Metropolitan Bank Holding Corp. Reports First Quarter 2026 Results

About this update from Metropolitan Bank Holding Corp.

[{"type":"text","content":"Strong Financial Performance and Successful Follow on Equity offering Highlight First Quarter Results","length":101,"tagName":"p","attribs":{}},{"type":"text","content":"Financial Highlights","length":20,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Diluted earnings per share of $2.92 for the first quarter of 2026, compared to $2.77 for the prior linked quarter and $1.45 for the prior year period.","length":150,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net interest income for the first quarter of 2026 was $85.9 million, an increase of $19.0 million or 28.3%, compared to the prior year period.","length":142,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"The net interest margin for the first quarter of 2026 was 4.08%, an increase of 40 basis points compared to 3.68% for the prior year period.","length":140,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Annualized return on average equity ("ROAE") of 15.4% and annualized return on average tangible common equity1 ("ROATCE") of 15.6% for the first quarter of 2026.","length":181,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"The Company completed a public equity offering of approximately 2.3 million shares of common stock at a price of $85.00 per share, resulting in proceeds, net of underwriting discounts and commissions of approximately $186.8 million.","length":232,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"On April 20, 2026, the board of directors declared a quarterly cash dividend of $0.25 per share on the Company’s common stock, an increase of $0.05 from the prior quarterly dividend of $0.20 per share.","length":201,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Total loans at March 31, 2026 were $7.0 billion, an increase of $236.3 million, or 3.5%, from December 31, 2025 and $704.4 million, or 11.1%, from March 31, 2025.","length":162,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Total deposits at March 31, 2026 were $7.7 billion, an increase of $362.5 million, or 4.9%, from December 31, 2025 and $1.3 billion, or 20.0%, from March 31, 2025.","length":163,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"The Company and Bank have total risk-based capital ratios of 14.6% and 14.3%, respectively...

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