--- title: "Metropolitan Bank | 8-K: FY2026 Q2 Revenue: USD 93.01 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/293382638.md" datetime: "2026-07-21T20:23:22.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293382638.md) - [en](https://longbridge.com/en/news/293382638.md) - [zh-HK](https://longbridge.com/zh-HK/news/293382638.md) --- # Metropolitan Bank | 8-K: FY2026 Q2 Revenue: USD 93.01 M Revenue: As of FY2026 Q2, the actual value is USD 93.01 M. EPS: As of FY2026 Q2, the actual value is USD 1.54, missing the estimate of USD 2.2587. EBIT: As of FY2026 Q2, the actual value is USD 27.88 M. #### Performance Metrics (2Q 2026 vs. 1Q 2026) - **Book Value per Share:** $78.11 in 2Q 2026, up from $76.53 in 1Q 2026. - **Tangible Book Value per Share:** $77.32 in 2Q 2026, up from $75.74 in 1Q 2026. - **Price/Book Value:** 1.26x in 2Q 2026, up from 1.09x in 1Q 2026. - **Price/Tangible Book Value:** 1.28x in 2Q 2026, up from 1.10x in 1Q 2026. - **Price/Earnings (P/E):** 11.13x in 2Q 2026, up from 7.03x in 1Q 2026. - **Net Interest Margin (NIM):** 4.08% in both 2Q 2026 and 1Q 2026. The net interest margin for 2Q 2026 was an increase of 25 basis points compared to the prior year period (3.83%). - **Net Charge-offs / Average Loans (Annualized):** 2.0% in 2Q 2026, up from 0.7% in 1Q 2026. - **Efficiency Ratio:** 55.7% in 2Q 2026, up from 52.4% in 1Q 2026. The efficiency ratio for 2Q 2026 was 55.7%, compared to 52.4% for the prior linked quarter and 56.5% for the prior year period. - **Pre-tax, Pre-Provision Net Revenue / Average Assets:** 1.92% in 2Q 2026, down from 1.99% in 1Q 2026. - **Return on Average Assets (ROAA) (Annualized):** 0.86% in 2Q 2026, down from 1.49% in 1Q 2026. Return on average assets was 0.86% for 2Q 2026, compared to 1.49% for the prior linked quarter and 0.97% for the prior year period. - **Return on Average Equity (ROAE) (Annualized):** 8.0% in 2Q 2026, down from 15.4% in 1Q 2026. Return on average equity was 8.0% for 2Q 2026, compared to 15.4% for the prior linked quarter and 10.4% for the prior year period. - **Return on Average Tangible Common Equity (ROATCE) (Annualized):** 8.1% in 2Q 2026, down from 15.6% in 1Q 2026. Return on average tangible common equity was 8.1% for 2Q 2026, compared to 15.6% for the prior linked quarter and 10.5% for the prior year period. - **Common Equity Tier 1 (CET1) Capital Ratio:** 12.9% in 2Q 2026, down from 13.2% in 1Q 2026. - **Tier 1 Leverage Ratio:** 11.3% in 2Q 2026, down from 11.6% in 1Q 2026. - **Total Risk Based Capital Ratio:** 14.0% in 2Q 2026, down from 14.6% in 1Q 2026. - **Tangible Common Equity / Tangible Assets (TCE/TA) Ratio:** 10.8% in 2Q 2026, up from 10.6% in 1Q 2026. #### Balance Sheet Data - **Assets:** $8.9 billion in 2Q 2026, up from $8.8 billion in 1Q 2026. - **Loans:** $7.3 billion in 2Q 2026, up from $7.0 billion in 1Q 2026. Total loans, net of deferred fees and unamortized costs, were $7.3 billion at June 30, 2026, an increase of $282.4 million, or 4.0%, from March 31, 2026, and an increase of $716.1 million, or 10.8%, from June 30, 2025. - **Deposits:** $7.7 billion in both 2Q 2026 and 1Q 2026. Total deposits were $7.7 billion at June 30, 2026, a decrease of $8.2 million, or 0.1%, from March 31, 2026, and an increase of $940.2 million, or 13.8%, from June 30, 2025. - **Loans/Deposits:** 94.8% in 2Q 2026, up from 91.0% in 1Q 2026. #### Net Interest Income - Net Interest Income was $90.4 million for 2Q 2026, up from $85.9 million in 1Q 2026. This represents an increase of $4.5 million, or 5.3%, compared to the prior linked quarter ($85.9 million) and an increase of $16.8 million, or 22.8%, compared to the prior year period ($73.6 million). #### Other Income and Expense - **Net Income:** Net income for 2Q 2026 was $19.2 million, compared to $31.4 million for 1Q 2026 and $18.8 million for 2Q 2025. - **Total Revenues:** Total revenues for 2Q 2026 were $93.010 million, compared to $88.490 million for the prior linked quarter and $76.270 million for the prior year period. - **Provision for Credit Losses:** Provision for credit losses was $13.325 million for 2Q 2026, compared to - $2.300 million for the prior linked quarter and $6.378 million for the prior year period. - **Non-Interest Income:** Non-interest income was $2.562 million for 2Q 2026, a decrease of $19,000 from the prior linked quarter ($2.581 million) and a decrease of $61,000 from the prior year period ($2.623 million). - **Non-Interest Expense:** Non-interest expense was $51.802 million for 2Q 2026, an increase of $5.4 million from the prior linked quarter ($46.400 million) and an increase of $8.7 million from the prior year period ($43.109 million). #### Deposit and Loan Composition (June 30, 2026) - **Total Deposits:** $7.7 billion. - Money Market & Savings: 77%. - Non-Interest Bearing Demand: 21%. - Time Deposits: 2%. - Non-interest bearing Deposit %: 20.6%. - Insured deposits: 74%. - Uninsured Deposit Coverage Ratio: 156%. - Cost of deposits: 2.57% in 2Q 2026. - **Total Loans:** $7.3 billion. - CRE: Skilled Nursing Facility (SNF): 42%. - C&I: 11%. - CRE: Office: 6%. - CRE: Hospitality: 6%. - CRE: Multi-family: 6%. - CRE: Retail: 5%. - CRE: Mixed Use: 5%. - CRE: Construction: 3%. - CRE: Land: 3%. - CRE: Charter Schools: 3%. - CRE: Industrial: 2%. - CRE: Other: 7%. - Consumer & 1-4 Family: 1%. - Average 2Q 2026 Yield: 7.18%. - CRE/RBC ratio: 304.1%. #### Credit Metrics (2Q 2026) - **Non-Performing Loans/Loans:** 0.91%. The ratio of non-performing loans to total loans improved to 0.91% at June 30, 2026, a decrease of 10.0% from the prior linked quarter (1.01%). The ratio was 0.60% at June 30, 2025. - **Net Charge-offs (NCOs)/Average Loans (Annualized):** 1.35%. - **Allowance for Credit Losses (ACL)/Loans:** 0.85%. - **Allowance for Credit Losses:** The allowance for credit losses was $62.0 million at June 30, 2026, a decrease of $20.1 million from March 31, 2026 ($82.1 million), and a decrease of $12.1 million from June 30, 2025 ($74.1 million). - **Non-Performing Loans/ACL:** 108.0%. #### Capital Ratios (2Q 2026) - **Common Equity Tier 1 Capital Ratio:** 12.9%. - **Tier 1 Leverage Ratio:** 11.3%. - **Total Risk-Based Capital Ratio:** 14.0%. Metropolitan Bank Holding Corp. and Metropolitan Commercial Bank maintained strong total risk-based capital ratios of 14.0% and 13.7%, respectively, at June 30, 2026, both well above regulatory minimums. - **TCE / TA:** 10.8%. #### Revenue and Net Income Trends (Millions) - **Revenue:** $182 (YTD 2026), $315 (2025), $277 (2024), $251 (2023), $256 (2022), $181 (2021), $142 (2020). - **Net Income:** $51 (YTD 2026), $71 (2025), $35 (2024), $77 (2023), $59 (2022), $60 (2021), $39 (2020). #### Loan Production - Loan production was $718.9 million for 2Q 2026, compared to $428.3 million for the prior linked quarter and $492.0 million for the prior year period. #### Liquidity - At June 30, 2026, cash on deposit with the Federal Reserve Bank of New York and available secured funding capacity totaled $3.1 billion, representing 156% of estimated uninsured deposits. - Total cash and cash equivalents were $239.3 million at June 30, 2026. #### Outlook / Guidance Metropolitan Bank Holding Corp. increased its quarterly common stock cash dividend from $0.25 per share to $0.35 per share. The company expects balance sheet growth to remain consistent with prior guidance, with a robust lending pipeline and stable loan yields. Metropolitan Bank Holding Corp. anticipates its deposit forecast to remain in line with guidance and expects the momentum in its core operating trends to persist. ### Related Stocks - [MCB.US](https://longbridge.com/en/quote/MCB.US.md) ## Related News & Research - [Metropolitan Bank Holding director Robert C. Patent sells 10,000 shares for $922,923](https://longbridge.com/en/news/295709409.md) - [Flexsteel Q4 2026 Earnings Preview](https://longbridge.com/en/news/296031749.md) - [Algorhythm Holdings Reports Second Quarter 2026 Financial Results](https://longbridge.com/en/news/296124832.md) - [REG - UIL Limited UIL Finance Ltd - Purchase of 2026 ZDP Shares](https://longbridge.com/en/news/296129742.md) - [Eidesvik Offshore to present Q2 2026 results in digital briefing](https://longbridge.com/en/news/295931470.md)