MCB

MKT CAP:$917M

Metropolitan Bank Holding Corp.

Market Cap

$917M

Financial Services·Banks - Regional·🇺🇸 United States·NYSE

Financials·Banks - Regional·🇺🇸·NYSE

Stock Price

$89.17+$12.20 (+15.85%)

Apr 23, 2026

Company Details

Metropolitan Bank Holding Corp. operates as the bank holding company for Metropolitan Commercial Bank that provides a range of business, commercial, and retail banking products and services to small businesses, middle-market enterprises, pu...

CEO

Nick R. Rosenberg

IPO Date

Nov 8, 2017

Website

www.metropolitanbankny.com

Key Metrics TTM

Revenue

$542M

+9.5% YoY

Net Income

$86M

EPS (Diluted)

$8.12

Free Cash Flow

$82M

Revenue / Share

$50.41

Gross Margin

55.7%

Operating Margin

22.6%

Net Margin

15.9%

FCF Margin

15.2%

P/S

1.7x

P/E

10.6x

Earnings Reports

Q1 2026

Apr 21, 2026

NEW

$138M+12.3%EPS $2.92

FY 2025

Feb 20, 2026

$527M+7.1%EPS $6.62

Q4 2025

Feb 20, 2026

$141M+13.1%EPS $2.77

Q3 2025

Nov 7, 2025

$135M+6.1%EPS $0.67

Q2 2025

Aug 1, 2025

$130M+6.4%EPS $1.76

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$66M	$60M	$34M
Q3 22	$76M	$67M	$36M
Q4 22	$87M	$68M	$1M
Q1 23	$90M	$65M	$34M
Q2 23	$97M	$57M	$25M
Q3 23	$104M	$59M	$28M
Q4 23	$112M	$57M	$20M
Q1 24	$119M	$66M	$24M
Q2 24	$122M	$66M	$24M
Q3 24	$127M	$69M	$18M
Q4 24	$124M	$70M	$31M
Q1 25	$122M	$66M	$23M
Q2 25	$130M	$70M	$27M
Q3 25	$135M	$56M	$10M
Q4 25	$141M	$86M	$41M
Q1 26	$138M	$91M	$44M

Valuation

Quarter	P/S	P/E
Q2 22	3.4x	10.2x
Q3 22	2.8x	8.4x
Q4 22	2.3x	11.0x
Q1 23	1.1x	5.3x
Q2 23	1.1x	6.8x
Q3 23	1.0x	7.1x
Q4 23	1.4x	7.5x
Q1 24	0.9x	6.0x
Q2 24	1.0x	6.8x
Q3 24	1.2x	9.8x
Q4 24	1.3x	9.8x
Q1 25	1.2x	8.8x
Q2 25	1.5x	10.7x
Q3 25	1.6x	12.5x
Q4 25	1.5x	11.3x
Q1 26	1.5x	9.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$31M	$29M
Q2 22	-$10M	-$12M
Q3 22	$53M	$38M
Q4 22	$11M	$12M
Q1 23	$39M	$38M
Q2 23	$7M	$6M
Q3 23	$27M	$24M
Q4 23	-$31M	-$32M
Q1 24	$25M	$25M
Q2 24	$35M	$35M
Q3 24	$5M	$4M
Q4 24	$83M	$82M
Q1 25	$8M	$6M
Q2 25	$18M	$18M
Q3 25	$32M	$31M
Q4 25	$31M	$28M

Capital Expenditures

Quarter	CapEx
Q1 22	$2M
Q2 22	$2M
Q3 22	$16M
Q4 22	$485.0K
Q1 23	$980.0K
Q2 23	$908.0K
Q3 23	$3M
Q4 23	$838.0K
Q1 24	$111.0K
Q2 24	$753.0K
Q3 24	$629.0K
Q4 24	$1M
Q1 25	$2M
Q2 25	$878.0K
Q3 25	$305.0K
Q4 25	$3M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+40.1%	+17.7%
Q3 22	+49.0%	+49.5%
Q4 22	+54.7%	+204.5%
Q1 23	+54.5%	+74.3%
Q2 23	+46.4%	+121.3%
Q3 23	+37.6%	+90.5%
Q4 23	+28.7%	+7.4%
Q1 24	+32.3%	+68.5%
Q2 24	+25.9%	+36.2%
Q3 24	+21.4%	+43.5%
Q4 24	+11.1%	+1.0%
Q1 25	+2.6%	+4.2%
Q2 25	+6.4%	+5.0%
Q3 25	+6.1%	+13.9%
Q4 25	+13.1%	+7.0%
Q1 26	+12.3%	-6.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$2M	2.6%
Q2 22	$2M	3.1%
Q3 22	$2M	2.7%
Q4 22	$2M	2.6%
Q1 23	$2M	2.5%
Q2 23	$3M	2.7%
Q3 23	$3M	2.5%
Q4 23	$2M	2.1%
Q1 24	$2M	1.6%
Q2 24	$2M	1.8%
Q3 24	$2M	2.0%
Q4 24	$2M	1.8%
Q1 25	$2M	1.5%
Q2 25	$3M	2.0%
Q3 25	$3M	2.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q2 22	$15M
Q3 22	$16M
Q4 22	$21M
Q1 23	$19M
Q2 23	$17M
Q3 23	$19M
Q4 23	$21M
Q1 24	$23M
Q2 24	$21M
Q3 24	$23M
Q4 24	$23M
Q1 25	$25M
Q2 25	$20M
Q3 25	$24M
Q4 25	$23M
Q1 26	$3M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$1.3B	$466M	$1.8B
Q3 22	$709M	$423M	$1.1B
Q4 22	$257M	$0	$257M
Q1 23	$300M	$444M	$744M
Q2 23	$202M	$426M	$628M
Q3 23	$177M	$430M	$607M
Q4 23	$269M	$0	$269M
Q1 24	$534M	$498M	$1.0B
Q2 24	$245M	$505M	$749M
Q3 24	$318M	$511M	$829M
Q4 24	$200M	$67M	$267M
Q1 25	$196M	$57M	$253M
Q2 25	$152M	$534M	$686M
Q3 25	$386M	$535M	$921M
Q4 25	$394M	$551M	$945M
Q1 26	$12M	$650M	$662M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	11M	-0.3%	+31.0%
Q3 22	11M	-0.1%	+25.7%
Q4 22	11M	+0.1%	+0.9%
Q1 23	11M	-0.7%	-1.1%
Q2 23	11M	+1.6%	+0.8%
Q3 23	11M	-1.3%	-0.4%
Q4 23	11M	+2.1%	+1.6%
Q1 24	11M	-2.0%	+0.3%
Q2 24	11M	+0.6%	-0.7%
Q3 24	11M	+1.0%	+1.6%
Q4 24	11M	+0.7%	+0.2%
Q1 25	11M	-0.9%	+1.3%
Q2 25	11M	-5.4%	-4.7%
Q3 25	11M	-0.8%	-6.4%
Q4 25	10M	-1.6%	-8.5%
Q1 26	11M	+3.2%	-4.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$327.5K	202
Q3 22	$375.6K	202
Q4 22	$363.6K	239
Q1 23	$377.6K	239
Q2 23	$405.2K	239
Q3 23	$436.9K	239
Q4 23	$406.6K	275
Q1 24	$434.0K	275
Q2 24	$443.3K	275
Q3 24	$460.9K	275
Q4 24	$426.9K	291
Q1 25	$420.6K	291
Q2 25	$445.6K	291
Q3 25	$462.3K	291
Q4 25	$431.1K	326
Q1 26	$421.8K	326

Revenue / Employee