Form 8-K

8-K — Metropolitan Bank Holding Corp.

Accession: 0001104659-26-046066

Filed: 2026-04-21

Period: 2026-04-21

CIK: 0001476034

SIC: 6022 (STATE COMMERCIAL BANKS)

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — mcb-20260421x8k.htm (Primary)

EX-99.1 (mcb-20260421xex99d1.htm)

EX-99.2 (mcb-20260421xex99d2.htm)

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8-K

8-K (Primary)

Filename: mcb-20260421x8k.htm · Sequence: 1

METROPOLITAN BANK HOLDING CORP._April 21, 2026

0001476034false00014760342026-04-212026-04-21

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): April 21, 2026

METROPOLITAN BANK HOLDING CORP.

(Exact Name of Registrant as Specified in Its Charter)

New York

001-38282

13-4042724

(State or Other Jurisdiction of Incorporation or Organization)

(Commission File No.)

(I.R.S. Employer Identification No.)

99 Park Avenue, New York, New York

10016

(Address of Principal Executive Offices)

(Zip Code)

(212) 659-0600

(Registrant’s Telephone Number, Including Area Code)

N/A

(Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (See General Instruction A.2. below):

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4c)

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.01 per share

MCB

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02Results of Operations and Financial Condition

On April 21, 2026, Metropolitan Bank Holding Corp. (the “Company”), the holding company for Metropolitan Commercial Bank (the “Bank”), issued a press release announcing its financial results for the first quarter of 2026. The press release containing the financial results is attached hereto as Exhibit 99.1 and shall not be deemed “filed” for any purpose, nor shall the information or Exhibit 99.1 be deemed incorporated by reference in any filings under the Securities Act of 1933, as amended.

Item 7.01Regulation FD Disclosure

The Company has also made available on its website presentation materials containing additional information about the Company’s financial results for the first quarter of 2026 (the “Presentation Materials”). The Presentation Materials are furnished herewith as Exhibit 99.2 and is incorporated by reference in this Item 7.01.

The information provided in Item 7.01 of this report, including Exhibit 99.2, shall not be deemed “filed” for any purpose, nor shall the information or Exhibit 99.2 be deemed incorporated by reference in any filings under the Securities Act of 1933, as amended.

Item 9.01.Financial Statements and Exhibits

(d) Exhibits.

Exhibit No.

Description

99.1

Press Release dated April 21, 2026

99.2

Presentation Materials

104

Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

METROPOLITAN BANK HOLDING CORP.

Dated: April 21, 2026By:/s/ Daniel F. Dougherty

Daniel F. Dougherty

Executive Vice President and

Chief Financial Officer

EX-99.1

Filename: mcb-20260421xex99d1.htm · Sequence: 2

Exhibit 99.1

Release:

4:05 P.M. April 21, 2026

212-365-6721

IR@MCBankNY.com

Metropolitan Bank Holding Corp. Reports First Quarter 2026 Results

Strong Financial Performance and Successful Follow on Equity offering Highlight First Quarter Results

Financial Highlights

●Diluted earnings per share of $2.92 for the first quarter of 2026, compared to $2.77 for the prior linked quarter and $1.45 for the prior year period.

●Net interest income for the first quarter of 2026 was $85.9 million, an increase of $19.0 million or 28.3%, compared to the prior year period.

●The net interest margin for the first quarter of 2026 was 4.08%, an increase of 40 basis points compared to 3.68% for the prior year period.

●Annualized return on average equity (“ROAE”) of 15.4% and annualized return on average tangible common equity1 (“ROATCE”) of 15.6% for the first quarter of 2026.

●The Company completed a public equity offering of approximately 2.3 million shares of common stock at a price of $85.00 per share, resulting in proceeds, net of underwriting discounts and commissions of approximately $186.8 million.

●On April 20, 2026, the board of directors declared a quarterly cash dividend of $0.25 per share on the Company’s common stock, an increase of $0.05 from the prior quarterly dividend of $0.20 per share.

●Total loans at March 31, 2026 were $7.0 billion, an increase of $236.3 million, or 3.5%, from December 31, 2025 and $704.4 million, or 11.1%, from March 31, 2025.

●Total deposits at March 31, 2026 were $7.7 billion, an increase of $362.5 million, or 4.9%, from December 31, 2025 and $1.3 billion, or 20.0%, from March 31, 2025.

●The Company and Bank have total risk-based capital ratios of 14.6% and 14.3%, respectively, at March 31, 2026, well above regulatory minimums. The Bank is “well capitalized” under all applicable regulatory guidelines.

1 Non-GAAP financial measure. See Reconciliation of Non-GAAP Measures on page 11.

NEW YORK, April 21, 2026 ‒ Metropolitan Bank Holding Corp. (the “Company”) (NYSE: MCB), the holding company for Metropolitan Commercial Bank (the “Bank”), reported net income of $31.4 million, or $2.92 per diluted common share, for the first quarter of 2026 compared to $28.9 million, or $2.77 per diluted common share, for the fourth quarter of 2025 and $16.4 million, or $1.45 per diluted common share, for the first quarter of 2025.

Mark DeFazio, President and Chief Executive Officer, commented,

“Our first quarter results reflect the continued strength and momentum of our business model. Driven by disciplined balance sheet management and continued growth across our core client base, we delivered diluted earnings per share of $2.92, strong core margin expansion, and solid returns on equity. Net interest income increased more than 28% year over year, reflecting disciplined loan pricing, funding mix optimization, and consistent execution in a dynamic interest-rate environment.

Loan and deposit growth was robust during the quarter, highlighting the durability of our franchise and the deepened relationships we continue to build with our clients. Total loans increased to $7.0 billion, while deposits grew to $7.7 billion, demonstrating our ability to grow prudently with core funding while maintaining strong credit discipline.

We also strengthened our capital position with the successful completion of our follow-on public equity offering. Our robust capital position provides us with the ability to support significant future growth while enhancing the strength of our balance sheet. In addition, the Board’s decision to increase the quarterly dividend underscores our confidence in the Company’s earnings power and long-term outlook.

We enter the remainder of 2026 well positioned, with strong capital levels, a proven operating model, and a clear strategic focus on delivering sustainable growth and long-term value for our shareholders.”

Balance Sheet

Total loans, net of deferred fees and unamortized costs, were $7.0 billion at March 31, 2026, an increase of $236.3 million, or 3.5%, from December 31, 2025, and an increase of $704.4 million, or 11.1%, from March 31, 2025. Loan production was $428.3 million for the first quarter of 2026 compared to $510.9 million for the prior linked quarter and $409.8 million for the prior year period. The increase in total loans from December 31, 2025 was due primarily to an increase of $233.1 million in commercial real estate (“CRE”) loans (including owner-occupied). The increase in total loans from March 31, 2025 was due primarily to an increase of $840.3 million in CRE loans (including owner-occupied), partially offset by a decrease of $143.5 million in commercial and industrial loans.

Total deposits were $7.7 billion at March 31, 2026, an increase of $362.5 million, or 4.9%, from December 31, 2025, and an increase of $1.3 billion, or 20.0%, from March 31, 2025. Deposit growth for the quarter was broadly distributed across the Bank’s various deposit verticals.

The Company raised approximately $196.6 million of capital through the issuance of approximately 2.3 million shares of its common stock at a public offering price of $85.00 per share. The Company plans to use the proceeds from the offering, which, net of underwriting discounts and commissions, amounts to approximately $186.8 million, to support its organic growth initiatives, investments in the Bank, working capital for ongoing operations, and general corporate purposes.

The Bank’s liquidity position remains robust. At March 31, 2026, cash on deposit with the Federal Reserve Bank of New York and available secured funding capacity totaled $3.7 billion, which represented 200% of our estimated uninsured deposits. Total cash and cash equivalents were $672.4 million at March 31, 2026.

The Company and Bank have total risk-based capital ratios well above regulatory minimums. The Bank is “well capitalized” under all applicable regulatory guidelines. Total non-owner-occupied CRE loans were 299.5% of total risk-based capital at March 31, 2026, compared to 376.5% and 367.0% at December 31, 2025 and March 31, 2025, respectively. The CRE loan concentration ratio declined from December 31, 2025 primarily owing to the completion of the Company’s public equity offering of common stock in the first quarter of 2026.

Income Statement

Financial Highlights

Three months ended

Mar. 31,

Dec. 31,

Mar. 31,

(dollars in thousands, except per share data)

2026

2025

Total revenues(1)

88,490

88,408

70,590

Net income (loss)

31,426

28,857

16,354

Diluted earnings (loss) per common share

2.92

2.77

1.45

Return on average assets(2)

1.49

1.38

0.89

Return on average equity(2)

15.4

15.6

9.0

Return on average tangible common equity(2), (3)

15.6

15.8

9.1

(1)

Total revenues equal net interest income plus non-interest income.

(2)

Ratios are annualized.

(3)

Determined by dividing net income by average tangible common equity. Return on average tangible common equity is a Non-GAAP financial measure. See Reconciliation of Non-GAAP Measures on page 11.

Net Interest Income

Net interest income for the first quarter of 2026 was $85.9 million compared to $85.3 million for the prior linked quarter and $67.0 million for the prior year period. The modest increase in net interest income from the prior linked quarter was primarily due to elevated loan payoffs at the end of December 2025, that were offset by $428.3 million of new loan originations made during the first quarter. The $19.0 million increase from the prior year period was due primarily to an increase in the average balance of loans and overnight deposits and a decrease in the cost of funds, partially offset by an increase in the average balance of interest-bearing deposits.

Net Interest Margin

Net interest margin for the first quarter of 2026 was 4.08% compared to 4.10% and 3.68% for the prior linked quarter and prior year period, respectively. The total cost of funds for the first quarter of 2026 was 261 basis points compared to 279 basis points and 319 basis points for the prior linked quarter and prior year period, respectively. The decrease from the prior linked quarter and from the prior year period primarily reflects the decline in short-term interest rates.

Non-Interest Income

Non-interest income was $2.6 million for the first quarter of 2026, a decrease of $502,000 from the prior linked quarter and a decrease of $1.1 million from the prior year period. The decrease from the prior linked quarter was due primarily to a $674,000 gain on the sale of securities in the fourth quarter of 2025. The decrease from the prior year period was driven primarily by the absence of one-time non-refundable program fees of $822,000 reflected in the prior year period.

Non-Interest Expense

Non-interest expense was $46.4 million for the first quarter of 2026, an increase of $2.0 million from the prior linked quarter and an increase of $3.7 million from the prior year period. The increase from the prior linked quarter was primarily due to an increase of $3.8 million in compensation and benefits, partially offset by a $1.8 million decrease in technology costs. The $3.7 million increase from the prior year period was due primarily to a $2.6 million increase in deposit related program fees, $2.4 million increase in compensation and benefits and $2.0 million increase in technology costs, partially offset by a $1.8 million decrease in professional fees and a $1.1 million decrease in the Federal Deposit Insurance Corporation (“FDIC”) assessment.

Income Tax Expense

The effective tax rate for the first quarter of 2026 was 29.2% compared to 29.9% for the prior linked quarter and 30.0% for the prior year period.

Asset Quality

The ratio of non-performing loans to total loans was 1.01% at March 31, 2026 and 1.28% at December 31, 2025 and 0.54% at March 31, 2025. The decrease in the non-performing loan ratio from the prior linked quarter primarily reflects the charge-off of three loans totaling $12.5 million. The increase in the non-performing loan ratio from the prior year period is primarily attributable to a single out-of-market CRE multi-family loan relationship that was classified as non-performing in the third quarter of 2025.

The allowance for credit losses was $82.1 million at March 31, 2026, a decrease of $15.0 million from December 31, 2025, and an increase of $14.3 million from March 31, 2025. The decrease from December 31, 2025 primarily reflects the aforementioned charge-offs, along with enhancements made to the Bank’s allowance for credit loss estimation process, and changes in the outlook for certain macroeconomic variables resulting in a net provision release of $2.6 million. The increase from March 31, 2025 was primarily due to a single out-of-market CRE multi-family loan relationship that was classified as non-performing in the third quarter of 2025 as well as loan growth, partially offset by the aforementioned charge-offs in the first quarter of 2026.

Conference Call

The Company will conduct a conference call at 9:00 a.m. ET on Wednesday, April 22, 2026, to discuss the results. To access the event by telephone, please dial 800-245-3047 (US), 203-518-9765 (INTL), and provide conference ID: MCBQ126 approximately 15 minutes prior to the start time (to allow time for registration).

The call will also be broadcast live over the Internet and accessible at MCB Quarterly Results Conference Call and in the Investor Relations section of the Company’s website at MCB News. To listen to the live webcast, please visit the site at least 15 minutes prior to the start time to register, download and install any necessary audio software.

For those unable to join for the live presentation, a replay of the webcast will also be available later that day accessible at MCB Quarterly Results Conference Call.

About Metropolitan Bank Holding Corp.

Metropolitan Bank Holding Corp. (NYSE: MCB) is the parent company of Metropolitan Commercial Bank (the “Bank”), a New York City based full-service commercial bank. The Bank provides a broad range of business, commercial and personal banking products and services to individuals, small businesses, private and public middle-market corporate enterprises and institutions, municipalities, and local government entities.

Metropolitan Commercial Bank was named one of Newsweek’s Best Regional Banks in 2024 and 2025. The Independent Community Bankers of America ranked the Bank as a top ten loan producer in 2024 among commercial banks with more than $1 billion in assets. Kroll affirmed a BBB+ (investment grade) deposit rating in January 2026. For the fourth time, MCB has earned a place in the Piper Sandler Bank Sm-All Stars Class of 2024.

The Bank is a New York State chartered commercial bank, a member of the Federal Reserve System and the Federal Deposit Insurance Corporation, and an equal housing lender. For more information, please visit the Bank’s website at MCBankNY.com.

Forward-Looking Statement Disclaimer

This release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Examples of forward-looking statements include but are not limited to the Company’s future financial condition and capital ratios, results of operations and the Company’s outlook, business, share repurchases under the share repurchase program, dividend payments and statements related to the completion of the public offering of common stock and the anticipated use of proceeds from the public offering of common stock. Forward-looking statements are not historical facts. Such statements may be identified by the use of such words as “may,” “believe,” “expect,” “anticipate,” “plan,” “continue” or similar terminology. These statements relate to future events or our future financial performance and involve risks and uncertainties that are difficult to predict and are generally beyond our control and may cause our actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we caution you not to place undue reliance on these forward-looking statements. Factors which may cause our forward-looking statements to be materially inaccurate include, but are not limited to the following: the interest rate policies of the Federal Reserve and other regulatory bodies; an unexpected deterioration in the performance of our loan or securities portfolios; changes in liquidity, including the size and composition of our deposit portfolio and the percentage of uninsured deposits in the portfolio; unexpected increases in our expenses; different than anticipated growth and our ability to manage our growth; global pandemics, or localized epidemics, could adversely affect the Company’s financial condition and results of operations; potential recessionary conditions, including the related effects on our borrowers and on our financial condition and results of operations; an unanticipated loss of key personnel or existing clients, or an inability to attract key employees; increases in competitive pressures among financial institutions or from non-financial institutions which may result in unanticipated changes in our loan or deposit rates; unanticipated increases in FDIC insurance premiums or future assessments; legislative, tax or regulatory changes or actions, which may adversely affect the Company’s business; impacts related to or resulting from regional and community bank failures and stresses to regional banks; changes in deposit flows, funding sources or loan demand, which may adversely affect the Company’s business; changes in accounting principles, policies or guidelines may cause the Company’s financial condition or results of operation to be reported or perceived differently; general economic conditions, including unemployment rates, either nationally or locally in some or all of the areas in which the Company does business, or conditions in the securities markets or the banking industry being less favorable than currently anticipated; inflation, which may lead to higher operating costs; declines in real estate values in the Company’s market area, which may adversely affect our loan production; an unexpected adverse financial, regulatory, legal or bankruptcy event experienced by our non-bank financial service clients or critical technology service providers; system failures or cybersecurity breaches of our information technology infrastructure and/or confidential information or those of the Company’s third-party service providers; emerging issues related to the development and use of artificial intelligence that could give rise to legal or regulatory action, damage our reputation or otherwise materially harm our business or clients; failure to maintain current technologies or technological changes that may be more difficult or expensive to implement than anticipated, and failure to successfully implement future information technology enhancements; the costs, including the possible incurrence of fines, penalties, or other negative effects (including reputational harm) of any adverse judicial, administrative, or arbitral rulings or proceedings, regulatory enforcement actions, or other legal actions to which we or any of our subsidiaries are a party, and which may adversely affect our results; the current or anticipated impact of military conflict, terrorism or other geopolitical events; the successful implementation or consummation of new business initiatives, which may be more difficult or expensive than anticipated; the timely and efficient development of new products and services offered by the Company or its strategic partners, as well as risks (including reputational and litigation) attendant thereto, and the perceived overall value and acceptance of these products and services by clients; changes in consumer spending, borrowing or savings habits; the risks associated with adverse changes to credit quality; an unexpected failure to successfully manage our credit risk and the sufficiency of our allowance for credit losses; credit and other risks from borrower and depositor concentrations (e.g., by geographic area and by industry); difficulties associated with achieving or predicting expected future financial results; and the potential impact on the Company’s operations and clients resulting from natural or man-made disasters, wars, acts of terrorism, cyberattacks and pandemics, as well as those discussed under the heading “Risk Factors” in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q which have been filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended. Forward-looking statements speak only as of the date of this release. We do not undertake (and expressly disclaim) any obligation to update or revise any forward-looking statement, except as may be required by law.

Consolidated Balance Sheet (unaudited)

Mar. 31,

Dec. 31,

Sept. 30,

Jun. 30,

Mar. 31,

(in thousands)

2026

2025

Assets

Cash and due from banks

12,034

12,086

13,109

13,577

18,572

Overnight deposits

660,359

381,501

372,827

138,876

177,891

Total cash and cash equivalents

672,393

393,587

385,936

152,453

196,463

Investment securities available-for-sale

649,719

578,932

552,441

551,029

523,542

Investment securities held-to-maturity

347,868

356,627

376,447

387,901

398,973

Equity investment securities, at fair value

5,625

5,609

5,548

5,276

5,221

Total securities

1,003,212

941,168

934,436

944,206

927,736

Other investments

20,725

20,632

27,330

27,297

27,062

Loans, net of deferred fees and unamortized costs

7,046,547

6,810,233

6,781,703

6,612,789

6,342,122

Allowance for credit losses

(82,071)

(97,081)

(94,239)

(74,071)

(67,803)

Net loans

6,964,476

6,713,152

6,687,464

6,538,718

6,274,319

Other assets

183,318

187,177

199,264

191,175

190,718

Total assets

8,844,124

8,255,716

8,234,430

7,853,849

7,616,298

Liabilities and Stockholders' Equity

Deposits

Non-interest-bearing demand deposits

1,539,553

1,479,420

1,382,345

1,427,439

1,384,524

Interest-bearing deposits

6,200,166

5,897,758

5,690,414

5,363,867

5,064,768

Total deposits

7,739,719

7,377,178

7,072,759

6,791,306

6,449,292

Federal funds purchased

—

125,000

50,000

125,000

Federal Home Loan Bank of New York advances

—

150,000

160,000

Trust preferred securities

20,620

Secured and other borrowings

15,975

10,975

17,355

17,366

17,403

Other liabilities

119,471

103,831

116,656

101,589

106,137

Total liabilities

7,895,785

7,512,604

7,502,390

7,130,881

6,878,452

Common stock

136

113

Additional paid in capital

584,524

405,565

403,708

401,055

398,823

Retained earnings

479,177

450,639

423,338

417,782

399,015

Accumulated other comprehensive gain (loss), net of tax effect

(39,233)

(39,739)

(41,852)

(45,455)

(47,170)

Treasury stock, at cost

(76,265)

(73,466)

(53,267)

(50,527)

(12,935)

Total stockholders’ equity

948,339

743,112

732,040

722,968

737,846

Total liabilities and stockholders’ equity

8,844,124

8,255,716

8,234,430

7,853,849

7,616,298

Consolidated Statement of Income (unaudited)

Three months ended

Mar. 31,

Dec. 31,

Mar. 31,

(dollars in thousands, except per share data)

2026

2025

Total interest income

134,932

137,465

118,770

Total interest expense

49,023

52,140

51,818

Net interest income

85,909

85,325

66,952

Provision for credit losses

(2,300)

2,846

4,506

Net interest income after provision for credit losses

88,209

82,479

62,446

Non-interest income

Service charges on deposit accounts

2,274

2,037

2,173

Other income

307

1,046

1,465

Total non-interest income

2,581

3,083

3,638

Non-interest expense

Compensation and benefits

24,148

20,361

21,739

Bank premises and equipment

2,729

2,682

2,463

Professional fees

3,229

2,857

4,986

Technology costs

4,196

5,965

2,220

Deposit related program fees

6,799

7,067

4,187

FDIC assessments

1,850

1,610

2,967

Other expenses

3,449

3,839

4,160

Total non-interest expense

46,400

44,381

42,722

Net income before income tax expense

44,390

41,181

23,362

Income tax expense

12,964

12,324

7,008

Net income (loss)

31,426

28,857

16,354

Earnings per common share:

Average common shares outstanding:

Basic

10,674,698

10,214,267

11,215,118

Diluted

10,756,358

10,418,492

11,281,375

Basic earnings (loss)

2.94

2.83

1.46

Diluted earnings (loss)

2.92

2.77

1.45

Loan Production, Asset Quality & Regulatory Capital

Mar. 31,

Dec. 31,

Sept. 30,

Jun. 30,

Mar. 31,

2026

2025

LOAN PRODUCTION (in millions)

428.3

510.9

514.2

492.0

409.8

ASSET QUALITY (in thousands)

Non-performing loans:

Commercial real estate

68,635

75,408

70,122

28,480

25,087

Commercial and industrial

—

8,989

One- to four- family

2,416

2,450

2,451

2,469

446

Consumer

—

Total non-performing loans

71,051

86,884

81,562

39,938

34,544

Non-performing loans to total loans

1.01

1.28

1.20

0.60

0.54

Allowance for credit losses

82,071

97,081

94,239

74,071

67,803

Allowance for credit losses to total loans

1.16

1.43

1.39

1.12

1.07

Charge-offs

(12,455)

—

(3,858)

(112)

(118)

Recoveries

126

180

Net charge-offs/(recoveries) to average loans (annualized)

0.73

—

0.22

—

REGULATORY CAPITAL

Tier 1 Leverage:

Metropolitan Bank Holding Corp.

11.6

9.5

9.8

10.0

10.7

Metropolitan Commercial Bank

11.4

9.1

9.4

9.8

10.1

Common Equity Tier 1 Risk-Based (CET1):

Metropolitan Bank Holding Corp.

13.2

10.7

10.6

10.8

11.4

Metropolitan Commercial Bank

13.1

10.5

10.4

10.9

11.0

Tier 1 Risk-Based:

Metropolitan Bank Holding Corp.

13.4

11.0

10.9

11.1

11.7

Metropolitan Commercial Bank

13.1

10.5

10.4

10.9

11.0

Total Risk-Based:

Metropolitan Bank Holding Corp.

14.6

12.3

12.2

12.8

Metropolitan Commercial Bank

14.3

11.7

12.0

12.1

Performance Measures

Three months ended

Mar. 31,

Dec. 31,

Mar. 31,

(dollars in thousands, except per share data)

2026

2025

Net income (loss) available to common shareholders

31,426

28,857

16,354

Per common share:

Basic earnings (loss)

2.94

2.83

1.46

Diluted earnings (loss)

2.92

2.77

1.45

Common shares outstanding:

Period end

12,392,035

10,088,617

11,066,234

Average fully diluted

10,756,358

10,418,492

11,281,375

Return on:(1)

Average total assets

1.49

1.38

0.89

Average equity

15.4

15.6

9.0

Average tangible common equity(2), (3)

15.6

15.8

9.1

Yield on average earning assets(1)

6.41

6.60

6.52

Total cost of deposits(1)

2.60

2.75

3.09

Net interest spread(1)

3.19

3.16

2.53

Net interest margin(1)

4.08

4.10

3.68

Net charge-offs as % of average loans(1)

0.73

—

Efficiency ratio(4)

52.4

50.2

60.5

(1) Ratios are annualized.

(2)

Determined by dividing net income by average tangible common equity.

(3)Non-GAAP financial measure. See Reconciliation of Non-GAAP Measures on page 11.

(4)Total non-interest expense divided by total revenues.

Interest Margin Analysis

Three months ended

Mar. 31, 2026

Dec. 31, 2025

Mar. 31, 2025

Average

Yield /

Average

Yield /

Average

Yield /

(dollars in thousands)

Balance

Interest

Rate (1)

Balance

Interest

Rate (1)

Balance

Interest

Rate (1)

Assets:

Interest-earning assets:

Loans (2)

6,926,983

122,594

7.18

6,905,105

127,338

7.32

6,202,311

110,865

7.25

Available-for-sale securities

651,928

4,982

3.10

624,952

4,606

2.92

577,184

3,415

2.40

Held-to-maturity securities

352,937

1,663

1.91

372,218

1,733

1.85

417,326

1,943

1.89

Equity investments

5,874

3.04

5,830

3.02

5,516

2.90

Overnight deposits

578,330

5,329

3.74

330,538

3,349

4.02

154,357

1,925

5.06

Other interest-earning assets

20,693

319

6.26

24,553

396

6.41

30,917

583

7.65

Total interest-earning assets

8,536,745

134,931

6.41

8,263,196

137,466

6.60

7,387,611

118,770

6.52

Non-interest-earning assets

127,802

152,006

128,676

Allowance for credit losses

(97,788)

(95,523)

(64,584)

Total assets

8,566,759

8,319,679

7,451,703

Liabilities and Stockholders' Equity:

Interest-bearing liabilities:

Money market and savings accounts

5,961,007

46,997

3.20

5,727,076

48,925

3.39

4,747,995

45,844

3.92

Certificates of deposit

184,625

1,732

3.80

171,784

1,707

3.94

126,471

1,334

4.28

Total interest-bearing deposits

6,145,632

48,729

3.22

5,898,860

50,632

3.41

4,874,466

47,178

3.93

Borrowed funds

22,638

293

5.25

119,532

1,509

5.01

392,453

4,640

4.80

Total interest-bearing liabilities

6,168,270

49,022

3.22

6,018,392

52,141

3.44

5,266,919

51,818

3.99

Non-interest-bearing liabilities:

Non-interest-bearing deposits

1,459,199

1,409,271

1,319,688

Other non-interest-bearing liabilities

111,159

156,294

126,872

Total liabilities

7,738,628

7,583,957

6,713,479

Stockholders' equity

828,131

735,722

738,224

Total liabilities and equity

8,566,759

8,319,679

7,451,703

Net interest income

85,909

85,325

66,952

Net interest rate spread (3)

3.19

3.16

2.53

Net interest margin (4)

4.08

4.10

3.68

Total cost of deposits (5)

2.60

2.75

3.09

Total cost of funds (6)

2.61

2.79

3.19

(1)

Ratios are annualized.

(2)

Amount includes deferred loan fees and non-performing loans.

(3)

Determined by subtracting the annualized average cost of total interest-bearing liabilities from the annualized average yield on total interest-earning assets.

(4)

Determined by dividing annualized net interest income by total average interest-earning assets.

(5)

Determined by dividing annualized interest expense on deposits by total average interest-bearing and non-interest-bearing deposits.

(6)

Determined by dividing annualized interest expense by the sum of total average interest-bearing liabilities and total average non-interest-bearing deposits.

Reconciliation of Non-GAAP Measures

In addition to the results presented in accordance with Generally Accepted Accounting Principles (“GAAP”), this earnings release includes certain non-GAAP financial measures. Management believes these non-GAAP financial measures provide meaningful information to investors in understanding the Company’s operating performance and trends. These non-GAAP measures have inherent limitations and are not required to be uniformly applied and are not audited. They should not be considered in isolation or as a substitute for an analysis of results reported under GAAP. These non-GAAP measures may not be comparable to similarly titled measures reported by other companies. Reconciliations of non-GAAP/adjusted financial measures disclosed in this earnings release to the comparable GAAP measures are provided in the following tables:

Quarterly Data

(dollars in thousands,

Mar. 31,

Dec. 31,

Sept. 30,

Jun. 30,

Mar. 31,

except per share data)

2026

2025

Average assets

8,566,759

8,319,679

7,964,712

7,775,199

7,451,703

Less: average intangible assets

9,733

Average tangible assets (non-GAAP)

8,557,026

8,309,946

7,954,979

7,765,466

7,441,970

Average common equity

828,131

735,722

731,281

723,974

738,224

Less: average intangible assets

9,733

Average tangible common equity (non-GAAP)

818,398

725,989

721,548

714,241

728,491

Total assets

8,844,124

8,255,716

8,234,430

7,853,849

7,616,298

Less: intangible assets

9,733

Tangible assets (non-GAAP)

8,834,391

8,245,983

8,224,697

7,844,116

7,606,565

Common equity

948,339

743,112

732,040

722,968

737,846

Less: intangible assets

9,733

Tangible common equity (book value) (non-GAAP)

938,606

733,379

722,307

713,235

728,113

Common shares outstanding

12,392,035

10,088,617

10,382,218

10,421,384

11,066,234

Book value per share (GAAP)

76.53

73.66

70.51

69.37

66.68

Tangible book value per share (non-GAAP) (1)

75.74

72.69

69.57

68.44

65.80

(1) Tangible book value divided by common shares outstanding at period-end.

Explanatory Note

Some amounts presented within this document may not recalculate due to rounding.

EX-99.2

Filename: mcb-20260421xex99d2.htm · Sequence: 3

Exhibit 99.2

1Q 2026 Investor Presentation

Contents

Page

Disclosure 2

Performance Metrics 3

Differentiating Factors 7

Loans and Deposits 12

Modern Banking in Motion Digital Transformation 19

Selected Financial Information and Guidance 22

Disclosure

This presentation contains “forward-looking

statements” within the meaning of the Private Securities

Litigation Reform Act of 1995. Examples of forward-looking statements include but are not limited to the

Company’s future financial condition and capital ratios,

results of operations and the Company’s outlook ,

business, share repurchases under the program, and

dividend payments. Forward-looking statements are

not historical facts. Such statements may be identified

by the use of such words as “may,” “believe,” “expect,”

“anticipate,” “plan,” “continue” or similar terminology.

These statements relate to future events or our future

financial performance and involve risks and

uncertainties that are difficult to predict and are

generally beyond our control and may cause our actual

results, levels of activity, performance or achievements

to differ materially from those expressed or implied by

these forward-looking statements. Although we believe

that the expectations reflected in the forward-looking

statements are reasonable, we caution you not to place

undue reliance on these forward-looking statements.

Factors which may cause our forward-looking

statements to be materially inaccurate include, but are

not limited to the following: a failure to successfully

manage our credit risk and the sufficiency of our

allowance for credit losses; changes in loan demand

and declines in real estate values in the Company’s

market area, which may adversely affect our loan

production; borrower and depositor concentrations

(e.g., by geographic area and by industry); the interest

rate policies of the Federal Reserve and other regulatory

bodies; general economic conditions, including

unemployment rates, and potential recessionary and

inflationary indicators, either nationally or locally,

including the related effects on our borrowers and other

clients, such as adverse changes to credit quality, and

on our financial condition and results of operations; an

unanticipated loss of key personnel or existing clients,

or an inability to attract key employees; system failures

or cybersecurity breaches of our information technology

infrastructure and/or confidential information or those

of the Company’s third-party service providers or those

of our non-bank financial service clients for which we

provide global payments infrastructure; failure to

maintain current technologies or technological changes

and enhancements that may be more difficult or

expensive to implement than anticipated, and failure to

successfully implement future information technology

enhancements; emerging issues related to the

development and use of artificial intelligence that could

give rise to legal or regulatory action, damage our

reputation or otherwise materially harm our business or

clients; the timely and efficient development of new

products and services offered by the Company, as well

as risks (including reputational and litigation) attendant

thereto, and the perceived overall value and acceptance

of these products and services by clients; the successful

implementation or consummation of new business

initiatives, which may be more difficult or expensive

than anticipated; an unexpected adverse financial,

regulatory, legal or bankruptcy event experienced by

our financial service clients; unexpected increases in our

expenses; changes in liquidity, including funding

sources, deposit flows and the size and composition of

our deposit portfolio, and the percentage of uninsured

deposits in the portfolio; an unexpected deterioration in

the performance of our loan or securities portfolios and

our inability to absorb the amount of actual losses

inherent in the portfolio; difficulties associated with

achieving or predicting expected future financial results;

different than anticipated growth and our ability to

manage our growth; increases in competitive pressures

among financial institutions or from non-financial

institutions which may result in unanticipated changes

in our loan or deposit rates; unexpected adverse impact

of future acquisitions or divestitures; impacts related to

or resulting from regional and community bank failures

and stresses to regional banks, or conditions in the

securities markets or the banking industry being less

favorable than currently anticipated; changes in

accounting principles, policies or guidelines may cause

the Company’s financial condition or results of

operation to be reported or perceived differently;

legislative, tax or regulatory changes or actions,

including changes and the potential for changes to

regulatory policy and the promulgation of new laws

and regulations following the inauguration of a new

presidential administration, may adversely affect the

Company’s business; unanticipated increases in FDIC

insurance premiums or future assessments; the costs,

including the possible incurrence of fines, penalties, or

other negative effects (including reputational harm) of

any adverse judicial, administrative, or arbitral rulings or

proceedings, regulatory enforcement actions, or other

legal actions to which we or any of our subsidiaries are a

party, and which may adversely affect our results; and

the current or the potential impact on the Company’s

operations, financial condition, and clients resulting

from natural or man-made disasters, climate change,

wars, military conflict, acts of terrorism, other

geopolitical events, cyberattacks, and global pandemics,

or localized epidemics as well as those discussed under

the heading “Risk Factors” in our Annual Report on

Form 10-K and Quarterly Reports on Form 10-Q which

have been filed with the Securities and Exchange

Commission under the Securities Exchange Act of 1934,

as amended.

Forward-looking statements speak only as of the date of

this presentation. We do not undertake (and expressly

disclaim) any obligation to update or revise any

forward-looking statement, except as may be required

by law.

Performance Metrics

Metropolitan Commercial Bank Holding Corp.

The Only True Mid-Sized, Publicly Traded Relationship Driven Commercial Bank Headquartered in NYC

Market data as of March 31, 2026 and December 31, 2025

1 Non-GAAP financial measure. See reconciliation of GAAP to Non-GAAP financial measures starting on slide 29.

2 Annualized.

Recent Events

• Completed a secondary public equity offering of 2.3 million shares

of common stock at $85.00 per share, resulting in proceeds of

$186.8 million, net of underwriting discounts and commissions.

• Increased quarterly common stock cash dividend from $0.20 per

share to $0.25 per share.

• Hosted an investor day on Tuesday, March 3, 2026. with over 60

attendees.

• Opened Miami Branch on Tuesday, March 3, 2026.

• Approved as a HUD MAP/LEAN Lender.

Nine Strategically Located Banking Centers

• Park Ave. Headquarters

• Garment District/ Times Square

• Diamond District

• Upper East Side

• Boro Park, Brooklyn

• Great Neck, Long Island

• Lakewood, NJ

• Miami, FL (New)

• West Palm Beach, FL (Pending

Branch opening Q2'26)

1Q 2026 4Q 2025

Closing Price 83.29 $76.36

Market Cap $1,032.13 M $770.37 M

Book Value per Share $76.53 $73.66

Tangible Book Value per Share $75.74 $72.69

P/Book Value 1.09 x 1.04 x

P/Tangible Book Value1 1.10 x 1.05 x

P/E2 7.03 x 6.95 x

Assets $8.8 B $8.3 B

Loans $7.0 B $6.8 B

Deposits $7.7 B $7.4 B

Loans/Deposits 91.0 % 92.3 %

Net Interest Margin2 4.08 % 4.10 %

Net Charge-offs / Average Loans2 0.7 % 0.0 %

Efficiency Ratio 52.4 % 50.2 %

Pre-tax, Pre-Provision Net Revenue /

Average Assets1

1.99 % 2.07 %

ROAA2 1.49 % 1.38 %

ROAE2 15.4 % 15.6 %

ROATCE1,2 15.6 % 15.8 %

CET1 Capital Ratio 13.2 % 10.7 %

Tier 1 Leverage Ratio 11.6 % 9.5 %

Total Risk Based Capital Ratio 14.6 % 12.3 %

TCE/TA1

Ratio 10.6 % 8.9 %

Source: Bloomberg

1 Includes CNOB, DCOM, OCFC, PFS and VLY.

2 Cumulative shareholder return (change in stock price plus reinvested dividends).

Outperformance versus peers

100

150

200

250

300

350

400

3/30/2023 9/4/2023 2/9/2024 7/16/2024 12/21/2024 5/28/2025 11/2/2025 4/9/2026

Total Return Performance

NYC Middle-Market Banks1, 2

KBW Regional Banking

Index (“KRX”)

Metropolitan Commercial

Bank

163

161

358

4/13/2026

Source: FactSet, S&P Global Market Intelligence.

1 CAGR from December 31, 2017 through December 31, 2025.

1* KRX and NYC Middle Market-Banks include growth resulting from acquisitions.

2 KRX Index represents median performance of the KBW Regional Banking Index constituents.

3 Includes CNOB, DCOM, OCFC, PFS and VLY.

4 Non-GAAP financial measure. See reconciliation of GAAP to Non-GAAP financial measures starting on slide 29.

5 Performance since November 7, 2017 (MCB offering price of $35.00 per share) through April 13, 2026.

Pre-tax, pre-provision net revenueĩ CAGR¹

2017-2025

Financial Performance Outpacing Peers

Since 2017 IPO

Loans CAGR¹

2017–2025

23.0%

9.7%

14.1%

MCB KRX Index² NYC Middle-Market

Banks³

Share price performance since IPO5

November 7, 2017

Tangible book value per shareĩ CAGR¹

2017–2025

Earnings per share CAGR¹

2017–2025

13.2%

6.3%

4.8%

MCB KRX Index² NYC Middle-Market

Banks³

20.7%

8.5%

13.0%

MCB KRX Index² NYC Middle-Market

Banks³

21.7%

9.1%

13.4%

MCB KRX Index² NYC Middle-Market

Banks³

13.9%

8.0%

2.5%

MCB KRX Index² NYC Middle-Market

Banks³

158.1%

27.3%

6.7%

MCB KRX Index² NYC Middle-Market

Banks³

, 1* Deposits CAGR1 , 1*

2017–2025

Differentiating Factors

Money

Market &

Savings,

78%

Non-Int.

Bearing

Demand,

20%

Time, 2%

EB-5, Title & Escrow, and

Charter Schools, 10%

Municipal,

21%

Bankruptcy

Trustees, 6%

Property Managers, 20%

Deposits

from Loan

Customers,

17%

Retail

Deposits,

26%

Skilled

Nursing

CRE and

C&I, 42%

Other C&I,

Other Owner Occupied

CRE, 2%

Non Owner

Occupied CRE,

46%

Consumer & 1-4

Family, 1%

Highly Diversified Franchise

Total Deposits

$7.7B

Manhattan,

18%

Brooklyn,

Bronx,

Queens,

25%

Long Is., 5%

NJ, 9%

FL, 17%

Other

US, 26%

Loan Portfolio

March 31, 2026

Total Loans

$7.1B

Total Deposits

$7.7B

Deposits

March 31, 2026

Total Loans

$7.1B

• Active in Healthcare lending since 2002 with no

realized losses since entering this space and no

deferrals during the pandemic.

• Skilled Nursing Facilities ("SNF") highly insulated

from economic cycles by state funded

payments.

• All other portfolios are well-diversified across

multiple property types and industries

• Branch-lite model driven by technology

integrations and high-quality service.

• We target industries that are in possession of or

have discretion over large sums of money.

• Diversification across deposit verticals is a key

strategy for managing and reducing execution

risk.

• 1Q 2026 Cost of deposits: 2.6%

$65.2 $66.6 $67.0

$73.6

$77.3

$85.3 $85.9

3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026

1 Represents effective average daily Fed Funds rate.

Well Managed Net Interest Margin

Net Interest Margin Analysis

Estimated Sensitivity of Annual

Net Interest Income

March 31, 2026

Net Interest Income

$ millions

1.00%

1.83% 2.16%

0.36%

0.08%

1.68%

5.03% 5.15%

4.21%

3.64%

4.57% 4.78%

5.09%

4.73% 4.80%

5.33%

6.70% 6.53%

7.31% 7.18%

0.47%

0.58%

1.10%

0.43%

0.27%

0.49%

2.43%

3.22% 2.95%

2.60%

3.52% 3.70% 3.46% 3.26%

2.77%

3.49% 3.49% 3.53%

3.88%

4.08%

2017 2018 2019 2020 2021 2022 2023 2024 2025 Q1 2026

Average Fed Funds Rate¹ Average Loan Yield

Average Total Cost of Deposits MCB Net Interest Margin ("NIM")

2.93%

1.44%

0.05% -0.04%

-200 bps -100 bps +100 bps +200 bps

21.5% 21.0% 19.5% 20.1% 19.9%

1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026

$6.4

$6.8

$7.1

$7.4

$7.7

1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026

9.6% 9.1% 8.8% 8.9%

10.6%

1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026

Highly Liquid and Resilient Balance Sheet

76%

Insured deposits

Deposits

($ bn)

TCE/TA Ratio1

Non-interest bearing Deposit %

Deposit Profile

at March 31, 2026

200%

Uninsured Deposit

Coverage Ratio2

BBB+

Kroll Deposit Rating

January 2026

$6.3

$6.6 $6.8 $6.8 $7.0

1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026

Loans

($ bn)

1 Tangible Common Equity divided by Tangible Assets. Non-GAAP financial measure. See reconciliation of GAAP to Non-GAAP financial measures starting on slide 29.

2 Cash and available secured borrowing capacity divided by uninsured deposits.

Relationship Driven Commercial Bank

with Strong Client Execution

• Our Business Bankers have deep

knowledge and expertise across

multiple industries (e.g. law firms,

resident healthcare, real estate property

management, U.S. Trustee

and Municipalities).

• Full suite of retail financial service

products targeting small and

middle-market

commercial

businesses.

• Commercial Lending group offers

an array of commercial and industrial

lending products providing our

clients with custom lending solutions.

• Commercial Real Estate ("CRE")

Lending group has proven track

record of successfully navigating

today's complex real estate market.

White-glove

concierge

service

and a full suite of

digital banking

services allowing

clients to easily manage

their everyday

banking needs.

Modern

Banking

in Motion

Digital

Transformation

supports future

business expansion,

drives efficiencies and

enables better client

experience.

Our core competencies are:

• Helping clients build and sustain generational

wealth.

• Offering a full range of banking and innovative

financial servicesto businesses and individuals

embracing an ever-evolving digital banking era.

• Delivering enhanced client experiences through an

innovative technology platform.

• Providing modern and robust internal capabilities

for our employees to support future business expansion

and back-office efficiencies.

Loans and Deposits

1 Before deferred fees and unamortized costs.

2 Certain prior period amounts adjusted to conform to current presentation.

3 Excludes owner-occupied.

4 Mobile Home Parks, Residential Condos/Co-ops, Temporary Shelters, Religious Orgs., Parking Lots and Garages, Restaurants and Entertainment Facilities

* Includes commercial real estate, multifamily and construction loans.

Loan Portfolio Growth and

Diversification

$7.1 billion Gross Loan Portfolio1, 2

March 31, 2026 | $ millions

Diversified Loan Portfolio

March 31, 2026

39%

7% 6% 7%

13%

39% CRE: Skilled Nursing

Facility ("SNF")

7% CRE: Office

7% CRE: Hospitality

6% CRE: Multi-family

5% CRE: Retail

5% CRE: Mixed Use

3% CRE: Construction

3% CRE: Land

3% CRE: Charter Schools

2% CRE: Industrial

$3& 0UIFSĩ

13% C&I

1% Consumer & 1-4 Family

$3,042 $3,162 $3,201 $3,147 $3,216

$2,171

$2,353 $2,547 $2,713 $2,851

$1,045

$1,016

$953 $872

$903

$102

$100

$99 $97

$95

$6,360

$6,631 $6,800 $6,829

$7,065

1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026

Consumer & 1-4

Family

C&I

CRE: Owner Occupied

CRE: Non Owner

Occupied*

Average 1Q 2026 Yield: 7.18%

CRE/RBC ratio3

: 299.5%

18%

17%

10%

23%

18% Manhattan

17% Florida

10% Brooklyn

9% New Jersey

8% Queens

7% Bronx

5% Long Island

3% Other NY

23% Other States

45%

10%

45% Skilled Nursing Facilities

8% Office

8% Hospitality

6% Multifamily

6% Retail

6% Mixed Use

4% Land

4% Construction

3% Industrial

10% Other CRE

Relationship-Based

Commercial Real Estate Lending

Target Market

• New York metropolitan area real estate entrepreneurs

with a net worth in excess of $50 million

• Primarily concentrated in the New York MSA

• Well-diversified across multiple property types

Key Metrics

March 31, 2026

• Weighted average LTV of 62%

• Owner occupied – 47%

Composition by Type

March 31, 2026

Composition by Region

March 31, 2026

Vast majority of loans are originated through direct relationships or existing client referrals.

Total CRE loans: $6.1 billion

$258 $246 $229 $219 $207

$249 $244 $237 $212 $252

$154 $170 $162

$140 $118

$116 $107 $104

$91 $92

$66 $77 $86

$75 $90

$67 $73 $65

$60 $61

$30 $30

$27

$26 $27

$105 $69

$43

$49 $56

$1,045 $1,016

$953

$872 $903

1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026

Other

Manufacturing

Wholesale

Services

Other Healthcare

Individuals

Skilled Nursing Facilities

Finance & Insurance

Expertise in Specific Verticals Drive

Commercial & Industrial Lending

C&I Composition

March 31, 2026

Target Market

March 31, 2026

Total C&I Loans: $903mm

• Middle market businesses with revenues up to $400 million

• Well-diversified across industries

Key Metrics

• Strong historical credit performance

- Pledged collateral and/or personal guarantees from high-net-worth

individuals support most loans

- Target borrowers have strong historical cash flows, and good asset

coverage

28%

23%

13%

10%

3% 6%

28% Skilled Nursing Facilities

23% Finance & Insurance

13% Individuals

10% Other Healthcare

10% Services

7% Wholesale

3% Manufacturing

6% Other

1 Certain prior period amounts adjusted to conform to current presentation.

C&I Portfolio1

March 31, 2026 | $ millions

C&I Healthcare Composition | March 31, 2026

Diversified Healthcare Portfolio

• Active in Healthcare lending since 2002 with no realized losses

since entering this space and no deferrals during the pandemic.

• Stabilized SNF – 59% of CRE SNF portfolio. Stabilized facilities

provide cash flows adequate to support debt service and

collateral value. Borrowers’ primary motive for acquisition of a

stabilized property is for synergies with existing portfolio of

SNFs. Weighted average debt service coverage ratio is 2.04x.

• Transitional Non-stabilized SNF – are typically value-add

opportunities that may have underlying issues that can be

remediated. By implementing operational and management

changes, enhancing the quality of care, improving the payor

mix, and optimizing efficiency, experienced operators can

increase the facility's profitability and value. Operators that

have a strong market share in the region can negotiate higher

reimbursement rates by working with payers, such as Medicare

and Medicaid, to negotiate higher reimbursement rates for the

services provided by the SNF.

73%

15%

2% 73% SNF

15% Ambulatory Health Care

Services

8% Medical Labs

2% Doctor Office

2% Ambulance Services

CRE SNF

$2.7 billion

C&I SNF

$252 mm

C&I Other

$92 mm

Healthcare Composition | March 31, 2026

Total Healthcare loans:

$3.1 billion

Total C&I Healthcare loans:

$344mm

Overview

March 31, 2026

C&I Skilled Nursing Facility Exposure by State

March 31, 2026

Geographically Diversified Skilled Nursing

Facility Portfolio

CRE Skilled Nursing Facility Exposure by State

March 31, 2026

27%

12% 26%

28%

27% Florida

26% New York

12% New Jersey

7% Indiana

28% Other States

40%

22%

13%

15%

40% Florida

22% New York

13% New Jersey

5% Indiana

5% Tennessee

15% Other

Total CRE SNF loans:

$2.7 billion

Total C&I SNF loans:

$252mm

• CRE – Skilled Nursing Facilities (“SNF”) – average LTV of 71%.

• Highly selective regarding the quality of SNF Operators that

we finance.

• Borrowers are very experienced operators that typically have

in excess of 1,000 beds under management and strong cash

flows. Many further supported by vertically integrated related

businesses.

• Loans are made primarily in “certificate of need” states which

limits the supply of beds and supports stable occupancy

rates.

• New York had Medicaid reimbursement rate increases of 4.4%

and 6.5% in 2024 and 2023, respectively.1

• Florida had Medicaid reimbursement rate increase of 8.0% in

2024, with an additional 8% in 2025.1

Overview

March 31, 2026

1 Source: Zimmet Healthcare Services Group LLC

$2,135 $2,082 $2,053 $2,081 $2,004

$1,235 $1,266 $1,294 $1,306 $1,332

$300 $351 $413 $425 $429

$1,269 $1,279 $1,409 $1,439 $1,520

$988

$1,260

$1,340

$1,478 $1,659 $522

$553

$564

$648

$795

$6,449

$6,791

$7,073

$7,377

$7,739

1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026

EB-5, Title & Escrow, & Charter Schools

Municipal

Property Managers

Bankruptcy Trustees

Deposits from Loan Customers

Retail Deposits

$7.7 Billion Total Deposits

March 31, 2026 | $ millions*

Deposit Composition

* Certain prior period amounts adjusted to conform to current presentation.

Modern Banking in Motion

Digital Transformation

Service Description Partners Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

Payments Hub (Wires)

Payments Hub (ACH)

Payments Hub (FedNow)

Commercial Loans Servicing

Enterprise Datawarehouse

Digital Banking (Consumers)

Digital Banking (Commercial)

Fraud Risk Management

Core Processing

Contact Center / Core servicing

Statements Processing and

Rendering

Teller System

Project Phoenix N.A.

2024 2025 2026

Modern Banking in Motion

Digital Transformation

Overview

• The Bank is modernizing its core, payments and online banking systems to

support continued growth. A modern stack will support future business

expansion, drive efficiencies and enable a better client experience.

• Digital transformation will provide extensive digital proficiencies, NextGen

analytics capabilities, API-based extensibility, optimized back-office processes and

efficient origination and loan servicing.

• In 2024, the Bank launched project Phoenix to overhaul its infrastructure in line

with its strategic growth and to enhance its disaster recovery capabilities. This

project was completed in Q4'2025 and includes the redesign of the network,

expansion of the datacenters, and increased system capacity.

• Q1'26 digital transformation costs – $1.0 million

• Full integration to be completed in Q2'26

• Total estimated project costs – $18 million (including 10% contingency)

• Project costs expensed to date – $14.9 million

Go live. N.A. – not applicable.

Modern Banking in Motion

Digital Transformation Partners

Partners Service Areas About

Finzly provides a modern, cloud-based, API-enabled operating system that serves as a parallel payment processing platform to a

bank's core. Finzly offers a wide range of turnkey banking solutions, including a multi-rail payment for traditional payments on ACH

and wires, instant payments on FedNow and RTP, foreign exchange, trade finance, compliance, and commercial banking digital

experiences.

Payments Hub (wires)

Payments Hub (ACH)

Payments Hub (FedNow)

AFS is the global leader in providing advanced commercial loan servicing solutions to lending institutions of all sizes. Solely

dedicated to the commercial lending industry, AFS is uniquely positioned to support its client’s business and technology

transformation.

Commercial Loans Origination

and Servicing

Snowflake enables organizations to mobilize their data with Snowflake’s Data Cloud. Customers use the Data Cloud to unite siloed

data, discover and securely share data, power data applications, and execute diverse AI/ML and analytic workloads. Enterprise Datawarehouse

ebankIT enables banks to deliver humanized, personalized, and accessible digital experiences for their customers from mobile to

web banking, from wearable gadgets to the metaverse and beyond.

Digital Banking (Consumers &

Commercial)

Alloy helps banks and fintech companies make safe and seamless fraud, credit, and compliance decisions. Alloy's platform connects

companies to more than 150 data sources of KYC/KYB, AML, credit, and compliance data through a single API to help create a

future without fraud.

MX Technologies, Inc. is a leader in actionable intelligence, enabling financial providers and consumers to do more with financial

data. MX offers fast, secure solutions that helps streamline the account opening process while mitigating fraud and reducing risk.

Fraud Risk Management & KYC

To drive continued growth, the Bank is modernizing its core banking system with Finxact. Finxact, a gen-3 core, was built to be a

full core banking solution providing MCB with the ability to develop and get to market with speed, with complete flexibility and

control to adopt new capabilities. Gen 3 core solutions are geared towards banks who are looking to rapidly innovate utilizing new

technologies to create unique customer experiences through a cloud-native / event driven architecture enabling highly automated

real time access to bank data from modern APIs to all ancillary systems.

Core Processing

Savana provides a front-end servicing solution for the core processing system. Savana's platform is designed to orchestrate

channels, products and processes to provide a unified ecosystem that streamlines operations between the core, back office and

banker assisted channel.

Contact Center / Core servicing

A full-service, browser based, teller solution that is core agnostic. Dedicated to innovating cash and people across the branch

network, offering cash management resources, cash planning tools, CTR, and Reg CC for the US market, a fully accessible electronic

journal, and 27 other branch functions integrated directly to a Financial Institution's ecosystem.

Statements Processing and

Rendering

Antuar is a financial technology company focused on branch innovation. Antuar's banking software solutions are

designed to enable financial institutions to innovate the branch network, while reducing the overhead cost of

servicing customers.

Teller System

Selected Financial

Information

Proven High Growth Business Model

Loans1

| $ millions

$3,830

$6,436

$5,278

$5,737 $5,983

$7,377 $7,740

2020 2021 2022 2023 2024 2025 Q1 2026

Deposits

| $ millions

$142

$181

$256 $251

$277

$315

$88

2020 2021 2022 2023 2024 2025 Q1 2026

Revenue

| $ millions

$39

$60 $59

$77

$67 $71

$31

2020 2021 ĩ Ī ī 2025 Q1 2026

Net Income

| $ millions

$3,137

$3,732

$4,841

$5,625

$6,034

$6,810 $7,047

2020 2021 2022 2023 2024 2025 Q1 2026

1 Loans, net of deferred fees and costs.

2 CAGR from December 31, 2020 through March 31, 2026.

3 CAGR from December 31, 2020 through December 31, 2025.

4 Includes a $35.0 million charge for a regulatory settlement reserve in the fourth quarter of 2022.

Includes a $5.5 million reversal of the regulatory settlement reserve.

Includes a $10.0 million regulatory reserve recorded in the third quarter of 2024

Return on Average Assets

Highly Profitable, Scalable Model

* Annualized

1 Non-GAAP financial measure. See reconciliation of GAAP to Non-GAAP financial measures starting on

slide 29.

2 Total non-interest expense divided by Total revenues.

Includes a $35.0 million charge for a regulatory settlement reserve.

Includes a $5.5 million reversal of the regulatory settlement reserve.

Ī *ODMVEFT B NJMMJPO SFHVMBUPSZ SFTFSWF SFDPSEFE JO UIF UIJSE RVBSUFS PG

Efficiency ratio2

12.9%

15.2%

10.4%

12.6%

9.7% 9.8%

15.6%

2020 2021 2022³ ĩ Ī 2025 YTD 2026*

ROATCE1

52.5%

48.3%

58.2%

52.5%

62.7%

55.9%

52.4%

2020 2021 2022³ ĩ Ī 2025 YTD 2026*

Net Interest Margin

3.26%

2.77%

3.49% 3.49% 3.53%

3.88% 4.08%

2020 2021 2022 2023 2024 2025 YTD 2026*

1.02% 1.06% 0.90%

1.19%

0.91% 0.90%

1.49%

2020 2021 2022 2023 2024 2025 YTD 2026*

0.20% 0.28% 0.00%

0.92%

0.54%

1.28%

1.01%

2020 2021 2022 2023 2024 2025 Q1 2026

Non-Performing Loans/Loans

Credit Metrics

NCOs/Average Loans

ACL/Loans Non-Performing Loans/ACL

0.01%

0.13%

0.00% 0.02% 0.00% 0.06%

0.73%

2020 2021 2022 2023 2024 2025 YTD 2026

1.13%

0.93% 0.93%

1.03% 1.05%

1.43%

1.16%

2020 2021 2022 2023* 2024 2025 Q1 2026

18.0%

29.6%

0.0%

89.5%

51.5%

89.5% 86.6%

2020 2021 2022 2023* 2024 2025 Q1 2026

* Includes $2.3 million increase in ACL due to impact of CECL adoption on January 1, 2023.

Capital Ratios*

Common Equity Tier 1 Capital Ratio

10.1%

14.1%

12.1% 11.5% 11.9%

10.7%

13.2%

2020 2021 2022¹ 2023² 2024³ 2025 Q1 2026

Minimum to be "Well Capitalized" (8%)

* These capital ratios are for Metropolitan Bank Holding Corp.

Includes a $35.0 million charge for a regulatory settlement reserve.

Includes a $5.5 million reversal of the regulatory settlement reserve.

Includes a $10.0 million regulatory reserve recorded in the third quarter of 2024.

ĩ /PO(""1 GJOBODJBM NFBTVSF 4FF SFDPODJMJBUJPO PG (""1 UP /PO(""1 GJOBODJBM NFBTVSFT TUBSUJOH PO

slide 29.

Tier 1 Leverage Ratio

8.5% 8.5%

10.2% 10.6% 10.8%

9.5%

11.6%

2020 2021 2022¹ 2023² 2024³ 2025 Q1 2026

Minimum to be "Well Capitalized" (5%)

12.7%

16.1%

13.4% 12.8% 13.3%

12.3%

14.6%

2020 2021 2022¹ 2023² 2024³ 2025 Q1 2026

Minimum to be "Well Capitalized" (10%)

Total Risk-Based Capital Ratio TCE / TA4

7.5% 7.7%

9.0% 9.2% 9.9%

8.9%

10.6%

2020 2021 2022¹ 2023² 2024³ 2025 Q1 2026

Conservatively Underwritten, Geographically

Diversified CRE Office Portfolio

Office by Region

March 31, 2026

47%

14%

26%

47% Manhattan

14% Brooklyn

5% Queens

2% Bronx

26% NY Metro Area

(outside NYC)

6% Non NY Metro Area

Overview

March 31, 2026

• Total Office loans: $461mm

• Weighted average LTV of 51%

• Weighted average occupancy rate of 76%*

• Weighted average debt service coverage ratio of 1.44x*

• Manhattan loans originated since March 2022 is 100%

• Owner-occupied is 9.3%

• Varying levels of recourse on approximately 60% of loans

* Excluding owner-occupied office properties.

1 Based on Outstanding Balance.

2 Single loan with "as is" LTV of 62%.

Occupancy by Region

March 31, 2026

Maturity Schedule

March 31, 2026| $ millions

45%

78%

68%

42%

88%

81%

Non NY Metro Area

NY Metro Area

(outside NYC)

Bronx

Queens²

Brooklyn

Manhattan

2026 2027 Thereafter Total

Outstanding Balance $88 $242 $131 $461

Commitment Amount $90 $254 $131 $475

Avg. Commitment Size $7 $16 $7 $10

LTV1 44% 54% 50% 51%

Nonperforming 0% 0% 0% 0%

WAC 6.3% 6.0% 6.5% 6.2%

Conservatively Underwritten

Multi-family Portfolio

Overview

March 31, 2026 | $ millions

Stabilized1 Maturity Schedule

March 31, 2026 | $ millions

Origination Vintage

March 31, 2026

• Total Multi-family loans: $394mm

• Weighted average LTV of 54%

• Recourse on 59% of Total; recourse on 85% of Transitional

• Rent regulated 44% of Total

• Rent regulated have weighted average LTV of 44%

• Stabilized weighted average debt service coverage ratio of 2.16x

Transitional1 Maturity Schedule

March 31, 2026 | $ millions

1 Stabilized facilities provide cash flows adequate to support debt service and collateral value. Transitional are value-add opportunities that

may have historic underlying issues or challenges that can be addressed and improved upon.

2 Based on Outstanding Balance.

15%

83%

% of $394mm Outstanding Balance

2017 - 2019

2020 - 2021

2022 - 2026

2026 2027 Thereafter Total

Outstanding Balance $46 $55 $0 $101

Commitment Amount $50 $60 $0 $110

Avg. Commitment Size $5 $18 $0 $8

LTV2 49% 75% 0% 63%

Rent Regulated2 10% 0% 0% 5%

With Recourse2 100% 73% 0% 85%

Nonperforming 75% 0% 0% 35%

WAC 4.8% 6.5% 0.0% 5.7%

2026 2027 Thereafter Total

Outstanding Balance $147 $39 $107 $293

Commitment Amount $147 $39 $113 $299

Avg. Loan Size $5 $4 $5 $5

LTV2 60% 54% 36% 50%

Rent Regulated2 64% 37% 57% 58%

With Recourse2 65% 43% 32% 50%

Nonperforming 5% 0% 0% 3%

WAC 5.9% 5.1% 5.0% 5.5%

Reconciliation of GAAP to Non-GAAP

Measures

1 Tangible common equity divided by common shares outstanding at period-end.

2 Total revenues equal net interest income plus non-interest income.

In addition to the results presented in accordance with Generally Accepted Accounting Principles (“GAAP”), this earnings presentation includes certain non-GAAP financial measures. Management believes these non-GAAP financial measures

provide meaningful information to investors in understanding the Company’s operating performance and trends. These non-GAAP measures have inherent limitations and are not required to be uniformly applied and are not audited. They

should not be considered in isolation or as a substitute for an analysis of results reported under GAAP. These non-GAAP measures may not be comparable to similarly titled measures reported by other companies. Reconciliations of non-GAAP/adjusted financial measures disclosed in this earnings presentation to the comparable GAAP measures are provided in the accompanying tables.

$ thousands, except per share data Q1 2026 Q4 2025 2025 2024 2023 2022

Average assets $ 8,566,759 $ 8,319,679 $ 7,880,760 $ 7,293,445 $ 6,506,614 $ 6,621,631

Less: average intangible assets 9,733 9,733 9,733 9,733 9,733 9,733

Average tangible assets $ 8,557,026 $ 8,309,946 $ 7,871,027 $ 7,283,712 $ 6,496,881 $ 6,611,898

Average equity $ 828,131 $ 735,722 $ 732,611 $ 694,154 $ 621,006 $ 578,787

Less: Average preferred equity — — — — — —

Average common equity 828,131 735,722 732,611 694,154 621,006 578,787

Less: average intangible assets 9,733 9,733 9,733 9,733 9,733 9,733

Average tangible common equity $ 818,398 $ 725,989 $ 722,878 $ 684,421 $ 611,273 $ 569,054

Total assets $ 8,844,124 $ 8,255,716 $ 8,255,716 $ 7,300,749 $ 7,067,672 $ 6,267,337

Less: intangible assets 9,733 9,733 9,733 9,733 9,733 9,733

Tangible assets $ 8,834,391 $ 8,245,983 $ 8,245,983 $ 7,291,016 $ 7,057,939 $ 6,257,604

Total Equity $ 948,339 $ 743,112 $ 743,112 $ 729,827 $ 659,021 $ 575,897

Less: preferred equity — — — — — —

Common Equity 948,339 743,112 733,379 729,827 659,021 575,897

Less: intangible assets 9,733 9,733 9,733 9,733 9,733 9,733

Tangible common equity (book value) $ 938,606 $ 733,379 $ 733,379 $ 720,094 $ 649,288 $ 566,164

Tangible common equity (book value) divided by: $ 938,606 $ 733,379 $ 733,379 $ 720,094 $ 649,288 $ 566,164

Tangible assets $ 8,834,391 $ 8,245,983 $ 8,245,983 $ 7,291,016 $ 7,057,939 $ 6,257,604

Tangible common equity (book value) to Tangible assets 10.6% 8.9% 8.9% 9.9% 9.2% 9.0%

Net income divided by: $ 31,426 $ 28,857 $ 71,098 $ 16,354 $ 77,268 $ 59,425

Average tangible common equity $ 818,398 $ 725,989 $ 722,878 $ 684,421 $ 611,273 $ 569,054

Return on average tangible common equity* 15.6% 15.8% 9.8% 2.4% 12.6% 10.4%

Common shares outstanding 12,392,035 10,088,617 10,088,617 11,197,625 11,062,729 10,949,965

Book value per share (GAAP) $ 76.53 $ 73.66 $ 73.66 $ 65.18 $ 59.57 $ 52.59

Tangible book value per share (non-GAAP)¹ $ 75.74 $ 72.69 $ 72.69 $ 64.31 $ 58.69 $ 51.70

Total Revenue (GAAP)² $ 88,490 $ 88,408 $ 315,106 $ 276,913 $ 250,739 $ 255,751

Less: Non-interest expense 46,400 44,381 176,005 173,575 131,538 148,737

Less: Gain (loss) on sale of securities — 674 674 — — —

Pre-tax, pre-provision net revenue $ 42,090 $ 43,353 $ 138,427 $ 103,338 $ 119,201 $ 107,014

For Year Ending

Reconciliation of GAAP to Non-GAAP Measures,

Continued

1 Tangible common equity divided by common shares outstanding at period-end.

2 Total revenues equal net interest income plus non-interest income.

$ thousands, except per share data 2021 2020 2019 2018 2017

Average assets $ 5,724,230 $ 3,863,013 $ 2,846,959 $ 1,951,982 $ 1,524,202

Less: average intangible assets 9,733 9,733 9,733 9,733 9,733

Average tangible assets $ 5,714,497 $ 3,853,280 $ 2,837,226 $ 1,942,249 $ 1,514,469

Average equity $ 413,212 $ 320,617 $ 282,604 $ 251,030 $ 133,462

Less: Average preferred equity 4,585 5,502 5,502 5,502 5,502

Average common equity 408,627 315,115 277,102 245,528 127,960

Less: average intangible assets 9,733 9,733 9,733 9,733 9,733

Average tangible common equity $ 398,894 $ 305,382 $ 267,369 $ 235,795 $ 118,227

Total assets $ 7,116,358 $ 4,330,821 $ 3,357,572 $ 2,182,644 $ 1,759,855

Less: intangible assets 9,733 9,733 9,733 9,733 9,733

Tangible assets $ 7,106,625 $ 4,321,088 $ 3,347,839 $ 2,172,911 $ 1,750,122

Total Equity $ 556,989 $ 340,787 $ 299,124 $ 264,517 $ 236,884

Less: preferred equity — 5,502 5,502 5,502 5,502

Common Equity 556,989 335,285 293,622 259,015 231,382

Less: intangible assets 9,733 9,733 9,733 9,733 9,733

Tangible common equity (book value) $ 547,256 $ 325,552 $ 283,889 $ 249,282 $ 221,649

Tangible common equity (book value) divided by: $ 547,256 $ 325,552 $ 283,889 $ 249,282 $ 221,649

Tangible assets $ 7,106,625 $ 4,321,088 $ 3,347,839 $ 2,172,911 $ 1,750,122

Tangible common equity (book value) to Tangible assets ratio 7.7% 7.5% 8.5% 11.5% 12.7%

Net income divided by: $ 60,555 $ 39,466 $ 30,134 $ 25,554 $ 12,369

Average tangible common equity $ 398,894 $ 305,382 $ 267,369 $ 235,795 $ 118,227

Return on average tangible common equity* 15.2% 12.9% 11.3% 10.8% 10.5%

Common shares outstanding 10,920,569 8,295,272 8,312,918 8,217,274 8,196,310

Book value per share (GAAP) $ 51.00 $ 40.42 $ 35.32 $ 31.52 $ 28.23

Tangible book value per share (non-GAAP)¹ $ 50.11 $ 39.25 $ 34.15 $ 30.34 $ 27.04

Total Revenue (GAAP)² $ 180,698 $ 141,924 $ 108,239 $ 83,177 $ 63,382

Less: Non-interest expense 87,312 74,518 59,955 43,471 32,745

Less: Gain (loss) on sale of securities 609 3,286 — (37) —

Pre-tax, pre-provision net revenue $ 92,777 $ 64,120 $ 48,284 $ 39,743 $ 30,637

For Year Ending

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v3.26.1

Document and Entity Information

Apr. 21, 2026

Document and Entity Information [Abstract]

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8-K

Document Period End Date

Apr. 21, 2026

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METROPOLITAN BANK HOLDING CORP.

Entity Incorporation, State or Country Code

Entity File Number

001-38282

Entity Tax Identification Number

13-4042724

Entity Address, Address Line One

99 Park Avenue

Entity Address, City or Town

New York

Entity Address State Or Province

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10016

City Area Code

212

Local Phone Number

659-0600

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MCB

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