Metropolitan Bank Q2 EPS $1.54, $50.0 million buyback

Metropolitan Bank Holding Corp. reported second quarter 2026 net income of $19.2 million, or $1.54 per diluted share, compared with $2.92 in the prior quarter and $1.76 a year earlier.

Rhea-AI Filing Summary

Metropolitan Bank Holding Corp. reported second quarter 2026 net income of $19.2 million, or $1.54 per diluted share, compared with $2.92 in the prior quarter and $1.76 a year earlier. Total revenues were $93.0 million, reflecting strong net interest income but higher credit costs and expenses.

Net interest income rose to $90.4 million, up 5.3% from the prior quarter and 22.8% year over year, with a stable net interest margin of 4.08% and lower funding costs. The company recorded a $13.3 million provision for credit losses, primarily tied to a single non-core C&I loan, and non-interest expense increased to $51.8 million, including a $1.8 million one-time legal accrual and other isolated items.

Total loans reached $7.3 billion, up 4.0% from March 31, 2026, while deposits were $7.7 billion, essentially flat quarter over quarter and 13.8% higher than a year earlier. The non-performing loan ratio improved sequentially to 0.91%, and the total risk-based capital ratio was 14.0% at the holding company. The board approved a new $50.0 million common stock repurchase program and increased the quarterly dividend to $0.35 per share from $0.25.

Positive

• Net interest income grew to $90.4 million, up 5.3% sequentially and 22.8% year over year, with a stable 4.08% net interest margin and lower funding costs.
• Capital and capital return remain robust, with a total risk-based capital ratio of 14.0%, a new $50.0 million share repurchase program, and a higher quarterly dividend of $0.35 per share.

Negative

• Earnings softened versus the prior quarter as diluted EPS fell to $1.54 from $2.92, driven by a $13.3 million credit loss provision and higher non-interest expenses.
• Credit costs rose, with net charge-offs running at an annualized 1.95% of average loans and the allowance ratio declining to 0.85% of total loans.

Filing Explained

The completed equity offering left 12,395,278 shares outstanding at June 30, expanding the ownership base for existing common holders.

As a Form 8-K, this filing reports Metropolitan Bank Holding Corp.’s second-quarter results and furnishes an earnings release and presentation; the exhibits are not deemed filed for Securities Act purposes.

At June 30, 2026, the company reported $12,395,278 shares outstanding versus $10,421,384 at June 30, 2025, following completion of its first-quarter follow-on public equity offering; the larger share base can reduce existing holders’ percentage ownership absent offsetting changes.

The disclosed liquidity measure is broader than cash: cash and equivalents were $239.3 million, while cash at the Federal Reserve plus available secured funding capacity totaled $3.1 billion, or 156% of estimated uninsured deposits.

Credit-related losses remain a key line item: second-quarter charge-offs were $34,838 thousand, and the allowance for credit losses ended at $62,012 thousand; the company said the allowance decline primarily reflected the charge-off of an out-of-market commercial real estate loan relationship.

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

Total revenues: $93,010 thousand Net income: $19,223 thousand Diluted EPS: $1.54 +5 more

8 metrics

Total revenues $93,010 thousand Three months ended June 30, 2026

Net income $19,223 thousand Three months ended June 30, 2026

Diluted EPS $1.54 Three months ended June 30, 2026

Net interest income $90,448 thousand Three months ended June 30, 2026

Net interest margin 4.08% Three months ended June 30, 2026

Total loans $7.3 billion Outstanding at June 30, 2026

Total deposits $7.7 billion Outstanding at June 30, 2026

Total risk-based capital ratio 14.0% Metropolitan Bank Holding Corp. at June 30, 2026

Key Terms

net interest margin, allowance for credit losses, non-performing loans, Common Equity Tier 1 Risk-Based, +2 more

6 terms

net interest margin financial

"The net interest margin for the second quarter of 2026 was 4.08%"

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.

allowance for credit losses financial

"The allowance for credit losses was $62.0 million at June 30, 2026"

Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.

non-performing loans financial

"The ratio of non-performing loans to total loans was 0.91% at June 30, 2026"

Loans on a bank’s books where the borrower has stopped making scheduled payments for a prolonged period (commonly about 90 days), so the lender no longer expects full repayment on time. Think of them as overdue IOUs that may never be paid back; a rising level of such loans weakens a lender’s earnings and balance sheet, signals greater credit risk in the economy, and can hurt investors through lower dividends, loan losses, or declines in the lender’s stock value.

Common Equity Tier 1 Risk-Based regulatory

"Common Equity Tier 1 Risk-Based (CET1): Metropolitan Bank Holding Corp. 12.9%"

efficiency ratio financial

"Efficiency ratio (4) was 55.7% for the three months ended June 30, 2026"

A measure of how much a company spends to produce each dollar of revenue, usually shown as operating expenses divided by revenue and expressed as a percentage. Think of it as a household’s budget: a lower percentage means more of each dollar earned stays as profit, while a higher number means costs are eating into returns. Investors use it to judge cost control and compare how efficiently companies turn revenue into earnings, especially in banks and financial firms.

tangible book value per share financial

"Tangible book value per share (non-GAAP) was $77.32 at June 30, 2026"

Tangible book value per share is the company's total physical and financial assets minus its liabilities and intangible items (like goodwill and brand value), divided by the number of outstanding shares. It gives investors a conservative, per‑share estimate of what would remain if the business sold only its hard assets and paid its debts—useful for judging whether a stock is priced above or below its underlying, tangible worth, like valuing a property by its bricks and cash rather than its reputation.

Earnings Snapshot

Total revenues: $93,010 thousand

quarter ended June 30, 2026

Total revenues $93,010 thousand higher than $76,270 thousand in the prior year quarter

Net income $19,223 thousand slightly above $18,767 thousand in the prior year quarter

Diluted EPS $1.54 down from $2.92 in Q1 2026 and $1.76 in Q2 2025

Net interest income $90,448 thousand increased 22.8% year over year

Net interest margin 4.08% up from 3.83% in the prior year quarter

Return on average assets 0.86% down from 1.49% in the prior quarter

FAQ

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

How did Metropolitan Bank Holding Corp. (MCB) perform in Q2 2026?

Metropolitan Bank Holding Corp. reported net income of $19.2 million, or $1.54 diluted EPS, on $93.0 million of total revenues in Q2 2026. Earnings declined from $2.92 EPS in Q1 2026 but were similar to $1.76 a year earlier.

What drove revenue and net interest income for MCB in Q2 2026?

Total revenues reached $93.0 million, led by net interest income of $90.4 million, up 5.3% sequentially and 22.8% year over year. Growth reflected higher average loan, securities and overnight balances, along with a lower total cost of funds.

How were asset quality and reserves for MCB at June 30, 2026?

The non-performing loan ratio was 0.91% of total loans, improving from 1.01% in Q1 2026 but above 0.60% a year ago. The allowance for credit losses was $62.0 million, or 0.85% of loans, after charge-offs tied mainly to an out-of-market CRE relationship.

What were MCB’s loan and deposit levels and liquidity in Q2 2026?

Total loans were $7.3 billion, up 4.0% from March 31, 2026, while deposits were $7.7 billion, essentially flat quarter over quarter. Cash and available secured funding capacity of $3.1 billion equaled about 156% of estimated uninsured deposits.

How strong are MCB’s capital ratios and what capital return actions were taken?

The holding company’s total risk-based capital ratio was 14.0%, and the bank remained “well capitalized.” The board authorized a new $50.0 million stock repurchase program and increased the quarterly cash dividend to $0.35 per share.

How did non-interest expense impact MCB’s Q2 2026 results?

Non-interest expense rose to $51.8 million, up $5.4 million from Q1 2026. The increase was driven by a $1.8 million one-time legal accrual, higher professional fees and compensation, partially offset by lower FDIC assessments.

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

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Accepted by SEC EDGAR 07/21/2026 - 04:20 PM Learn about SEC filing dates

0001476034false00014760342026-07-212026-07-21

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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

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

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METROPOLITAN BANK HOLDING CORP.

(Exact Name of Registrant as Specified in Its Charter)

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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)

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(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)

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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)

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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

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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).

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Emerging growth company ☐

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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. ☐

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Item 2.02Results of Operations and Financial Condition

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On July 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 second 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

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The Company has also made available on its website presentation materials containing additional information about the Company’s financial results for the second 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.

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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

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(d) Exhibits.

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Exhibit No.		Description
99.1		Press Release dated July 21, 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: July 21, 2026By:/s/ Daniel F. Dougherty

Daniel F. Dougherty

Executive Vice President and

Chief Financial Officer

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Exhibit 99.1

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Release: 4:05 P.M. July 21, 2026

212-365-6721

IR@MCBankNY.com

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Metropolitan Bank Holding Corp. Reports Second Quarter 2026 Results

Quarterly Net Interest Income Increased 22.8% Year Over Year

Continued Strong Capital, Liquidity and Loan Growth Position the Company for Solid Long-Term Financial Performance

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Financial Highlights

●Diluted earnings per share was $1.54 for the second quarter of 2026, compared to $2.92 for the prior linked quarter and $1.76 for the prior year period. Results reflected continued earnings strength, partially offset by a $13.3 million provision for credit losses driven primarily by a single commercial and industrial (“C&I”) loan in a non-core portfolio segment, as well as $3.3 million of isolated non-interest expense items.

●Net interest income for the second quarter of 2026 was $90.4 million, an increase of $4.5 million, or 5.3%, compared to the prior linked quarter and an increase of $16.8 million, or 22.8%, compared to the prior year period.

●The net interest margin for the second quarter of 2026 was 4.08%, which was the same as the prior linked quarter and an increase of 25 basis points compared to the prior year period.

●The ratio of non-performing loans to total loans improved to 0.91% at June 30, 2026, a decrease of 10.0% from the prior linked quarter reflecting the resolution and charge-off of a previously reserved out-of-market commercial real estate (“CRE”) loan relationship.

●In support of the Company’s focus on delivering strong shareholder returns, the board of directors approved a new $50.0 million common stock repurchase program on June 19, 2026 and on July 20, 2026, the board of directors declared a quarterly cash dividend of $0.35 per share on the Company’s common stock, an increase of $0.10 from the prior quarterly dividend of $0.25 per share.

●Total loans at June 30, 2026 were $7.3 billion, an increase of $282.4 million, or 4.0%, from March 31, 2026 and an increase of $518.7 million, or 7.6%, from December 31, 2025.

●Total deposits at June 30, 2026 were $7.7 billion, essentially stable from March 31, 2026 and an increase of $354.3 million, or 4.8% from December 31, 2025.

●The Company and Bank maintained strong total risk-based capital ratios of 14.0% and 13.7%, respectively, at June 30, 2026, well above regulatory minimums. The Bank remains “well capitalized” under all applicable regulatory guidelines.

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NEW YORK, July 21, 2026 ‒ Metropolitan Bank Holding Corp. (the “Company”) (NYSE: MCB), the holding company for Metropolitan Commercial Bank (the “Bank”), reported net income of $19.2 million, or $1.54 per diluted common share, for the second quarter of 2026 compared to $31.4 million, or $2.92 per diluted common share, for the first quarter of 2026 and $18.8 million, or $1.76 per diluted common share, for the second quarter of 2025.

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Mark DeFazio, President and Chief Executive Officer, commented,

“I am pleased with the continued progress we are making across the franchise. Balance sheet growth remains consistent with our prior guidance, our lending pipeline remains robust, and loan yields continue to hold. On the funding side, our deposit forecast remains in line with guidance, and we continue to expect the momentum in our core operating trends to persist. This quarter’s earnings were noticeably affected by isolated items. However, we made significant progress in the resolution of legacy asset quality matters.”

Balance Sheet

Total loans, net of deferred fees and unamortized costs, were $7.3 billion at June 30, 2026, an increase of $282.4 million, or 4.0%, from March 31, 2026, and an increase of $716.1 million, or 10.8%, from June 30, 2025. Loan production was $718.9 million for the second quarter of 2026 compared to $428.3 million for the prior linked quarter and $492.0 million for the prior year period. The increase in total loans from March 31, 2026 was due primarily to an increase of $330.3 million in CRE loans (including owner-occupied), partially offset by a decrease of $69.8 million in C&I loans. The increase in total loans from June 30, 2025 was due primarily to an increase of $918.1 million in CRE loans (including owner-occupied), partially offset by a decrease of $184.9 million in commercial and industrial loans.

Total deposits were $7.7 billion at June 30, 2026, a decrease of $8.2 million, or 0.1%, from March 31, 2026, and an increase of $940.2 million, or 13.8%, from June 30, 2025. The small decline in deposits from March 31, 2026 was driven by seasonal outflows of certain municipal deposits, as well as the Bank’s planned termination of a $100.0 million high cost treasury deposit. The increase in total deposits from June 30, 2025 was broadly distributed across the Bank’s various deposit verticals.

The Bank’s liquidity position remains robust. At June 30, 2026, cash on deposit with the Federal Reserve Bank of New York and available secured funding capacity totaled $3.1 billion, which represented 156% of our estimated uninsured deposits. Total cash and cash equivalents were $239.3 million at June 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 304.1% of total risk-based capital at June 30, 2026, compared to 299.5% and 371.9% at March 31, 2026 and June 30, 2025, respectively. The CRE loan concentration ratio declined from June 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								​	​	Six months ended
​	​	Jun. 30,		​	Mar. 31,		​	Jun. 30,		​	​	Jun. 30,		​	Jun. 30,		​
(dollars in thousands, except per share data)	​	2026		​	2026		​	2025		​	​	2026		​	2025		​
Total revenues(1)	​	$	93,010	​	$	88,490	​	$	76,270	​	​	$	181,500	​	$	146,860	​
Net income (loss)	​	$	19,223	​	$	31,426	​	$	18,767	​	​	​	50,649	​	​	35,121	​
Diluted earnings (loss) per common share	​	$	1.54	​	$	2.92	​	$	1.76	​	​		4.40	​		3.20	​
Return on average assets(2)	​		0.86	%		1.49	%		0.97	%	​		1.16	%		0.93	%
Return on average equity(2)	​		8.0	%		15.4	%		10.4	%	​		11.4	%		9.7	%
Return on average tangible common equity(2), (3)	​		8.1	%		15.6	%		10.5	%	​		11.5	%		9.8	%

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(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.

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Net Interest Income

Net interest income for the second quarter of 2026 was $90.4 million compared to $85.9 million for the prior linked quarter and $73.6 million for the prior year period. The $4.5 million increase from the prior linked quarter was primarily due to an increase in the average balance of loans, securities, and overnight deposits and a decrease in the total cost of funds, partially offset by an increase in the average balance of interest-bearing deposits. The $16.8 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 second quarter of 2026 was 4.08% compared to 4.08% and 3.83% for the prior linked quarter and prior year period, respectively. The total cost of funds for the second quarter of 2026 was 257 basis points compared to 261 basis points and 310 basis points for the prior linked quarter and prior year period, respectively. The decrease from the prior linked quarter primarily reflects changes in 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 $2.6 million for the second quarter of 2026, a decrease of $19,000 from the prior linked quarter and a decrease of $61,000 from the prior year period. The decrease from the prior linked quarter was primarily due to a decrease in service charges on deposit accounts, partially offset by an increase in loan production fees. The decrease from the prior year period was driven primarily by a decrease in loan production fees, partially offset by an increase in service charges on deposit accounts.

Non-Interest Expense

Non-interest expense was $51.8 million for the second quarter of 2026, an increase of $5.4 million from the prior linked quarter and an increase of $8.7 million from the prior year period. The $5.4 million increase from the prior linked quarter was primarily due to a $1.8 million one-time legal accrual, $1.4 million increase in professional fees, and $1.2 million increase in compensation and benefits, partially offset by a $560,000 decrease in the FDIC assessment.

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The $8.7 million increase from the prior year period was due primarily to a $5.1 million increase in compensation and benefits, a $1.8 million one-time legal accrual, and $1.1 million increase in technology costs, partially offset by a $1.7 million decrease in the Federal Deposit Insurance Corporation (“FDIC”) assessment.

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Income Tax Expense

The effective tax rate for the second quarter of 2026 was 31.1% compared to 29.2% for the prior linked quarter and 29.9% for the prior year period.

Asset Quality

The ratio of non-performing loans to total loans was 0.91% at June 30, 2026, 1.01% at March 31, 2026 and 0.60% at June 30, 2025. The decrease in the non-performing loan ratio from the prior linked quarter primarily reflects the charge-off of the aforementioned CRE out-of-market loan relationship. The increase in the non-performing loan ratio from the prior year period is primarily attributable to the impact of the aforementioned CRE out-of-market and C&I non-core loan relationships.

The allowance for credit losses was $62.0 million at June 30, 2026, a decrease of $20.1 million from March 31, 2026, and a decrease of $12.1 million from June 30, 2025. The decrease from March 31, 2026, primarily reflects the charge-off related to the aforementioned CRE out-of-market loan relationship. The decrease from June 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 related to the aforementioned CRE out-of-market loan relationship, partially offset by loan growth.

Conference Call

The Company will conduct a conference call at 9:00 a.m. ET on Wednesday, July 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: MCBQ226 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 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, 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.

6

​

Consolidated Balance Sheet (unaudited)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Jun. 30,

​

Mar. 31,

​

Dec. 31,

​

Sept. 30,

​

Jun. 30,

(in thousands)

​ ​ ​

2026

​

2026

​

2025

​

2025

​

2025

Assets

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Cash and due from banks

​

$

10,253

​

$

12,034

​

$

12,086

​

$

13,109

​

$

13,577

Overnight deposits

​

229,011

​

660,359

​

381,501

​

​

372,827

​

​

138,876

Total cash and cash equivalents

​

239,264

​

672,393

​

393,587

​

​

385,936

​

​

152,453

Investment securities available-for-sale

​

667,778

​

649,719

​

578,932

​

​

552,441

​

​

551,029

Investment securities held-to-maturity

​

415,041

​

347,868

​

356,627

​

​

376,447

​

​

387,901

Equity investment securities, at fair value

​

​

5,646

​

​

5,625

​

​

5,609

​

​

5,548

​

​

5,276

Total securities

​

1,088,465

​

1,003,212

​

941,168

​

​

934,436

​

​

944,206

Other investments

​

27,759

​

20,725

​

20,632

​

​

27,330

​

​

27,297

Loans, net of deferred fees and unamortized costs

​

7,328,903

​

7,046,547

​

6,810,233

​

​

6,781,703

​

​

6,612,789

Allowance for credit losses

​

(62,012)

​

(82,071)

​

(97,081)

​

​

(94,239)

​

​

(74,071)

Net loans

​

7,266,891

​

6,964,476

​

6,713,152

​

​

6,687,464

​

​

6,538,718

Other assets

​

​

236,304

​

​

183,318

​

​

187,177

​

​

199,264

​

​

191,175

Total assets

​

$

8,858,683

​

$

8,844,124

​

$

8,255,716

​

$

8,234,430

​

$

7,853,849

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Liabilities and Stockholders' Equity

​

​

​

​

​

​

​

​

​

​

​

​

Deposits

​

​

​

​

​

​

​

​

​

​

​

​

Non-interest-bearing demand deposits

​

$

1,591,126

​

$

1,539,553

​

$

1,479,420

​

$

1,382,345

​

$

1,427,439

Interest-bearing deposits

​

6,140,356

​

6,200,166

​

5,897,758

​

5,690,414

​

​

5,363,867

Total deposits

​

7,731,482

​

7,739,719

​

7,377,178

​

7,072,759

​

​

6,791,306

Federal funds purchased

​

​

—

​

​

—

​

​

—

​

​

125,000

​

​

50,000

Federal Home Loan Bank of New York advances

​

​

—

​

​

—

​

​

—

​

​

150,000

​

​

150,000

Trust preferred securities

​

20,620

​

20,620

​

20,620

​

​

20,620

​

​

20,620

Secured and other borrowings

​

​

15,938

​

​

15,975

​

​

10,975

​

​

17,355

​

​

17,366

Other liabilities

​

​

122,477

​

​

119,471

​

​

103,831

​

​

116,656

​

​

101,589

Total liabilities

​

7,890,517

​

7,895,785

​

7,512,604

​

​

7,502,390

​

​

7,130,881

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Common stock

​

136

​

136

​

113

​

​

113

​

​

113

Additional paid in capital

​

588,133

​

584,524

​

405,565

​

​

403,708

​

​

401,055

Retained earnings

​

495,034

​

479,177

​

450,639

​

​

423,338

​

​

417,782

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

​

(39,044)

​

(39,233)

​

(39,739)

​

​

(41,852)

​

​

(45,455)

Treasury stock, at cost

​

​

(76,093)

​

​

(76,265)

​

​

(73,466)

​

​

(53,267)

​

​

(50,527)

Total stockholders’ equity

​

968,166

​

948,339

​

743,112

​

​

732,040

​

​

722,968

Total liabilities and stockholders’ equity

​

$

8,858,683

​

$

8,844,124

​

$

8,255,716

​

$

8,234,430

​

$

7,853,849

​

​

​

7

​

Consolidated Statement of Income (unaudited)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​ ​ ​

Three months ended

​

Six months ended

​

​

Jun. 30,

​

Mar. 31,

​

Jun. 30,

​

Jun. 30,

​

Jun. 30,

(dollars in thousands, except per share data)

​ ​ ​

2026

​

2026

​

2025

​ ​ ​

2026

​

2025

Total interest income

​

$

140,938

​

$

134,932

​

$

127,043

​

$

275,870

​

$

245,813

Total interest expense

​

50,490

​

49,023

​

53,396

​

99,513

​

105,214

Net interest income

​

90,448

​

85,909

​

73,647

​

176,357

​

140,599

Provision for credit losses

​

13,325

​

(2,300)

​

6,378

​

11,025

​

10,884

Net interest income after provision for credit losses

​

77,123

​

88,209

​

67,269

​

165,332

​

129,715

​

​

​

​

​

​

​

​

​

​

​

Non-interest income

​

​

​

​

​

​

​

​

​

​

Service charges on deposit accounts

​

2,229

​

2,274

​

2,131

​

4,503

​

4,304

Other income

​

​

333

​

​

307

​

​

492

​

​

640

​

​

1,957

Total non-interest income

​

2,562

​

2,581

​

2,623

​

5,143

​

6,261

​

​

​

​

​

​

​

​

​

​

​

Non-interest expense

​

​

​

​

​

​

​

​

​

​

Compensation and benefits

​

25,362

​

24,148

​

20,255

​

49,510

​

41,994

Bank premises and equipment

​

3,472

​

2,729

​

2,513

​

6,201

​

4,976

Professional fees

​

4,615

​

3,229

​

3,583

​

7,844

​

8,569

Technology costs

​

4,704

​

4,196

​

3,653

​

8,900

​

5,873

Deposit related program fees

​

​

6,892

​

​

6,799

​

​

5,967

​

​

13,691

​

​

10,153

FDIC assessments

​

​

1,290

​

​

1,850

​

​

2,999

​

​

3,140

​

​

5,966

Other expenses

​

5,467

​

3,449

​

4,139

​

8,915

​

8,300

Total non-interest expense

​

51,802

​

46,400

​

43,109

​

98,201

​

85,831

​

​

​

​

​

​

​

​

​

​

​

Net income before income tax expense

​

27,883

​

44,390

​

26,783

​

72,274

​

50,145

Income tax expense

​

8,660

​

12,964

​

8,016

​

21,625

​

15,024

Net income (loss)

​

$

19,223

​

$

31,426

​

$

18,767

​

$

50,649

​

$

35,121

​

​

​

​

​

​

​

​

​

​

​

​

Earnings per common share:

​

​

​

​

​

​

​

​

​

​

​

Average common shares outstanding:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Basic

​

​

12,381,794

​

​

10,674,698

​

​

10,564,275

​

​

11,413,075

​

​

10,886,120

Diluted

​

​

12,515,939

​

​

10,756,358

​

​

10,676,878

​

​

11,521,407

​

​

10,975,431

Basic earnings (loss)

​

$

1.55

​

$

2.94

​

$

1.78

​

$

4.44

​

$

3.23

Diluted earnings (loss)

​

$

1.54

​

$

2.92

​

$

1.76

​

$

4.40

​

$

3.20

​

​

​

8

​

​

Loan Production, Asset Quality & Regulatory Capital

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​ ​ ​

Jun. 30,

​

Mar. 31,

​

Dec. 31,

​

Sept. 30,

​

Jun. 30,

​

​

​

2026

​

2026

​

2025

​

2025

​ ​ ​

2025

​

LOAN PRODUCTION (in millions)

​

$

718.9

​

$

428.3

​

$

510.9

​

$

514.2

​

$

492.0

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

ASSET QUALITY (in thousands)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Non-performing loans:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Commercial real estate

​

$

53,307

​

$

68,635

​

$

75,408

​

$

70,122

​

$

28,480

​

Commercial and industrial

​

​

11,262

​

​

—

​

​

8,989

​

​

8,989

​

​

8,989

​

One- to four- family

​

​

2,401

​

​

2,416

​

​

2,450

​

​

2,451

​

​

2,469

​

Consumer

​

​

—

​

​

—

​

​

37

​

​

—

​

​

—

​

Total non-performing loans

​

$

66,970

​

$

71,051

​

$

86,884

​

$

81,562

​

$

39,938

​

Non-performing loans to total loans

​

0.91

%

1.01

%

1.28

%

1.20

%

0.60

%

Allowance for credit losses

​

$

62,012

​

$

82,071

​

$

97,081

​

$

94,239

​

$

74,071

​

Allowance for credit losses to total loans

​

0.85

%

1.16

%

1.43

%

1.39

%

1.12

%

Charge-offs

​

$

(34,838)

​

$

(12,455)

​

$

—

​

$

(3,858)

​

$

(112)

​

Recoveries

​

$

614

​

$

14

​

$

58

​

$

72

​

$

126

​

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

​

​

1.95

%

​

0.73

%

​

—

%

​

0.22

%

​

—

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

REGULATORY CAPITAL

​

​

​

​

​

​

​

​

​

​

​

Tier 1 Leverage:

​

​

​

​

​

​

​

​

​

​

​

Metropolitan Bank Holding Corp.

​

11.3

%

11.6

%

9.5

%

9.8

%

10.0

%

Metropolitan Commercial Bank

​

11.1

%

11.4

%

9.1

%

9.4

%

9.8

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Common Equity Tier 1 Risk-Based (CET1):

​

​

​

​

​

​

​

​

​

​

​

Metropolitan Bank Holding Corp.

​

12.9

%

13.2

%

10.7

%

10.6

%

10.8

%

Metropolitan Commercial Bank

​

12.9

%

13.1

%

10.5

%

10.4

%

10.9

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Tier 1 Risk-Based:

​

​

​

​

​

​

​

​

​

​

​

​

Metropolitan Bank Holding Corp.

​

13.2

%

13.4

%

11.0

%

10.9

%

11.1

%

Metropolitan Commercial Bank

​

12.9

%

13.1

%

10.5

%

10.4

%

10.9

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total Risk-Based:

​

​

​

​

​

​

​

​

​

​

​

​

Metropolitan Bank Holding Corp.

​

14.0

%

14.6

%

12.3

%

12.2

%

12.2

%

Metropolitan Commercial Bank

​

13.7

%

14.3

%

11.7

%

11.7

%

12.0

%

​

​

9

​

Performance Measures

​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	Three months ended								​	Six months ended
​	​	Jun. 30,		​	Mar. 31,		​	Jun. 30,		​	Jun. 30,		​	Jun. 30,		​
(dollars in thousands, except per share data)	​ ​ ​	2026		​	2026		​	2025		​ ​ ​	2026		​	2025
Net income (loss) available to common shareholders	​	$	19,223	​	$	31,426	​	$	18,767	​	$	50,649	​	$	35,121	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Per common share:	​		​	​		​	​		​	​		​	​		​	​
Basic earnings (loss)	​	$	1.55	​	$	2.94	​	$	1.78	​	$	4.44	​	$	3.23	​
Diluted earnings (loss)	​	$	1.54	​	$	2.92	​	$	1.76	​	$	4.40	​	$	3.20	​
Common shares outstanding:	​		​	​		​	​		​	​		​	​		​	​
Period end	​		12,395,278	​		12,392,035	​		10,421,384	​		12,395,278	​		10,421,384	​
Average fully diluted	​		12,515,939	​		10,756,358	​		10,676,878	​		11,521,407	​		10,975,431	​
Return on:(1)	​		​	​		​	​		​	​		​	​		​	​
Average total assets	​		0.86	%		1.49	%		0.97	%		1.16	%		0.93	%
Average equity	​	​	8.0	%	​	15.4	%	​	10.4	%	​	11.4	%	​	9.7	%
Average tangible common equity(2), (3)	​	​	8.1	%	​	15.6	%	​	10.5	%	​	11.5	%	​	9.8	%
Yield on average earning assets(1)	​		6.35	%		6.41	%		6.61	%		6.38	%		6.57	%
Total cost of deposits(1)	​	​	2.57	%	​	2.60	%	​	3.02	%	​	2.58	%	​	3.05	%
Net interest spread(1)	​		3.13	%		3.19	%		2.76	%		3.16	%		2.65	%
Net interest margin(1)	​		4.08	%		4.08	%		3.83	%		4.08	%		3.76	%
Net charge-offs as % of average loans(1)	​		1.95	%		0.73	%		—	%		1.35	%		—	%
Efficiency ratio(4)	​		55.7	%		52.4	%		56.5	%		54.1	%		58.4	%

​

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

10

​

Interest Margin Analysis

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three months ended

​

​

​

Jun. 30, 2026

​

​

Mar. 31, 2026

​

​

Jun. 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)

​

$

7,023,237

​

$

125,642

7.18

%

​

$

6,926,983

​

$

122,594

7.18

%

​

$

6,486,667

​

$

118,774

7.34

%

Available-for-sale securities

​

727,655

​

5,984

3.30

​

​

651,928

​

4,982

3.10

​

​

607,363

​

3,884

2.57

​

Held-to-maturity securities

​

363,589

​

1,866

2.06

​

​

352,937

​

1,663

1.91

​

​

394,374

​

1,849

1.88

​

Equity investments

​

​

5,918

​

​

45

​

3.04

​

​

​

5,874

​

​

44

​

3.04

​

​

​

5,556

​

​

42

​

3.02

​

Overnight deposits

​

750,213

​

7,010

3.75

​

​

578,330

​

5,329

3.74

​

​

184,054

​

2,078

4.53

​

Other interest-earning assets

​

25,331

​

391

6.19

​

​

20,693

​

319

6.26

​

​

27,682

​

416

6.03

​

Total interest-earning assets

​

8,895,943

​

140,938

6.35

​

​

8,536,745

​

134,931

6.41

​

​

7,705,696

​

127,043

6.61

​

Non-interest-earning assets

​

155,960

​

​

​

​

​

127,802

​

​

​

​

​

138,469

​

​

​

​

Allowance for credit losses

​

(80,257)

​

​

​

​

​

(97,788)

​

​

​

​

​

(68,966)

​

​

​

​

Total assets

​

$

8,971,646

​

​

​

​

​

$

8,566,759

​

​

​

​

​

$

7,775,199

​

​

​

​

Liabilities and Stockholders' Equity:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Interest-bearing liabilities:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Money market and savings accounts

​

$

6,110,436

​

​

48,800

3.20

​

​

$

5,961,007

​

​

46,997

3.20

​

​

$

5,125,850

​

​

48,454

3.79

​

Certificates of deposit

​

152,062

​

1,394

3.68

​

​

184,625

​

1,732

3.80

​

​

133,495

​

1,369

4.11

​

Total interest-bearing deposits

​

6,262,498

​

50,194

3.21

​

​

6,145,632

​

48,729

3.22

​

​

5,259,345

​

49,823

3.80

​

Borrowed funds

​

20,620

​

296

5.76

​

​

22,638

​

293

5.25

​

​

298,843

​

3,573

4.79

​

Total interest-bearing liabilities

​

6,283,118

​

50,490

3.22

​

​

6,168,270

​

49,022

3.22

​

​

5,558,188

​

53,396

3.85

​

Non-interest-bearing liabilities:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Non-interest-bearing deposits

​

1,583,067

​

​

​

​

​

1,459,199

​

​

​

​

​

1,358,029

​

​

​

​

Other non-interest-bearing liabilities

​

140,438

​

​

​

​

​

111,159

​

​

​

​

​

135,008

​

​

​

​

Total liabilities

​

8,006,623

​

​

​

​

​

7,738,628

​

​

​

​

​

7,051,225

​

​

​

​

Stockholders' equity

​

965,023

​

​

​

​

​

828,131

​

​

​

​

​

723,974

​

​

​

​

Total liabilities and equity

​

$

8,971,646

​

​

​

​

​

$

8,566,759

​

​

​

​

​

$

7,775,199

​

​

​

​

Net interest income

​

​

​

$

90,448

​

​

​

​

​

$

85,909

​

​

​

​

​

$

73,647

​

​

Net interest rate spread (3)

​

​

​

​

3.13

%

​

​

​

​

3.19

%

​

​

​

​

2.76

%

Net interest margin (4)

​

​

​

​

4.08

%

​

​

​

​

4.08

%

​

​

​

​

3.83

%

Total cost of deposits (5)

​

​

​

​

​

​

​

2.57

%

​

​

​

​

​

​

​

2.60

%

​

​

​

​

​

​

​

3.02

%

Total cost of funds (6)

​

​

​

​

​

​

​

2.57

%

​

​

​

​

​

​

​

2.61

%

​

​

​

​

​

​

​

3.10

%

​

(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

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Six months ended

​

​

​

Jun. 30, 2026

​

​

Jun. 30, 2025

​

​

Average

​

​

​

​

Yield /

​

​

Average

​

​

​

​

Yield /

(dollars in thousands)

​

Balance

​

Interest

​

Rate (1)

​

​

Balance

​

Interest

​

Rate (1)

Assets:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Interest-earning assets:

​

​

​

​

​

​

​

​

​

​

​

​

Loans (2)

​

$

6,975,376

​

$

248,236

7.18

%

​

$

6,345,274

​

$

229,639

7.30

%

Available-for-sale securities

​

690,000

​

10,967

3.21

​

​

592,357

​

7,299

2.48

​

Held-to-maturity securities

​

358,292

​

3,529

1.99

​

​

405,787

​

3,792

1.88

​

Equity investments

​

​

5,896

​

​

89

​

3.04

​

​

​

5,536

​

​

81

​

2.96

​

Overnight deposits

​

664,766

​

12,339

3.74

​

​

169,287

​

4,003

4.77

​

Other interest-earning assets

​

23,025

​

710

6.22

​

​

29,291

​

999

6.88

​

Total interest-earning assets

​

8,717,355

​

275,870

6.38

​

​

7,547,532

​

245,813

6.57

​

Non-interest-earning assets

​

138,963

​

​

​

​

​

132,675

​

​

​

​

Allowance for credit losses

​

(88,974)

​

​

​

​

​

(66,787)

​

​

​

​

Total assets

​

$

8,767,344

​

​

​

​

​

$

7,613,420

​

​

​

​

Liabilities and Stockholders' Equity:

​

​

​

​

​

​

​

​

​

​

​

​

Interest-bearing liabilities:

​

​

​

​

​

​

​

​

​

​

​

​

Money market and savings accounts

​

$

6,036,129

​

$

95,798

3.20

​

​

$

4,937,693

​

$

94,298

3.85

​

Certificates of deposit

​

168,254

​

3,126

3.75

​

​

130,002

​

2,703

4.19

​

Total interest-bearing deposits

​

6,204,383

​

98,924

3.22

​

​

5,067,695

​

97,001

3.86

​

Borrowed funds

​

21,624

​

589

5.49

​

​

345,982

​

8,213

4.79

​

Total interest-bearing liabilities

​

6,226,007

​

99,513

3.22

​

​

5,413,677

​

105,214

3.92

​

Non-interest-bearing liabilities:

​

​

​

​

​

​

​

​

​

​

​

​

Non-interest-bearing deposits

​

1,521,475

​

​

​

​

​

1,338,964

​

​

​

​

Other non-interest-bearing liabilities

​

122,933

​

​

​

​

​

130,644

​

​

​

​

Total liabilities

​

7,870,415

​

​

​

​

​

6,883,285

​

​

​

​

Stockholders' equity

​

896,929

​

​

​

​

​

730,135

​

​

​

​

Total liabilities and equity

​

$

8,767,344

​

​

​

​

​

$

7,613,420

​

​

​

​

Net interest income

​

​

​

$

176,357

​

​

​

​

​

$

140,599

​

​

Net interest rate spread (3)

​

​

​

​

3.16

%

​

​

​

​

2.65

%

Net interest margin (4)

​

​

​

​

4.08

%

​

​

​

​

3.76

%

Total cost of deposits (5)

​

​

​

​

​

​

​

2.58

%

​

​

​

​

​

​

​

3.05

%

Total cost of funds (6)

​

​

​

​

2.59

%

​

​

​

​

3.14

%

​

(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

​

​

Six months ended

(dollars in thousands,

​

Jun. 30,

​

​

Mar. 31,

​

​

Dec. 31,

​

​

Sept. 30,

​

​

Jun. 30,

​

​

Jun. 30,

​

​

Jun. 30,

except per share data)

​

2026

​

​

2026

​

​

2025

​

​

2025

​

​

2025

​

​

2026

​

​

2025

Average assets

​

$

8,971,646

​

​

$

8,566,759

​

​

$

8,319,679

​

​

$

7,964,712

​

​

$

7,775,199

​

​

$

8,767,344

​

​

$

7,613,420

Less: average intangible assets

​

​

9,733

​

​

​

9,733

​

​

​

9,733

​

​

​

9,733

​

​

​

9,733

​

​

​

9,733

​

​

​

9,733

Average tangible assets (non-GAAP)

​

$

8,961,913

​

​

$

8,557,026

​

​

$

8,309,946

​

​

$

7,954,979

​

​

$

7,765,466

​

​

$

8,757,611

​

​

$

7,603,687

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Average common equity

​

$

965,023

​

​

$

828,131

​

​

$

735,722

​

​

$

731,281

​

​

$

723,974

​

​

$

896,929

​

​

$

730,135

Less: average intangible assets

​

9,733

​

​

9,733

​

​

9,733

​

​

9,733

​

​

9,733

​

​

9,733

​

​

9,733

Average tangible common equity (non-GAAP)

​

$

955,290

​

​

$

818,398

​

​

$

725,989

​

​

$

721,548

​

​

$

714,241

​

​

$

887,196

​

​

$

720,402

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total assets

​

$

8,858,683

​

​

$

8,844,124

​

​

$

8,255,716

​

​

$

8,234,430

​

​

$

7,853,849

​

​

$

8,858,683

​

​

$

7,853,849

Less: intangible assets

​

​

9,733

​

​

​

9,733

​

​

​

9,733

​

​

​

9,733

​

​

​

9,733

​

​

​

9,733

​

​

​

9,733

Tangible assets (non-GAAP)

​

$

8,848,950

​

​

$

8,834,391

​

​

$

8,245,983

​

​

$

8,224,697

​

​

$

7,844,116

​

​

$

8,848,950

​

​

$

7,844,116

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Common equity

​

$

968,166

​

​

$

948,339

​

​

$

743,112

​

​

$

732,040

​

​

$

722,968

​

​

$

968,166

​

​

$

722,968

Less: intangible assets

​

9,733

​

​

9,733

​

​

9,733

​

​

9,733

​

​

9,733

​

​

9,733

​

​

9,733

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

​

$

958,433

​

​

$

938,606

​

​

$

733,379

​

​

$

722,307

​

​

$

713,235

​

​

$

958,433

​

​

$

713,235

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Common shares outstanding

​

​

12,395,278

​

​

​

12,392,035

​

​

​

10,088,617

​

​

​

10,382,218

​

​

​

10,421,384

​

​

​

12,395,278

​

​

​

10,421,384

Book value per share (GAAP)

​

$

78.11

​

​

$

76.53

​

​

$

73.66

​

​

$

70.51

​

​

$

69.37

​

​

$

78.11

​

​

$

69.37

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

​

$

77.32

​

​

$

75.74

​

​

$

72.69

​

​

$

69.57

​

​

$

68.44

​

​

$

77.32

​

​

$

68.44

(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.

13

Exhibit 99.2

2Q 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 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, 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 June 30, 2026 and March 31, 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 $0.25 per share to $0.35 per share. • Completed multi-year Modern Banking in Motion Digital Transformation Implementation. • Opened West Palm Beach branch June 9, 2026. • 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 (New) Nine Strategically Located Banking Centers 2Q 2026 1Q 2026 Closing Price $98.76 $83.29 Market Cap $1,224.16 M $1,032.13 M Book Value per Share $78.11 $76.53 Tangible Book Value per Share $77.32 $75.74 P/Book Value 1.26 x 1.09 x P/Tangible Book Value1 1.28 x 1.10 x P/E2 11.13 x 7.03 x Assets $8.9 B $8.8 B Loans $7.3 B $7.0 B Deposits $7.7 B $7.7 B Loans/Deposits 94.8 % 91.0 % Net Interest Margin2 4.08 % 4.08 % Net Charge-offs / Average Loans2 2.0 % 0.7 % Efficiency Ratio 55.7 % 52.4 % Pre-tax, Pre-Provision Net Revenue / Average Assets1 1.92 % 1.99 % ROAA2 0.86 % 1.49 % ROAE2 8.0 % 15.4 % ROATCE1,2 8.1 % 15.6 % CET1 Capital Ratio 12.9 % 13.2 % Tier 1 Leverage Ratio 11.3 % 11.6 % Total Risk Based Capital Ratio 14.0 % 14.6 % TCE/TA1 Ratio 10.8 % 10.6 %

Source: Bloomberg 1 Includes CNOB, DCOM, OCFC, PFS and VLY. 2 Cumulative shareholder return (change in stock price plus reinvested dividends). Outperformance versus Peers 50 100 150 200 250 300 350 400 450 3/30/2023 9/17/2023 3/6/2024 8/24/2024 2/11/2025 8/1/2025 1/19/2026 7/9/2026 Total Return Performance NYC Middle-Market Banks1, 2 KBW Regional Banking Index (“KRX”) Metropolitan Commercial Bank 5 182 176 387 7/13/2026

Source: FactSet, S&P Global Market Intelligence. 1 CAGR from December 31, 2017 through March 31, 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 July 13, 2026. Pre-tax, pre-provision net revenue⁴CAGR¹ 2017-2026Q1 Financial Performance Outpacing Peers Since 2017 IPO Deposits CAGR 1 , 1* 2017–2026Q1 Loans CAGR 1 , 1* 2017–2026Q1 23.0% 9.3% 13.6% MCB KRX Index² NYC Middle-Market Banks³ 6 Share price performance since IPO⁵ November 7, 2017 Tangible book value per share⁴ CAGR¹ 2017–2026Q1 Earnings per share CAGR¹ 2017–2026Q1 13.3% 6.3% 4.7% MCB KRX Index² NYC Middle-Market Banks³ 21.5% 9.0% 13.6% MCB KRX Index² NYC Middle-Market Banks³ 21.4% 8.8% 13.1% MCB KRX Index² NYC Middle-Market Banks³ 16.3% 8.5% 3.1% MCB KRX Index² NYC Middle-Market Banks³ 177.6% 38.1% 18.2% MCB KRX Index² NYC Middle-Market Banks³

Differentiating Factors 7

Money Market & Savings, 77% Non-Int. Bearing Demand, 21% Time, 2% EB-5, Title & Escrow, and Charter Schools, 12% Municipal, 20% Bankruptcy Trustees, 6% Property Managers, 20% Deposits from Loan Customers, 18% Retail Deposits, 24% Skilled Nursing CRE and C&I, 44% Other C&I, 10% Other Owner Occupied CRE, 1% Non Owner Occupied CRE, 44% Consumer & 1-4 Family, 1% Highly Diversified Franchise Total Deposits $7.7B Manhattan, 16% Brooklyn, Bronx, Queens, 24% Long Is., 5% NJ, 10% FL, 16% Other US, 29% Loan Portfolio June 30, 2026 Total Loans $7.3B Total Deposits $7.7B Deposits June 30, 2026 Total Loans $7.3B • 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. • 2Q 2026 Cost of deposits: 2.57% 8

$66.6 $67.0 $73.6 $77.3 $85.3 $85.9 $90.4 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 9 1 Represents effective average daily Fed Funds rate. Well Managed Net Interest Margin Net Interest Margin Analysis Estimated Sensitivity of Annual Net Interest Income June 30, 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% 2.58% 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 YTD 2026 Average Fed Funds Rate¹ Average Loan Yield Average Total Cost of Deposits MCB Net Interest Margin ("NIM") 3.38% 1.68% -0.23% -0.58% -200 bps -100 bps +100 bps +200 bps

21.0% 19.5% 20.1% 19.9% 20.6% 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 $6.8 $7.1 $7.4 $7.7 $7.7 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 9.1% 8.8% 8.9% 10.6% 10.8% 2Q 2025 3Q 20254Q 2025 1Q 2026 2Q 2026 Highly Liquid and Resilient Balance Sheet 74% Insured deposits Deposits ($ bn) TCE/TA Ratio1 Non-interest bearing Deposit % Deposit Profile at June 30, 2026 156% Uninsured Deposit Coverage Ratio2 BBB+ Kroll Deposit Rating January 2026 10 $6.6 $6.8 $6.8 $7.0 $7.3 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 Loans ($ 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 26. 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 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 $7.3 billion Gross Loan Portfolio1, 2 June 30, 2026 | $ millions Diversified Loan Portfolio June 30, 2026 42% 6% 6% 6% 5% 5% 3% 3% 3% 7% 11% 42% CRE: Skilled Nursing Facility ("SNF") 6% CRE: Office 6% 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 7% CRE: Other⁴ 11% C&I 1% Consumer & 1-4 Family $3,162 $3,201 $3,147 $3,216 $3,255 $2,353 $2,547 $2,713 $2,851 $3,169 $1,016 $953 $872 $903 $831 $100 $99 $97 $95 $94 $6,631 $6,800 $6,829 $7,065 $7,349 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 Consumer & 1-4 Family C&I CRE: Owner Occupied CRE: Non Owner Occupied* Average 2Q 2026 Yield: 7.18% CRE/RBC ratio3 : 304.1%

17% 16% 10% 9% 8% 7% 5% 3% 25% 17% Manhattan 16% Florida 10% Brooklyn 9% New Jersey 8% Queens 7% Bronx 5% Long Island 3% Other NY 25% Other States 48% 7% 7% 6% 6% 5% 4% 4% 11% 48% Skilled Nursing Facilities 7% Office 7% Hospitality 6% Multifamily 6% Retail 5% Mixed Use 4% Land 4% Construction 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 June 30, 2026 • Weighted average LTV of 63% • Owner occupied – 49% Composition by Type June 30, 2026 Composition by Region June 30, 2026 Vast majority of loans are originated through direct relationships or existing client referrals. Total CRE loans: $6.4 billion

$246 $229 $219 $207 $210 $244 $237 $212 $252 $186 $170 $162 $140 $118 $101 $107 $104 $91 $92 $82 $77 $86 $75 $90 $108 $73 $65 $60 $61 $60 $30 $27 $26 $27 $11 $69 $43 $49 $56 $73 $1,016 $953 $872 $903 $831 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 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 June 30, 2026 Target Market June 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 25% 22% 13% 12% 10% 7% 10% 25% Finance & Insurance 22% Skilled Nursing Facilities 13% Services 12% Individuals 10% Other Healthcare 7% Wholesale 1% Manufacturing 10% Other 1 Certain prior period amounts adjusted to conform to current presentation. C&I Portfolio1 $831 mm June 30, 2026 | $ millions

C&I Healthcare Composition | June 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 – 64% 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 2.0x. • 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. 68% 14% 8% 6% 2% 68% SNF 14% Home Health Care Services 8% Medical Labs 6% Outpatient Care Centers 2% Doctor Office 1% Ambulance Services 1% Continuing Care Retirement Communities CRE SNF $3.1 billion C&I Other $82 mm Healthcare Composition | June 30, 2026 Total Healthcare loans: $3.3 billion 16 Total C&I Healthcare loans: $268 mm Overview June 30, 2026 C&I SNF $186 mm

C&I Skilled Nursing Facility Exposure by State June 30, 2026 Geographically Diversified Skilled Nursing Facility Portfolio CRE Skilled Nursing Facility Exposure by State June 30, 2026 25% 23% 12% 9% 6% 25% 25% Florida 23% New York 12% New Jersey 9% North Carolina 6% Indiana 25% Other States 26% 24% 18% 7% 7% 18% 26% New York 24% Florida 18% New Jersey 7% Indiana 7% Tennessee 18% Other 17 Total CRE SNF loans: $3.1 billion Total C&I SNF loans: $186 mm • CRE – Skilled Nursing Facilities (“SNF”) – average LTV of 73%. • 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 June 30, 2026 1 Source: Zimmet Healthcare Services Group LLC

$2,082 $2,053 $2,081 $2,004 $1,858 $1,266 $1,294 $1,306 $1,332 $1,372 $351 $413 $425 $429 $437 $1,279 $1,409 $1,439 $1,520 $1,563 $1,260 $1,340 $1,478 $1,659 $1,548 $553 $564 $648 $795 $953 $6,791 $7,073 $7,377 $7,739 $7,731 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 EB-5, Title & Escrow, & Charter Schools Municipal Property Managers Bankruptcy Trustees Deposits from Loan Customers Retail Deposits $7.7 Billion Total Deposits June 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 $7,731 2020 2021 2022 2023 2024 2025 Q2 2026 Deposits | $ millions $142 $181 $256 $251 $277 $315 $182 2020 2021 2022 2023 2024 2025 YTD 2026 Revenue | $ millions $39 $60 $59 $77 $67 $71 $51 2020 2021 2022⁴ 2023⁵ 2024⁶ 2025 YTD 2026 Net Income | $ millions $3,137 $3,732 $4,841 $5,625 $6,034 $6,810 $7,329 2020 2021 2022 2023 2024 2025 Q2 2026 20 1 Loans, net of deferred fees and costs. 2 CAGR from December 31, 2020 through June 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% 11.5% 2020 2021 2022³ 2023⁴ 2024⁵ 2025 YTD 2026* ROATCE1 52.5% 48.3% 58.2% 52.5% 62.7% 55.9% 54.1% 2020 2021 2022³ 2023⁴ 2024⁵ 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* 21 1.02% 1.06% 0.90% 1.19% 0.91% 0.90% 1.16% 2020 2021 2022 2023 2024 2025 YTD 2026*

0.20% 0.28% 0.00% 0.92% 0.54% 1.28% 0.91% 2020 2021 2022 2023 2024 2025 Q2 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% 1.35% 2020 2021 2022 2023 2024 2025 YTD 2026¹ 1.13% 0.93% 0.93% 1.03% 1.05% 1.43% 0.85% 2020 2021 2022 2023* 2024 2025 Q2 2026 18.0% 29.6% 0.0% 89.5% 51.5% 89.5% 108.0% 2020 2021 2022 2023* 2024 2025 Q2 2026 22 * Includes $2.3 million increase in ACL due to impact of CECL adoption on January 1, 2023. 1 Annualized

Capital Ratios* Common Equity Tier 1 Capital Ratio 10.1% 14.1% 12.1% 11.5% 11.9% 10.7% 12.9% 2020 2021 2022¹ 2023² 2024³ 2025 Q2 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% 11.3% 2020 2021 2022¹ 2023² 2024³ 2025 Q2 2026 Minimum to be "Well Capitalized" (5%) 12.7% 16.1% 13.4% 12.8% 13.3% 12.3% 14.0% 2020 2021 2022¹ 2023² 2024³ 2025 Q2 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% 10.8% 2020 2021 2022¹ 2023² 2024³ 2025 Q2 2026 23

Conservatively Underwritten, Geographically Diversified CRE Office Portfolio 24 Office by Region June 30, 2026 47% 14% 5% 28% 4% 47% Manhattan 14% Brooklyn 5% Queens 2% Bronx 28% NY Metro Area (outside NYC) 4% Non NY Metro Area Overview June 30, 2026 • Total Office loans: $463mm • Weighted average LTV of 51% • Weighted average occupancy rate of 77%* • Weighted average debt service coverage ratio of 1.7x* • Manhattan loans originated since March 2022 is 100% • Owner-occupied is 9.2% • Varying levels of recourse on approximately 66% of loans * Excluding owner-occupied office properties. 1 Based on Outstanding Balance. 2 Single loan with "as is" LTV of 62%. Occupancy by Region June 30, 2026 Maturity Schedule June 30, 2026| $ millions 37% 79% 70% 42% 88% 81% Non NY Metro Area NY Metro Area (outside NYC) Bronx Queens² Brooklyn Manhattan 2026 2027 Thereafter Total Outstanding Balance $83 $243 $137 $463 Commitment Amount $84 $254 $137 $475 Avg. Commitment Size $8 $16 $7 $10 LTV1 44% 54% 49% 51% Nonperforming 0% 0% 0% 0% WAC 6.3% 6.0% 6.5% 6.2%

25 Conservatively Underwritten Multi-family Portfolio Overview June 30, 2026 | $ millions Stabilized1 Maturity Schedule June 30, 2026 | $ millions Origination Vintage June 30, 2026 • Total Multi-family loans: $414mm • Weighted average LTV of 53% • Recourse on 67% of Total; recourse on 95% of Transitional • Rent regulated 42% of Total • Rent regulated have weighted average LTV of 44% • Stabilized weighted average debt service coverage ratio of 1.9x Transitional1 Maturity Schedule June 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. 2% 14% 84% % of $414mm Outstanding Balance 2017 - 2019 2020 - 2021 2022 - 2026 2026 2027 Thereafter Total Outstanding Balance $49 $55 $43 $147 Commitment Amount $49 $60 $43 $152 Avg. Commitment Size $3 $18 $14 $7 LTV2 54% 75% 53% 62% Rent Regulated2 33% 0% 0% 11% With Recourse2 86% 100% 100% 95% Nonperforming 44% 0% 0% 15% WAC 5.4% 6.4% 6.1% 6.0% 2026 2027 Thereafter Total Outstanding Balance $104 $38 $125 $267 Commitment Amount $105 $38 $131 $274 Avg. Loan Size $7 $5 $5 $5 LTV2 64% 53% 34% 48% Rent Regulated2 64% 53% 56% 59% With Recourse2 81% 45% 28% 51% Nonperforming 0% 0% 0% 0% WAC 6.4% 5.2% 4.8% 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. 26 $ thousand s, e x ce p t p e r share d ata Q2 2026 Q1 2026 2025 2024 2023 2022 Average assets $ 8,971,646 $ 8,566,759 $ 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 $ 8,961,913 $ 8,557,026 $ 7,871,027 $ 7,283,712 $ 6,496,881 $ 6,611,898 Average equity $ 965,023 $ 828,131 $ 732,611 $ 694,154 $ 621,006 $ 578,787 Less: Average preferred equity — — — — — — Average common equity 965,023 828,131 732,611 694,154 621,006 578,787 Less: average intangible assets 9,733 9,733 9,733 9,733 9,733 9,733 Average tangible common equity $ 955,290 $ 818,398 $ 722,878 $ 684,421 $ 611,273 $ 569,054 Total assets $ 8,858,683 $ 8,844,124 $ 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 $ 8,848,950 $ 8,834,391 $ 8,245,983 $ 7,291,016 $ 7,057,939 $ 6,257,604 Total Equity $ 968,166 $ 948,339 $ 743,112 $ 729,827 $ 659,021 $ 575,897 Less: preferred equity — — — — — — Common Equity 968,166 948,339 733,379 729,827 659,021 575,897 Less: intangible assets 9,733 9,733 9,733 9,733 9,733 9,733 Tangible common equity (book value) $ 958,433 $ 938,606 $ 733,379 $ 720,094 $ 649,288 $ 566,164 Tangible common equity (book value) divided by: $ 958,433 $ 938,606 $ 733,379 $ 720,094 $ 649,288 $ 566,164 Tangible assets $ 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 assets 10.8% 10.6% 8.9% 9.9% 9.2% 9.0% Net income divided by: $ 19,223 $ 31,426 $ 71,098 $ 35,121 $ 77,268 $ 59,425 Average tangible common equity $ 955,290 $ 818,398 $ 722,878 $ 684,421 $ 611,273 $ 569,054 Return on average tangible common equity* 11.5% 15.6% 9.8% 5.1% 12.6% 10.4% Common shares outstanding 12,395,278 12,392,035 10,088,617 11,197,625 11,062,729 10,949,965 Book value per share (GAAP) $ 78.11 $ 76.53 $ 73.66 $ 65.18 $ 59.57 $ 52.59 Tangible book value per share (non-GAAP)¹ $ 77.32 $ 75.74 $ 72.69 $ 64.31 $ 58.69 $ 51.70 Total Revenue (GAAP)² $ 93,010 $ 88,490 $ 315,106 $ 276,913 $ 250,739 $ 255,751 Less: Non-interest expense 51,802 46,400 176,005 173,575 131,538 148,737 Less: Gain (loss) on sale of securities — — 674 — — — Pre-tax, pre-provision net revenue $ 41,208 $ 42,090 $ 138,427 $ 103,338 $ 119,201 $ 107,014 *Periods less than one year are annualized. 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. 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 $ thousand s, e x ce p t p e r share d ata 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 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 *Periods less than one year are annualized. For Year Ending

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