Metropolitan Bank (MCB) Q3 2026 earnings summary

Executive summary

• Q3 2026 net income was $32.4M, or $2.58 diluted EPS; NIM was 4.36%.

• At quarter-end, assets were $9.5B, loans were $7.5B and deposits were $8.3B; loans and deposits have grown at CAGRs of 16% and 14% since year-end 2020.

Financial highlights

• Revenue was $100.6M, net interest income was $97.6M, and pre-tax, pre-provision net revenue was $51.1M.

• Net interest income rose 7.9% QoQ and 26.3% YoY; 9M net interest income was $274.0M versus $217.9M.

• Non-interest expense fell $2.3M QoQ to $49.5M; provision for credit losses was $5.1M, versus $13.3M QoQ and $23.9M YoY.

• 9M revenue was $282.1M and net income was $83.1M, or $6.91 diluted EPS.

Outlook and guidance

• FY2026 loan growth is on track to approach $1B; full-year net interest income growth is forecast above 20%.

• Q4 NIM is forecast at 4.15%–4.20%, assuming a December rate hike; each 25-bp hike typically results in 5 bps of NIM compression.

• Deposit gathering is expected to outpace loan growth and fund 2026 and future lending; fee initiatives are expected to lift fee income from H2 2027.

• Management expects some Q4 2026 recoveries on legacy non-accrual loans following restructuring or legal proceedings.