Metropolitan Bank Holding Corp. (MCB) financial statements: income statement, balance sheet and cash flow
Metropolitan Bank Holding Corp.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Metropolitan Bank Holding Corp. reported net income of $101.5M (+4.6% year on year).
Income statement
Metropolitan Bank Holding Corp. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Loans, including fees
$480.5M
$429.7M
$345.0M
$231.9M
Securities
$23.6M
$21.4M
$18.5M
—
Overnight deposits
$9.3M
$15.0M
$9.3M
$12.3M
Other interest and dividends
$1.8M
$2.2M
$2.5M
$939.0K
Total interest income
$515.3M
$468.4M
$375.4M
$260.7M
Deposits
$198.8M
$198.0M
$128.7M
$29.3M
Borrowed funds
$11.9M
$15.8M
$22.4M
$893.0K
Trust preferred securities
$1.3M
$1.5M
$1.5M
$799.0K
Total interest expense
$212.0M
$215.3M
$152.6M
$31.6M
Net interest income
$303.2M
$253.1M
$222.8M
$229.2M
Provision for credit losses
$37.6M
$6.3M
$12.3M
—
Net interest income after provision for credit losses
$265.6M
$246.8M
$210.6M
$219.0M
Non-interest income
$11.1M
$23.9M
$27.9M
$26.9M
Other income
$3.5M
$2.2M
$2.8M
$1.5M
Total non-interest income
$11.9M
$23.8M
$27.9M
$26.6M
Compensation and benefits
$84.0M
$77.9M
$67.0M
$57.3M
Bank premises and equipment
$10.3M
$9.7M
$9.3M
$8.9M
Professional fees
$14.9M
$21.3M
$18.1M
$14.4M
Technology costs
$17.1M
$11.0M
$4.9M
$4.7M
Deposit related program fees
$24.0M
—
—
—
FDIC assessments
$9.5M
$11.8M
$9.1M
$4.6M
Other expenses
$16.0M
$19.4M
$15.9M
$13.4M
Total non-interest expense
$176.0M
$173.6M
$131.5M
$148.7M
Net income before income tax expense
$101.5M
$97.1M
$106.9M
$96.9M
Income tax expense
$30.4M
$30.4M
$29.6M
$37.5M
Net income
$71.1M
$66.7M
$77.3M
$59.4M
Basic earnings (in dollars per share)
$6.71
$5.97
$6.95
$5.42
Diluted earnings (in dollars per share)
$6.62
$5.93
$6.91
$5.29
Metropolitan Bank Holding Corp. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Loans, including fees
$125.6M
$122.6M
$123.5M
$118.8M
Securities
$7.9M
$6.7M
$6.0M
$5.8M
Overnight deposits
$7.0M
$5.3M
$2.0M
$2.1M
Other interest and dividends
$391.0K
$319.0K
$437.0K
$416.0K
Total interest income
$140.9M
$134.9M
$132.0M
$127.0M
Deposits
$50.2M
$48.7M
$51.2M
$49.8M
Trust preferred securities
$296.0K
$293.0K
$333.0K
$326.0K
Total interest expense
$50.5M
$49.0M
$54.7M
$53.4M
Net interest income
$90.4M
$85.9M
$77.3M
$73.6M
Provision for credit losses
$13.3M
($2.3M)
$23.9M
$6.4M
Net interest income after provision for credit losses
$77.1M
$88.2M
$53.4M
$67.3M
Non-interest income
$2.6M
$2.6M
$2.5M
$2.6M
Other income
$333.0K
$307.0K
$480.0K
$492.0K
Total non-interest income
$2.6M
$2.6M
$2.5M
$2.6M
Compensation and benefits
$25.4M
$24.1M
$21.7M
$20.3M
Bank premises and equipment
$3.5M
$2.7M
$2.7M
$2.5M
Professional fees
$4.6M
$3.2M
$3.5M
$3.6M
Technology costs
$4.7M
$4.2M
$5.3M
$3.7M
Deposit related program fees
$6.9M
$6.8M
—
—
FDIC assessments
$1.3M
$1.9M
$2.0M
$3.0M
Other expenses
$5.5M
$3.4M
$6.3M
$6.6M
Total non-interest expense
$51.8M
$46.4M
$45.8M
$43.1M
Net income before income tax expense
$27.9M
$44.4M
$10.2M
$26.8M
Income tax expense
$8.7M
$13.0M
$3.1M
$8.0M
Net income
$19.2M
$31.4M
$7.1M
$18.8M
Basic earnings (in dollars per share)
$1.55
$2.94
$0.68
$1.78
Diluted earnings (in dollars per share)
$1.54
$2.92
$0.67
$1.76
Balance sheet
Metropolitan Bank Holding Corp. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and due from banks
$12.1M
$13.1M
$32.0M
$26.8M
Overnight deposits
$381.5M
$187.2M
$237.5M
$230.6M
Total cash and cash equivalents
$393.6M
$200.3M
$269.5M
$257.4M
Investment securities available-for-sale, at fair value
$578.9M
$482.1M
$461.2M
$445.7M
Investment securities held-to-maturity (estimated fair value of $313.1 million and $366.7 million at December 31, 2025 and December 31, 2024, respectively)
$356.6M
$428.6M
$468.9M
—
Equity investment securities, at fair value
$5.6M
$5.1M
$2.1M
$2.0M
Total securities
$941.2M
$915.8M
$932.2M
$958.2M
Other investments
$20.6M
$30.6M
$39.0M
$22.1M
Loans, net of deferred fees and costs
$6.8B
$6.0B
$5.6B
$4.8B
Allowance for credit losses
($97.1M)
($63.3M)
($58.0M)
—
Net loans
$6.7B
$6.0B
$5.6B
$4.8B
Other assets
$187.2M
$183.3M
$172.6M
$148.3M
Total assets
$8.3B
$7.3B
$7.1B
$6.3B
Noninterest-bearing demand deposits
$1.5B
$1.3B
$1.8B
$2.4B
Interest-bearing deposits
$5.9B
$4.6B
$3.9B
$2.9B
Total deposits
$7.4B
$6.0B
$5.7B
$5.3B
Trust preferred securities
$20.6M
$20.6M
$20.6M
$20.6M
Secured and other borrowings
$11.0M
$7.4M
$7.6M
$7.7M
Other liabilities
$103.8M
$109.9M
$94.0M
$124.6M
Total liabilities
$7.5B
$6.6B
$6.4B
$5.7B
Common stock, $0.01 par value, 25,000,000 shares authorized, 11,300,191 and 11,197,625 shares issued; and 10,088,617 and 11,197,625 shares outstanding at December 31, 2025 and December 31, 2024, respectively
113.0K
112.0K
111.0K
109.0K
Additional paid in capital
$405.6M
$400.2M
$395.9M
$389.3M
Retained earnings
$450.6M
$382.7M
$316.0M
$240.8M
Accumulated other comprehensive income (loss), net of tax
($39.7M)
($53.1M)
($52.9M)
($54.3M)
Treasury stock, at cost, 1,211,574 and 0 shares at December 31, 2025 and December 31, 2024, respectively
-73.5M
—
—
—
Total stockholders' equity
$743.1M
$729.8M
$659.0M
$575.9M
Total liabilities and stockholders' equity
$8.3B
$7.3B
$7.1B
$6.3B
Metropolitan Bank Holding Corp. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and due from banks
$10.3M
$12.0M
$13.1M
$13.6M
Overnight deposits
$229.0M
$660.4M
$372.8M
$138.9M
Total cash and cash equivalents
$239.3M
$672.4M
$385.9M
$152.5M
Investment securities available-for-sale, at fair value
$667.8M
$649.7M
$552.4M
$551.0M
Investment securities held-to-maturity (estimated fair value of $369.5 million and $313.1 million at June 30, 2026 and December 31, 2025, respectively)
$415.0M
$347.9M
$376.4M
$387.9M
Equity investment securities, at fair value
$5.6M
$5.6M
$5.5M
$5.3M
Total securities
$1.1B
$1.0B
$934.4M
$944.2M
Other investments
$27.8M
$20.7M
$27.3M
$27.3M
Loans, net of deferred fees and costs
$7.3B
$7.0B
$6.8B
$6.6B
Allowance for credit losses
($62.0M)
($82.1M)
($94.2M)
($74.1M)
Net loans
$7.3B
$7.0B
$6.7B
$6.5B
Other assets
$236.3M
$183.3M
$199.3M
$191.2M
Total assets
$8.9B
$8.8B
$8.2B
$7.9B
Noninterest-bearing demand deposits
$1.6B
$1.5B
$1.4B
$1.4B
Interest-bearing deposits
$6.1B
$6.2B
$5.7B
$5.4B
Total deposits
$7.7B
$7.7B
$7.1B
$6.8B
Federal Home Loan Bank of New York advances
$0
$0
$150.0M
$150.0M
Trust preferred securities
$20.6M
$20.6M
$20.6M
$20.6M
Secured and other borrowings
$15.9M
$16.0M
$17.4M
$17.4M
Other liabilities
$122.5M
$119.5M
$116.7M
$101.6M
Total liabilities
$7.9B
$7.9B
$7.5B
$7.1B
Common stock, $0.01 par value, 25,000,000 shares authorized, 13,614,067 and 11,300,191 shares issued; and 12,395,278 and 10,088,617 shares outstanding at June 30, 2026 and December 31, 2025, respectively
136.0K
136.0K
113.0K
113.0K
Additional paid in capital
$588.1M
$584.5M
$403.7M
$401.1M
Retained earnings
$495.0M
$479.2M
$423.3M
$417.8M
Accumulated other comprehensive income (loss), net of tax
($39.0M)
($39.2M)
($41.9M)
($45.5M)
Treasury stock, at cost, 1,218,789 and 1,211,574 shares at June 30, 2026 and December 31, 2025, respectively
-76.1M
-76.3M
-53.3M
-50.5M
Total stockholders' equity
$968.2M
$948.3M
$732.0M
$723.0M
Total liabilities and stockholders' equity
$8.9B
$8.8B
$8.2B
$7.9B
Cash flow statement
Metropolitan Bank Holding Corp. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$71.1M
$66.7M
$77.3M
$59.4M
Net depreciation, amortization, and accretion
($11.1M)
($11.4M)
$2.9M
$4.3M
Provision for credit losses
$37.6M
$6.3M
$12.3M
—
Stock-based compensation
$8.9M
$8.9M
$9.8M
$7.8M
Other, net
($1.2M)
($3.0M)
—
—
Deferred income tax (benefit) expense
($9.3M)
($2.8M)
($2.8M)
($4.0M)
Other assets
($4.0M)
($4.1M)
($30.0M)
$3.4M
Other liabilities
($3.5M)
$10.4M
($28.7M)
$43.2M
Net cash provided by (used in) operating activities
$88.7M
$148.5M
$42.4M
$85.9M
Loan originations and payments, net
($765.8M)
($395.4M)
($789.7M)
($1.1B)
Redemptions of FRB and FHLB Stock
$36.6M
$48.3M
$152.4M
$20.0M
Purchases of FRB and FHLB Stock
($26.6M)
($40.0M)
($169.3M)
($30.1M)
Purchase of securities available-for-sale
($199.1M)
($72.8M)
($46.8M)
($33.8M)
Proceeds from sales and calls of securities available-for-sale
$18.4M
—
—
—
Proceeds from paydowns and maturities of securities available-for-sale
$108.4M
$53.2M
$42.3M
$76.7M
Proceeds from paydowns and maturities of securities held-to-maturity
$71.4M
$39.7M
$66.0M
$44.6M
Purchase of premises and equipment
($6.3M)
($2.6M)
($5.7M)
($19.2M)
Net cash provided by (used in) investing activities
($763.0M)
($369.6M)
($775.4M)
($1.2B)
Proceeds from (repayments of) federal funds purchased, net
($210.0M)
$111.0M
—
—
Proceeds from (repayments of) FHLB advances, net
($240.0M)
($200.0M)
$340.0M
—
Redemption of common stock for tax withholdings for restricted stock vesting
($3.6M)
($4.6M)
($3.2M)
($1.6M)
Proceeds from (repayments of) secured borrowings, net
$3.5M
($144.0K)
($140.0K)
($24.7M)
Net increase (decrease) in deposits
$1.4B
$245.7M
$459.4M
($1.2B)
Purchase of treasury stock
($73.5M)
—
—
—
Cash dividend paid
($3.1M)
—
—
—
Net cash provided by (used in) financing activities
$867.6M
$152.0M
$745.1M
($958.5M)
Increase (decrease) in cash and cash equivalents
$193.3M
($69.2M)
$12.0M
($2.1B)
Cash and cash equivalents at the beginning of the period
$200.3M
$269.5M
$257.4M
$2.4B
Cash and cash equivalents at the end of the period
$393.6M
$200.3M
$269.5M
$257.4M
Interest
$212.2M
$215.4M
$151.4M
$31.6M
Income Taxes
$25.9M
$34.8M
$36.2M
$35.3M
Metropolitan Bank Holding Corp. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$50.6M
$31.4M
$42.2M
$35.1M
Net depreciation, amortization, and accretion
($4.7M)
($3.1M)
($8.8M)
($3.4M)
Provision for credit losses
$11.0M
($2.3M)
$34.7M
$10.9M
Stock-based compensation
$7.4M
$3.2M
$7.1M
$4.4M
Other, net
($37.0K)
($16.0K)
($439.0K)
($167.0K)
Other assets
($22.1M)
$9.3M
($25.8M)
($13.8M)
Other liabilities
$2.1M
$16.4M
$9.0M
($6.8M)
Net cash provided by (used in) operating activities
$44.3M
$55.0M
$57.9M
$26.1M
Loan originations and payments, net
($563.8M)
($244.9M)
($740.4M)
($574.5M)
Proceeds from the sale of loans
$4.7M
—
—
—
Redemptions of FRB and FHLB Stock
$8.0K
$8.0K
$29.8M
$24.2M
Purchases of FRB and FHLB Stock
($7.1M)
($101.0K)
($26.5M)
($20.9M)
Purchase of securities available-for-sale
($153.5M)
($109.0M)
($125.9M)
($85.1M)
Purchase of securities held to maturity
($77.2M)
—
—
—
Proceeds from paydowns and maturities of securities available-for-sale
$58.2M
$34.2M
$76.0M
$30.8M
Proceeds from paydowns and maturities of securities held-to-maturity
$18.5M
$8.6M
$51.7M
$40.4M
Purchase of premises and equipment
($3.9M)
($2.7M)
($3.4M)
($3.1M)
Net cash provided by (used in) investing activities
($724.2M)
($313.8M)
($738.6M)
($588.1M)
Proceeds from issuance of common stock, net
$186.5M
$186.5M
—
—
Redemption of common stock for tax withholdings for restricted stock vesting
($4.9M)
($4.6M)
($3.5M)
($3.5M)
Proceeds from (repayments of) secured borrowings, net
$5.0M
$5.0M
$9.9M
$9.9M
Net increase (decrease) in deposits
$354.3M
$362.5M
$1.1B
$808.3M
Purchase of treasury stock
($9.9M)
($9.9M)
($53.3M)
($50.5M)
Cash dividend paid
($5.4M)
($2.0M)
($1.6M)
—
Net cash provided by (used in) financing activities
$525.6M
$537.6M
$866.3M
$514.2M
Increase (decrease) in cash and cash equivalents
($154.3M)
$278.8M
$185.7M
($47.8M)
Cash and cash equivalents at the beginning of the period
$393.6M
$393.6M
$200.3M
$200.3M
Cash and cash equivalents at the end of the period