| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 2.61 | 26.9% |
| Total Income | 2.61 | 26.9% |
| Expenditure | -41.78 | 111.0% |
| PBT | 44.39 | 90.0% |
| Net Profit | 31.43 | 92.2% |
| OPM | — | |
| NPM | 100.00% | 0.00pp |
| EPS | 2.94 | 101.4% |
Metropolitan Bank Holding Corp. Reports Q1 2026 Results; EPS $2.92
22 Apr 2026 · 22 Apr, 2:09 am
Summary
Metropolitan Bank Holding Corp. reported net income of $31.4 million, or $2.92 per diluted common share, for the first quarter of 2026. Net interest income increased by 28.3% year-over-year to $85.9 million. Total loans reached $7.0 billion, and total deposits grew to $7.7 billion. The company also completed a public equity offering, raising approximately $186.8 million to support growth initiatives.
Key Highlights
- 1
Metropolitan Bank Holding Corp. reported diluted earnings per share of $2.92 for the first quarter of 2026.
- 2
Net interest income for the first quarter of 2026 increased by 28.3% to $85.9 million compared to the prior year period.
- 3
The net interest margin for the first quarter of 2026 was 4.08%, an increase of 40 basis points compared to the prior year period.
- 4
Total loans at March 31, 2026, were $7.0 billion, an increase of 11.1% from March 31, 2025.
- 5
Total deposits at March 31, 2026, were $7.7 billion, an increase of 20.0% from March 31, 2025.
- 6
The company completed a public equity offering of approximately 2.3 million shares of common stock, resulting in net proceeds of approximately $186.8 million.
- 7
A quarterly cash dividend of $0.25 per share on the Company’s common stock was declared, an increase of $0.05 from the prior quarterly dividend.
Management Comments
Mark DeFazio
Our first quarter results reflect the continued strength and momentum of our business model. Driven by disciplined balance sheet management and continued growth across our core client base, we delivered diluted earnings per share of $2.92, strong core margin expansion, and solid returns on equity. Net interest income increased more than 28% year over year, reflecting disciplined loan pricing, funding mix optimization, and consistent execution in a dynamic interest-rate environment.
Mark DeFazio
Loan and deposit growth was robust during the quarter, highlighting the durability of our franchise and the deepened relationships we continue to build with our clients. Total loans increased to $7.0 billion, while deposits grew to $7.7 billion, demonstrating our ability to grow prudently with core funding while maintaining strong credit discipline.
Mark DeFazio
We also strengthened our capital position with the successful completion of our follow-on public equity offering. Our robust capital position provides us with the ability to support significant future growth while enhancing the strength of our balance sheet. In addition, the Board’s decision to increase the quarterly dividend underscores our confidence in the Company’s earnings power and long-term outlook.
Mark DeFazio
We enter the remainder of 2026 well positioned, with strong capital levels, a proven operating model, and a clear strategic focus on delivering sustainable growth and long-term value for our shareholders.”
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