Metropolitan Bank raises $186M, posts 92% profit jump as margin widens to 4.08%

Filed May 8, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 2, 2025 · ~1 min read

Key Changes

• high

  $186.5M equity raise (2.3M shares at $85) strengthened capital, eliminated wholesale borrowings, and improved CRE concentration ratio from 367% to 300% of risk-based capital.

  MD&A: Capital verify on EDGAR →
• high

  Net income nearly doubled to $31.4M (+92% YoY) driven by 40bp margin expansion to 4.08% and $6.4M benefit from revised credit loss methodology.

  MD&A: Results verify on EDGAR →
• high

  Non-performing loans rose to $71.1M from $34.5M a year ago; allowance fell to 1.16% of loans from 1.43% despite higher NPLs, reflecting methodology change and $12.3M in charge-offs.

  MD&A: Credit Quality verify on EDGAR →