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AI brief of an SEC Form 8-K · Metropolitan Bank Holding Corp. (MCB)

Metropolitan Bank Holding Q2 EPS $1.54, down from $2.92 in Q1; dividend raised to $0.35

Mixed Impact 4 of 5 earnings Written later

Metropolitan Bank Holding Corp. reported second-quarter 2026 net income of $19.2 million, or $1.54 per diluted share, down from $2.92 in the first quarter and $1.76 a year earlier. Revenue rose to $93.0 million, but a $13.3 million credit loss provision tied mainly to one commercial and industrial loan and $3.3 million of isolated expenses weighed on profit. The board also approved a $50.0 million buyback and raised the quarterly dividend to $0.35 per share from $0.25.

Key points

  • Diluted EPS was $1.54 for Q2 2026, versus $2.92 in Q1 2026 and $1.76 in Q2 2025; net income was $19.2 million.
  • Net interest income rose 22.8% year over year to $90.4 million; net interest margin was 4.08%.
  • Provision for credit losses was $13.3 million, driven mainly by a single C&I loan; non-interest expense of $51.8 million included a $1.8 million one-time legal accrual.
  • Board approved a $50.0 million share repurchase program on June 19, 2026, and declared a $0.35 quarterly dividend on July 20, 2026.

The filing

CompanyMetropolitan Bank Holding Corp. (MCB)
Form8-K, current report
Filed with the SECJul 21, 2026, 4:20 PM ET
Accession number0001104659-26-085420

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 21, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.