From The Motley Fool · Motley Fool Transcribing · · 2m
Metropolitan Bank Q3 2026 Earnings Results
Metropolitan Bank reports stronger earnings with 4.36% net interest margin and $7.5B loans.
In brief
Metropolitan Bank reports stronger earnings with 4.36% net interest margin and $7.5B loans. Metropolitan Bank raised quarterly dividend 14% to $0.40 per share after Q3 2026 earnings. Originally reported by The Motley Fool.
Q3 2026 Earnings
Metropolitan Bank reported diluted EPS of $2.58, up from $1.54 in prior quarter.
Net Interest Margin
Net interest margin expanded to 4.36%, up 28 basis points from prior quarter.
Net Interest Income
Net interest income rose 7.9% to $97.6 million driven by loan growth.
Loan Growth
Total loans reached $7.5 billion, up 10.6% from December 31, 2025.
Deposit Growth
Total deposits grew to $8.3 billion, up 12.8% since December 31, 2025.
Non-Performing Loans
Non-performing loans rose to 0.95% after one commercial real estate loan was placed on non-accrual.
Efficiency Ratio
Efficiency ratio fell to 49.2%, below 50% threshold.
Net Charge-offs
Net charge-offs at 18 basis points, in line with long-term trend.
Quarterly Dividend
Board approved 14% increase in quarterly dividend to $0.40 per share.
Loan Originations
Loan originations totaled almost $1 billion with $800 million in payoffs.
Loan Pipeline
Loan pipeline includes $700 million signed term sheets and $600 million under review.
Securities Portfolio
Securities portfolio grew to $1.5 billion, up 36.7% from prior quarter.
Non-Interest-Bearing Deposits
Non-interest-bearing deposits increased 12% to $1.8 billion driven by EB-5 vertical.
Cost of Deposits
Cost of deposits declined 8 basis points to 2.49% from prior quarter.
Cost of Funds
Cost of funds fell to 2.50% from 2.57% in prior quarter.
Non-Interest Income
Non-interest income rose 15% to $3.0 million from prior quarter.
Non-Interest Expense
Non-interest expense decreased $2.3 million to $49.5 million.
Stock Repurchases
Repurchased $10 million of shares at 109% of estimated year-end book value.
Risk-Based Capital Ratio
Total risk-based capital ratio remained at 13.9%, above regulatory minimums.
CRE Loan Concentration
CRE loan concentration dropped to 301.1% of risk-based capital from 376.3% a year ago.
The big picture
Metropolitan Bank raised quarterly dividend 14% to $0.40 per share after Q3 2026 earnings.
