Metropolitan Bank Q2 net income +44% YoY to $50.6M as NIM expands 32bp; ACL methodology cut Q1 provision $6.4M

Filed July 31, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 1, 2025 · ~2 min read

Key Changes

• high

  Six-month net income rose 44% to $50.6M, driven by $35.8M higher net interest income and $2.8M lower FDIC assessments, partially offset by $7.5M higher compensation and a $1.8M legal accrual. Q2 NIM expanded 32bp to 4.08% on lower short-term rates.

  MD&A: Net Income & NIM verify on EDGAR →
• high

  Q1 2026 ACL methodology revision (peer group, forecast weightings, qualitative factors) reduced provision $6.4M ($4.6M after tax, $0.43/share). ACL fell to $62.0M from $97.1M at year-end, driven by this change and charge-offs of two out-of-market CRE relationships.

  MD&A: ACL Methodology verify on EDGAR →
• high

  Six-month provision was $11.0M, flat YoY, but includes $19.3M of credit losses (one C&I loan in non-core segment, three loans charged off Q1) offset by the $6.4M methodology benefit. Net charge-off ratio rose to 1.35% from 0.00% prior year.

  MD&A: Provision & Charge-offs verify on EDGAR →