Metropolitan Bank's Q4 net income rises on continued margin expansion

Overview

• New York commercial bank's Q4 net income rose to $28.9 mln, driven by margin expansion

• Diluted EPS for Q4 was $2.77, significantly higher than the prior quarter

• Company declared a $0.20 per share dividend, up from $0.15

Outlook

• Company aims to leverage fourth-quarter momentum for continued growth in 2026

Result Drivers

• NET INTEREST INCOME - Increased by $8.0 mln from prior quarter due to higher loan balances and reduced cost of funds

• NET INTEREST MARGIN - Expanded to 4.10% due to loan and deposit pricing strategies and decline in short-term rates

• DEPOSIT GROWTH - Deposits increased by $304.4 mln, supporting loan growth and enhancing liquidity

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the banks peer group is "buy"

• Wall Street's median 12-month price target for Metropolitan Bank Holding Corp is $90.00, about 13.2% above its January 16 closing price of $79.50

• The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nBw7C7svza

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