Metropolitan Bank Holding Q2 FY26 net income drops 38.83% to $19.22 million; revenue rises 5.11% to $93.01 million - MCB News | Rallies
Metropolitan Bank Holding Q2 FY26 net income drops 38.83% to $19.22 million; revenue rises 5.11% to $93.01 million M MCB • 2026-07-21 Quarterly earnings and revenue
Metropolitan Bank Holding posted Q2 2026 net income of $19.2 million , down 38.8% from Q1; diluted EPS fell to $1.54 from $2.92 .
Total revenues rose to $93.01 million from $88.49 million in Q1; net interest income increased to $90.45 million from $85.91 million .
Expenses, balance sheet and management commentary
Non-interest expense climbed 11.6% to $51.8 million , including a $1.8 million one-time legal accrual; ROA slipped to 0.86% from 1.49% .
Loans grew 4% to $7.3 billion from March 31, led by a $330.3 million increase in CRE; deposits edged down 0.1% to $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. •
2026-07-21
MCB•
