Metropolitan Bank Holding (MCB) Q2 2026 Earnings Report

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Previous Report: Q1 2026

MCB Q2 2026 EPS Results

Actual EPS$1.54

Consensus EPS$2.29

Beat/MissMissed by -$0.75

One Year Ago EPS$1.76

MCB Q2 2026 Revenue Results

Actual Revenue$143.50M

Expected Revenue$93.39M

Beat/MissBeat by +$50.11M

YoY Revenue Growth+10.67%

Earnings Announcement Details

QuarterQ2 2026

Date07/21/2026

TimeAfter Close

Conference CallTuesday, July 21, 2026

MCB Upcoming Earnings

Metropolitan Bank Holding's next earnings date is estimated for October 20, 2026, based on past reporting schedules.

Q2 2026 Earnings Call Audio

MCB Q2 2026 Earnings Call

0:00 / 0:00

Q2 2026 Earnings Slide Deck

Q2 2026 Earnings Call Summary

Q2 2026

Earnings Call Date:Jul 21, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call conveyed a predominantly positive view of the franchise: strong loan growth, a robust $1.0B pipeline, high-yield originations, clear NIM expansion plans and targeted strategic investments (AI and payments) expected to drive revenue and deposits in 2027. Offsetting near-term headwinds included several discrete legacy credit charge-offs/settlements, one-time legal and operational expenses, and deposit seasonality/competition that pressured quarter-end metrics. Management framed the credit issues as isolated and emphasized confidence in normalization and recoveries (expects $7.5M–$10M of recoveries by year-end) and reiterated guidance for funding loan growth with deposits and achieving higher NIM and net interest income growth for the year.

Company Guidance

Management reiterated full‑year 2026 guidance for about $1.0 billion of loan growth (YTD $518M; Q2 growth $282M; loan pipeline ~$1.0B with >$625M signed term sheets and >$375M out for signature), expecting to fund that growth with deposits (deposits flat Q/Q, spot deposit cost down ~4 bps; muni seasonality ~$200M outflow to be recouped, muni growth ~$100M, EB‑5/HOA/title/escrow +$200M combined; intentionally offloaded a $100M high‑cost treasury relationship). NIM was 4.08% reported (normalized >4.15% adjusting for ~ $750M excess cash); management expects Q3 NIM north of 4.15% and to press toward ~4.20% in Q4, with at least 20% net interest income growth for the year and new loan coupons generally >7% (Q2 originations/draws ~$847M at a 7.03% WAC; deferred fees add ~25 bps), while payoffs/paydowns were ~$525M at a 7.75% WAC. OpEx was $51.8M in Q2 (up $5.4M Q/Q, including ~$3.3M of one‑time items such as a $1.8M legal accrual); management expects a near‑term OpEx run‑rate of about $48.5M/quarter. Strategic investments include a $3.4M payments platform spend in 2026 (live testing end‑Q3, go‑to‑market Q4, ROI early 2027), AI buildout (4 FTEs now, +3 hires planned, goal to be fully AI‑enabled in 24 months with ROI quantified by year‑end), expected recoveries of $7.5M–$10M by year‑end, and an exit ROTCE goal in the low‑teens by 4Q27.

Strong Loan Growth and Pipeline

Loan book increased ~$282M in Q2 and ~$518M year-to-date; full-year growth guidance of $1.0B remains achievable. Current loan pipeline ~ $1.0B with >$625M in signed term sheets and >$375M in term sheets out for signature.

High-Yield New Originations

Q2 originations and draws of ~$847M printed at a weighted average coupon of ~7.03% (deferred fees add ~25 bps). Management expects new volume coupons and asset yields well north of 7% going forward.

Top-Line and Net Interest Income Momentum

Interest income rose by ~$6M (≈+4.5% QoQ) while interest expense increased only ~$1.4M (+3% QoQ), producing unannualized top-line growth of ~$4.5M (+5.3% QoQ). Management forecasts at least 20% net interest income growth for the full year.

Net Interest Margin Expansion Outlook

Reported NIM was 4.08% (unchanged QoQ). After a conservative adjustment for excess cash (~$750M avg.), normalized NIM would be >4.15%. Management expects to print north of 4.15% in Q3 and press toward ~4.20% in Q4 without assuming Fed cuts.

Deposit Franchise and Funding Strength

Deposit verticals (EB-5, HOA, title & escrow) combined for >$200M growth in the quarter; municipal deposits grew ~$100M (offset by ~$200M seasonal outflows). Management intends to fund 2026 loan growth with deposits and purposely offloaded a $100M high-cost treasury relationship.

Strategic Investments with Expected ROI

Launched enterprise AI initiative (hired AI lead, 2 analysts, 1 engineer; additional offers extended) with goal to be AI-enabled within 24 months. Invested ~$3.4M in payments platform in 2026 (not budgeted); demos positive, live testing expected end-Q3, market launch Q4, and meaningful fee/deposit contribution anticipated in 2027.

MCB Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Oct 20, 2026	2026 (Q3)	2.38 / -	0.67	―
Jul 21, 2026	2026 (Q2)	2.29 / 1.54	1.76	-12.50% (-0.22)
Apr 21, 2026	2026 (Q1)	2.31 / 2.92	1.45	101.38% (+1.47)
Jan 20, 2026	2025 (Q4)	2.20 / 2.77	1.88	47.34% (+0.89)
Oct 23, 2025	2025 (Q3)	2.08 / 0.67	1.86	-63.98% (-1.19)
Jul 17, 2025	2025 (Q2)	1.73 / 1.76	1.5	17.33% (+0.26)
Apr 21, 2025	2025 (Q1)	1.53 / 1.45	1.46	-0.68% (-0.01)
Jan 23, 2025	2024 (Q4)	1.49 / 1.88	1.28	46.87% (+0.60)
Oct 17, 2024	2024 (Q3)	1.55 / 1.86	1.71	8.77% (+0.15)
Jul 18, 2024	2024 (Q2)	1.57 / 1.50	1.37	9.49% (+0.13)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed