Metropolitan Bank Q3 2026 profit rises to $32.4M

$4.2 billion in cash at the Federal Reserve Bank of New York and available secured funding capacity equaled 185% of estimated uninsured deposits.

Rhea-AI Filing Summary

Metropolitan Bank Holding Corp. reported third-quarter 2026 net income of $32.4 million, or $2.58 per diluted share, compared with $19.2 million and $1.54 in the second quarter of 2026 and $7.1 million and $0.67 in the third quarter of 2025. Net interest income was $97.6 million, up 7.9% from the prior quarter and 26.3% year over year. Net interest margin reached 4.36%, up 28 and 48 basis points, respectively. The board declared a quarterly cash dividend of $0.40 per common share on October 19, 2026.

At September 30, 2026, loans totaled $7.5 billion and deposits $8.3 billion, up 2.8% and 7.6%, respectively, from June 30, 2026. The holding company and Metropolitan Commercial Bank reported total risk-based capital ratios of 13.9% and 13.5%, respectively. The non-performing loan ratio was 0.95%, compared with 0.91% at June 30, 2026 and 1.20% at September 30, 2025. Margin expansion reflected higher yields on loans and securities, elevated prepayment penalties and deferred fee recognition tied to loan payoffs, and a lower cost of funds.

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Positive

• Moderate pointNet income reached $32.4 million, versus $7.1 million in third-quarter 2025.
• Moderate pointNet interest income increased 26.3% year over year to $97.6 million.

Negative

• None.

Filing Explained

The release adds a liquidity measure: at September 30, 2026, the Bank reported $4.2 billion in cash on deposit at the Federal Reserve and available secured funding capacity—combined, not cash alone—equal to 185% of estimated uninsured deposits.

8-K Event Classification

3 items: 2.02, 7.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Net income: $32.4 million Diluted earnings per share: $2.58 per diluted share Net interest income: $97.6 million +5 more

8 metrics

Net income $32.4 million Third quarter of 2026

Diluted earnings per share $2.58 per diluted share Third quarter of 2026

Net interest income $97.6 million Third quarter of 2026; up 26.3% year over year

Net interest margin 4.36% Third quarter of 2026; up 48 basis points year over year

Total loans $7.5 billion At September 30, 2026

Total deposits $8.3 billion At September 30, 2026

Quarterly cash dividend $0.40 per common share Declared October 19, 2026

Cash on deposit and available secured funding capacity $4.2 billion; 185% of estimated uninsured deposits At September 30, 2026

Key Terms

Net interest margin, deferred fee recognition, non-accrual status, well capitalized

4 terms

Net interest margin financial

"Net interest margin for the third quarter of 2026 was 4.36%"

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

deferred fee recognition financial

"deferred fee recognition as a result of an increased level of loan payoffs"

non-accrual status financial

"a single CRE loan being placed on non-accrual status"

A loan or credit account is placed in non-accrual status when the lender stops recording expected interest income because the borrower is not making scheduled payments or repayment is doubtful. Think of it like a landlord who stops counting unpaid rent as future income once a tenant stops paying; it signals rising credit problems and potential losses. For investors, non-accrual levels indicate loan quality and can foreshadow write-downs, lower earnings, and increased risk to a lender’s balance sheet.

well capitalized regulatory

"The Bank remains “well capitalized” under all applicable regulatory guidelines"

Earnings Snapshot

Net income: $32.4 million

Third quarter of 2026

Net income $32.4 million Compared with $7.1 million in the third quarter of 2025

Diluted earnings per share $2.58 Compared with $0.67 in the third quarter of 2025

Net interest income $97.6 million Up 26.3% year over year

Net interest margin 4.36% Up 48 basis points year over year

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were MCB's earnings in the third quarter of 2026?

MCB reported third-quarter 2026 net income of $32.4 million and diluted EPS of $2.58. That compared with $19.2 million and $1.54 in the second quarter of 2026, and $7.1 million and $0.67 in the third quarter of 2025.

What drove MCB's net interest margin higher in Q3 2026?

Net interest margin was 4.36%, up 48 basis points year over year. Metropolitan Bank Holding Corp. attributed the increase largely to higher yields on average loan and securities balances, elevated prepayment penalties and deferred fee recognition from increased loan payoffs, and a lower cost of funds.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/20/2026 - 04:21 PM EDT Accepted by SEC EDGAR 10/20/2026 - 04:20 PM EDT Learn about SEC filing dates

0001476034false00014760342026-10-202026-10-20

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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): October 20, 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

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On October 20, 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 third 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.

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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 third 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 October 20, 2026
99.2		Presentation Materials
104		Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)

​

​

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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.

​

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 METROPOLITAN BANK HOLDING CORP.

​

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Dated: October 20, 2026By:/s/ Daniel F. Dougherty

Daniel F. Dougherty

Executive Vice President and

Chief Financial Officer

Exhibit 99.1

​

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Release: 4:05 P.M. October 20, 2026

212-365-6721

IR@MCBankNY.com

​

Metropolitan Bank Holding Corp. Reports Third Quarter 2026 Results

Net Interest Margin Expansion to 4.36%

Diluted EPS of $2.58

​

Financial Highlights

●Diluted earnings per share was $2.58 for the third quarter of 2026, compared to $1.54 for the prior linked quarter and $0.67 for the prior year period.

●Net interest income for the third quarter of 2026 was $97.6 million, an increase of $7.2 million, or 7.9%, compared to the prior linked quarter and an increase of $20.3 million, or 26.3%, compared to the prior year period.

●The net interest margin for the third quarter of 2026 was 4.36%, an increase of 28 basis points compared to the prior linked quarter and an increase of 48 basis points compared to the prior year period.

●Annualized return on average equity of 13.1% and annualized return on average tangible common equity¹ of 13.2% for the third quarter of 2026.

●In support of the Company’s focus on delivering strong shareholder returns, on October 19, 2026, the board of directors declared a quarterly cash dividend of $0.40 per share on the Company’s common stock.

●Total loans at September 30, 2026 were $7.5 billion, an increase of $205.0 million, or 2.8%, from June 30, 2026 and an increase of $723.6 million, or 10.6%, from December 31, 2025.

●Total deposits at September 30, 2026 were $8.3 billion, an increase of $589.1 million, or 7.6%, from June 30, 2026 and an increase of $943.4 million, or 12.8%, from December 31, 2025.

●At September 30, 2026, the Company and Bank displayed strong total risk-based capital ratios of 13.9% and 13.5%, respectively, well above regulatory minimums. The Bank remains “well capitalized” under all applicable regulatory guidelines.

​

¹ Non-GAAP financial measure. See Reconciliation of Non-GAAP Measures on page 13.

​

NEW YORK, October 20, 2026 ‒ Metropolitan Bank Holding Corp. (the “Company”) (NYSE: MCB), the holding company for Metropolitan Commercial Bank (the “Bank”), reported net income of $32.4 million, or $2.58 per diluted common share, for the third quarter of 2026 compared to $19.2 million, or $1.54 per diluted common share, for the second quarter of 2026 and $7.1 million, or $0.67 per diluted common share, for the third quarter of 2025.

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Mark DeFazio, President and Chief Executive Officer, commented,

“Our third-quarter performance reflects strong execution across the franchise, with disciplined loan and deposit growth, lower funding costs and continued net interest margin expansion driving meaningful earnings growth. We remain well capitalized, with robust liquidity, and the increase in our quarterly dividend reflects our confidence in the Company’s performance and long-term outlook.”

Balance Sheet

Total loans, net of deferred fees and unamortized costs, were $7.5 billion at September 30, 2026, an increase of $205.0 million, or 2.8%, from June 30, 2026, and an increase of $752.2 million, or 11.1%, from September 30, 2025. The increase in total loans from June 30, 2026 was due primarily to an increase of $164.5 million in commercial real estate (“CRE”) loans (including owner-occupied), an increase of $24.3 million in commercial and industrial (“C&I”) loans and an increase of $19.7 million in construction loans. The increase in total loans from September 30, 2025 was due primarily to an increase of $859.3 million in CRE loans (including owner-occupied), partially offset by a decrease of $97.3 million in C&I loans and a decrease of $8.0 million in construction loans.

Total securities were $1.5 billion at September 30, 2026, an increase of $399.5 million, or 36.7%, from June 30, 2026, and an increase of $553.5 million, or 59.2%, from September 30, 2025. The increase in securities from June 30, 2026 was due primarily to the deployment of excess cash into short-term securities.

Total deposits were $8.3 billion at September 30, 2026, an increase of $589.1 million, or 7.6%, from June 30, 2026, and an increase of $1.2 billion, or 17.6%, from September 30, 2025. The increase in deposits from June 30, 2026 and September 30, 2025 was primarily driven by the Bank’s EB-5 (Immigrant Investor Program), Home Owners Association banking and retail deposit verticals.

The Bank’s liquidity position remains robust. At September 30, 2026, cash on deposit with the Federal Reserve Bank of New York and available secured funding capacity totaled $4.2 billion, which represented 185% of our estimated uninsured deposits. Total cash and cash equivalents were $247.0 million at September 30, 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 301.1% of total risk-based capital at September 30, 2026, compared to 304.1% and 376.3% at June 30, 2026 and September 30, 2025, respectively. The CRE loan concentration ratio declined from September 30, 2025 primarily owing to the increase in the Bank’s total capital as a result of the completion of the Company’s follow-on public equity offering of common stock in the first quarter of 2026.

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Income Statement

Financial Highlights

​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​ ​ ​	Three months ended								​	​	Nine months ended
​	​	Sept. 30,		​	Jun. 30,		​	Sept. 30,		​	​	Sept. 30,		​	Sept. 30,		​
(dollars in thousands, except per share data)	​	2026		​	2026		​	2025		​	​	2026		​	2025		​
Total revenues(1)	​	$	100,563	​	$	93,010	​	$	79,838	​	​	$	282,063	​	$	226,698	​
Net income (loss)	​	$	32,437	​	$	19,223	​	$	7,119	​	​	$	83,086	​	$	42,240	​
Diluted earnings (loss) per common share	​	$	2.58	​	$	1.54	​	$	0.67	​	​		6.91	​		3.89	​
Return on average assets(2)	​		1.43	%		0.86	%		0.35	%	​		1.26	%		0.73	%
Return on average equity(2)	​		13.1	%		8.0	%		3.9	%	​		12.0	%		7.7	%
Return on average tangible common equity(2), (3)	​		13.2	%		8.1	%		3.9	%	​		12.1	%		7.8	%

​

(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 13.

​

Net Interest Income

Net interest income for the third quarter of 2026 was $97.6 million compared to $90.4 million for the prior linked quarter and $77.3 million for the prior year period. The $7.2 million increase from the prior linked quarter was primarily due to an increase in the average balance of loans and, to a lesser extent, securities, a decrease in the average balance of interest-bearing deposits and a decrease in the total cost of funds, partially offset by a decrease in overnight deposits. The $20.3 million increase from the prior year period was primarily due 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 third quarter of 2026 was 4.36% compared to 4.08% and 3.88% for the prior linked quarter and prior year period, respectively. The 28 basis point increase from the prior linked quarter and the 48 basis point increase from the prior year period were driven largely by an increase in yields on the average balance of loans and securities, in combination with elevated prepayment penalties and deferred fee recognition as a result of an increased level of loan payoffs, as well as a decrease in the cost of funds.

The total cost of funds for the third quarter of 2026 was 250 basis points compared to 257 basis points and 305 basis points for the prior linked quarter and prior year period, respectively. The decrease from the prior linked quarter primarily reflects improvements in the deposit mix. The decrease from the prior year period primarily reflects the decline in short-term interest rates.

Non-Interest Income

Non-interest income was $3.0 million for the third quarter of 2026, an increase of $392,000 from the prior linked quarter and an increase of $427,000 from the prior year period. The increase from both the prior linked quarter and prior year period was primarily due to an increase in service charges on deposit accounts, partially offset by an increase in the unrealized loss on equity securities.

Non-Interest Expense

Non-interest expense was $49.5 million for the third quarter of 2026, a decrease of $2.3 million from the prior linked quarter and an increase of $3.7 million from the prior year period. The $2.3 million decrease from the prior linked quarter was primarily due to a decrease of $1.8 million in other operating expenses, a $1.1 million decrease in

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professional fees and a $946,000 decrease in technology costs, partially offset by a $1.7 million increase in deposit related program fees.

The $3.7 million increase from the prior year period was due primarily to a $4.1 million increase in compensation and benefits and a $1.8 million increase in deposit related program fees, partially offset by a $1.5 million decrease in technology costs and a $1.1 million decrease in the Federal Deposit Insurance Corporation (“FDIC”) assessment.

​

Income Tax Expense

The effective tax rate for the third quarter of 2026 was 29.5% compared to 31.1% for the prior linked quarter and 30.1% for the prior year period. The decline in the effective tax rate reflects the Company's initiation of an investment tax credit purchase program. 

Asset Quality

The ratio of non-performing loans to total loans was 0.95% at September 30, 2026, compared to 0.91% at June 30, 2026 and 1.20% at September 30, 2025. The slight increase in the non-performing loan ratio from the prior linked quarter was primarily attributable to a single CRE loan being placed on non-accrual status. The decrease from the prior year period reflects the resolution and charge-off of a single CRE loan relationship and a single non-core C&I loan relationship.

The allowance for credit losses was $64.2 million at September 30, 2026, an increase of $2.2 million from June 30, 2026, and a decrease of $30.0 million from September 30, 2025. The increase from June 30, 2026 primarily reflects a modest increase in specific reserves and loan growth. The decrease from September 30, 2025 was primarily due to enhancements made to the Bank’s allowance for credit loss estimation process implemented in the first quarter of 2026, as well as the charge-off of the aforementioned previously reserved CRE loan relationship in the second quarter of 2026, partially offset by loan growth.

Conference Call

The Company will conduct a conference call at 9:00 a.m. ET on Wednesday, October 21, 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: MCBQ326 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 Commercial Bank (“MCB”) is a New York City–based, full-service commercial bank serving businesses, institutions, and individuals who value expertise, responsiveness, and long-term partnerships. Since 1999, MCB has built enduring client relationships, many spanning generations, by delivering consistent, relationship-driven banking.

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The Bank provides a full suite of commercial, business, and personal banking solutions, with deep expertise in sectors including real estate, property management, legal services, healthcare, government, and global investors utilizing EB-5 financial solutions. MCB combines specialized capabilities with a highly personalized approach, offering integrated solutions such as title and escrow services, 1031 exchanges, and merchant acquiring.

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MCB has received national recognition for its performance and innovation, including being named one of Newsweek’s Best Regional Banks in 2024 and 2025 and earning industry recognition for its lending performance and specialized commercial banking capabilities.

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MCB operates full-service banking centers in Manhattan and Boro Park, Brooklyn, within New York City; Great Neck on Long Island; Lakewood, New Jersey; and in South Florida, including Miami, and West Palm Beach.

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Metropolitan Commercial 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. The Bank’s parent company is Metropolitan Bank Holding Corp. (NYSE: MCB).

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For more information, please visit the Bank’s website at MCBankNY.com.

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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 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, nonperforming loan resolutions 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.

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Consolidated Balance Sheet (unaudited)

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Sept. 30,

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Jun. 30,

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Mar. 31,

​

Dec. 31,

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Sept. 30,

(in thousands)

​ ​ ​

2026

​

2026

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2026

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2025

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2025

Assets

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​

​

​

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​

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​

​

​

​

​

​

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Cash and due from banks

​

$

10,924

​

$

10,253

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$

12,034

​

$

12,086

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$

13,109

Overnight deposits

​

236,080

​

229,011

​

660,359

​

​

381,501

​

​

372,827

Total cash and cash equivalents

​

247,004

​

239,264

​

672,393

​

​

393,587

​

​

385,936

Investment securities available-for-sale

​

1,017,359

​

667,778

​

649,719

​

​

578,932

​

​

552,441

Investment securities held-to-maturity

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464,744

​

415,041

​

347,868

​

​

356,627

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​

376,447

Equity investment securities, at fair value

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​

5,852

​

​

5,646

​

​

5,625

​

​

5,609

​

​

5,548

Total securities

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1,487,955

​

1,088,465

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1,003,212

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​

941,168

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​

934,436

Other investments

​

27,532

​

27,759

​

20,725

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​

20,632

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​

27,330

Loans, net of deferred fees and unamortized costs

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7,533,879

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7,328,903

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7,046,547

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​

6,810,233

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​

6,781,703

Allowance for credit losses

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(64,150)

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(62,012)

​

(82,071)

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​

(97,081)

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​

(94,239)

Net loans

​

7,469,729

​

7,266,891

​

6,964,476

​

​

6,713,152

​

​

6,687,464

Other assets

​

​

238,700

​

​

236,304

​

​

183,318

​

​

187,177

​

​

199,264

Total assets

​

$

9,470,920

​

$

8,858,683

​

$

8,844,124

​

$

8,255,716

​

$

8,234,430

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Liabilities and Stockholders' Equity

​

​

​

​

​

​

​

​

​

​

​

​

Deposits

​

​

​

​

​

​

​

​

​

​

​

​

Non-interest-bearing demand deposits

​

$

1,791,652

​

$

1,591,126

​

$

1,539,553

​

$

1,479,420

​

$

1,382,345

Interest-bearing deposits

​

6,528,920

​

6,140,356

​

6,200,166

​

5,897,758

​

​

5,690,414

Total deposits

​

8,320,572

​

7,731,482

​

7,739,719

​

7,377,178

​

​

7,072,759

Federal funds purchased

​

​

—

​

​

—

​

​

—

​

​

—

​

​

125,000

Federal Home Loan Bank of New York advances

​

​

—

​

​

—

​

​

—

​

​

—

​

​

150,000

Trust preferred securities

​

20,620

​

20,620

​

20,620

​

​

20,620

​

​

20,620

Secured and other borrowings

​

​

15,914

​

​

15,938

​

​

15,975

​

​

10,975

​

​

17,355

Other liabilities

​

​

139,134

​

​

122,477

​

​

119,471

​

​

103,831

​

​

116,656

Total liabilities

​

8,496,240

​

7,890,517

​

7,895,785

​

​

7,512,604

​

​

7,502,390

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Common stock

​

136

​

136

​

136

​

​

113

​

​

113

Additional paid in capital

​

591,979

​

588,133

​

584,524

​

​

405,565

​

​

403,708

Retained earnings

​

523,132

​

495,034

​

479,177

​

​

450,639

​

​

423,338

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

​

(54,636)

​

(39,044)

​

(39,233)

​

​

(39,739)

​

​

(41,852)

Treasury stock, at cost

​

​

(85,931)

​

​

(76,093)

​

​

(76,265)

​

​

(73,466)

​

​

(53,267)

Total stockholders’ equity

​

974,680

​

968,166

​

948,339

​

​

743,112

​

​

732,040

Total liabilities and stockholders’ equity

​

$

9,470,920

​

$

8,858,683

​

$

8,844,124

​

$

8,255,716

​

$

8,234,430

​

​

​

7

​

Consolidated Statement of Income (unaudited)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​ ​ ​

Three months ended

​

Nine months ended

​

​

Sept. 30,

​

Jun. 30,

​

Sept. 30,

​

Sept. 30,

​

Sept. 30,

(dollars in thousands, except per share data)

​ ​ ​

2026

​

2026

​

2025

​ ​ ​

2026

​

2025

Total interest income

​

$

147,188

​

$

140,938

​

$

132,000

​

$

423,058

​

$

377,813

Total interest expense

​

49,579

​

50,490

​

54,689

​

149,092

​

159,903

Net interest income

​

97,609

​

90,448

​

77,311

​

273,966

​

217,910

Provision for credit losses

​

5,095

​

13,325

​

23,862

​

16,120

​

34,746

Net interest income after provision for credit losses

​

92,514

​

77,123

​

53,449

​

257,846

​

183,164

​

​

​

​

​

​

​

​

​

​

​

Non-interest income

​

​

​

​

​

​

​

​

​

​

Service charges on deposit accounts

​

2,590

​

2,229

​

2,047

​

7,093

​

6,351

Other income

​

​

364

​

​

333

​

​

480

​

​

1,004

​

​

2,437

Total non-interest income

​

2,954

​

2,562

​

2,527

​

8,097

​

8,788

​

​

​

​

​

​

​

​

​

​

​

Non-interest expense

​

​

​

​

​

​

​

​

​

​

Compensation and benefits

​

25,782

​

25,362

​

21,674

​

75,292

​

63,668

Bank premises and equipment

​

3,181

​

3,472

​

2,664

​

9,382

​

7,640

Professional fees

​

3,507

​

4,615

​

3,506

​

11,351

​

12,075

Technology costs

​

3,758

​

4,704

​

5,297

​

12,658

​

11,170

Deposit related program fees

​

​

8,635

​

​

6,892

​

​

6,800

​

​

22,326

​

​

16,954

FDIC assessments

​

​

900

​

​

1,290

​

​

1,972

​

​

4,040

​

​

7,938

Other expenses

​

3,727

​

5,467

​

3,881

​

12,643

​

12,180

Total non-interest expense

​

49,490

​

51,802

​

45,794

​

147,692

​

131,625

​

​

​

​

​

​

​

​

​

​

​

Net income before income tax expense

​

45,978

​

27,883

​

10,182

​

118,251

​

60,327

Income tax expense

​

13,541

​

8,660

​

3,063

​

35,165

​

18,087

Net income (loss)

​

$

32,437

​

$

19,223

​

$

7,119

​

$

83,086

​

$

42,240

​

​

​

​

​

​

​

​

​

​

​

​

Earnings per common share:

​

​

​

​

​

​

​

​

​

​

​

Average common shares outstanding:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Basic

​

​

12,390,315

​

​

12,381,794

​

​

10,398,255

​

​

11,892,798

​

​

10,722,311

Diluted

​

​

12,570,904

​

​

12,515,939

​

​

10,587,402

​

​

12,026,178

​

​

10,846,871

Basic earnings (loss)

​

$

2.62

​

$

1.55

​

$

0.68

​

$

6.99

​

$

3.94

Diluted earnings (loss)

​

$

2.58

​

$

1.54

​

$

0.67

​

$

6.91

​

$

3.89

​

​

​

8

​

​

Loan Production, Asset Quality & Regulatory Capital

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​ ​ ​

Sept. 30,

​

Jun. 30,

​

Mar. 31,

​

Dec. 31,

​

Sept. 30,

​

​

​

2026

​

2026

​

2026

​

2025

​ ​ ​

2025

​

LOAN PRODUCTION (in millions)

​

$

918.0

​

$

718.9

​

$

428.3

​

$

510.9

​

$

514.2

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

ASSET QUALITY (in thousands)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Non-performing loans:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Commercial real estate

​

$

58,084

​

$

53,307

​

$

68,635

​

$

75,408

​

$

70,122

​

Commercial and industrial

​

​

11,262

​

​

11,262

​

​

—

​

​

8,989

​

​

8,989

​

One- to four- family

​

​

2,341

​

​

2,401

​

​

2,416

​

​

2,450

​

​

2,451

​

Consumer

​

​

—

​

​

—

​

​

—

​

​

37

​

​

—

​

Total non-performing loans

​

$

71,687

​

$

66,970

​

$

71,051

​

$

86,884

​

$

81,562

​

Non-performing loans to total loans

​

0.95

%

0.91

%

1.01

%

1.28

%

1.20

%

Allowance for credit losses

​

$

64,150

​

$

62,012

​

$

82,071

​

$

97,081

​

$

94,239

​

Allowance for credit losses to total loans

​

0.85

%

0.85

%

1.16

%

1.43

%

1.39

%

Charge-offs

​

$

(3,463)

​

$

(34,838)

​

$

(12,455)

​

$

—

​

$

(3,858)

​

Recoveries

​

$

112

​

$

614

​

$

14

​

$

58

​

$

72

​

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

​

​

0.18

%

​

1.95

%

​

0.73

%

​

—

%

​

0.22

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

REGULATORY CAPITAL

​

​

​

​

​

​

​

​

​

​

​

Tier 1 Leverage:

​

​

​

​

​

​

​

​

​

​

​

Metropolitan Bank Holding Corp.

​

11.5

%

11.3

%

11.6

%

9.5

%

9.8

%

Metropolitan Commercial Bank

​

11.1

%

11.1

%

11.4

%

9.1

%

9.4

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Common Equity Tier 1 Risk-Based (CET1):

​

​

​

​

​

​

​

​

​

​

​

Metropolitan Bank Holding Corp.

​

12.8

%

12.9

%

13.2

%

10.7

%

10.6

%

Metropolitan Commercial Bank

​

12.6

%

12.9

%

13.1

%

10.5

%

10.4

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Tier 1 Risk-Based:

​

​

​

​

​

​

​

​

​

​

​

​

Metropolitan Bank Holding Corp.

​

13.1

%

13.2

%

13.4

%

11.0

%

10.9

%

Metropolitan Commercial Bank

​

12.6

%

12.9

%

13.1

%

10.5

%

10.4

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total Risk-Based:

​

​

​

​

​

​

​

​

​

​

​

​

Metropolitan Bank Holding Corp.

​

13.9

%

14.0

%

14.6

%

12.3

%

12.2

%

Metropolitan Commercial Bank

​

13.5

%

13.7

%

14.3

%

11.7

%

11.7

%

​

​

9

​

Performance Measures

​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	Three months ended								​	Nine months ended
​	​	Sept. 30,		​	Jun. 30,		​	Sept. 30,		​	Sept. 30,		​	Sept. 30,		​
(dollars in thousands, except per share data)	​ ​ ​	2026		​	2026		​	2025		​ ​ ​	2026		​	2025
Net income (loss) available to common shareholders	​	$	32,437	​	$	19,223	​	$	7,119	​	$	83,086	​	$	42,240	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Per common share:	​		​	​		​	​		​	​		​	​		​	​
Basic earnings (loss)	​	$	2.62	​	$	1.55	​	$	0.68	​	$	6.99	​	$	3.94	​
Diluted earnings (loss)	​	$	2.58	​	$	1.54	​	$	0.67	​	$	6.91	​	$	3.89	​
Common shares outstanding:	​		​	​		​	​		​	​		​	​		​	​
Period end	​		12,285,553	​		12,395,278	​		10,382,218	​		12,285,553	​		10,382,218	​
Average fully diluted	​		12,570,904	​		12,515,939	​		10,587,402	​		12,026,178	​		10,846,871	​
Return on:(1)	​		​	​		​	​		​	​		​	​		​	​
Average total assets	​		1.43	%		0.86	%		0.35	%		1.26	%		0.73	%
Average equity	​	​	13.1	%	​	8.0	%	​	3.9	%	​	12.0	%	​	7.7	%
Average tangible common equity(2), (3)	​	​	13.2	%	​	8.1	%	​	3.9	%	​	12.1	%	​	7.8	%
Yield on average earning assets(1)	​		6.57	%		6.35	%		6.62	%		6.45	%		6.59	%
Total cost of deposits(1)	​	​	2.49	%	​	2.57	%	​	2.98	%	​	2.55	%	​	3.03	%
Net interest spread(1)	​		3.42	%		3.13	%		2.85	%		3.25	%		2.72	%
Net interest margin(1)	​		4.36	%		4.08	%		3.88	%		4.17	%		3.80	%
Net charge-offs as % of average loans(1)	​		0.18	%		1.95	%		0.22	%		0.94	%		0.08	%
Efficiency ratio(4)	​		49.2	%		55.7	%		57.4	%		52.4	%		58.1	%

​

(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 13.

(4)Determined by dividing total non-interest expense by total revenues.

10

​

Interest Margin Analysis

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three months ended

​

​

​

Sept. 30, 2026

​

​

Jun. 30, 2026

​

​

Sept. 30, 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)

​

$

7,331,185

​

$

134,375

7.27

%

​

$

7,023,237

​

$

125,642

7.18

%

​

$

6,690,695

​

$

123,521

7.32

%

Available-for-sale securities

​

759,093

​

6,318

3.30

​

​

727,655

​

5,984

3.30

​

​

626,434

​

4,224

2.68

​

Held-to-maturity securities

​

438,273

​

2,876

2.60

​

​

363,589

​

1,866

2.06

​

​

383,238

​

1,780

1.84

​

Equity investments

​

​

6,049

​

​

46

​

3.00

​

​

​

5,918

​

​

45

​

3.04

​

​

​

5,751

​

​

43

​

2.94

​

Overnight deposits

​

328,100

​

3,179

3.84

​

​

750,213

​

7,010

3.75

​

​

177,016

​

1,995

4.47

​

Other interest-earning assets

​

27,724

​

394

5.64

​

​

25,331

​

391

6.19

​

​

27,564

​

437

6.29

​

Total interest-earning assets

​

8,890,424

​

147,188

6.57

​

​

8,895,943

​

140,938

6.35

​

​

7,910,698

​

132,000

6.62

​

Non-interest-earning assets

​

179,637

​

​

​

​

​

155,960

​

​

​

​

​

128,891

​

​

​

​

Allowance for credit losses

​

(61,704)

​

​

​

​

​

(80,257)

​

​

​

​

​

(74,877)

​

​

​

​

Total assets

​

$

9,008,357

​

​

​

​

​

$

8,971,646

​

​

​

​

​

$

7,964,712

​

​

​

​

Liabilities and Stockholders' Equity:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Interest-bearing liabilities:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Money market and savings accounts

​

$

6,079,932

​

​

47,972

3.13

​

​

$

6,110,436

​

​

48,800

3.20

​

​

$

5,340,340

​

​

49,856

3.70

​

Certificates of deposit

​

142,018

​

1,302

3.64

​

​

152,062

​

1,394

3.68

​

​

126,600

​

1,321

4.14

​

Total interest-bearing deposits

​

6,221,950

​

49,274

3.14

​

​

6,262,498

​

50,194

3.21

​

​

5,466,940

​

51,177

3.71

​

Borrowed funds

​

20,620

​

305

5.84

​

​

20,620

​

296

5.76

​

​

289,517

​

3,512

4.81

​

Total interest-bearing liabilities

​

6,242,570

​

49,579

3.15

​

​

6,283,118

​

50,490

3.22

​

​

5,756,457

​

54,689

3.77

​

Non-interest-bearing liabilities:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Non-interest-bearing deposits

​

1,626,652

​

​

​

​

​

1,583,067

​

​

​

​

​

1,354,163

​

​

​

​

Other non-interest-bearing liabilities

​

154,646

​

​

​

​

​

140,438

​

​

​

​

​

122,811

​

​

​

​

Total liabilities

​

8,023,868

​

​

​

​

​

8,006,623

​

​

​

​

​

7,233,431

​

​

​

​

Stockholders' equity

​

984,489

​

​

​

​

​

965,023

​

​

​

​

​

731,281

​

​

​

​

Total liabilities and equity

​

$

9,008,357

​

​

​

​

​

$

8,971,646

​

​

​

​

​

$

7,964,712

​

​

​

​

Net interest income

​

​

​

$

97,609

​

​

​

​

​

$

90,448

​

​

​

​

​

$

77,311

​

​

Net interest rate spread (3)

​

​

​

​

3.42

%

​

​

​

​

3.13

%

​

​

​

​

2.85

%

Net interest margin (4)

​

​

​

​

4.36

%

​

​

​

​

4.08

%

​

​

​

​

3.88

%

Total cost of deposits (5)

​

​

​

​

​

​

​

2.49

%

​

​

​

​

​

​

​

2.57

%

​

​

​

​

​

​

​

2.98

%

Total cost of funds (6)

​

​

​

​

​

​

​

2.50

%

​

​

​

​

​

​

​

2.57

%

​

​

​

​

​

​

​

3.05

%

​

(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.

​

11

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Nine months ended

​

​

​

Sept. 30, 2026

​

​

Sept. 30, 2025

​

​

Average

​

​

​

​

Yield /

​

​

Average

​

​

​

​

Yield /

(dollars in thousands)

​

Balance

​

Interest

​

Rate (1)

​

​

Balance

​

Interest

​

Rate (1)

Assets:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Interest-earning assets:

​

​

​

​

​

​

​

​

​

​

​

​

Loans (2)

​

$

7,095,282

​

$

382,611

7.21

%

​

$

6,461,679

​

$

353,160

7.31

%

Available-for-sale securities

​

713,284

​

17,284

3.24

​

​

603,841

​

11,523

2.55

​

Held-to-maturity securities

​

385,246

​

6,406

2.22

​

​

398,188

​

5,572

1.87

​

Equity investments

​

​

5,947

​

​

135

​

3.03

​

​

​

5,608

​

​

124

​

2.95

​

Overnight deposits

​

551,311

​

15,518

3.76

​

​

​

171,892

​

5,998

4.67

​

Other interest-earning assets

​

24,608

​

1,104

6.00

​

​

​

28,709

​

1,436

6.69

​

Total interest-earning assets

​

8,775,678

​

423,058

6.45

​

​

​

7,669,917

​

377,813

6.59

​

Non-interest-earning assets

​

145,924

​

​

​

​

​

133,116

​

​

​

​

Allowance for credit losses

​

(79,784)

​

​

​

​

​

(69,513)

​

​

​

​

Total assets

​

$

8,841,818

​

​

​

​

​

$

7,733,520

​

​

​

​

Liabilities and Stockholders' Equity:

​

​

​

​

​

​

​

​

​

​

​

​

Interest-bearing liabilities:

​

​

​

​

​

​

​

​

​

​

​

​

Money market and savings accounts

​

$

6,050,890

​

​

143,771

3.18

​

​

$

5,073,383

​

$

144,154

3.80

​

Certificates of deposit

​

159,412

​

4,428

3.71

​

​

128,856

​

4,024

4.18

​

Total interest-bearing deposits

​

6,210,302

​

148,199

3.19

​

​

5,202,239

​

148,178

3.81

​

Borrowed funds

​

21,286

​

893

5.61

​

​

326,954

​

11,725

4.79

​

Total interest-bearing liabilities

​

6,231,588

​

149,092

3.20

​

​

5,529,193

​

159,903

3.87

​

Non-interest-bearing liabilities:

​

​

​

​

​

​

​

​

​

​

​

​

Non-interest-bearing deposits

​

1,556,919

​

​

​

​

​

1,344,086

​

​

​

​

Other non-interest-bearing liabilities

​

126,869

​

​

​

​

​

128,004

​

​

​

​

Total liabilities

​

7,915,376

​

​

​

​

​

7,001,283

​

​

​

​

Stockholders' equity

​

926,442

​

​

​

​

​

732,237

​

​

​

​

Total liabilities and equity

​

$

8,841,818

​

​

​

​

​

$

7,733,520

​

​

​

​

Net interest income

​

​

​

$

273,966

​

​

​

​

​

$

217,910

​

​

Net interest rate spread (3)

​

​

​

​

3.25

%

​

​

​

​

2.72

%

Net interest margin (4)

​

​

​

​

4.17

%

​

​

​

​

3.80

%

Total cost of deposits (5)

​

​

​

​

​

​

​

2.55

%

​

​

​

​

​

​

​

3.03

%

Total cost of funds (6)

​

​

​

​

​

​

2.56

%

​

​

​

​

3.11

%

​

(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.

​

​

12

​

​

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

​

​

Nine months ended

(dollars in thousands,

​

Sept. 30,

​

​

Jun. 30,

​

​

Mar. 31,

​

​

Dec. 31,

​

​

Sept. 30,

​

​

Sept. 30,

​

​

Sept. 30,

except per share data)

​

2026

​

​

2026

​

​

2026

​

​

2025

​

​

2025

​

​

2026

​

​

2025

Average assets

​

$

9,008,357

​

​

$

8,971,646

​

​

$

8,566,759

​

​

$

8,319,679

​

​

$

7,964,712

​

​

$

8,841,818

​

​

$

7,733,520

Less: average intangible assets

​

​

9,733

​

​

​

9,733

​

​

​

9,733

​

​

​

9,733

​

​

​

9,733

​

​

​

9,733

​

​

​

9,733

Average tangible assets (non-GAAP)

​

$

8,998,624

​

​

$

8,961,913

​

​

$

8,557,026

​

​

$

8,309,946

​

​

$

7,954,979

​

​

$

8,832,085

​

​

$

7,723,787

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Average common equity

​

$

984,489

​

​

$

965,023

​

​

$

828,131

​

​

$

735,722

​

​

$

731,281

​

​

$

926,442

​

​

$

732,237

Less: average intangible assets

​

9,733

​

​

9,733

​

​

9,733

​

​

9,733

​

​

9,733

​

​

9,733

​

​

9,733

Average tangible common equity (non-GAAP)

​

$

974,756

​

​

$

955,290

​

​

$

818,398

​

​

$

725,989

​

​

$

721,548

​

​

$

916,709

​

​

$

722,504

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total assets

​

$

9,470,920

​

​

$

8,858,683

​

​

$

8,844,124

​

​

$

8,255,716

​

​

$

8,234,430

​

​

$

9,470,920

​

​

$

8,234,430

Less: intangible assets

​

​

9,733

​

​

​

9,733

​

​

​

9,733

​

​

​

9,733

​

​

​

9,733

​

​

​

9,733

​

​

​

9,733

Tangible assets (non-GAAP)

​

$

9,461,187

​

​

$

8,848,950

​

​

$

8,834,391

​

​

$

8,245,983

​

​

$

8,224,697

​

​

$

9,461,187

​

​

$

8,224,697

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Common equity

​

$

974,680

​

​

$

968,166

​

​

$

948,339

​

​

$

743,112

​

​

$

732,040

​

​

$

974,680

​

​

$

732,040

Less: intangible assets

​

9,733

​

​

9,733

​

​

9,733

​

​

9,733

​

​

9,733

​

​

9,733

​

​

9,733

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

​

$

964,947

​

​

$

958,433

​

​

$

938,606

​

​

$

733,379

​

​

$

722,307

​

​

$

964,947

​

​

$

722,307

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Common shares outstanding

​

​

12,285,553

​

​

​

12,395,278

​

​

​

12,392,035

​

​

​

10,088,617

​

​

​

10,382,218

​

​

​

12,285,553

​

​

​

10,382,218

Book value per share (GAAP)

​

$

79.34

​

​

$

78.11

​

​

$

76.53

​

​

$

73.66

​

​

$

70.51

​

​

$

79.34

​

​

$

70.51

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

​

$

78.54

​

​

$

77.32

​

​

$

75.74

​

​

$

72.69

​

​

$

69.57

​

​

$

78.54

​

​

$

69.57

(1) Determined by dividing tangible book value by common shares outstanding at period-end.

​

​

Explanatory Note

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

13

Exhibit 99.2

3Q 2026 Investor Presentation

Contents 1 Page Disclosure 2 Performance Metrics 3 Differentiating Factors 7 Loans and Deposits 12 Selected Financial Information and Guidance 19

2 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 share repurchase program, dividend payments and statements related to the completion of the public offering of common stock and the 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, nonperforming loan resolutions 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 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 3

Metropolitan Commercial Bank Holding Corporation The Only True Mid-Sized, Publicly Traded Relationship Driven Commercial Bank Headquartered in NYC 4 Market data as of September 30, 2026 and June 30, 2026 1 Non-GAAP financial measure. See reconciliation of GAAP to Non-GAAP financial measures starting on slide 26. 2 Annualized. Recent Events • Increased quarterly common stock cash dividend from $0.35 per share to $0.40 per share. • Park Ave. Headquarters • Garment District / Times Square • Diamond District • Upper East Side • Boro Park, Brooklyn • Great Neck, Long Island • Lakewood, NJ • Miami, FL • West Palm Beach, FL Nine Strategically Located Banking Centers 3Q 2026 2Q 2026 C los ing Pric e $87.12 $98.76 Market C ap $1,070.32 M $1,224.16 M B ook Value per S hare $79.34 $78.11 Tangible B ook Value per S hare $78.54 $77.32 P /B ook Value 1.10 x 1.26 x P /Tangible B ook Value1 1.11 x 1.28 x P /E 2 9.43 x 11.13 x As s ets $9.5 B $8.9 B L oans $7.5 B $7.3 B Depos its $8.3 B $7.7 B L oans /Depos its 90.5 % 94.8 % Net Interes t Margin2 4.36 % 4.08 % Net C harge-offs / Average L oans 2 0.2 % 2.0 % E ffic ienc y R atio 49.2 % 55.7 % P re-tax, P re-P rovis ion Net R evenue / Average As s ets 1 2.25 % 1.92 % R OAA2 1.43 % 0.86 % R OAE 2 13.1 % 8.0 % R OATC E 1,2 13.2 % 8.1 % C E T1 C apital R atio 12.8 % 12.9 % Tier 1 L everage R atio 11.5 % 11.3 % Total R is k B as ed C apital R atio 13.9 % 14.0 % TC E /TA1 R atio 10.2 % 10.8 %

50 100 150 200 250 300 350 400 450 3/30/2023 9/30/2023 4/1/2024 10/2/2024 4/4/2025 10/5/2025 4/7/2026 10/8/2026 Source: Bloomberg 1 Includes CNOB, DCOM, OCFC, PFS and VLY. 2 Cumulative shareholder return (change in stock price plus reinvested dividends). Outperformance versus peers Total Return Performance NYC Middle-Market Banks1, 2 KBW Regional Banking Index (“KRX”) Metropolitan Commercial Bank 5 159 163 346 10/9/202

Source: FactSet, S&P Global Market Intelligence. 1 CAGR from December 31, 2017 through June 30, 2026. 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 to GAAP measure in the appendix to this presentation. 5 Performance since November 7, 2017 (MCB offering price of $35.00 per share) through October 9, 2026. Pre-tax, pre-provision net revenue⁴CAGR¹ 2017-2026Q2 Financial Performance Outpacing Peers Since 2017 IPO Deposits CAGR¹ 2017–2026Q2 Loans CAGR¹ 2017–2026Q2 22.2% 8.9% 13.7% MCB KRX Index² NYC Middle-Market Banks³ 6 Share price performance since IPO⁵ November 7, 2017 Tangible book value per share⁴ CAGR¹ 2017–2026Q2 Earnings per share CAGR¹ 2017–2026Q2 13.2% 6.3% 3.5% MCB KRX Index² NYC Middle-Market Banks³ 21.7% 9.2% 14.0% MCB KRX Index² NYC Middle-Market Banks³ 21.3% 8.2% 13.0% MCB KRX Index² NYC Middle-Market Banks³ 15.4% 8.9% 6.1% MCB KRX Index² NYC Middle-Market Banks³ 147.5% 26.5% 12.3% MCB KRX Index² NYC Middle-Market Banks³ , 1* , 1*

Differentiating Factors 7

Money Market & Savings, 77% Non-Int. Bearing Demand, 22% EB-5, Title & Escrow, and Time, 1% Charter Schools, 16% Municipal, 19% Bankruptcy Trustees, 6% Property Managers, 20% Deposits from Loan Customers, 16% Retail Deposits, 23% Skilled Nursing CRE and C&I, 46% Other C&I, 9% Other Owner Occupied CRE, 1% Non Owner Occupied CRE, 43% Consumer & 1-4 Family, 1% Highly Diversified Franchise Total Deposits $8.3B Manhattan, 15% Brooklyn, Bronx, Queens, 24% Long Is., 5% NJ, 11% FL, 17% Other US, 28% Loan Portfolio Sept 30, 2026 Total Loans $7.6B Total Deposits $8.3B Deposits Sept 30, 2026 Total Loans $7.6B • 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. • 3Q 2026 Cost of deposits: 2.49% 8

1.00% 1.83% 2.16% 0.36% 0.08% 1.68% 5.03% 5.15% 4.21% 3.65% 4.57% 4.78% 5.09% 4.73% 4.80% 5.33% 6.70% 6.53% 7.31% 7.21% 0.47% 0.58% 1.10% 0.43% 0.27% 0.49% 2.43% 3.22% 2.95% 2.55% 3.52% 3.70% 3.46% 3.26% 2.77% 3.49% 3.49% 3.53% 3.88% 4.17% 2017 2018 2019 2020 2021 2022 2023 2024 2025 YTD 2026 Average Fed Funds Rate¹ Average Total Cost of Deposits

8.8% 8.9% 10.6% 10.8% 10.2% 3Q 20254Q 2025 1Q 2026 2Q 20263Q 2026 Highly Liquid and Resilient Balance Sheet 73% Insured deposits Deposits ($ bn) TCE/TA Ratio1 Non-interest bearing Deposit % Deposit Profile at Sept 30, 2026 185% Uninsured Deposit Coverage Ratio2 BBB+ Kroll Deposit Rating January 2026 10

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 services to 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. 11

Loans and Deposits 12

13 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 $7.6 billion Gross Loan Portfolio1, 2 Sept 30, 2026 | $ millions Diversified Loan Portfolio September 30, 2026 44% 5% 5% 5% 5% 5% 4% 3% 2% 7% 11% 44% CRE: Skilled Nursing Facility (SNF) 5% CRE: Hospitality 5% CRE: Mixed Use 5% CRE: Multifamily 5% CRE:Office 5% CRE:Retail 4% CRE:Schools 3% CRE: Construction 3% CRE:Land 2% CRE: Industrial 7% CRE: Other⁴ 11% C&I 1% 1-4 family $3,201 $3,147 $3,216 $3,255 $3,240 $2,547 $2,713 $2,851 $3,169 $3,367 $953 $872 $903 $831 $853 $99 $97 $95 $94 $92 $6,800 $6,829 $7,065 $7,349 $7,552 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 Consumer & 1-4 Family

16% 16% 11% 10% 8% 8% 4% 3% 24% 16% Manhattan 16% Florida 11% New Jersey 10% Brooklyn 8% Bronx 8% Queens 4% Long Island 3% Other NY 24% Other States 50% 6% 6% 6% 6% 5% 4% 4% 11% 50% Skilled Nursing Facilities 6% Hospitality 6% Multifamily 6% Office 6% Retail 5% Mixed Use 4% Construction 4% Land 2% Industrial 11% Other CRE Relationship-Based Commercial Real Estate Lending 14 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 September 30, 2026 • Weighted average LTV of 64% • Owner occupied – 51% Composition by Type September 30, 2026 Composition by Region September 30, 2026 Vast majority of loans are originated through direct relationships or existing client referrals. Total CRE loans: $6.6 billion

$229 $219 $207 $210 $235 $237 $212 $252 $186 $191 $162 $140 $118 $101 $116 $104 $91 $92 $82 $94 $86 $75 $90 $108 $104 $65 $60 $61 $60 $39 $27 $26 $27 $11 $11 $43 $49 $56 $73 $63 $953 $872 $903 $831 $853 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 Other Manufacturing Wholesale Services Other Healthcare Individuals Skilled Nursing Facilities Finance & Insurance Expertise in Specific Verticals Drive Commercial & Industrial Lending 15 C&I Composition September 30, 2026 Target Market September 30, 2026 • 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% 22% 14% 12% 11% 5% 7% 28% Finance & Insurance 22% Skilled Nursing Facilities 14% Individuals 12% Services 11% Other Healthcare 5% Wholesale Trade 1% Manufacturing 7% Other 1 Certain prior period amounts adjusted to conform to current presentation. C&I Portfolio1 $853 mm September 30, 2026 | $ millions

C&I Healthcare Composition | Sept 30, 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 – 71% 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 1.9x. • 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. 67% 12% 8% 7% 2%4% 67% SNF 12% Home Health Care Services 8% Outpatient Care Centers 7% Medical Labs 2% Continuing Care Retirement Communities 4% All Other Healthcare CRE SNF $3.3 billion C&I Other $94 mm Healthcare Composition | September 30, 2026 Total Healthcare loans: $3.6 billion 16 Total C&I Healthcare loans: $285 mm Overview Sept 30, 2026 C&I SNF $191 mm

C&I Skilled Nursing Facility Exposure by State Sept 30, 2026 Geographically Diversified Skilled Nursing Facility Portfolio CRE Skilled Nursing Facility Exposure by State Sept 30, 2026 24% 20% 17% 10% 6% 23% 24% Florida 20% New York 17% New Jersey 10% North Carolina 6% Indiana 23% Other States 24% 23% 19% 6% 5% 23% 24% New York 23% Florida 19% New Jersey 6% Tennessee 5% Indiana 23% Other 17 Total CRE SNF loans: $3.3 billion Total C&I SNF loans: $191 mm • CRE – Skilled Nursing Facilities (“SNF”) – average LTV of 74%. • 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 Sept 30, 2026 1 Source: Zimmet Healthcare Services Group LLC

$2,053 $2,081 $2,004 $1,858 $1,893 $1,294 $1,306 $1,332 $1,372 $1,359 $413 $425 $429 $437 $489 $1,409 $1,439 $1,520 $1,563 $1,634 $1,340 $1,478 $1,659 $1,548 $1,545 $564 $648 $795 $953 $1,401 $7,073 $7,377 $7,739 $7,731 $8,321 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 EB-5, Title & Escrow, & Charter Schools Municipal Property Managers Bankruptcy Trustees Deposits from Loan Customers Retail Deposits $8.3 Billion Total Deposits Sept 30, 2026 | $ millions* Deposit Composition * Certain prior period amounts adjusted to conform to current presentation. 18

Selected Financial Information 19

Proven High Growth Business Model Loans1 | $ millions $3,830 $6,436 $5,278 $5,737 $5,983 $7,377 $8,321 2020 2021 2022 2023 2024 2025 Q3 2026 Deposits | $ millions $142 $181 $256 $251 $277 $315 $282 2020 2021 2022 2023 2024 2025 YTD 2026 Revenue | $ millions $39 $60 $59 $77 $67 $71 $83 2020 2021 2022⁴ 2023⁵ 2024⁶ 2025 YTD 2026 Net Income | $ millions $3,137 $3,732 $4,841 $5,625 $6,034 $6,810 $7,534 2020 2021 2022 2023 2024 2025 Q3 2026 20 1 Loans, net of deferred fees and costs. 2 CAGR from December 31, 2020 through September 30, 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. 5 Includes a $5.5 million reversal of the regulatory settlement reserve. 6 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 26. 2 Total non-interest expense divided by Total revenues. 3 Includes a $35.0 million charge for a regulatory settlement reserve. 4 Includes a $5.5 million reversal of the regulatory settlement reserve. ⁵ Includes a $10.0 million regulatory reserve recorded in the third quarter of 2024. Efficiency ratio2 12.9% 15.2% 10.4% 12.6% 9.7% 9.8% 12.1% 2020 2021 2022³ 2023⁴ 2024⁵ 2025 YTD 2026* ROATCE1 52.5% 48.3% 58.2% 52.5% 62.7% 55.9% 52.4% 2020 2021 2022³ 2023⁴ 2024⁵ 2025 YTD 2026* Net Interest Margin 3.26% 2.77% 3.49% 3.49% 3.53% 3.88% 4.17% 2020 2021 2022 2023 2024 2025 YTD 2026* 21 1.02% 1.06% 0.90% 1.19% 0.91% 0.90% 1.26% 2020 2021 2022 2023 2024 2025 YTD 2026*

0.53% 0.54% 0.54% 0.60% 1.20% 1.28% 1.01% 0.91% 0.95% Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Non-Performing Loans/Loans Credit Metrics NCOs/Average Loans1 ACL/Loans Non-Performing Loans/ACL 0.01% 0.00% 0.00% 0.00% 0.22% 0.00% 0.73% 1.95% 0.18% Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 1.06% 1.05% 1.07% 1.12% 1.39% 1.43% 1.16% 0.85% 0.85% Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 49.6% 51.5% 50.9% 53.9% 86.5% 89.5% 86.6% 108.0% 111.7% Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 22 1 Annualized

Capital Ratios* Common Equity Tier 1 Capital Ratio 10.1% 14.1% 12.1% 11.5% 11.9% 10.7% 12.8% 2020 2021 2022¹ 2023² 2024³ 2025 Q3 2026 Minimum to be "Well Capitalized" (8%) * These capital ratios are for Metropolitan Bank Holding Corp. 1 Includes a $35.0 million charge for a regulatory settlement reserve. 2 Includes a $5.5 million reversal of the regulatory settlement reserve. 3 Includes a $10.0 million regulatory reserve recorded in the third quarter of 2024. ⁴ Non-GAAP financial measure. See reconciliation of GAAP to Non-GAAP financial measures starting on slide 26. Tier 1 Leverage Ratio 8.5% 8.5% 10.2% 10.6% 10.8% 9.5% 11.5% 2020 2021 2022¹ 2023² 2024³ 2025 Q3 2026 Minimum to be "Well Capitalized" (5%) 12.7% 16.1% 13.4% 12.8% 13.3% 12.3% 13.9% 2020 2021 2022¹ 2023² 2024³ 2025 Q3 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% 10.2% 2020 2021 2022¹ 2023² 2024³ 2025 Q3 2026 23

Conservatively Underwritten, Geographically Diversified CRE Office Portfolio 24 Office by Region September 30, 2026 38% 17% 5% 32% 6% 38% Manhattan 17% Brooklyn 5% Queens 2% Bronx 32% NY Metro Area (outside NYC) 6% Non NY Metro Area Overview September 30, 2026 • Total Office loans: $393mm • Weighted average LTV of 53% • Weighted average occupancy rate of 80%* • Weighted average debt service coverage ratio of 1.7x* • Manhattan loans originated since March 2022 is 100% • Owner-occupied is 8.0% • Varying levels of recourse on approximately 61% of loans * Excluding owner-occupied office properties. 1 Based on Outstanding Balance. 2 Single loan with "as is" LTV of 62%. Occupancy by Region September 30, 2026 Maturity Schedule September 30, 2026| $ millions 37% 79% 70% 42% 88% 89% Non NY Metro Area NY Metro Area (outside NYC) Bronx Queens² Brooklyn Manhattan 2026 2027 Thereafter Total Outstanding Balance $59 $198 $136 $393 Commitment Amount $59 $202 $137 $398 Avg. Commitment Size $12 $11 $6 $9 LTV1 47% 54% 53% 53% Nonperforming 0% 0% 0% 0% WAC 6.0% 5.8% 6.5% 6.1%

25 Conservatively Underwritten Multi-family Portfolio Overview September 30, 2026 | $ millions Stabilized1 Maturity Schedule September 30, 2026 | $ millions Origination Vintage September 30, 2026 • Total Multi-family loans: $412mm • Weighted average LTV of 52% • Recourse on 62% of Total; recourse on 84% of Transitional • Rent regulated 40% of Total • Rent regulated have weighted average LTV of 42% • Stabilized weighted average debt service coverage ratio of 2.2x Transitional1 Maturity Schedule September 30, 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. 1% 12% 87% % of $412mm Outstanding Balance 2017 - 2019 2020 - 2021 2022 - 2026 2026 2027 Thereafter Total Outstanding Balance $42 $59 $43 $144 Commitment Amount $42 $59 $43 $144 Avg. Commitment Size $3 $15 $14 $7 LTV2 52% 69% 53% 59% Rent Regulated2 33% 0% 0% 10% With Recourse2 84% 71% 100% 84% Nonperforming 55% 0% 0% 16% WAC 5.3% 6.4% 6.2% 6.0% 2026 2027 Thereafter Total Outstanding Balance $61 $60 $147 $268 Commitment Amount $61 $60 $153 $274 Avg. Loan Size $8 $5 $5 $5 LTV2 62% 54% 39% 47% Rent Regulated2 75% 63% 47% 57% With Recourse2 74% 66% 34% 50% Nonperforming 0% 0% 0% 0% WAC 6.5% 5.8% 5.1% 5.6%

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. 26 $ thousands, exc ept per shar e data Q3 2026 Q2 2026 Q1 2026 2025 2024 2023 2022 A verage as s ets $ 9,008,357 $8,971,646 $8,566,759 $7,880,760 $7,293,445 $6,506,614 $6,621,631 Les s : average intangible as s ets 9,733 9,733 9,733 9,733 9,733 9,733 9,733 A verage tangible as s ets $ 8,998,624 $8,961,913 $8,557,026 $7,871,027 $7,283,712 $6,496,881 $6,611,898 A verage equity $ 984,489 $ 965,023 $ 828,131 $ 732,611 $ 694,154 $ 621,006 $ 578,787 Les s : A verage preferred equity — — — — — — — A verage common equity 984,489 965,023 828,131 732,611 694,154 621,006 578,787 Les s : average intangible as s ets 9,733 9,733 9,733 9,733 9,733 9,733 9,733 A verage tangible common equity $ 974,756 $ 955,290 $ 818,398 $ 722,878 $ 684,421 $ 611,273 $ 569,054 Total as s ets $ 9,470,920 $8,858,683 $8,844,124 $8,255,716 $7,300,749 $7,067,672 $6,267,337 Les s : intangible as s ets 9,733 9,733 9,733 9,733 9,733 9,733 9,733 Tangible as s ets $ 9,461,187 $8,848,950 $8,834,391 $8,245,983 $7,291,016 $7,057,939 $6,257,604 Total Equity $ 974,680 $ 968,166 $ 948,339 $ 743,112 $ 729,827 $ 659,021 $ 575,897 Les s : preferred equity — — — — — — — Common Equity 974,680 968,166 948,339 743,112 729,827 659,021 575,897 Les s : intangible as s ets 9,733 9,733 9,733 9,733 9,733 9,733 9,733 Tangible common equity (book value) $ 964,947 $ 958,433 $ 938,606 $ 733,379 $ 720,094 $ 649,288 $ 566,164 Tangible common equity (book value) divided by: $ 964,947 $ 958,433 $ 938,606 $ 733,379 $ 720,094 $ 649,288 $ 566,164 Tangible as s ets $ 9,461,187 $8,848,950 $8,834,391 $8,245,983 $7,291,016 $7,057,939 $6,257,604 Tangible common equity (book value) to Tangible as s ets ratio 10.2% 10.8% 10.6% 8.9% 9.9% 9.2% 9.0% Net income divided by: $ 32,437 $ 19,223 $ 31,426 $ 71,098 $ 66,686 $ 77,268 $ 59,425 A verage tangible common equity $ 974,756 $ 955,290 $ 818,398 $ 722,878 $ 684,421 $ 611,273 $ 569,054 Return on average tangible common equity* 13.2% 8.1% 15.6% 9.8% 9.7% 12.6% 10.4% Common s hares outs tanding 12,285,553 12,395,278 12,392,035 10,088,617 11,197,625 11,062,729 10,949,965 Book value per s hare (GA A P) $ 79.34 $ 78.11 $ 76.53 $ 73.66 $ 65.18 $ 59.57 $ 52.59 Tangible book value per s hare (non-GA A P)¹ $ 78.54 $ 77.32 $ 75.74 $ 72.69 $ 64.31 $ 58.69 $ 51.70 Total R evenue (GA A P)² $ 100,563 $ 93,010 $ 88,490 $ 315,106 $ 276,913 $ 250,739 $ 255,751 Les s : Non-interes t expens e 49,490 51,802 46,400 176,005 173,575 131,538 148,737 Les s : Gain (los s ) on s ale of s ecurities — — — 674 — — — Pre-tax, pre-provis ion net revenue $ 51,073 $ 41,208 $ 42,090 $ 138,427 $ 103,338 $ 119,201 $ 107,014 *Periods les s than one year are annualiz ed. For Ye ar 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. 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. 27 $ thousands, exc ept per share data 2021 2020 2019 2018 2017 A verage as s ets $5,724,230 $3,863,013 $2,846,959 $1,951,982 $1,524,202 Les s : average intangible as s ets 9,733 9,733 9,733 9,733 9,733 A verage tangible as s ets $5,714,497 $3,853,280 $2,837,226 $1,942,249 $1,514,469 A verage equity $ 413,212 $ 320,617 $ 282,604 $ 251,030 $ 133,462 Les s : A verage preferred equity 4,585 5,502 5,502 5,502 5,502 A verage common equity 408,627 315,115 277,102 245,528 127,960 Les s : average intangible as s ets 9,733 9,733 9,733 9,733 9,733 A verage tangible common equity $ 398,894 $ 305,382 $ 267,369 $ 235,795 $ 118,227 Total as s ets $7,116,358 $4,330,821 $3,357,572 $2,182,644 $1,759,855 Les s : intangible as s ets 9,733 9,733 9,733 9,733 9,733 Tangible as s ets $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 Les s : preferred equity — 5,502 5,502 5,502 5,502 Common Equity 556,989 335,285 293,622 259,015 231,382 Les s : intangible as s ets 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 as s ets $7,106,625 $4,321,088 $3,347,839 $2,172,911 $1,750,122 Tangible c ommon equity (book value) to Tangible as s ets 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 A verage tangible c ommon 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 s hares outs tanding 10,920,569 8,295,272 8,312,918 8,217,274 8,196,310 Book value per s hare (GA A P) $ 51.00 $ 40.42 $ 35.32 $ 31.52 $ 28.23 Tangible book value per s hare (non-GA A P)¹ $ 50.11 $ 39.25 $ 34.15 $ 30.34 $ 27.04 Total Revenue (GA A P)² $ 180,698 $ 141,924 $ 108,239 $ 83,177 $ 63,382 Les s : Non-interes t expens e 87,312 74,518 59,955 43,471 32,745 Les s : Gain (los s ) on s ale of s ec urities 609 3,286 — (37) — Pre-tax, pre-provis ion net revenue $ 92,777 $ 64,120 $ 48,284 $ 39,743 $ 30,637 *Periods les s than one year are annualiz ed. For Ye ar Ending

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