Earnings ·
Metropolitan Bank Holding Corp. reported second quarter 2026 financial results on July 21, 2026
MCBMetropolitan Bank Holding Corp.
Metropolitan Bank Holding Corp. reported second quarter 2026 financial results on July 21, 2026. The company reported net income of $19.2 million, or $1.54 per diluted share, compared to $31.4 million ($2.92 per share) in the prior quarter. Net interest income rose 22.8% year-over-year to $90.4 million. Results were impacted by a $13.3 million provision for credit losses and $3.3 million in isolated non-interest expenses. The board approved a new $50.0 million common stock repurchase program on June 19, 2026, and declared a quarterly cash dividend of $0.35 per share on July 20, 2026, increasing it from $0.25. Total loans grew to $7.3 billion as of June 30, 2026. The company operates as a financial holding company for a full-service commercial bank.