Metro Bank PLC (GB:MTRO)
LSE:MTRO
Top Page
Metro Bank
(LSE:MTRO)
Select Model
Select Model
Rating:47Neutral
Price Target:
113.00 p
▼(-2.59% Downside)
Action:ReiteratedDate:03/06/26
The score is held back primarily by weak financial quality signals—large recent cash outflows and higher leverage—despite a 2025 revenue/profitability recovery. Technicals are also negative (below major moving averages with bearish MACD), while valuation is only moderately supportive via a mid-range P/E and no stated dividend.
Positive Factors
Revenue recovery
A strong revenue rebound in 2025 with positive net income and an ~8% net margin indicates the bank's core lending and fee businesses can regain scale. Durable top-line recovery supports rebuilding margins and underwriting capacity over the next several quarters if maintained.
Negative Factors
Weak cash generation
Sustained large cash outflows reduce liquidity buffers and force reliance on external funding or asset sales. Negative operating and free cash flow over consecutive years undermines earnings quality, constrains reinvestment and raises the probability of funding stress over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue recovery
A strong revenue rebound in 2025 with positive net income and an ~8% net margin indicates the bank's core lending and fee businesses can regain scale. Durable top-line recovery supports rebuilding margins and underwriting capacity over the next several quarters if maintained.
Read all positive factors
Metro Bank (MTRO) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£781.10M
Dividend YieldN/A
Average Volume (3M)1.08M
Price to Earnings (P/E)11.6
Beta (1Y)0.52
Revenue Growth-29.12%
EPS Growth964.19%
CountryUK
Employees3,449
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.03
Shares Outstanding673,363,600
10 Day Avg. Volume946,774
30 Day Avg. Volume1,084,048
Financial Highlights & Ratios
PEG Ratio0.50
Price to Book (P/B)0.65
Price to Sales (P/S)0.94
P/FCF Ratio-0.72
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£165.00Price Target Upside42.24% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.13
Revenue Forecast (FY)£657.00M
Metro Bank Business Overview & Revenue Model
Company Description
Metro Bank PLC, together with its subsidiaries, provides retail and commercial banking services in the United Kingdom. The company offers personal banking products and services, including current, cash, and savings accounts; residential mortgages;...
How the Company Makes Money
Metro Bank generates revenue primarily through its net interest income and fee-based services. The bank earns money by offering loans and mortgages to individuals and businesses, charging interest on these financial products. The difference betwee...
Metro Bank Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
51
Neutral
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 862.60M | 962.80M | 615.70M | 483.60M | 392.80M |
| Gross Profit | 583.20M | 405.30M | 615.70M | 483.60M | 392.80M |
| EBITDA | 148.90M | 0.00 | 573.10M | 445.40M | 352.60M |
| Net Income | 69.70M | 42.50M | 29.50M | -72.70M | -248.20M |
Balance Sheet | |||||
| Total Assets | 16.48B | 17.58B | 22.25B | 22.12B | 22.59B |
| Cash, Cash Equivalents and Short-Term Investments | 2.19B | 2.81B | 3.89B | 1.96B | 3.57B |
| Total Debt | 1.58B | 675.00M | 694.00M | 571.00M | 588.00M |
| Total Liabilities | 15.22B | 16.40B | 21.11B | 21.16B | 21.55B |
| Stockholders Equity | 1.24B | 1.18B | 1.13B | 956.00M | 1.03B |
Cash Flow | |||||
| Free Cash Flow | -1.12B | -1.43B | 616.00M | -1.21B | 2.81B |
| Operating Cash Flow | -1.09B | -1.39B | 628.00M | -1.19B | 2.85B |
| Investing Cash Flow | 256.00M | 327.00M | 1.02B | -402.00M | -2.25B |
| Financing Cash Flow | 206.00M | -22.00M | 291.00M | -25.00M | -29.00M |
Metro Bank Technical Analysis
Negative
116.00
Price Trends
123.87
Negative
119.16
Negative
121.14
Negative
Market Momentum
-2.56
Negative
47.49
Neutral
83.29
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:MTRO, the sentiment is Negative. The current price of 116 is above the 20-day moving average (MA) of 114.62, below the 50-day MA of 123.87, and below the 200-day MA of 121.14, indicating a neutral trend. The MACD of -2.56 indicates Negative momentum. The RSI at 47.49 is Neutral, neither overbought nor oversold. The STOCH value of 83.29 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:MTRO.
Metro Bank Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | £142.04M | 3.30 | 6.10% | 5.68% | 1.68% | -46.69% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | £54.08B | 10.47 | 8.08% | 3.41% | -22.85% | -21.12% | |
65 Neutral | £1.38B | 5.39 | 12.70% | 4.74% | -4.98% | 3.02% | |
54 Neutral | £227.78M | -24.74 | 4.70% | 2.66% | 9.09% | -9.36% | |
47 Neutral | £781.10M | 11.65 | 5.16% | ― | -29.12% | 964.19% | |
46 Neutral | £589.23M | -2.93 | -9.28% | ― | -15.79% | -211.91% |
* Financial Sector Average
GB:MTRO
Metro Bank
116.00
22.80
24.46%
GB:CBG
Close Brothers Group
394.80
64.00
19.35%
GB:ARBB
Arbuthnot Banking
877.50
18.18
2.12%
GB:LLOY
Lloyds Banking
92.32
21.86
31.02%
GB:PAG
Paragon Banking Group PLC
732.50
-8.67
-1.17%
GB:STB
Secure Trust Bank
1,220.00
648.20
113.36%
Metro Bank Corporate Events
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Metro Bank CFO and Family Boost Stakes as New Performance-Linked Award Granted
Positive
Mar 5, 2026
Metro Bank Holdings has disclosed a series of insider share purchases involving chief financial officer Marc Page and his closely associated persons, who together acquired just over 200,000 ordinary shares on 4 March on the London Stock Exchange. ...
Regulatory Filings and Compliance
Metro Bank updates total voting rights after new share admissions
Neutral
Mar 2, 2026
Metro Bank Holdings PLC has confirmed that, as of 28 February 2026, it has 673,363,591 ordinary shares in issue, all carrying voting rights, with no shares held in treasury. This total includes shares recently admitted to trading under employee sh...
Regulatory Filings and Compliance
Metro Bank discloses routine insider share sales to cover account fees
Neutral
Feb 27, 2026
Metro Bank Holdings plc has disclosed a series of small share transactions involving senior executives, in line with regulatory requirements for reporting dealings by persons discharging managerial responsibilities. The trades, conducted on the Lo...
Regulatory Filings and Compliance
Metro Bank Confirms Total Voting Rights and Share Capital as of 31 January 2026
Neutral
Feb 2, 2026
Metro Bank Holdings PLC has confirmed that, as of 31 January 2026, it has 673,294,094 ordinary shares in issue, each carrying voting rights, and holds no shares in treasury. This updated share count provides the denominator shareholders must use t...
Regulatory Filings and Compliance
Metro Bank Confirms Total Voting Rights and Share Capital
Neutral
Jan 2, 2026
Metro Bank Holdings PLC has confirmed that as of 31 December 2025 it has 673,292,488 ordinary shares in issue, each carrying voting rights, and holds no shares in treasury. The disclosed share count establishes the denominator shareholders must us...
Other
Gilinski-Linked Spaldy Investments Buys 500,000 Shares in Metro Bank
Positive
Dec 24, 2025
Metro Bank Holdings plc has disclosed a share purchase by Spaldy Investments Limited, a company wholly owned by businessman Jaime Gilinski Bacal, who is closely associated with a shareholder-nominated non-executive director of the bank. Spaldy Inv...
Business Operations and StrategyRegulatory Filings and Compliance
Metro Bank Reclassified as Transfer Firm Under MREL Regime
Positive
Dec 19, 2025
Metro Bank has received formal confirmation from the Bank of England that it will be reclassified as a transfer firm under the UK’s Minimum Requirement for Own Funds and Eligible Liabilities (MREL) regime from 1 January 2026, aligning its MR...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.