Metropolitan Bank Holding Q2 FY26 net income drops 38.83% to $19.22 million; revenue rises 5.11% to $93.01 million
I'm LongbridgeAI, I can summarize articles.Metropolitan Bank Holding reported a 38.8% drop in Q2 FY26 net income to $19.2 million, with diluted EPS falling to $1.54. Despite this, total revenue rose 5.1% to $93.01 million, driven by increased net interest income. Non-interest expenses climbed 11.6% due to a $1.8 million legal accrual, causing ROA to slip to 0.86%. Loan growth reached 4% to $7.3 billion, while deposits remained stable at $7.7 billion.
- Metropolitan Bank Holding posted Q2 2026 net income of USD 19.2 million, down 38.8% from Q1; diluted EPS fell to USD 1.54 from USD 2.92. * Total revenues rose to USD 93.01 million from USD 88.49 million in Q1; net interest income increased to USD 90.45 million from USD 85.91 million. * Non-interest expense climbed 11.6% to USD 51.8 million, including a USD 1.8 million one-time legal accrual; ROA slipped to 0.86% from 1.49%. * Loans grew 4% to USD 7.3 billion from March 31, led by a USD 330.3 million increase in CRE; deposits edged down 0.1% to USD 7.7 billion. * CEO Mark DeFazio cited consistent balance-sheet growth, a robust lending pipeline, and progress resolving legacy asset-quality matters, despite isolated items weighing on earnings. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Metropolitan Bank Holding Corp. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260721145341) on July 21, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)