Metropolitan Bank Holding Stock Earnings Reports

Metropolitan Commercial Bank (MCB) reported strong Q1 2026 momentum driven by disciplined, repeatable execution across technology, talent and specialized deposit verticals. Loans grew roughly $235 million in the quarter (consistent with a $1 billion net growth target for 2026) with originations/draws of ~$524 million at a weighted average coupon net of fees of ~7.24%. Deposits rose about $363 million (5%), outpacing loan growth and lowering deposit costs ~15 bps, driven by municipals, EB-5 and HOA specialty channels. CFO highlighted a ROATCE of 15.6%, a successful follow-on equity raise, and guidance for at least 20% net interest income growth for the full year. NIM was 4.08% (normalized ~4.12%) with management expecting NIM to move toward 4.15%–4.20% as the year progresses; management removed rate-cut assumptions from its 2026 model. New initiatives (iGaming payments and HUD lending) are in integration and expected to drive meaningful balance sheet growth and fee income in H2. Credit activity included three charge-offs totaling $12.3 million with management expecting recoveries and stating current reserves are adequate; allowance decreased due to charge-offs, a $2.6 million provision release tied to ACL framework enhancements, and improved macro forecasts. Noninterest expense rose modestly (to $46.4 million) due mainly to higher comp & benefits; digital transformation timing shifted with some expenses pushed into Q2. Management reiterated confidence in the business model, the durability of its growth, and its ability to support a substantially larger balance sheet funded primarily by deposits.