Quarterly ResultJul 21, 2026, 04:27 PM
Metropolitan Bank Q2 EPS $1.54; Net Interest Income Up 22.8% YoY
AI Summary
Metropolitan Bank Holding Corp. reported diluted earnings per share of $1.54 for the second quarter of 2026, a decrease from $2.92 in the prior linked quarter, primarily due to a $13.3 million provision for credit losses and $3.3 million in isolated non-interest expenses. Despite this, net interest income increased 22.8% year-over-year to $90.4 million, and the net interest margin remained stable at 4.08%. The company also announced a new $50.0 million common stock repurchase program and increased its quarterly cash dividend by $0.10 to $0.35 per share, while maintaining strong capital ratios and improving its non-performing loan ratio.
Key Highlights
- Diluted earnings per share was $1.54 for Q2 2026, down from $2.92 in Q1 2026.
- Net interest income increased 22.8% year-over-year to $90.4 million.
- Net interest margin remained stable at 4.08% compared to the prior quarter.
- Non-performing loans to total loans improved to 0.91% at June 30, 2026.
- Board approved a new $50.0 million common stock repurchase program.
- Quarterly cash dividend increased by $0.10 to $0.35 per share.
- Total loans grew 4.0% quarter-over-quarter to $7.3 billion.
- Total deposits were stable at $7.7 billion from the prior quarter.
Price Impact
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