Metro Bk Hldgs Plc (MTRBF) Q2 2026 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Metro Bank Holdings Plc.

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Replay transcript excerpt

WEBVTT 00:00:00.942 -- 00:00:06.805 Good morning and welcome to Metrobank's Half One 2026 results. 00:00:06.805 -- 00:00:11.428 As you can tell from the opening slide, you're about to see a very strong performance 00:00:11.428 -- 00:00:14.909 driven by our strategy. 00:00:14.950 -- 00:00:17.651 Our ability to win share 00:00:17.651 -- 00:00:23.615 by staying focused on relationship banking and delivering quality service 00:00:23.615 -- 00:00:27.116 will come out throughout the presentation. 00:00:28.107 -- 00:00:31.748 I'll start with a bit of an overview of the financial results, then Marc will walk you 00:00:31.748 -- 00:00:33.489 through the detail, 00:00:33.489 -- 00:00:38.310 and then I'll come back and talk about the strategy that drives the future for Metro. 00:00:38.310 -- 00:00:40.751 And then we're happy to take questions. 00:00:40.751 -- 00:00:45.812 So let's start. Metro delivered a £61 million underlying profit for the first 00:00:45.812 -- 00:00:47.993 half of the year, 00:00:47.993 -- 00:00:53.674 up 34% year-on-year, and the largest in the history of Metro Bank. 00:00:53.674 -- 00:00:56.635 Rhody increased to 7.5%. 00:00:57.000 -- 00:01:00.862 Up 270 basis points over a year ago. 00:01:00.862 -- 00:01:04.323 Cost income ratio continued to drop 00:01:04.323 -- 00:01:09.005 as revenue growth outpaced cost growth. 00:01:09.246 -- 00:01:14.408 Exit NIM expanded to 325 basis points, 30 basis points up year 00:01:14.408 -- 00:01:19.370 on year, and the largest NIM in the history of the bank. 00:01:19.370 -- 00:01:22.647 We continue to find lots of opportunities to lend. 00:01:22.647 -- 00:01:26.068 We did a billion pounds in commercial and corporate lending in the first half of the 00:01:26.068 -- 00:01:31.270 year, and we have a one billion pound credit ap...