MCB

Metropolitan Bank Holding stock closed at US$91.50, up 3% on the day, as investors reacted quickly to fresh Q3 2026 results. The move came on the back of quarterly earnings per share of about US$2.62 and a reported net interest margin of 4.36%, both key markers for any commercial lender. The short-term pop tells only part of the story. Trailing 12 month EPS of roughly US$9.76 and a P/E of 10x versus higher peer averages point to a valuation debate that extends well beyond a single quarter's beat. That longer view is where this earnings release really lands. Like the earnings power at Metropolitan Bank Holding but unsure how its 10x P/E compares with other lenders that have similar quality metrics? Benchmark it against a curated group of peers in the 33 high quality undervalued stocks - Total Revenue (Q3 2026 vs. Q3 2025): US$95.47m vs. US$55.98m (up about 70.7%) - Net Income (Excl. Extra Items, Q3 2026 vs. Q3 2025): US$32.44m vs. US$7.12m (up about 355.7%) - Basic EPS (Q3 2026 vs. Q3 2025): US$2.62 vs. US$0.68 (up about 282.4%) - Net Interest Margin (Q3 2026 vs. Q3 2025): 4.36% vs. 3.88% (wider by 0.48 percentage points) Ask Charlie what makes Metropolitan Bank's 2027 plan transformative. The bullish script says heavier AI, digital and branch spend today should translate into better efficiency and cleaner credit for Metropolitan Bank Holding. "The main condition for this scenario is that Metropolitan Bank Holding converts its heavier 2026 spend on AI, digital infrastructure, new branches and payments into the fee growth, operating leverage and normalised credit costs that management has outlined." Q3 results move this from theory to partial execution. EPS of about US$2.62, a sub 50% efficiency ratio and 4.36% reported NIM point to operating leverage starting to show. Noninterest income rose modestly and credit costs stayed contained, yet fee growth from payments and iGaming is still ahead rather than in the numbers. The bear argument focuses on whether elevated tech spend and recent credit issues will quietly erode the earnings story. "Metropolitan Bank Holding is investing heavily in AI, a new core system and digital banking, with Q2 2026 noninterest expense at about US$51.8 million and a guided quarterly run rate of roughly US$48.5 million. If these projects take longer than expected to produce measurable efficiency gains or fee income and operating costs remain elevated, the result could be pressure on earnings and weaker net margins." Q3 noninterest expense stepped down to about US$49.5m while NIM held at 4.36% and EPS improved versus Q2. That combination pushes back on fears of immediate margin pressure, although the heavier AI and payments spend means this risk remains live if upcoming quarters fail to show further efficiency gains or stronger fees. One Narrative disagrees with today's price. → See where this Narrative says Metropolitan Bank Holding should trade. Metropolitan Bank Holding just showed how quickly a single quarter can reset the story around a stock. The real opportunity sits in finding companies that could be undervalued before the market closes the gap. - Company 1 - 40% below our estimate - uses a growing backlog of solar tracker, software and eBOS orders to pursue storage and inverter contracts. - Company 2 - 20% below our estimate - ties AI data center and defense demand to higher value circuit and substrate projects funded by recent acquisitions and added capacity. - Company 3 - 45% below our estimate - turns large LED display projects and transportation upgrades into recurring software and services work as customers refresh aging signage. Three companies from the same screener. Open every one of the 33 undervalued companies on it → 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]

- Interested in Metropolitan Bank Holding Corp.? Here are five stocks we like better. - Strong third-quarter performance: Metropolitan Bank reported diluted EPS of $2.58, with net interest income up nearly 8% sequentially and more than 25% year over year. Net interest margin expanded to 4.36%, and the quarterly dividend increased 14% to $0.40 per share. - Balance-sheet growth continued: Loans reached $7.5 billion and deposits $8.3 billion, supported by $1 billion of quarterly loan originations and significant EB-5 deposit growth. Loan growth remains on track toward management's $1 billion full-year target. - Future outlook includes margin pressure and new growth initiatives: Management expects fourth-quarter net interest margin of 4.15%–4.20% amid anticipated rate increases and upcoming swap roll-offs, while payments, gaming integrations, branch expansion and share buybacks could support longer-term earnings growth. Metropolitan Bank (NYSE:MCB) reported third-quarter 2026 diluted earnings per share of $2.58, supported by loan and deposit growth, lower funding costs and an expanding net interest margin. President and Chief Executive Officer Mark DeFazio said the bank's net interest margin reached 4.36% during the quarter, while net interest income rose nearly 8% from the prior quarter and more than 25% from a year earlier. The company also increased its quarterly dividend by 14% to $0.40 per share. → The AI Sell-Off Continues—These 3 Stocks Keep Raising Guidance Anyway "These results reflected disciplined execution across the franchise and demonstrated the earnings power of our commercial business model," DeFazio said. Loans totaled $7.5 billion at quarter-end, up 11% year to date, while deposits reached $8.3 billion, up nearly 13% since year-end, according to DeFazio. → Tesla's Roadster Reveal Hints at 2 Much Bigger Moves Chief Financial Officer Daniel Dougherty said loans increased about $205 million, or 2.8%, in the third quarter and approximately $724 million, or 10.6%, year to date. The company continues to target $1 billion of loan growth for the full year. Metropolitan originated nearly $1 billion of loans during the quarter, while payoffs, paydowns and prepayments totaled nearly $800 million. Dougherty said the activity reflected the bank's selective approach to credit underwriting and pricing rather than an effort to pursue growth at any cost. → Aurora Rejects Curaleaf's Higher Bid, But the Takeover Fight Isn't Over The loan pipeline included approximately $700 million in signed term sheets and another $600 million either out for signature or under review. New loan originations in the pipeline carried coupons of about 7.03%, Dougherty said. Deposit balances increased approximately $589 million from the prior quarter. Non-interest-bearing deposits rose about $200 million, or more than 12%, and interest-bearing deposits rose about $388 million, or more than 6%. The EB-5 deposit vertical accounted for about 75% of the third-quarter deposit increase, though the company also reported growth in its homeowners association, trustee and retail deposit channels. DeFazio said a cutoff date for certain EB-5 applications contributed to the quarter's "outsize uptick," while adding that the bank expects continued growth in the business, potentially at a slower pace. Metropolitan's deposit cost declined 8 basis points sequentially to 2.49%, primarily because of product mix. The bank also purchased $400 million of short-term investments, primarily laddered Treasury bills, as deposit growth outpaced lending growth. The reported net interest margin increased 28 basis points from the prior quarter to 4.36%. However, Dougherty said that after adjusting for elevated prepayment penalties and deferred-fee recognition associated with loan paydowns, normalized margin would have been roughly 4.20% to 4.25%. For the fourth quarter, management expects net interest margin of about 4.15% to 4.20%, assuming one additional Federal Reserve rate increase in December. The company's forecast also assumes another rate increase in March 2027. Dougherty said Metropolitan is slightly liability sensitive and is using an effective deposit beta of 65% in its current 2027 forecast model. Management said roughly $1 billion of swaps are scheduled to roll off in April and August 2027, representing another factor in the margin outlook. DeFazio told analysts the best-case outcome would be to maintain the 4.15% to 4.20% margin range, estimating that each 25-basis-point rate increase would generally result in about 5 basis points of margin compression. Credit performance showed what Dougherty described as a trend toward normalization. Third-quarter charge-offs were 18 basis points, and nonperforming loans remained below 1% of total loans. He said management did not see emerging systemic issues in the loan portfolio. DeFazio said the bank expects some recoveries in the fourth quarter on certain legacy nonperforming credits that have progressed through restructuring or legal proceedings. Remaining balances on those credits are expected to amortize under negotiated settlement agreements, he said. Third-quarter noninterest income increased approximately $400,000, or 15%, from the prior quarter. Dougherty attributed higher service-charge income primarily to strong deposit growth and said the company expects its payments, HUD and other initiatives to generate a more meaningful lift in fee income beginning in the second half of 2027. Noninterest expense was $49.5 million, down $2.3 million, or 4.5%, sequentially. The efficiency ratio was below 50%, and Dougherty said the bank recorded an initial benefit from an investment tax credit during the quarter. Management said deposit-related fees, connected to trustee and EB-5 deposits, are expected to rise about 25% in the fourth quarter because the fees are indexed to short-term interest rates and associated deposit balances have increased. Metropolitan continues to invest in artificial intelligence and branch expansion. The AI team currently has six full-time employees, with at least one additional hire planned. Dougherty said the company expects to begin framing and reporting on the return on its AI investment during 2027. The bank's retail operations in the western U.S., Florida and New Jersey are fully operational, while branches in North Carolina, Connecticut and Flushing, Queens are planned to open later in 2026 or early 2027. Management said the company's payments platform is being prepared for gaming-industry testing. Dougherty said two gaming operators have signed up for integration and are expected to begin testing within 30 to 45 days, with a potential launch in the first quarter of 2027. A third operator has agreed to move forward but is expected to begin in the first quarter because of competing priorities within that organization. DeFazio said the re-engagement of the payments platform is expected to add to earnings, diversify revenue and improve deposit liquidity over time. During September, Metropolitan repurchased about $10 million of its shares at a weighted-average price of roughly 109% of estimated 2026 year-end book value. Dougherty said the bank has $40 million of remaining repurchase authorization and expects further purchases if management believes the shares remain undervalued. "Our outlook for the earnings growth of our franchise gives us great confidence that additional buybacks make great sense," Dougherty said. Metropolitan Bank Holding Corp. is the parent company of Metropolitan Commercial Bank, a full-service commercial bank headquartered in New York. Founded in 1999, the bank provides financial services to businesses, entrepreneurs, institutions and consumers through its branch network and digital banking channels. Metropolitan Commercial Bank offers commercial and consumer deposit accounts, business and real estate lending, personal loans, cash-management and treasury services, online and mobile banking, and other payment-related solutions. 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 Q3 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for October 2026.

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. - Performance was driven by disciplined execution in the commercial business model, resulting in a 25% year-over-year increase in net interest income. - Net interest margin expansion to 4.36% was supported by a combination of high-quality loan growth and a continued decline in total cost of funds. - Management attributed the 13% year-to-date deposit growth to the accelerating momentum of specialized teams, particularly within the EB-5 vertical. - The bank is intentionally allowing for healthy loan payoffs and prepayments to maintain strict pricing and underwriting discipline rather than chasing volume. - Strategic positioning is shifting toward a tech-focused model, with enterprise-wide AI initiatives and a new payments platform expected to drive efficiency in 2027. - Credit quality is characterized as normalizing, with non-performing loans remaining below 1% and no detected systemic issues within the portfolio. - Management expects 2027 to be a transformative year as investments in AI and the payments platform begin to contribute meaningfully to earnings and operating leverage. - NIM guidance for Q4 2026 is set at 4.15%-4.20%, assuming a single 25 basis point Fed funds rate hike in December. - The loan pipeline remains robust with approximately $1.3 billion in signed or pending term sheets, supporting the full-year growth target of $1 billion. - Fee income is projected to see a meaningful uplift in the second half of 2027, driven by new initiatives in payments, HUD, and other niche activities. - The bank plans to continue funding all future loan growth through deposits, utilizing a $400 million short-term investment ladder as a liquidity buffer if needed. - The bank realized its first benefit from an energy investment tax credit, which is expected to become a programmatic feature to lower the effective tax rate over time. - Deposit-related fees for trustee and EB-5 balances are indexed to short-term rates and are forecast to increase by approximately 25% in the coming quarter. - Management initiated stock buybacks at 109% of book value, signaling confidence that shares remain undervalued relative to the franchise's earnings trajectory. - A $1 billion swap portfolio is scheduled to roll off in April and August of next year, presenting a potential headwind to the net interest margin. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. - Management clarified that while a cutoff date for applications caused a specific uptick this quarter, they expect continued, albeit potentially slower, momentum. - The growth is attributed to both accelerating team momentum and a specific application cutoff date that contributed to the outsize uptick in the quarter. - The bank expects to realize recoveries in Q4 2026 as legacy NPLs move through the final stages of restructuring or the legal foreclosure process. - Remaining balances on these credits have been addressed through negotiated settlement agreements. - Two gaming operators are signed for integration and testing within the next 30 to 45 days, with a third expected in Q1 2027. - The goal is to provide proof of concept for the platform's efficiency by year-end, with live operations targeted for early 2027. - Management aims for lower year-over-year expense growth in 2027 as they move past the peak of the current investment cycle. - The AI initiative, currently staffed by 6 FTEs, is expected to show its primary return through future expense line improvements.

This article first appeared on GuruFocus. - Diluted EPS: $2.58 for Q3 2026. - Net Interest Margin: 4.36% in Q3, up 28 bps QoQ; normalized NIM ~4.20%4.25%; Q4 guidance ~4.15%4.20%. - Net Interest Income: Up ~8% QoQ and over 25% YoY; full-year growth forecast above 20%. - Total Interest Income: Up ~$6.3 million or 4.4% QoQ. - Interest Expense: Down ~$900,000 or nearly 2% QoQ. - Top-Line Growth: Up $7.2 million or 7.9% QoQ (unannualized). - Loans: $7.5 billion, up 11% YTD; Q3 growth ~$205 million (2.8%); YTD growth ~$724 million (10.6%); full-year guidance ~$1 billion. - Loan Originations: Nearly $1 billion in Q3, offset by ~$800 million in payoffs/paydowns/prepayments. - Loan Pipeline: ~$700 million signed term sheets; another ~$600 million out for signature or under review; new volume coupons ~7%. - Deposits: $8.3 billion, up nearly 13% since year-end; up ~$589 million QoQ. - Noninterest-Bearing Deposits: Up ~$200 million or over 12% QoQ. - Interest-Bearing Deposits: Up ~$388 million or over 6% QoQ. - Cost of Deposits: 2.49%, down 8 bps QoQ. - Securities Portfolio: Grew via $400 million purchase of short-term T-bill investments. - Noninterest Income: Up ~$400,000 or 15% QoQ. - Noninterest Expense: $49.5 million, down $2.3 million or 4.5% QoQ; deposit-related fees expected ~25% higher next quarter. - Efficiency Ratio: Below 50% for the quarter. - Charge-Offs: 18 bps in Q3. - Nonperforming Loans: Below 1% of total loans. - Capital Returns: Quarterly dividend raised 14% to $0.40 per share; ~$10 million in buybacks at ~109% of estimated 2026 year-end book value; $40 million remaining buyback authorization. - Tax Credits: Initial investment in energy tax credits in Q3; expected to lower effective tax rate over time. - Branch Expansion: Western US, Florida and New Jersey branches fully operational; new branches planned in North Carolina, Connecticut, and Flushing and Queens later in 2026 or early 2027. - Warning! GuruFocus has detected 3 Warning Sign with MCB. - Is MCB fairly valued? Test your thesis with our free DCF calculator. Release Date: October 21, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. - Diluted EPS of $2.58 with net interest margin expanding to 4.36%, reflecting strong earnings power. - Net interest income grew nearly 8% sequentially and over 25% year-over-year, driven by loan growth and lower funding costs. - Loans grew 11% year-to-date to $7.5 billion, and deposits increased nearly 13% to $8.3 billion, supporting balance sheet expansion. - Credit quality remains sound with nonperforming loans below 1% of total loans and annualized charge-offs of only 18 basis points. - Quarterly dividend increased 14% to $0.40 per share, and the company repurchased $10 million of shares with $40 million remaining authorization. - Net interest margin is expected to compress by about 5 basis points per 25 basis point Fed rate hike, with Q4 NIM guided to 4.15%-4.20%. - Deposit growth may decelerate from the unusually strong Q3 pace, particularly in the EB5 vertical, and noninterest-bearing deposit growth is not expected to repeat at the same level. - Deposit-related fees are forecast to rise about 25% in Q4, increasing operating expenses. - The company remains slightly liability-sensitive, and $1 billion of swaps rolling off in 2027 could add pressure on the margin. - Loan growth faces headwinds from healthy payoffs and paydowns, with $800 million in payoffs during Q3, requiring continued strong origination to sustain growth. Q: With EB-5 driving outsized deposit growth in Q3, is there a risk this reverses in future quarters, or is it simply the deposit pipeline materializing? A: CEO Mark DeFazio explained that the growth reflects accelerating team momentum, though a cutoff date for certain applications contributed to the oversized uptick. He expects the momentum to continue, perhaps not at the same pace, but with further growth anticipated. Q: Given the Fed hike assumptions, what is the NIM trajectory through 2027, and can new portfolio yields offset deposit cost pressure? A: CEO Mark DeFazio noted the relationship is typically linear, with each 25 basis point hike translating to roughly 5 basis points of compression. He views the best-case scenario as maintaining the 4.15% to 4.20% NIM guidance, with more detail to come later. Q: Can you discuss the larger nonaccrual credits, the workout timeline, and potential recoveries? A: CFO Daniel Dougherty said the credits are legacy loans that have been NPLs for some time and are now moving through restructuring or the legal process. He is confident recoveries will be realized in Q4 2026, with remaining balances amortized under already-negotiated settlement agreements. Q: What are the assumptions for noninterest-bearing deposit growth and deposit betas in a rate hike cycle? A: CFO Daniel Dougherty said repeating Q3's impressive noninterest-bearing growth, largely from EB-5, would be a challenge, and he expects some deceleration. He noted the bank is slightly liability sensitive, with $1 billion of swaps rolling off in April and August 2027, and an effective 2027 beta of 65%, or closer to 75% excluding the swaps. Q: Will balance sheet growth moderate into Q4 and early 2027 given seasonality and slower EB-5 growth? A: CFO Daniel Dougherty expects growth to remain on plan, with loan growth close to $1 billion for the year. Seasonal municipal deposits should flow back in Q4, and he is prepared to roll off $400 million in short-term investments to fund growth, expecting deposit gathering to eventually outpace loan growth. Q: Any update on the gaming initiative, and is there an overhang between crossing $10 billion in assets and the fee income pickup? A: CEO Mark DeFazio said the two are unrelated, as the bank is already well positioned from an expense standpoint to be a $10 billion bank. On gaming, two operators are signed and integration and testing will begin within 30 to 45 days, with hopes of going live in Q1 2027; a third operator is expected to follow in Q1. Q: Is the bank still originating new C&I and CRE loans outside the New York and Florida footprint? A: CEO Mark DeFazio said it is a mix, with most of the exposure legacy. The bank will stay in those markets, but primarily driven by relationships with existing clients entering emerging markets it can understand and underwrite with credit discipline. Q: Were there fee schedule changes driving the higher service charge line, or is it purely deposit growth? A: CFO Daniel Dougherty attributed the increase primarily to deposit growth rather than any fee schedule changes. Q: Is the Q3 share repurchase a one-time opportunity, or can buybacks continue? A: CFO Daniel Dougherty is committed to continuing buybacks as long as shares appear on sale, which he believes they are now. He expects further purchases going forward, with $40 million of remaining authorization capacity. Q: How should we think about expense growth in 2027 after the digital transformation investments? A: CEO Mark DeFazio said it is early, but he is hopeful for lower year-over-year expense growth in 2027 given investments already made in people and technology. He noted this excludes the AI initiative, which is still developing and expected to primarily benefit the expense line. Q: What drove the strong Q3 deposit growth, and what is the outlook for deposit costs? A: CFO Daniel Dougherty said the EB-5 vertical drove 75% of the Q3 deposit increase, with HOA, trustee and retail also positive. Total deposit cost fell 8 basis points to 2.49%, driven by product mix, and the bank intends to fund all 2026 and future loan growth with deposits. Q: What is the outlook for credit quality and charge-offs? A: CFO Daniel Dougherty said Q3 charge-offs were a manageable 18 basis points and credit performance has begun reverting to long-term levels. He is comfortable with reserves for both performing and nonperforming credits and does not detect any emerging systemic issues in the loan book. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Image source: The Motley Fool. Wednesday, Oct. 21, 2026 - President and Chief Executive Officer - Mark DeFazio - Executive Vice President and Chief Financial Officer - Daniel Dougherty Operator: Thank you for your continued patience. Your meeting will begin shortly. If at any time you need assistance, please press star zero and a member of our team will be happy to assist. Thank you for your continued patience. Your meeting will begin shortly. If at any time you need assistance, please press star zero and a member of our team will be happy to assist. Please stand by. Your meeting is about to begin. Welcome to Metropolitan Commercial Bank third 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. Mark DeFazio: Thank you. Good morning, and thank you for joining MCB's third quarter 2026 earnings call. We delivered another strong quarter, highlighted by diluted earnings per share of $2.58, continued balance sheet growth, and further expansion of our net interest margin to 4.36%. These results reflected disciplined execution across the franchise and demonstrated the earnings power of our commercial business model. Net interest income increased nearly 8% from the prior quarter and more than 25% from a year ago, driven by a combination of quality of loan growth, lower funding costs. Our total cost of funds continued to decline, contributing to meaningful margin expansion and improved profitability. Loans grew to $7.5 billion, up 11% year-to-date. While deposits increased to $8.3 billion, up nearly 13% since year-end. Importantly, this growth was achieved while maintaining disciplined underwriting standards, NIM management, strong liquidity, and robust capital levels. Credit quality remains sound, with non-performing loans below 1% of total loans, and both the company and the bank continue to maintain capital ratios well above regulatory requirements. Reflecting on our confidence in Metropolitan's performance, earnings trajectory, and long-term outlook, our board approved an increase in the quarterly dividend of 14% to $0.40 per share. Looking ahead, we are very optimistic about 2027. We believe it has the potential to be a transformative year for MCB. Alongside the continued strength and momentum of our core commercial banking franchise, we expect our enterprise-wide AI initiatives and the rollout of our payments platform to become meaningful drivers of future earnings and efficiency. These investments are designed to enhance the client experience, improve productivity, strengthen operating leverage, and expand our revenue opportunities. We believe they position MCB for continued success and long-term value creation for our shareholders. As always, our strategy remains straightforward: disciplined growth, prudent risk management, a tech-focused, strong capital generation, and a relentless focus on serving our clients. The financial performance we continue to deliver and the investments we are making give us the confidence in our ability to continue creating value for shareholders. I would like to thank our employees and directors for their dedication and commitment, our clients for their trust, and especially our shareholders for their continued support. With that, I will turn the call over to our Chief Financial Officer to review the quarter in greater detail. Daniel Dougherty: Thank you, Mark. Good morning, everyone, and thanks for joining the call. I am very pleased to report a very strong third quarter for MCB. We printed a low teens ROIC, an impressive NIM of 4.36%, and an efficiency ratio below 50%. Our funding platform continues to outperform, and we continue to deliver on our significant planned loan growth. Our operating expenses are well managed, and for the first time, we realized a benefit from an investment tax credit. Importantly, the bank's credit performance reflected a definite trend toward normalization. Now, let's walk through third quarter balance sheet and income statement activities. In the third quarter, we grew the loan book by about $205 million or 2.8%. Year-to-date, loan growth has been about $724 million or 10.6%. The pace of loan growth continues to be aligned with our guidance of $1 billion in growth for the year. What is truly remarkable about our continued loan growth is that we are simultaneously and intentionally allowing for healthy payoffs, and importantly, we are not chasing any deals that do not meet our price and underwriting discipline. During the quarter, we originated loans totaling almost $1 billion, while payoffs, paydowns and prepayments totaled almost $800 million. The takeaway, we are being very selective about the credits that we are funding for the portfolio. Looking forward a bit, our loan pipeline is robust. We currently have signed term sheets of about $700 million with another $600 million out for signature or under review. Our pipeline pricing construct is still driving new volume coupons of approximately 7.03%. Remaining on the asset side of the balance sheet, our securities portfolio grew noticeably in the third quarter. The growth in the securities book is primarily related to the purchase of $400 million in short-term investments. As I will discuss below, our deposit gathering efforts have been outpacing our loan growth. As such, we invested excess cash into a laddered portfolio of T-bills. Now let's move on to MCB's deposit gathering efforts. Quarter-over-quarter deposit balances were up about $589 million. Our non-interest-bearing deposits increased by about $200 million or more than 12%. Our interest-bearing deposits increased by about $388 million or more than 6%. Growth in the EB-5 vertical drove the lion's share, around 75%, of the increased deposits during Q3. However, the HOA, trustee, and retail verticals were all also solidly in the black. The third quarter deposit gathering results are emblematic of our strategic planning and balanced but flexible approach to funding. During Q3, municipal deposits were relatively flat as the seasonal outflows experienced in the prior period are not expected to return until this quarter. In the third quarter, the overall cost of our deposits was 2.49%, an 8 basis point decline from the prior period. The primary driver of the decline in the cost of deposits was product mix. The outlook for continued deposit growth in our existing verticals remains strong, and our intent to continue funding all 2026 and future loan growth with deposits remains unchanged. As well, we are continually seeking new niche funding verticals. Deposit competition is certainly a prevalent theme in our space, and while we are not immune to such pressures, so far exposure has been limited in scope and isolated to discrete subsets of certain verticals. Let's move on to the net interest margin. Our reported net interest margin was a very robust 4.36% in the third quarter of 28 basis points from the prior period. However, conservatively adjusting for elevated prepayment penalties and deferred fee recognition, primarily as a result of the previously mentioned paydown activity, the normalized NIM would've been around 4.20%-4.25%. I think before we discuss expectations for the fourth quarter, we need to discuss, at the very minimum, the outlook for the administered Fed funds target rate. Of course, our internal analytics need to ponder numerous other features of the yield environment. For now, let's stick with Fed funds. To begin, on September 16th, the FOMC raised the Fed funds target rate by 25 basis points. For a variety of reasons, the impact of that hike will not be apparent until this quarter. As we update our forecast model, we are assuming a hike in December and another in March 2027. Our assumptions are slightly more conservative than the futures market, which currently prices in three hikes by September 27. Assuming a single hike in December, we forecast that our NIM will decline by about 5 basis points from the normalized indications noted previously. So we expect approximately 4.15%-4.20% for the fourth quarter. Now let's move on to some high-level comments on our income statement. Our third quarter interest income was up by about $6.3 million, or 4.4% compared to the prior quarter. Importantly, on the other side of the ledger, interest expense was down by about $900,000, or almost 2%, resulting in exceptional unannualized top-line growth of $7.2 million or 7.9%. Going forward, it is our expectation that top-line growth will continue with more than 20% net interest income growth forecast for the full year. I am convinced that our credit performance has begun to revert to a level in line with our long-term performance. Our third quarter charge-offs were a very manageable 18 basis points. I'm very comfortable with our reserves for both performing and non-performing credits. We do not detect any emerging systemic issues within the loan book. For the quarter, our non-interest income increased by about $400,000, or 15%. We remain optimistic that our new initiatives related to payments, HUD, and other activities will drive a meaningful uplift in fee income beginning in the back half of 2027. For the third quarter, non-interest expense was $49.5 million, down $2.3 million or 4.5% versus the prior quarter. Our efficiency ratio for the quarter was below 50%. We continue to diligently manage operating expenses. But as I've said previously, we are also actively investing in the franchise. An OpEx item that warrants review is deposit-related fees. These fees are associated with trustee and EB-5 deposits. We have seen a material uptick in these deposit balances. Importantly, please note that the fees for those balances are indexed to short-term interest rates. As such, our forecast for this quarter is certainly above the Q3 result, and I estimate the increase to be on the order of about 25% higher. We continue to move forward with our investment in AI and the expansion of the branch network. The AI team is currently 6 FTEs with at least one more hire in the pipeline. We expect that through the course of next year, we will begin to frame and report on a return on the AI investment. Our retail expansion has accelerated. Our initiatives in the Western U.S. and branches in Florida and New Jersey are fully operational. New branches in North Carolina, Connecticut, and Flushing, Queens are planned for opening later this year or early 2027. These investments in operational scale and efficiency and in human capital, which appear as expenses today, are critical pillars of our strategic plan and demonstrate our willingness to make targeted investments to enhance the value of our franchise. A quick comment on taxes. During Q3, we made an initial investment in energy tax credits. The tax credit initiative is expected to become a programmatic feature of our reported earnings. As we typically do, we are proceeding at a measured pace. We expect that by employing additional tax credit investments, our effective tax rate can and will be managed lower through time. Finally, a note on stock buybacks. During September, we repurchased about $10 million of MCB shares at a weighted average price of about 109% of our estimated 2026 year-end book value. Buying shares north of book value is new to MCB. Our outlook for the earnings growth of our franchise gives us great confidence that additional buybacks make great sense. Our current buyback authorization has $40 million of available capacity. With that, I'll turn the call back to our operator. Operator: 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. Our first question today comes from Feddie Strickland with Hovde Group. Your line is now open. Feddie Strickland: Hey, good morning, Mark and Dan. How are you guys doing? Mark DeFazio: Great. Good morning. Hi, Feddie. Feddie Strickland: Just wanted to start on the deposit growth. Really strong growth this quarter, particularly from EB-5. Just wanted to clarify that there's no particular single driver there or anything that could reverse in future quarters, right? That's just simply the deposit pipeline materializing? Mark DeFazio: Well, I think there's a combination of things there. It is the accelerating momentum of the team. But indeed, there was a cutoff date for certain applications that certainly caused some of the outsize uptick. But the momentum that we have there, we fully expect that will continue. Perhaps not at the same pace, but we continue to expect more growth there. Feddie Strickland: Got it. Just switching gears to the margin. I appreciate the detail on what the normalized rate was there and the guidance for the fourth quarter. I had a similar thinking about the hike schedule here. If we see that other hike in March, what is the trajectory for the margin as far as you can see it through 2027 in general? Do you think we can inch a little higher here just with new portfolio yields? Or do you think the pressure on deposit costs will drive a little bit of margin compression? Mark DeFazio: I would say that best case scenario is maintaining. Typically, kind of linear in both directions. Each 25 basis points would typically be about five basis points in compression. But again, I would say that the best case scenario is to maintain that 415, 420 NIM guidance. We'll have more on that down the road. Feddie Strickland: Understood. Just on the credit side, great to see the charge-offs kind of come back down to a little bit lower levels here. But could you talk through some of the bigger non-accrual credits that have come on over the past year? Maybe what the remaining major pieces are, what workout looks like both in terms of timing and also whether there's possible recoveries on any of these. Mark DeFazio: Yeah, Feddie, as I mentioned in the past, we expect to experience some recoveries in the fourth quarter. We're seasoning some of the restructured loans. The loans that you're referring to are legacy loans that have been NPLs for quite a while that have now just been either fully negotiated through restructuring and/or gotten through the legal process. We have summary judgment or we have the foreclosure in sight. We're pretty confident we're going to realize some recoveries in fourth quarter 2026. On any remaining balances on those loans, they'll be amortized subject to a settlement agreement that we've already negotiated on, I guess, in all cases. Feddie Strickland: Got it. Just one last one from me, and I'll step back. Just on expenses, I want to make sure I've heard correctly that the deposit program fee expense line, I think, is supposed to go up by about 25% next quarter. Then as we think out into 2027, is the low teens expense growth rate still the idea here, or how are you thinking about expenses? I know it's a little early to get into 2027 guidance, but just want to get a general picture after all these digital transformation investments and everything else. Daniel Dougherty: It's a little early for that. I think that our ability to control expense growth going forward, we're going to be able to do that because we're pretty much ahead of the curve here. We've made great investments across the organization in bodies and in technology. I think 2027, as we formulate the expense plan there, I'm hopeful that we can show a lower year-over-year growth in expenses. That does not include any thoughts around the AI initiative. AI initiative is on the come, and we are ever hopeful that is going to show a great return on investment, which will primarily show itself through the expense line. Feddie Strickland: Got it. Super helpful. Thank you both. I'll step back. Mark DeFazio: Thanks, Feddie. Operator: Thank you. Our next question comes from David Konrad with KBW. Your line is now open. David Konrad: Great. Thanks. Dan, just wanted to dig in a little bit more on the NIM. I guess that we understand that you're a little bit liability sensitive here, yet with the strong non-interest bearing deposit growth, that's kind of funding a lot of your growth. Just maybe kind of assumption of what you're thinking about non-interest bearing deposit growth, and then also maybe the deposit betas that you're kind of thinking in the rate hike cycle. Daniel Dougherty: Non-interest bearing deposit growth this quarter was impressive, right? That was largely- David Konrad: Right driven by the EB-5 vertical. Repeating that quarter after quarter going forward, I think would be a challenge. I think they are going to see a little bit of a deceleration in the growth there. I think it is just reasonable to expect that. Daniel Dougherty: We are slightly liability sensitive. Then at the end of the day, I have got $1 billion worth of swaps that are going to roll off in April and August next year. Another headwind to the forecast, but not insurmountable. We have an effective beta within the current forecast model for 2027 of 65%. If you pull those swaps out of there, it is probably closer to 75%. David Konrad: Got it. Thank you. Appreciate it. Daniel Dougherty: Welcome. Operator: Thank you. We will go next to Timur Braziler with UBS. Your line is now open. Timur Braziler: Hi, good morning. Following up on that line of questioning just in terms of deposit momentum into 4Q. I think there is some typical seasonality that happens kind of 4Q, 1Q on the public fund side. EB-5 had a blowout quarter in 3Q that likely slowed, as you just said, in 4Q. I guess in terms of broader balance sheet growth through the rest of the year and maybe early next year, does that moderate some or do you think you can still outgrow some of the seasonality over these next couple of quarters and grow on the balance sheet still? Daniel Dougherty: No, I see the pace of balance sheet growth remaining according to plan. We fully expect to get to very close to $1 billion in loan growth for the year. Seasonal municipal deposits are expected to flow back in this quarter. As I mentioned earlier, our plans for not only this quarter but for the future are that growth across our stack or the vertical stack are going to fund loan growth going forward. Don't forget, I have got a big chunk of short-term investments on the balance sheet as well that I am fully prepared to roll off to fund deposit growth. That is $400 million. So I have got Q4 covered already. As we continue to grow the deposit vertical experience, I do in fact expect that the pace of deposit gathering will exceed loan growth. Timur Braziler: Okay, that is good color there. I know this gets asked every quarter, but just any update on just the gaming initiative? I am wondering, is there any overhang between consideration of crossing $10 billion in assets and the pickup on the fee side? Are you trying to kind of land the plane here with increase in fees kind of offsetting some of the $10 billion-related expenses? Or in your mind, are those two not really related? Daniel Dougherty: Yeah, working backwards there. We don't see them related at all. Our run rate, we are pretty much well-positioned to be a $10 billion bank from an expense structure perspective. So, that is sort of in the run rate. As it relates to gaming, as I mentioned, I was prepared to mention on this call that we would have up to three gaming operators in the queue for testing this quarter. I am happy to report that we have two signed up. So we are starting the process of getting them integrated so we can start testing and hopefully be live in the first quarter of next year. The third operator has agreed to go forward with us but because of competing priorities in their own organization, it looks like a first quarter. I would've been very satisfied with just one operator because our goal here is to show proof of concept coming out of the end of the year that our payments platform is really efficient and transformative to the gaming industry. We're excited about it and more to come on it. But yeah, we'll be in testing with two operators in the next 30 to 45 days. Timur Braziler: Great. Thank you for that color. Operator: Thank you. We do have a follow-up coming from Feddie Strickland with Hovde Group. Please proceed with your question. Feddie Strickland: Hey, just had one follow-up just on kind of lending outside of New York and Florida, ex skilled nursing. Are you still originating new C&I, CRE kind of outside that footprint or not as much. Or is that just more legacy stuff on the books? Daniel Dougherty: A little bit of both. Most of it's legacy. We're entertaining retaining some of that exposure. We continue to look at opportunities where our clients that we know really well that are considering other emerging markets around the country. The answer is yes, we will stay in those markets, but it's going to be driven by our relationship with existing clients primarily and their appetite to enter emerging markets that we can understand and follow our discipline around credit. Feddie Strickland: Got it. Then just two more follow-ups from me. One, I just wanted to ask on the fees. Were there any fee schedule changes driving the service charge line higher in non-interest income or is that just a product of the really strong deposit growth in the quarter? Daniel Dougherty: Primarily as a result of the growth. Feddie Strickland: Got it. Last one just on the repurchases. Is that something we could see continue from here or was that more of an opportunistic thing this quarter? Daniel Dougherty: I am committed to continue buying back the stock for as long as I think the shares are on sale, and I think they are very much on sale right now. Yes, I would expect that we will execute on further purchases going forward. Yes. Feddie Strickland: All right. Got it. That is it. Thanks again. Daniel Dougherty: Thanks, Feddie. Operator: 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. Mark DeFazio: Thank you. So in closing, I'd just like to say we remain confident in the strength of our growth strategy, the diversification of our commercial business model, and the earnings power of the franchise. Our core banking business remains robust and profitable. We are making targeted investments that we believe will enhance operating efficiency, expand revenue opportunities, and support long-term shareholder value. The re-engagement of our payments platform is expected to be accretive to earnings, further diversifying our revenue streams and enhance deposit liquidity over time. Thank you again, and again, we very much appreciate our shareholder support. Have a nice day. Operator: 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. Before you buy stock in Metropolitan Bank, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Metropolitan Bank wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. 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As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Metropolitan Bank (MCB) Q3 2026 Earnings Call Transcript was originally published by The Motley Fool

Net Interest Margin Expansion to 4.36% Diluted EPS of $2.58 Financial Highlights - Diluted earnings per share was $2.58 for the third quarter of 2026, compared to $1.54 for the prior linked quarter and $0.67 for the prior year period. - Net interest income for the third quarter of 2026 was $97.6 million, an increase of $7.2 million, or 7.9%, compared to the prior linked quarter and an increase of $20.3 million, or 26.3%, compared to the prior year period. - The net interest margin for the third quarter of 2026 was 4.36%, an increase of 28 basis points compared to the prior linked quarter and an increase of 48 basis points compared to the prior year period. - Annualized return on average equity of 13.1% and annualized return on average tangible common equity1 of 13.2% for the third quarter of 2026. - In support of the Company's focus on delivering strong shareholder returns, on October 19, 2026, the board of directors declared a quarterly cash dividend of $0.40 per share on the Company's common stock. - Total loans at September 30, 2026 were $7.5 billion, an increase of $205.0 million, or 2.8%, from June 30, 2026 and an increase of $723.6 million, or 10.6%, from December 31, 2025. - Total deposits at September 30, 2026 were $8.3 billion, an increase of $589.1 million, or 7.6%, from June 30, 2026 and an increase of $943.4 million, or 12.8%, from December 31, 2025. - At September 30, 2026, the Company and Bank displayed strong total risk-based capital ratios of 13.9% and 13.5%, respectively, well above regulatory minimums. The Bank remains "well capitalized" under all applicable regulatory guidelines. 1 Non-GAAP financial measure. See Reconciliation of Non-GAAP Measures on page 13. NEW YORK, October 20, 2026--(BUSINESS WIRE)--Metropolitan Bank Holding Corp. (the "Company") (NYSE: MCB), the holding company for Metropolitan Commercial Bank (the "Bank"), reported net income of $32.4 million, or $2.58 per diluted common share, for the third quarter of 2026 compared to $19.2 million, or $1.54 per diluted common share, for the second quarter of 2026 and $7.1 million, or $0.67 per diluted common share, for the third quarter of 2025. Mark DeFazio, President and Chief Executive Officer, commented, "Our third-quarter performance reflects strong execution across the franchise, with disciplined loan and deposit growth, lower funding costs and continued net interest margin expansion driving meaningful earnings growth. We remain well capitalized, with robust liquidity, and the increase in our quarterly dividend reflects our confidence in the Company's performance and long-term outlook." Balance Sheet Total loans, net of deferred fees and unamortized costs, were $7.5 billion at September 30, 2026, an increase of $205.0 million, or 2.8%, from June 30, 2026, and an increase of $752.2 million, or 11.1%, from September 30, 2025. The increase in total loans from June 30, 2026 was due primarily to an increase of $164.5 million in commercial real estate ("CRE") loans (including owner-occupied), an increase of $24.3 million in commercial and industrial ("C&I") loans and an increase of $19.7 million in construction loans. The increase in total loans from September 30, 2025 was due primarily to an increase of $859.3 million in CRE loans (including owner-occupied), partially offset by a decrease of $97.3 million in C&I loans and a decrease of $8.0 million in construction loans. Total securities were $1.5 billion at September 30, 2026, an increase of $399.5 million, or 36.7%, from June 30, 2026, and an increase of $553.5 million, or 59.2%, from September 30, 2025. The increase in securities from June 30, 2026 was due primarily to the deployment of excess cash into short-term securities. Total deposits were $8.3 billion at September 30, 2026, an increase of $589.1 million, or 7.6%, from June 30, 2026, and an increase of $1.2 billion, or 17.6%, from September 30, 2025. The increase in deposits from June 30, 2026 and September 30, 2025 was primarily driven by the Bank's EB-5 (Immigrant Investor Program), Home Owners Association banking and retail deposit verticals. The Bank's liquidity position remains robust. At September 30, 2026, cash on deposit with the Federal Reserve Bank of New York and available secured funding capacity totaled $4.2 billion, which represented 185% of our estimated uninsured deposits. Total cash and cash equivalents were $247.0 million at September 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 301.1% of total risk-based capital at September 30, 2026, compared to 304.1% and 376.3% at June 30, 2026 and September 30, 2025, respectively. The CRE loan concentration ratio declined from September 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 | | Three months ended | | | Nine months ended | | | Sept. 30, | | Jun. 30, | | Sept. 30, | | | Sept. 30, | | Sept. 30, | (dollars in thousands, except per share data) | | 2026 | | 2026 | | 2025 | | | 2026 | | 2025 | Total revenues(1) | | $ | 100,563 | | $ | 93,010 | | $ | 79,838 | | | $ | 282,063 | | $ | 226,698 | Net income (loss) | | $ | 32,437 | | $ | 19,223 | | $ | 7,119 | | | $ | 83,086 | | $ | 42,240 | Diluted earnings (loss) per common share | | $ | 2.58 | | $ | 1.54 | | $ | 0.67 | | | | 6.91 | | | 3.89 | Return on average assets(2) | | | 1.43 | % | | 0.86 | % | | 0.35 | % | | | 1.26 | % | | 0.73 | % Return on average equity(2) | | | 13.1 | % | | 8.0 | % | | 3.9 | % | | | 12.0 | % | | 7.7 | % Return on average tangible common equity(2), (3) | | | 13.2 | % | | 8.1 | % | | 3.9 | % | | | 12.1 | % | | 7.8 | % _________________________ (1) | | Total revenues equal net interest income plus non-interest income. (2) | | Ratios are annualized. (3) | | Determined by dividing net income by average tangible common equity. Return on average tangible common equity is a Non-GAAP financial measure. See Reconciliation of Non-GAAP Measures on page 13. Net Interest Income Net interest income for the third quarter of 2026 was $97.6 million compared to $90.4 million for the prior linked quarter and $77.3 million for the prior year period. The $7.2 million increase from the prior linked quarter was primarily due to an increase in the average balance of loans and, to a lesser extent, securities, a decrease in the average balance of interest-bearing deposits and a decrease in the total cost of funds, partially offset by a decrease in overnight deposits. The $20.3 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 third quarter of 2026 was 4.36% compared to 4.08% and 3.88% for the prior linked quarter and prior year period, respectively. The 28 basis point increase from the prior linked quarter and the 48 basis point increase from the prior year period were driven largely by an increase in yields on the average balance of loans and securities, in combination with elevated prepayment penalties and deferred fee recognition as a result of an increased level of loan payoffs, as well as a decrease in the cost of funds. The total cost of funds for the third quarter of 2026 was 250 basis points compared to 257 basis points and 305 basis points for the prior linked quarter and prior year period, respectively. The decrease from the prior linked quarter primarily reflects improvements in the 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 $3.0 million for the third quarter of 2026, an increase of $392,000 from the prior linked quarter and an increase of $427,000 from the prior year period. The increase from both the prior linked quarter and prior year period was primarily due to an increase in service charges on deposit accounts, partially offset by an increase in the unrealized loss on equity securities. Non-Interest Expense Non-interest expense was $49.5 million for the third quarter of 2026, a decrease of $2.3 million from the prior linked quarter and an increase of $3.7 million from the prior year period. The $2.3 million decrease from the prior linked quarter was primarily due to a decrease of $1.8 million in other operating expenses, a $1.1 million decrease in professional fees and a $946,000 decrease in technology costs, partially offset by a $1.7 million increase in deposit related program fees. The $3.7 million increase from the prior year period was due primarily to a $4.1 million increase in compensation and benefits and a $1.8 million increase in deposit related program fees, partially offset by a $1.5 million decrease in technology costs and a $1.1 million decrease in the Federal Deposit Insurance Corporation ("FDIC") assessment. Income Tax Expense The effective tax rate for the third quarter of 2026 was 29.5% compared to 31.1% for the prior linked quarter and 30.1% for the prior year period. The decline in the effective tax rate reflects the Company's initiation of an investment tax credit purchase program. Asset Quality The ratio of non-performing loans to total loans was 0.95% at September 30, 2026, compared to 0.91% at June 30, 2026 and 1.20% at September 30, 2025. The slight increase in the non-performing loan ratio from the prior linked quarter was primarily attributable to a single CRE loan being placed on non-accrual status. The decrease from the prior year period reflects the resolution and charge-off of a single CRE loan relationship and a single non-core C&I loan relationship. The allowance for credit losses was $64.2 million at September 30, 2026, an increase of $2.2 million from June 30, 2026, and a decrease of $30.0 million from September 30, 2025. The increase from June 30, 2026 primarily reflects a modest increase in specific reserves and loan growth. The decrease from September 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 of the aforementioned previously reserved CRE loan relationship in the second quarter of 2026, partially offset by loan growth. Conference Call The Company will conduct a conference call at 9:00 a.m. ET on Wednesday, October 21, 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: MCBQ326 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 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) | | Sept. 30, | | Jun. 30, | | Mar. 31, | | Dec. 31, | | Sept. 30, (in thousands) | | 2026 | | 2026 | | 2026 | | 2025 | | 2025 Assets | | | | | | | | | | | | | | | Cash and due from banks | | $ | 10,924 | | | $ | 10,253 | | | $ | 12,034 | | | $ | 12,086 | | | $ | 13,109 | Overnight deposits | | | 236,080 | | | | 229,011 | | | | 660,359 | | | | 381,501 | | | | 372,827 | Total cash and cash equivalents | | | 247,004 | | | | 239,264 | | | | 672,393 | | | | 393,587 | | | | 385,936 | Investment securities available-for-sale | | | 1,017,359 | | | | 667,778 | | | | 649,719 | | | | 578,932 | | | | 552,441 | Investment securities held-to-maturity | | | 464,744 | | | | 415,041 | | | | 347,868 | | | | 356,627 | | | | 376,447 | Equity investment securities, at fair value | | | 5,852 | | | | 5,646 | | | | 5,625 | | | | 5,609 | | | | 5,548 | Total securities | | | 1,487,955 | | | | 1,088,465 | | | | 1,003,212 | | | | 941,168 | | | | 934,436 | Other investments | | | 27,532 | | | | 27,759 | | | | 20,725 | | | | 20,632 | | | | 27,330 | Loans, net of deferred fees and unamortized costs | | | 7,533,879 | | | | 7,328,903 | | | | 7,046,547 | | | | 6,810,233 | | | | 6,781,703 | Allowance for credit losses | | | (64,150 | ) | | | (62,012 | ) | | | (82,071 | ) | | | (97,081 | ) | | | (94,239 | ) Net loans | | | 7,469,729 | | | | 7,266,891 | | | | 6,964,476 | | | | 6,713,152 | | | | 6,687,464 | Other assets | | | 238,700 | | | | 236,304 | | | | 183,318 | | | | 187,177 | | | | 199,264 | Total assets | | $ | 9,470,920 | | | $ | 8,858,683 | | | $ | 8,844,124 | | | $ | 8,255,716 | | | $ | 8,234,430 | | | | | | | | | | | | | | | | Liabilities and Stockholders' Equity | | | | | | | | | | | | | | | Deposits | | | | | | | | | | | | | | | Non-interest-bearing demand deposits | | $ | 1,791,652 | | | $ | 1,591,126 | | | $ | 1,539,553 | | | $ | 1,479,420 | | | $ | 1,382,345 | Interest-bearing deposits | | | 6,528,920 | | | | 6,140,356 | | | | 6,200,166 | | | | 5,897,758 | | | | 5,690,414 | Total deposits | | | 8,320,572 | | | | 7,731,482 | | | | 7,739,719 | | | | 7,377,178 | | | | 7,072,759 | Federal funds purchased | | | — | | | | — | | | | — | | | | — | | | | 125,000 | Federal Home Loan Bank of New York advances | | | — | | | | — | | | | — | | | | — | | | | 150,000 | Trust preferred securities | | | 20,620 | | | | 20,620 | | | | 20,620 | | | | 20,620 | | | | 20,620 | Secured and other borrowings | | | 15,914 | | | | 15,938 | | | | 15,975 | | | | 10,975 | | | | 17,355 | Other liabilities | | | 139,134 | | | | 122,477 | | | | 119,471 | | | | 103,831 | | | | 116,656 | Total liabilities | | | 8,496,240 | | | | 7,890,517 | | | | 7,895,785 | | | | 7,512,604 | | | | 7,502,390 | | | | | | | | | | | | | | | | Common stock | | | 136 | | | | 136 | | | | 136 | | | | 113 | | | | 113 | Additional paid in capital | | | 591,979 | | | | 588,133 | | | | 584,524 | | | | 405,565 | | | | 403,708 | Retained earnings | | | 523,132 | | | | 495,034 | | | | 479,177 | | | | 450,639 | | | | 423,338 | Accumulated other comprehensive gain (loss), net of tax effect | | | (54,636 | ) | | | (39,044 | ) | | | (39,233 | ) | | | (39,739 | ) | | | (41,852 | ) Treasury stock, at cost | | | (85,931 | ) | | | (76,093 | ) | | | (76,265 | ) | | | (73,466 | ) | | | (53,267 | ) Total stockholders' equity | | | 974,680 | | | | 968,166 | | | | 948,339 | | | | 743,112 | | | | 732,040 | Total liabilities and stockholders' equity | | $ | 9,470,920 | | | $ | 8,858,683 | | | $ | 8,844,124 | | | $ | 8,255,716 | | | $ | 8,234,430 | Consolidated Statement of Income (unaudited) | | Three months ended | | Nine months ended | | Sept. 30, | | Jun. 30, | | Sept. 30, | | Sept. 30, | | Sept. 30, (dollars in thousands, except per share data) | | 2026 | | 2026 | | 2025 | | 2026 | | 2025 Total interest income | | $ | 147,188 | | $ | 140,938 | | $ | 132,000 | | $ | 423,058 | | $ | 377,813 Total interest expense | | | 49,579 | | | 50,490 | | | 54,689 | | | 149,092 | | | 159,903 Net interest income | | | 97,609 | | | 90,448 | | | 77,311 | | | 273,966 | | | 217,910 Provision for credit losses | | | 5,095 | | | 13,325 | | | 23,862 | | | 16,120 | | | 34,746 Net interest income after provision for credit losses | | | 92,514 | | | 77,123 | | | 53,449 | | | 257,846 | | | 183,164 | | | | | | | | | | | | | | | Non-interest income | | | | | | | | | | | | | | | Service charges on deposit accounts | | | 2,590 | | | 2,229 | | | 2,047 | | | 7,093 | | | 6,351 Other income | | | 364 | | | 333 | | | 480 | | | 1,004 | | | 2,437 Total non-interest income | | | 2,954 | | | 2,562 | | | 2,527 | | | 8,097 | | | 8,788 | | | | | | | | | | | | | | | Non-interest expense | | | | | | | | | | | | | | | Compensation and benefits | | | 25,782 | | | 25,362 | | | 21,674 | | | 75,292 | | | 63,668 Bank premises and equipment | | | 3,181 | | | 3,472 | | | 2,664 | | | 9,382 | | | 7,640 Professional fees | | | 3,507 | | | 4,615 | | | 3,506 | | | 11,351 | | | 12,075 Technology costs | | | 3,758 | | | 4,704 | | | 5,297 | | | 12,658 | | | 11,170 Deposit related program fees | | | 8,635 | | | 6,892 | | | 6,800 | | | 22,326 | | | 16,954 FDIC assessments | | | 900 | | | 1,290 | | | 1,972 | | | 4,040 | | | 7,938 Other expenses | | | 3,727 | | | 5,467 | | | 3,881 | | | 12,643 | | | 12,180 Total non-interest expense | | | 49,490 | | | 51,802 | | | 45,794 | | | 147,692 | | | 131,625 | | | | | | | | | | | | | | | Net income before income tax expense | | | 45,978 | | | 27,883 | | | 10,182 | | | 118,251 | | | 60,327 Income tax expense | | | 13,541 | | | 8,660 | | | 3,063 | | | 35,165 | | | 18,087 Net income (loss) | | $ | 32,437 | | $ | 19,223 | | $ | 7,119 | | $ | 83,086 | | $ | 42,240 | | | | | | | | | | | | | | | Earnings per common share: | | | | | | | | | | | | | | | Average common shares outstanding: | | | | | | | | | | | | | | | Basic | | | 12,390,315 | | | 12,381,794 | | | 10,398,255 | | | 11,892,798 | | | 10,722,311 Diluted | | | 12,570,904 | | | 12,515,939 | | | 10,587,402 | | | 12,026,178 | | | 10,846,871 Basic earnings (loss) | | $ | 2.62 | | $ | 1.55 | | $ | 0.68 | | $ | 6.99 | | $ | 3.94 Diluted earnings (loss) | | $ | 2.58 | | $ | 1.54 | | $ | 0.67 | | $ | 6.91 | | $ | 3.89 Loan Production, Asset Quality & Regulatory Capital | | Sept. 30, | | Jun. 30, | | Mar. 31, | | Dec. 31, | | Sept. 30, | | 2026 | | 2026 | | 2026 | | 2025 | | 2025 LOAN PRODUCTION (in millions) | | $ | 918.0 | | | $ | 718.9 | | | $ | 428.3 | | | $ | 510.9 | | | $ | 514.2 | | | | | | | | | | | | | | | | ASSET QUALITY (in thousands) | | | | | | | | | | | | | | | Non-performing loans: | | | | | | | | | | | | | | | Commercial real estate | | $ | 58,084 | | | $ | 53,307 | | | $ | 68,635 | | | $ | 75,408 | | | $ | 70,122 | Commercial and industrial | | | 11,262 | | | | 11,262 | | | | — | | | | 8,989 | | | | 8,989 | One- to four- family | | | 2,341 | | | | 2,401 | | | | 2,416 | | | | 2,450 | | | | 2,451 | Consumer | | | — | | | | — | | | | — | | | | 37 | | | | — | Total non-performing loans | | $ | 71,687 | | | $ | 66,970 | | | $ | 71,051 | | | $ | 86,884 | | | $ | 81,562 | Non-performing loans to total loans | | | 0.95 | % | | | 0.91 | % | | | 1.01 | % | | | 1.28 | % | | | 1.20 | % Allowance for credit losses | | $ | 64,150 | | | $ | 62,012 | | | $ | 82,071 | | | $ | 97,081 | | | $ | 94,239 | Allowance for credit losses to total loans | | | 0.85 | % | | | 0.85 | % | | | 1.16 | % | | | 1.43 | % | | | 1.39 | % Charge-offs | | $ | (3,463 | ) | | $ | (34,838 | ) | | $ | (12,455 | ) | | $ | — | | | $ | (3,858 | ) Recoveries | | $ | 112 | | | $ | 614 | | | $ | 14 | | | $ | 58 | | | $ | 72 | Net charge-offs/(recoveries) to average loans (annualized) | | | 0.18 | % | | | 1.95 | % | | | 0.73 | % | | | — | % | | | 0.22 | % | | | | | | | | | | | | | | | REGULATORY CAPITAL | | | | | | | | | | | | | | | Tier 1 Leverage: | | | | | | | | | | | | | | | Metropolitan Bank Holding Corp. | | | 11.5 | % | | | 11.3 | % | | | 11.6 | % | | | 9.5 | % | | | 9.8 | % Metropolitan Commercial Bank | | | 11.1 | % | | | 11.1 | % | | | 11.4 | % | | | 9.1 | % | | | 9.4 | % | | | | | | | | | | | | | | | Common Equity Tier 1 Risk-Based (CET1): | | | | | | | | | | | | | | | Metropolitan Bank Holding Corp. | | | 12.8 | % | | | 12.9 | % | | | 13.2 | % | | | 10.7 | % | | | 10.6 | % Metropolitan Commercial Bank | | | 12.6 | % | | | 12.9 | % | | | 13.1 | % | | | 10.5 | % | | | 10.4 | % | | | | | | | | | | | | | | | Tier 1 Risk-Based: | | | | | | | | | | | | | | | Metropolitan Bank Holding Corp. | | | 13.1 | % | | | 13.2 | % | | | 13.4 | % | | | 11.0 | % | | | 10.9 | % Metropolitan Commercial Bank | | | 12.6 | % | | | 12.9 | % | | | 13.1 | % | | | 10.5 | % | | | 10.4 | % | | | | | | | | | | | | | | | Total Risk-Based: | | | | | | | | | | | | | | | Metropolitan Bank Holding Corp. | | | 13.9 | % | | | 14.0 | % | | | 14.6 | % | | | 12.3 | % | | | 12.2 | % Metropolitan Commercial Bank | | | 13.5 | % | | | 13.7 | % | | | 14.3 | % | | | 11.7 | % | | | 11.7 | % Performance Measures | | Three months ended | | Nine months ended | | | Sept. 30, | | Jun. 30, | | Sept. 30, | | Sept. 30, | | Sept. 30, | (dollars in thousands, except per share data) | | 2026 | | 2026 | | 2025 | | 2026 | | 2025 | Net income (loss) available to common shareholders | | $ | 32,437 | | $ | 19,223 | | $ | 7,119 | | $ | 83,086 | | $ | 42,240 | | | | | | | | | | | | | | | | | Per common share: | | | | | | | | | | | | | | | | Basic earnings (loss) | | $ | 2.62 | | $ | 1.55 | | $ | 0.68 | | $ | 6.99 | | $ | 3.94 | Diluted earnings (loss) | | $ | 2.58 | | $ | 1.54 | | $ | 0.67 | | $ | 6.91 | | $ | 3.89 | Common shares outstanding: | | | | | | | | | | | | | | | | Period end | | | 12,285,553 | | | 12,395,278 | | | 10,382,218 | | | 12,285,553 | | | 10,382,218 | Average fully diluted | | | 12,570,904 | | | 12,515,939 | | | 10,587,402 | | | 12,026,178 | | | 10,846,871 | Return on:(1) | | | | | | | | | | | | | | | | Average total assets | | | 1.43 | % | | 0.86 | % | | 0.35 | % | | 1.26 | % | | 0.73 | % Average equity | | | 13.1 | % | | 8.0 | % | | 3.9 | % | | 12.0 | % | | 7.7 | % Average tangible common equity(2), (3) | | | 13.2 | % | | 8.1 | % | | 3.9 | % | | 12.1 | % | | 7.8 | % Yield on average earning assets(1) | | | 6.57 | % | | 6.35 | % | | 6.62 | % | | 6.45 | % | | 6.59 | % Total cost of deposits(1) | | | 2.49 | % | | 2.57 | % | | 2.98 | % | | 2.55 | % | | 3.03 | % Net interest spread(1) | | | 3.42 | % | | 3.13 | % | | 2.85 | % | | 3.25 | % | | 2.72 | % Net interest margin(1) | | | 4.36 | % | | 4.08 | % | | 3.88 | % | | 4.17 | % | | 3.80 | % Net charge-offs as % of average loans(1) | | | 0.18 | % | | 1.95 | % | | 0.22 | % | | 0.94 | % | | 0.08 | % Efficiency ratio(4) | | | 49.2 | % | | 55.7 | % | | 57.4 | % | | 52.4 | % | | 58.1 | % _________________________ (1) | | Ratios are annualized. (2) | | Determined by dividing net income by average tangible common equity. (3) | | Non-GAAP financial measure. See Reconciliation of Non-GAAP Measures on page 13. (4) | | Determined by dividing total non-interest expense by total revenues. Interest Margin Analysis | | Three months ended | | | Sept. 30, 2026 | | | Jun. 30, 2026 | | | Sept. 30, 2025 | | | Average | | | | | Yield / | | | Average | | | | | Yield / | | | Average | | | | | Yield / | (dollars in thousands) | | Balance | | Interest | | Rate (1) | | | Balance | | Interest | | Rate (1) | | | Balance | | Interest | | Rate (1) | Assets: | | | | | | | | | | | | | | | | | | | | | | | | | | | Interest-earning assets: | | | | | | | | | | | | | | | | | | | | | | | | | | | Loans (2) | | $ | 7,331,185 | | | $ | 134,375 | | 7.27 | % | | $ | 7,023,237 | | | $ | 125,642 | | 7.18 | % | | $ | 6,690,695 | | | $ | 123,521 | | 7.32 | % Available-for-sale securities | | | 759,093 | | | | 6,318 | | 3.30 | | | | 727,655 | | | | 5,984 | | 3.30 | | | | 626,434 | | | | 4,224 | | 2.68 | Held-to-maturity securities | | | 438,273 | | | | 2,876 | | 2.60 | | | | 363,589 | | | | 1,866 | | 2.06 | | | | 383,238 | | | | 1,780 | | 1.84 | Equity investments | | | 6,049 | | | | 46 | | 3.00 | | | | 5,918 | | | | 45 | | 3.04 | | | | 5,751 | | | | 43 | | 2.94 | Overnight deposits | | | 328,100 | | | | 3,179 | | 3.84 | | | | 750,213 | | | | 7,010 | | 3.75 | | | | 177,016 | | | | 1,995 | | 4.47 | Other interest-earning assets | | | 27,724 | | | | 394 | | 5.64 | | | | 25,331 | | | | 391 | | 6.19 | | | | 27,564 | | | | 437 | | 6.29 | Total interest-earning assets | | | 8,890,424 | | | | 147,188 | | 6.57 | | | | 8,895,943 | | | | 140,938 | | 6.35 | | | | 7,910,698 | | | | 132,000 | | 6.62 | Non-interest-earning assets | | | 179,637 | | | | | | | | | | 155,960 | | | | | | | | | | 128,891 | | | | | | | Allowance for credit losses | | | (61,704 | ) | | | | | | | | | (80,257 | ) | | | | | | | | | (74,877 | ) | | | | | | Total assets | | $ | 9,008,357 | | | | | | | | | $ | 8,971,646 | | | | | | | | | $ | 7,964,712 | | | | | | | Liabilities and Stockholders' Equity: | | | | | | | | | | | | | | | | | | | | | | | | | | | Interest-bearing liabilities: | | | | | | | | | | | | | | | | | | | | | | | | | | | Money market and savings accounts | | $ | 6,079,932 | | | | 47,972 | | 3.13 | | | $ | 6,110,436 | | | | 48,800 | | 3.20 | | | $ | 5,340,340 | | | | 49,856 | | 3.70 | Certificates of deposit | | | 142,018 | | | | 1,302 | | 3.64 | | | | 152,062 | | | | 1,394 | | 3.68 | | | | 126,600 | | | | 1,321 | | 4.14 | Total interest-bearing deposits | | | 6,221,950 | | | | 49,274 | | 3.14 | | | | 6,262,498 | | | | 50,194 | | 3.21 | | | | 5,466,940 | | | | 51,177 | | 3.71 | Borrowed funds | | | 20,620 | | | | 305 | | 5.84 | | | | 20,620 | | | | 296 | | 5.76 | | | | 289,517 | | | | 3,512 | | 4.81 | Total interest-bearing liabilities | | | 6,242,570 | | | | 49,579 | | 3.15 | | | | 6,283,118 | | | | 50,490 | | 3.22 | | | | 5,756,457 | | | | 54,689 | | 3.77 | Non-interest-bearing liabilities: | | | | | | | | | | | | | | | | | | | | | | | | | | | Non-interest-bearing deposits | | | 1,626,652 | | | | | | | | | | 1,583,067 | | | | | | | | | | 1,354,163 | | | | | | | Other non-interest-bearing liabilities | | | 154,646 | | | | | | | | | | 140,438 | | | | | | | | | | 122,811 | | | | | | | Total liabilities | | | 8,023,868 | | | | | | | | | | 8,006,623 | | | | | | | | | | 7,233,431 | | | | | | | Stockholders' equity | | | 984,489 | | | | | | | | | | 965,023 | | | | | | | | | | 731,281 | | | | | | | Total liabilities and equity | | $ | 9,008,357 | | | | | | | | | $ | 8,971,646 | | | | | | | | | $ | 7,964,712 | | | | | | | Net interest income | | | | | $ | 97,609 | | | | | | | | $ | 90,448 | | | | | | | | $ | 77,311 | | | Net interest rate spread (3) | | | | | | | | 3.42 | % | | | | | | | | 3.13 | % | | | | | | | | 2.85 | % Net interest margin (4) | | | | | | | | 4.36 | % | | | | | | | | 4.08 | % | | | | | | | | 3.88 | % Total cost of deposits (5) | | | | | | | | 2.49 | % | | | | | | | | 2.57 | % | | | | | | | | 2.98 | % Total cost of funds (6) | | | | | | | | 2.50 | % | | | | | | | | 2.57 | % | | | | | | | | 3.05 | % _________________________ (1) | | Ratios are annualized. (2) | | Amount includes deferred loan fees and non-performing loans. (3) | | Determined by subtracting the annualized average cost of total interest-bearing liabilities from the annualized average yield on total interest-earning assets. (4) | | Determined by dividing annualized net interest income by total average interest-earning assets. (5) | | Determined by dividing annualized interest expense on deposits by total average interest-bearing and non-interest-bearing deposits. (6) | | Determined by dividing annualized interest expense by the sum of total average interest-bearing liabilities and total average non-interest-bearing deposits. | | Nine months ended | | | Sept. 30, 2026 | | | Sept. 30, 2025 | | | Average | | | | | Yield / | | | Average | | | | | Yield / | (dollars in thousands) | | Balance | | Interest | | Rate (1) | | | Balance | | Interest | | Rate (1) | Assets: | | | | | | | | | | | | | | | | | | Interest-earning assets: | | | | | | | | | | | | | | | | | | Loans (2) | | $ | 7,095,282 | | | $ | 382,611 | | 7.21 | % | | $ | 6,461,679 | | | $ | 353,160 | | 7.31 | % Available-for-sale securities | | | 713,284 | | | | 17,284 | | 3.24 | | | | 603,841 | | | | 11,523 | | 2.55 | Held-to-maturity securities | | | 385,246 | | | | 6,406 | | 2.22 | | | | 398,188 | | | | 5,572 | | 1.87 | Equity investments | | | 5,947 | | | | 135 | | 3.03 | | | | 5,608 | | | | 124 | | 2.95 | Overnight deposits | | | 551,311 | | | | 15,518 | | 3.76 | | | | 171,892 | | | | 5,998 | | 4.67 | Other interest-earning assets | | | 24,608 | | | | 1,104 | | 6.00 | | | | 28,709 | | | | 1,436 | | 6.69 | Total interest-earning assets | | | 8,775,678 | | | | 423,058 | | 6.45 | | | | 7,669,917 | | | | 377,813 | | 6.59 | Non-interest-earning assets | | | 145,924 | | | | | | | | | | 133,116 | | | | | | | Allowance for credit losses | | | (79,784 | ) | | | | | | | | | (69,513 | ) | | | | | | Total assets | | $ | 8,841,818 | | | | | | | | | $ | 7,733,520 | | | | | | | Liabilities and Stockholders' Equity: | | | | | | | | | | | | | | | | | | Interest-bearing liabilities: | | | | | | | | | | | | | | | | | | Money market and savings accounts | | $ | 6,050,890 | | | | 143,771 | | 3.18 | | | $ | 5,073,383 | | | $ | 144,154 | | 3.80 | Certificates of deposit | | | 159,412 | | | | 4,428 | | 3.71 | | | | 128,856 | | | | 4,024 | | 4.18 | Total interest-bearing deposits | | | 6,210,302 | | | | 148,199 | | 3.19 | | | | 5,202,239 | | | | 148,178 | | 3.81 | Borrowed funds | | | 21,286 | | | | 893 | | 5.61 | | | | 326,954 | | | | 11,725 | | 4.79 | Total interest-bearing liabilities | | | 6,231,588 | | | | 149,092 | | 3.20 | | | | 5,529,193 | | | | 159,903 | | 3.87 | Non-interest-bearing liabilities: | | | | | | | | | | | | | | | | | | Non-interest-bearing deposits | | | 1,556,919 | | | | | | | | | | 1,344,086 | | | | | | | Other non-interest-bearing liabilities | | | 126,869 | | | | | | | | | | 128,004 | | | | | | | Total liabilities | | | 7,915,376 | | | | | | | | | | 7,001,283 | | | | | | | Stockholders' equity | | | 926,442 | | | | | | | | | | 732,237 | | | | | | | Total liabilities and equity | | $ | 8,841,818 | | | | | | | | | $ | 7,733,520 | | | | | | | Net interest income | | | | | $ | 273,966 | | | | | | | | $ | 217,910 | | | Net interest rate spread (3) | | | | | | | | 3.25 | % | | | | | | | | 2.72 | % Net interest margin (4) | | | | | | | | 4.17 | % | | | | | | | | 3.80 | % Total cost of deposits (5) | | | | | | | | 2.55 | % | | | | | | | | 3.03 | % Total cost of funds (6) | | | | | | | | 2.56 | % | | | | | | | | 3.11 | % _________________________ (1) | | Ratios are annualized. (2) | | Amount includes deferred loan fees and non-performing loans. (3) | | Determined by subtracting the annualized average cost of total interest-bearing liabilities from the annualized average yield on total interest-earning assets. (4) | | Determined by dividing annualized net interest income by total average interest-earning assets. (5) | | Determined by dividing annualized interest expense on deposits by total average interest-bearing and non-interest-bearing deposits. (6) | | Determined by dividing annualized interest expense by the sum of total average interest-bearing liabilities and total average non-interest-bearing deposits. 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: | | Quarterly Data | | | Nine months ended (dollars in thousands, | | Sept. 30, | | | Jun. 30, | | | Mar. 31, | | | Dec. 31, | | | Sept. 30, | | | Sept. 30, | | | Sept. 30, except per share data) | | 2026 | | | 2026 | | | 2026 | | | 2025 | | | 2025 | | | 2026 | | | 2025 Average assets | | $ | 9,008,357 | | | $ | 8,971,646 | | | $ | 8,566,759 | | | $ | 8,319,679 | | | $ | 7,964,712 | | | $ | 8,841,818 | | | $ | 7,733,520 Less: average intangible assets | | | 9,733 | | | | 9,733 | | | | 9,733 | | | | 9,733 | | | | 9,733 | | | | 9,733 | | | | 9,733 Average tangible assets (non-GAAP) | | $ | 8,998,624 | | | $ | 8,961,913 | | | $ | 8,557,026 | | | $ | 8,309,946 | | | $ | 7,954,979 | | | $ | 8,832,085 | | | $ | 7,723,787 | | | | | | | | | | | | | | | | | | | | | | | | | | | Average common equity | | $ | 984,489 | | | $ | 965,023 | | | $ | 828,131 | | | $ | 735,722 | | | $ | 731,281 | | | $ | 926,442 | | | $ | 732,237 Less: average intangible assets | | | 9,733 | | | | 9,733 | | | | 9,733 | | | | 9,733 | | | | 9,733 | | | | 9,733 | | | | 9,733 Average tangible common equity (non-GAAP) | | $ | 974,756 | | | $ | 955,290 | | | $ | 818,398 | | | $ | 725,989 | | | $ | 721,548 | | | $ | 916,709 | | | $ | 722,504 | | | | | | | | | | | | | | | | | | | | | | | | | | | Total assets | | $ | 9,470,920 | | | $ | 8,858,683 | | | $ | 8,844,124 | | | $ | 8,255,716 | | | $ | 8,234,430 | | | $ | 9,470,920 | | | $ | 8,234,430 Less: intangible assets | | | 9,733 | | | | 9,733 | | | | 9,733 | | | | 9,733 | | | | 9,733 | | | | 9,733 | | | | 9,733 Tangible assets (non-GAAP) | | $ | 9,461,187 | | | $ | 8,848,950 | | | $ | 8,834,391 | | | $ | 8,245,983 | | | $ | 8,224,697 | | | $ | 9,461,187 | | | $ | 8,224,697 | | | | | | | | | | | | | | | | | | | | | | | | | | | Common equity | | $ | 974,680 | | | $ | 968,166 | | | $ | 948,339 | | | $ | 743,112 | | | $ | 732,040 | | | $ | 974,680 | | | $ | 732,040 Less: intangible assets | | | 9,733 | | | | 9,733 | | | | 9,733 | | | | 9,733 | | | | 9,733 | | | | 9,733 | | | | 9,733 Tangible common equity (book value) (non-GAAP) | | $ | 964,947 | | | $ | 958,433 | | | $ | 938,606 | | | $ | 733,379 | | | $ | 722,307 | | | $ | 964,947 | | | $ | 722,307 | | | | | | | | | | | | | | | | | | | | | | | | | | | Common shares outstanding | | | 12,285,553 | | | | 12,395,278 | | | | 12,392,035 | | | | 10,088,617 | | | | 10,382,218 | | | | 12,285,553 | | | | 10,382,218 Book value per share (GAAP) | | $ | 79.34 | | | $ | 78.11 | | | $ | 76.53 | | | $ | 73.66 | | | $ | 70.51 | | | $ | 79.34 | | | $ | 70.51 Tangible book value per share (non-GAAP) (1) | | $ | 78.54 | | | $ | 77.32 | | | $ | 75.74 | | | $ | 72.69 | | | $ | 69.57 | | | $ | 78.54 | | | $ | 69.57 _________________________ (1) | | Determined by dividing tangible book value by common shares outstanding at period-end. 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/20261020304608/en/ Contacts 212-365-6721 [email protected]

NEW YORK, October 19, 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 $0.40 per share on the Company's common stock (the "Dividend"), an increase of $0.05 from the prior quarterly dividend of $0.35 per share. The Dividend is payable on November 10, 2026 to holders of record of the Company's common stock at the close of business on October 30, 2026. About Metropolitan Bank Holding Corp. Metropolitan Bank Holding Corp., the holding company for 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. MCB 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. MCB 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 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/20261019022324/en/ Contacts Daniel F. Dougherty EVP & Chief Financial Officer Metropolitan Commercial Bank (212) 365-6721 [email protected]

NEW YORK, October 01, 2026--(BUSINESS WIRE)--Metropolitan Bank Holding Corp. (the "Company") (NYSE: MCB), the holding company for Metropolitan Commercial Bank, today announced it will release third quarter 2026 financial results after the market closes on Tuesday, October 20, 2026. The Company will conduct a conference call at 9:00 a.m. ET on Wednesday, October 21, 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: MCBQ326 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., the holding company for 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. MCB 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. MCB 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/20261001002878/en/ Contacts Daniel F. Dougherty EVP & Chief Financial Officer Metropolitan Commercial Bank (212) 365-6721 [email protected]

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.