Metropolitan Bank (MCB) investor relations material

Executive summary

• Entered 2026 with strong momentum, achieving 14% and 12% CAGR in loans and deposits from 2020 to Q1 2026, supported by signed client commitments, active onboarding, and a public equity offering.

• Revenue grew at a 17% CAGR and net income at a 13% CAGR since 2020, with Q1 2026 net income rising to $31.4 million from $16.4 million a year ago.

• Completed a $186.8 million public equity offering and increased the quarterly dividend to $0.25 per share.

• Outperformed peers in total return, EPS growth, and tangible book value growth since IPO.

• Business model continues a long-standing strategy with disciplined execution and outperformance across cycles.

Financial highlights

• Q1 2026 assets: $8.8B; loans: $7.0B; deposits: $7.7B; net interest income: $85.9M; net interest margin: 4.08%.

• Total loan originations and draws were $524 million at a weighted average coupon of 7.24%.

• Deposits grew by $363 million (5%) in Q1, outpacing loan growth.

• Non-interest expense was $46.4 million, up due to higher compensation, benefits, and technology costs.

• Efficiency ratio improved to 52.4% from 60.5% a year ago.

Outlook and guidance

• Loan pipelines remain strong, with over $1.2 billion in opportunities and $700 million in signed term sheets.

• Management expects at least 20% net interest income growth for the full year and NIM to rise to 4.15%-4.20% by year-end.

• Deposit growth expected to fund all 2026 loan growth; digital transformation integration expected by Q2 2026 with $18M total project costs.

• Payments and HUD initiatives anticipated to contribute meaningfully to fee income and deposit funding in the second half of 2026.

• Expense guidance for the year remains at $189-$191 million.