Metropolitan Bank Holding Raises Quarterly Dividend 25% to $0.25 Per Share
Metropolitan Bank Holding Corp. (NYSE: MCB), a New York-based commercial bank, increased its quarterly cash dividend to $0.25 per share, up from $0.20 per share. The board declared the dividend on April 20, 2026.
Metropolitan Bank Holding Corp. (NYSE: MCB), a New York-based commercial bank, raised its quarterly cash dividend by 25% to $0.25 per share, up from the previous quarterly rate of $0.20 per share. The board of directors declared the dividend on April 20, 2026. Read more dividend announcements.
The $0.05 increase marks the latest step in capital return to shareholders following a strong first quarter. The company did not immediately disclose the record date, ex-dividend date, or payment date for the distribution.
| Dividend Detail | Information |
|---|---|
| Amount | $0.25 per share |
| Previous Amount | $0.20 per share |
| Increase | $0.05 (25%) |
| Declaration Date | April 20, 2026 |
| Record Date | Not disclosed |
| Ex-Dividend Date | Not disclosed |
| Payment Date | Not disclosed |
Strong First Quarter Performance
The dividend increase accompanies first-quarter 2026 results showing diluted earnings per share of $2.92, compared to $2.77 in the prior quarter and $1.45 in the year-ago period. Net income reached $31.4 million for the quarter.
Net interest income climbed 28.3% year-over-year to $85.9 million, while the net interest margin expanded to 4.08% from 3.68% in the prior-year period. The bank posted an annualized return on average equity of 15.4% and an annualized return on average tangible common equity of 15.6%.
Total loans stood at $7.0 billion at March 31, 2026, up 3.5% from December 31, 2025, and 11.1% from the prior year. Total deposits reached $7.7 billion, increasing 4.9% quarter-over-quarter and 20.0% year-over-year.
Recent Capital Raise
Metropolitan Bank completed a public equity offering during the quarter, selling approximately 2.3 million shares of common stock at $85.00 per share. The offering generated net proceeds of approximately $186.8 million after underwriting discounts and commissions.
The company and bank maintained total risk-based capital ratios of 14.6% and 14.3%, respectively, at March 31, 2026, well above regulatory minimums. The bank qualifies as "well capitalized" under all applicable regulatory guidelines.