Metropolitan Bank Holding Corp. stock delivers stronger Q3 profit

Metropolitan Bank Holding Corp. reported stronger third-quarter results on October 20, 2026, with net income of USD 32.4 million. The company said diluted earnings per share reached USD 2.58 for the quarter ended September 30, compared with USD 1.54 in the prior quarter and USD 0.67 a year earlier, according to its third-quarter results release.

Margin expansion supports earnings

Net interest income rose to USD 97.6 million from USD 77.3 million in the year-earlier period. Metropolitan Bank Holding Corp. attributed the increase primarily to higher average loan balances and overnight deposits, together with lower funding costs.

Net interest margin expanded to 4.36% from 3.88% a year earlier and 4.08% in the second quarter. The company said the improvement was driven largely by higher yields on loans and securities, elevated prepayment penalties and deferred fee recognition from increased loan payoffs, as well as lower funding costs.

Loans and deposits continue growing

Total loans stood at USD 7.5 billion at September 30, up 2.8% from June 30. Total deposits reached USD 8.3 billion, an increase of 7.6% from the prior quarter. The bank said deposit growth was primarily driven by its EB-5, Home Owners Association banking and retail deposit businesses.

Asset quality remained a focus for investors. Non-performing loans represented 0.95% of total loans at quarter-end, compared with 0.91% three months earlier and 1.20% a year before. The allowance for credit losses was USD 64.2 million.

Dividend signals shareholder focus

On October 19, the board declared a quarterly cash dividend of USD 0.40 per common share. The company also reported total risk-based capital ratios of 13.9% for the holding company and 13.5% for the bank, stating that the bank remained well capitalized under applicable regulatory guidelines.

For broader context on US equities, see the current market reports.

Further updates and analysis are available in the Metropolitan Bank Holding Corp. stock topic.