Quarterly ResultJul 31, 2026, 08:40 AM
Metropolitan Bank Q2 Net Income $19.2M; Diluted EPS $1.54
AI Summary
Metropolitan Bank Holding Corp. reported a net income of $19.2 million for the second quarter of 2026, a slight increase from $18.8 million in the prior year. However, diluted earnings per share decreased to $1.54 from $1.76, primarily due to an increase in shares outstanding. The company saw strong growth in net interest income and total assets, but also a significant rise in the provision for credit losses.
Key Highlights
- Net income for Q2 2026 was $19.2 million, up 2.4% year-over-year.
- Diluted earnings per share for Q2 2026 decreased 12.5% to $1.54.
- Net interest income for Q2 2026 increased 22.8% to $90.4 million.
- Provision for credit losses for Q2 2026 surged 108.9% to $13.3 million.
- Total assets grew to $8.86 billion as of June 30, 2026, up 7.3% from year-end 2025.
- Total deposits reached $7.73 billion as of June 30, 2026, an increase of 4.8% from year-end 2025.
- Declared a cash dividend of $0.25 per common share for the quarter.
Price Impact
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