Metropolitan Bank falls after credit hiccup drives Q3 profit miss

Metropolitan Bank Holding

24/10/2025 14:27

** Community lender Metropolitan Bank's MCB.N shares fall 4.7% to $71.01 premarket

** Late Thursday, MCB reports Q3 profit below Wall Street expectations after beating estimates in the past three quarters, per LSEG data

** Provision for credit losses swell to $23.9 million from $2.7 million a year earlier, driven by a CRE multi-family loan relationship

** "Cautiously optimistic that we will complete the workout of one or more of these loans before year end or during the first quarter of next year" - CEO Mark DeFazio

** Piper Sandler says MCB was perceived to have a lower risk loan portfolio and investors are sure to take notice given the hypersensitivity around credit this quarter

** All three brokerages covering MCB rate "buy" or higher; median PT $90 - data compiled by LSEG

** As of last close, MCB stock up 27.6% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))