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Get filing alertsMetropolitan Bank authorizes up to $50M share repurchase program
Filed June 22, 2026 · Period ending June 19, 2026 · ~1 min read
Key Changes
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Board approved a new up to $50 million share repurchase program on June 19, 2026, replacing the prior July 2025 authorization. The company will fund repurchases with available cash.
Item 8.01 verify on EDGAR → -
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The program has no expiration date and may be suspended or discontinued at any time at management's discretion. The company is not obligated to repurchase any specific amount.
Item 8.01 verify on EDGAR →
Summary
Metropolitan Bank's board authorized a new up to $50 million share repurchase program, replacing the previous authorization from July 2025. The company will fund buybacks with available cash and may execute repurchases on the open market or through other means including Rule 10b5-1 plans. Timing and volume will depend on market conditions, share price, and regulatory requirements.
For retail holders, this signals management's view that the stock may be undervalued and represents a return of capital to shareholders. However, the program carries no obligation to repurchase any shares and has no expiration date, giving management full discretion. The up to $50 million authorization represents a modest capital allocation relative to typical bank holding company programs, and actual buyback activity will depend on the company's assessment of competing uses of capital and market conditions.
Section-by-Section Diff
Event · Item 8.01 — Other Events
Item 8.01 — Other Events filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On June 19, 2026, the board of directors of Metropolitan Bank Holding Corp. (the “Company”) approved a new share repurchase program pursuant to which the Company is authorized to repurchase up to $50.0 million of its outstanding common stock, par value $0.01 per share (the “Share Repurchase Program”).
The board authorized a new $50 million share repurchase program on June 19, 2026. This program replaces the prior authorization from July 17, 2025. The company may repurchase shares on the open market or through other means including Rule 10b5-1 plans, with timing and volume dependent on market conditions, share price, and regulatory requirements.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
The Company intends to fund the Share Repurchase Program with available cash. The Share Repurchase Program has no expiration date, may be discontinued or suspended at any time and does not obligate the Company to acquire any amount of its common stock.
The repurchase program will be funded with available cash and has no expiration date. The company retains full discretion to suspend, discontinue, or not execute any repurchases under the program. This flexibility allows management to adjust capital allocation based on evolving business needs and market conditions.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 22, 2026 · How we verify