Metropolitan Bank Q3 net interest margin rises on higher yields and loan payoffs

Metropolitan Bank Holding

20/10/2026 21:17

Overview
US commercial bank's Q3 net interest income rose 26.3% yr/yr
Q3 diluted EPS climbed to $2.58 from $0.67 a year earlier
Net interest margin expanded to 4.36% from 3.88% a year ago

Outlook
Company raises quarterly dividend to $0.40 per share, citing confidence in long-term outlook

Result Drivers
LOAN AND SECURITIES GROWTH - Co said higher average balances of loans and securities contributed to net interest income increase
HIGHER YIELDS AND LOAN PAYOFFS - Co attributed net interest margin expansion to higher yields on loans and securities, elevated prepayment penalties and deferred fee recognition from increased loan payoffs
IMPROVED DEPOSIT MIX - Co said lower cost of funds was driven by improved deposit mix and lower short-term rates

Company press release: ID:nBw43SM0da

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
$100.56 mln
 
Q3 EPS
 
$2.58
 
Q3 Net Income
 
$32.44 mln
 
Q3 Net Interest Income
 
$97.60 mln
 
Q3 Net Interest Margin
 
4.36%
 

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 $108.00, about 24.8% above its October 19 closing price of $86.53
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

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Oct 19 - Western Alliance Bancorp Q3 revenue slightly beats estimates, profit rises on wider interest margin

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(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.)