Metropolitan Bank Q1 revenue rises, driven by higher average loan balances

Metropolitan Bank Holding

21/04/2026 21:17

Overview

US commercial bank's Q1 revenue and EPS rose yr/yr, driven by loan and deposit growth

Company completed $186.8 mln equity offering to support growth and strengthen capital position

Quarterly dividend increased to $0.25 per share, up $0.05 from prior quarter

Outlook

Company plans to use equity offering proceeds to support organic growth initiatives

Metropolitan Bank says strong capital position enables support for significant future growth

Company enters remainder of 2026 well positioned with strong capital levels and strategic focus

Result Drivers

NET INTEREST INCOME - Growth in net interest income driven by higher average loan balances and lower cost of funds

LOAN AND DEPOSIT GROWTH - Robust loan and deposit growth, with loan growth led by commercial real estate lending

NON-INTEREST INCOME DECLINE - Decrease in non-interest income due to absence of one-time program fees and lower securities gains

Company press release: ID:nBw9s7Wyta

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$88.49 mln
Q1 EPS
$2.92
Q1 Net Income
$31.43 mln
Q1 Net Interest Income
$85.90 mln
Q1 Net Interest Margin
4.08%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Metropolitan Bank Holding Corp is $102.00, about 11.7% above its April 20 closing price of $91.35

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)