE: MCB) is the parent company of Metropolitan Commercial Bank (the "Bank"), a New York City based full-service commercial bank. The Bank provides a broad range of business, commercial and personal banking products and services to individuals, small businesses, private and public middle-market corporate enterprises and institutions, municipalities and local government entities. Metropolitan Commercial Bank was named one of Newsweek’s Best Regional Banks in 2024 and 2025. The Independent Community Bankers of America ranked the Bank as a top ten loan producer in 2024 among commercial banks with more than $1 billion in assets. Kroll affirmed a BBB+ (investment grade) deposit rating in January 2026. For the fourth time, MCB has earned a place in the Piper Sandler Bank Sm-All Stars Class of 2024. The 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. For more information, please visit the Bank’s website at MCBankNY.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260409994623/en/ Contacts Daniel F. Dougherty EVP & Chief Financial Officer Metropolitan...
Investor releaseQuarter not tagged2026-01-23Earnings Estimates Moving Higher for Metropolitan Bank Holding (MCB): Time to Buy?
Zacks
Earnings Estimates Moving Higher for Metropolitan Bank Holding (MCB): Time to Buy?
Metropolitan Bank Holding Corp. (MCB) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company. Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- is principally built on this insight. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008. Consensus earnings estimates for the next quarter and full year have moved considerably higher for Metropolitan Bank Holding Corp., as there has been strong agreement among the covering analysts in raising estimates. The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate: The earnings estimate of $2.35 per share for the current quarter represents a change of +62.1% from the number reported a year ago. The Zacks Consensus Estimate for Metropolitan Bank Holding has increased 8.29% over the last 30 days, as one estimate has gone higher compared to no negative revisions. For the full year, the earnings estimate of $9.99 per share represents a change of +50.9% from the year-ago number. In terms of estimate revisions, the trend for the current year also appears quite encouraging for Metropolitan Bank Holding. Over the past month, one estimate has moved higher compared to no negative revisions, helping the consensus estimate increase 6.96%. The promising estimate revisions have helped Metropolitan Bank Holding earn a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500. Investors have been betting o...
Investor releaseQuarter not tagged2026-01-22Metropolitan Bank Q4 Earnings Call Highlights
MarketBeat
Metropolitan Bank Q4 Earnings Call Highlights
Metropolitan grew loans about $775 million (≈13%) and deposits roughly $1.4 billion (≈23%) in 2025, though Q4 loan balances were flat due to elevated prepayments (~$317 million); management expects to retain ~75–80% of about $1.1 billion of near-term maturities. The bank reported margin and funding improvements with a 4.1% NIM (up 22 bps q/q), higher net interest income, a 43 bp decline in the cost of interest-bearing deposits, and elimination of $450 million of wholesale funding during 2025. For 2026 management targets about $800 million (≈12%) loan growth funded by deposits, modest NIM expansion to ~4.10%, operating expense guidance of $189–191 million, and expects ROTCE to approach 16% by Q4 2026. Interested in Metropolitan Bank Holding Corp.? Here are five stocks we like better. Metropolitan Bank (NYSE:MCB) executives highlighted a strong finish to 2025 on the company’s fourth-quarter earnings call, pointing to growth in net interest margin, net interest income, deposits, and loans, alongside continued progress on operating efficiency. President and CEO Mark DeFazio said the fourth-quarter momentum “sets a solid foundation for meaningful progress in 2026 and beyond,” while stressing disciplined underwriting and a franchise-wide risk management culture. DeFazio said the bank expanded its loan portfolio by approximately $775 million in 2025, representing nearly 13% growth, with total loan originations of about $1.9 billion. Deposits increased by roughly $1.4 billion, or about 23%, which management attributed to strategic funding initiatives aimed at deepening existing deposit verticals and diversifying the funding base. → Lemonade’s Tesla Deal Could Rewrite How Auto Insurance Is Priced CFO Daniel Dougherty noted the loan book was “essentially flat” in the fourth quarter, largely due to elevated prepayments of approximately $317 million, about $150 million above the trailing three-quarter run rate. Fourth-quarter total originations and draws were approximately $599 million at a weighted average coupon (net of fees) of 7.28%. The origination mix remained consistent with recent history at roughly 70% fixed-rate and 30% floating-rate production. Looking ahead, Dougherty said the bank has about $1.1 billion of maturities over the next six months with a weighted average coupon of 6.94%, and the company assumes it will retain about 75% to 80% of those cash flows....