Earnings ·
Metropolitan Bank Holding raises quarterly dividend to $0.35 per share and approves $50M stock repurchase program
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.