Metropolitan Bank Holding Corp (MCB) News & EventsMCBMetropolitan Bank Holding Corp

Company Reports Net Interest Income of $90.4M for Q2

Results reflected continued earnings strength, partially offset by a $13.3M provision for credit losses driven primarily by a single commercial and industrial loan in a non-core portfolio segment, as well as $3.3M of isolated non-interest expense items. Net interest income for the second quarter of 2026 was $90.4M, an increase of $4.5M, or 5.3%, compared to the prior linked quarter and an increase of $16.8M, or 22.8%, compared to the prior year period. The net interest margin for the second quarter of 2026 was 4.08%, which was the same as the prior linked quarter and an increase of 25 basis points compared to the prior year period. Mark DeFazio, President and Chief Executive Officer, commented, "I am pleased with the continued progress we are making across the franchise. Balance sheet growth remains consistent with our prior guidance, our lending pipeline remains robust, and loan yields continue to hold. On the funding side, our deposit forecast remains in line with guidance, and we continue to expect the momentum in our core operating trends to persist. This quarter's earnings were noticeably affected by isolated items. However, we made significant progress in the resolution of legacy asset quality matters."

Company Reports Q2 Revenue of $93.01M, Below Consensus

Reports Q2 revenue $93.01M, consensus $93.39M.

Metropolitan Bank Announces Quarterly Cash Dividend of 35 Cents per Share

Metropolitan Bank Holding Corp. announced a quarterly cash dividend of 35c per share on the company's common stock, an increase of 10c from the prior quarterly dividend of 25c per share. The Dividend is payable on August 11, 2026 to holders of record of the company's common stock at the close of business on July 31, 2026.