Metropolitan Bank Holding Corp.

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.

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.

Metropolitan Bank Holding Corp. announced an increase in its quarterly cash dividend. The company declared a dividend of $0.35 per share, which is a $0.10 increase from the previous $0.25 per share dividend. This dividend is scheduled to be paid on August 11, 2026, to shareholders of record as of July 31, 2026.

Metropolitan Bank Holding Corp.'s board of directors approved a new share repurchase program on June 19, 2026. This program authorizes the company to repurchase up to $50.0 million of its outstanding common stock. The new program replaces a previously authorized program from July 2025 and will be funded with available cash, with no expiration date.

William Reinhardt retired from the board of directors of Metropolitan Bank Holding Corp. and its wholly owned subsidiary, Metropolitan Commercial Bank, effective June 6, 2026. In connection with his retirement, the Board designated him as director emeritus, an honorary status without any rights or duties as a director. Following his departure, the Board reduced the number of directors to eleven.

Metropolitan Bank Holding Corp. reported a significant increase in net income for the first quarter of 2026, rising 92.1% to $31.4 million, with diluted earnings per share more than doubling to $2.92. This strong performance was driven by a 28.3% increase in net interest income and a negative provision for credit losses, which included a $6.4 million reduction due to an accounting estimate change. The company also experienced growth in total assets, net loans, and deposits, and declared a cash dividend of $0.20 per share.

Metropolitan Bank Holding Corp. announced its financial results for the first quarter of 2026. The company issued a press release detailing its financial performance, which is attached as Exhibit 99.1. Additionally, presentation materials providing further information on the Q1 2026 results have been made available on the company's website as Exhibit 99.2.

Metropolitan Bank Holding Corp. announced an increase in its quarterly cash dividend. The board of directors declared a dividend of $0.25 per share, marking a $0.05 increase from the previous $0.20 per share. This dividend is scheduled to be paid on May 12, 2026, to shareholders of record as of May 1, 2026.