Metropolitan Bank Holding (MCB)
NYSE:MCB
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Metropolitan Bank Holding
(NYSE:MCB)
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Rating:74Outperform
Price Target:
$99.00
â–²(11.21% Upside)
Action:ReiteratedDate:04/30/26
The score is driven primarily by solid financial performance (growth and improved leverage, tempered by margin compression and weaker 2025 free cash flow) and supportive technical trends. A low P/E strengthens the valuation outlook, while the earnings call added a positive tilt via reiterated growth/NIM guidance and pipeline strength, partially offset by credit and expense headwinds.
Positive Factors
Multi-year revenue & earnings growth
Sustained multi-year revenue and net income growth indicates the bank's relationship-driven commercial lending model is expanding market share. Durable earnings growth supports reinvestment in lending capacity and operations, underpinning 2-6 month outlooks for continued loan and fee momentum.
Negative Factors
Margin compression & FCF volatility
Margins have narrowed from peak levels, and a sharp 2025 free cash flow decline versus 2024 highlights uneven cash conversion. Persistently tighter margins or continued FCF volatility would constrain capital allocation flexibility and undermine long-term earnings quality.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue & earnings growth
Sustained multi-year revenue and net income growth indicates the bank's relationship-driven commercial lending model is expanding market share. Durable earnings growth supports reinvestment in lending capacity and operations, underpinning 2-6 month outlooks for continued loan and fee momentum.
Read all positive factors
Metropolitan Bank Holding (MCB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.11B
Dividend Yield0.38%
Average Volume (3M)85.05K
Price to Earnings (P/E)7.1
Beta (1Y)1.03
Revenue Growth9.48%
EPS Growth37.91%
CountryUS
Employees291
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)2.92
Shares Outstanding12,506,569
10 Day Avg. Volume92,841
30 Day Avg. Volume85,050
Financial Highlights & Ratios
PEG Ratio0.90
Price to Book (P/B)1.09
Price to Sales (P/S)1.53
P/FCF Ratio9.82
Enterprise Value/Market Cap0.86
Enterprise Value/Revenue1.81
Enterprise Value/Gross Profit3.43
Enterprise Value/Ebitda10.06
Forecast
1Y Price Target
$103.00Price Target Upside15.70% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)10.04
Revenue Forecast (FY)$377.77M
Metropolitan Bank Holding Business Overview & Revenue Model
Company Description
Metropolitan Bank Holding Corp. operates as the bank holding company for Metropolitan Commercial Bank that provides a range of business, commercial, and retail banking products and services to small businesses, middle-market enterprises, public en...
How the Company Makes Money
Metropolitan Bank Holding primarily makes money through (1) net interest income and (2) non-interest (fee) income. Net interest income is generated by earning interest on loans and other interest-earning assets and paying interest on deposits and ...
Metropolitan Bank Holding Earnings Call Summary
Earnings Call Date:Apr 21, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 16, 2026
Earnings Call Sentiment Positive
The call emphasized strong underlying performance and growth momentum: high profitability (ROATCE 15.6%), a successful capital raise, robust loan pipeline (> $1.2B with > $700M in signed term sheets), and accelerating deposit growth (~$363M, +5%). Management provided constructive near-term NIM guidance (normalized Q1 NIM ~4.12% with an expectation to reach 4.15%–4.20%) and reiterated a $1B loan growth target for 2026. Key strategic initiatives (iGaming payments and HUD) moved into integration and testing, expected to contribute materially in the back half of the year. Offsetting these positives were three Q1 charge-offs totaling $12.3M and an allowance reduction, a modest QoQ decline in reported NIM, elevated cash balances that depress near-term NIM until deployed, compensation-driven expense increases and a delay in digital transformation that shifts ~$2M of costs into Q2. Overall, the positives (growth, capital, pipeline, and strategic progress) outweigh the transitory and manageable negatives.Positive Updates
Strong Profitability (ROATCE)
Reported return on average tangible common equity (ROATCE) of 15.6%, highlighted as an impressive print by management.
Negative Updates
Quarterly Charge-Offs and Allowance Changes
Three charge-offs totaling $12.3 million drove a reduction in the allowance; although a $2.6 million provision release and methodological enhancements contributed to the change, charge-offs reflect credit losses in the quarter.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Profitability (ROATCE)
Reported return on average tangible common equity (ROATCE) of 15.6%, highlighted as an impressive print by management.
Read all positive updates
Company Guidance
The company reiterated 2026 guidance calling for roughly $1.0 billion of net loan growth and at least 20% net interest income growth, with NIM expected to rise toward 4.15%–4.20% over the year (management notes each 25 bp Fed funds cut historically drives ~5 bp of NIM, but they have removed rate‑cut assumptions from the 2026 model). Key Q1 metrics included loan growth of about $235M, total originations/draws of ~$524M at a weighted average coupon net of fees of ~7.24%, payoffs/paydowns of ~$287M at a WAC of ~7.37%, a loan pipeline >$1.2B (signed term sheets >$700M), and deposits up ~$363M (~5%) with cost of deposits down 15 bps. The bank reported ROATCE of 15.6%, carried elevated cash (average ~ $600M vs. a normal target ~ $200M) that management expects to work down as loans grow, Q1 NIM of 4.08% (normalized to ~4.12% after adjustments), ACL activity including $12.3M of charge‑offs and a $2.6M provision release (with expected recoveries of ~$7M–$8M), Q1 noninterest expense of $46.4M (+$2M QoQ) and digital/project costs of ~$1M in Q1 (about $2M penciled into Q2), and an operating expense outlook they continue to support at roughly $189M–$191M for the year; management also reiterated the intent to fund 2026 loan growth with deposits and expects HUD and iGaming initiatives to become meaningful contributors to deposit and fee income in the back half of the year.Metropolitan Bank Holding Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
71
Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 527.15M | 492.21M | 403.31M | 287.33M | 196.98M |
| Gross Profit | 277.51M | 270.66M | 238.46M | 245.63M | 176.88M |
| EBITDA | 101.51M | 85.67M | 114.06M | 106.61M | 94.63M |
| Net Income | 71.10M | 66.69M | 77.27M | 59.42M | 60.55M |
Balance Sheet | |||||
| Total Assets | 8.26B | 7.30B | 7.07B | 6.27B | 7.12B |
| Cash, Cash Equivalents and Short-Term Investments | 591.02M | 267.16M | 269.46M | 257.42M | 2.93B |
| Total Debt | 80.93M | 457.44M | 546.59M | 257.73M | 57.17M |
| Total Liabilities | 7.51B | 6.57B | 6.41B | 5.69B | 6.56B |
| Stockholders Equity | 743.11M | 729.83M | 659.02M | 575.90M | 556.99M |
Cash Flow | |||||
| Free Cash Flow | 82.42M | 145.83M | 36.68M | 66.65M | 33.28M |
| Operating Cash Flow | 88.68M | 148.46M | 42.43M | 85.89M | 37.28M |
| Investing Cash Flow | -762.96M | -369.61M | -775.45M | -1.23B | -1.30B |
| Financing Cash Flow | 867.60M | 151.96M | 745.07M | -958.47M | 2.76B |
Metropolitan Bank Holding Technical Analysis
Positive
89.02
Price Trends
86.35
Positive
83.80
Positive
78.63
Positive
Market Momentum
1.55
Negative
60.85
Neutral
67.74
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MCB, the sentiment is Positive. The current price of 89.02 is above the 20-day moving average (MA) of 85.29, above the 50-day MA of 86.35, and above the 200-day MA of 78.63, indicating a bullish trend. The MACD of 1.55 indicates Negative momentum. The RSI at 60.85 is Neutral, neither overbought nor oversold. The STOCH value of 67.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MCB.
Metropolitan Bank Holding Risk Analysis
Metropolitan Bank Holding disclosed 37 risk factors in its most recent earnings report. Metropolitan Bank Holding reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Metropolitan Bank Holding Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $1.21B | 11.49 | 13.37% | 1.70% | 6.23% | 2.16% | |
75 Outperform | $1.02B | 19.79 | 10.87% | 3.21% | 4.14% | -9.04% | |
74 Outperform | $1.11B | 7.07 | 10.95% | 0.38% | 9.48% | 37.91% | |
74 Outperform | $903.60M | 10.73 | 13.43% | 3.39% | 6.06% | 45.81% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
63 Neutral | $917.46M | 8.07 | -20.89% | 3.50% | -71.39% | -406.48% | |
60 Neutral | $950.94M | 12.46 | 3.40% | 1.34% | 0.80% | -67.72% |
* Financial Sector Average
MCB
Metropolitan Bank Holding
88.70
27.18
44.17%
CPF
Central Pacific Financial
34.18
9.41
38.01%
HBNC
Horizon Bancorp
17.91
3.79
26.86%
EQBK
Equity Bancshares
45.30
7.43
19.61%
AMAL
Amalgamated Bank
40.37
12.74
46.11%
HBT
HBT Financial
27.98
5.58
24.91%
Metropolitan Bank Holding Corporate Events
Executive/Board ChangesShareholder Meetings
Metropolitan Bank Stockholders Approve Proposals at Annual Meeting
Positive
Apr 29, 2026
On April 29, 2026, Metropolitan Bank Holding Corp. held its Annual Meeting of Stockholders, with approximately 85% of outstanding shares represented in person or by proxy. Stockholders elected four directors, Anthony J. Fabiano, Robert C. Patent, ...
Business Operations and StrategyDividendsFinancial DisclosuresPrivate Placements and Financing
Metropolitan Bank Holding Posts Strong Q1 2026 Results
Positive
Apr 21, 2026
Metropolitan Bank Holding Corp. reported strong first-quarter 2026 results on April 21, 2026, with net income rising to $31.4 million and diluted EPS increasing to $2.92, up from both the prior quarter and prior-year period. Net interest income cl...
DividendsFinancial Disclosures
Metropolitan Bank Holding Increases Quarterly Cash Dividend Payout
Positive
Apr 20, 2026
On April 20, 2026, Metropolitan Bank Holding Corp.’s board of directors declared a quarterly cash dividend of $0.25 per share on its common stock, up from the prior $0.20 per share. The dividend will be paid on May 12, 2026 to shareholders o...
Business Operations and StrategyPrivate Placements and Financing
Metropolitan Bank Expands Equity Offering to Strengthen Capital
Positive
Mar 16, 2026
On March 12, 2026, the underwriters of Metropolitan Bank Holding Corp.’s recent common stock offering exercised a portion of their 30-day overallotment option to purchase an additional 213,395 shares. The company completed the issuance and s...
Business Operations and StrategyFinancial Disclosures
Metropolitan Bank Highlights Tech-Driven Growth at 2026 Investor Day
Positive
Mar 2, 2026
Metropolitan Bank Holding Corp. held its 2026 Investor Day on March 3, 2026, outlining its focus on commercial lending, including skilled nursing and residential healthcare, diverse deposit verticals such as EB-5 investment solutions, and its tech...
Business Operations and StrategyPrivate Placements and Financing
Metropolitan Bank Holding Launches Common Stock Offering
Positive
Feb 26, 2026
On February 25, 2026, Metropolitan Bank Holding Corp. entered into an underwriting agreement with UBS Securities and Hovde Group for a registered public offering of 2,100,000 shares of common stock at $85.00 per share, with a 30-day option for und...
Business Operations and StrategyPrivate Placements and Financing
Metropolitan Bank Highlights Growth Strategy and Equity Raise
Positive
Feb 25, 2026
Metropolitan Bank Holding Corp., a relationship-based commercial bank with specialized strengths in commercial real estate and commercial and industrial lending, has evolved from a small startup in 1999 into a scaled platform with more than $1.5 b...
Business Operations and StrategyPrivate Placements and Financing
Metropolitan Bank Holding Launches Major Common Stock Offering
Positive
Feb 25, 2026
On February 25, 2026, Metropolitan Bank Holding Corp. announced it had launched an underwritten public offering of $175 million of common stock, with an expected 30-day option for underwriters to buy up to 15% additional shares. The size, timing a...
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.