Metropolitan Bank Holding Corp. reported Q1 2026 net income of $31.4 million, or $2.92 diluted EPS, up from $16.4 million in Q1 2025. The company completed a follow-on equity offering of approximately 2.3 million shares at $85.00 per share, generating net proceeds of approximately $186.8 million. The board declared a quarterly cash dividend of $0.25 per share, an increase of $0.05 from the prior quarter. Total loans were $7.0 billion and total deposits were $7.7 billion at March 31, 2026. The bank maintains total risk-based capital ratios of 14.3% (Bank) and 14.6% (Company), well above regulatory minimums, and remains 'well capitalized' under all applicable regulatory guidelines.
