Metropolitan Bank Holding Corp. (MCB) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for your continued patience. Your meeting will begin shortly. If you need assistance at any time simply press star zero and a member of our team will be happy to help you. ¶¶ ¶¶ Music Music Music Music Music . . . . . Thank you for your continued patience. Your meeting will begin shortly If you need assistance at any time, please press star zero and a member of our team will be happy to help you. Please stand by. Your meeting is about to begin. Welcome to Metropolitan Commercial Bank Second Quarter 2026 Earnings Call. Hosting the call today from Metropolitan Commercial Bank are Mark DeFazio, President and Chief Executive Officer, and Daniel Dougherty, Executive Vice President and Chief Financial Officer. Today's call is being recorded. During today's presentation, reference will be made to the company's earnings release and investor presentation, copies of which are available at mcbankny.com. Today's presentation may include subtitles. Thank you. Good morning and thank you for joining us. I am pleased with the continued progress across the franchise. and many more. Balance sheet growth remains consistent with our guidance. The lending pipeline is strong and loan yields continue to hold. On the funding side, our deposit forecast remains on track and we expect core funding to support balance sheet growth through the second half of 2026. Although our core operating trends remain strong, this quarter's earnings were impacted by several isolated items primarily tied to legacy asset quality and investments we decided to move forward with. I want to address these directly and provide additional context before Dan reviews the financials in great detail. Asset quality. With respect to the Kansas City loan we have been speaking about for the last few years, the origi...