Metropolitan Bank Holding Corp. Q3 FY26 Results

Summary

Metropolitan Bank Holding Corp. reported strong third-quarter 2026 results, driven by disciplined loan and deposit growth, lower funding costs, and continued net interest margin expansion. Diluted earnings per share rose to $2.58, while net interest income increased by 26.3% year-over-year to $97.6 million. The net interest margin improved to 4.36%, reflecting higher yields and a decrease in funding costs. Management expressed confidence in the company's performance and long-term outlook, highlighted by an increased quarterly dividend.

Key Highlights

1. 1

   Diluted earnings per share for the third quarter of 2026 was $2.58, a significant increase from $1.54 in the prior linked quarter and $0.67 in the prior year period.

2. 2

   Net interest income for the third quarter of 2026 reached $97.6 million, marking a 7.9% increase from the prior linked quarter and a substantial 26.3% increase from the prior year period.

3. 3

   The net interest margin expanded to 4.36% in Q3 2026, up 28 basis points from the prior linked quarter and 48 basis points from the prior year period.

4. 4

   Total loans grew by 2.8% to $7.5 billion from June 30, 2026, and total deposits increased by 7.6% to $8.3 billion over the same period.

5. 5

   The Company declared a quarterly cash dividend of $0.40 per share on October 19, 2026, reflecting confidence in performance and long-term outlook.

6. 6

   Annualized return on average equity was 13.1% and annualized return on average tangible common equity was 13.2% for the third quarter of 2026.