The bank achieved a 28.3% year-over-year increase in net interest income by 2026Q1, though net interest margins remain constrained at 1.0%.
Metropolitan Bank Holding Corp. (MCB) annual income statement — 11-year revenue, gross profit & net income history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 |
|---|
| Net Interest Income | 63.12M | 303.24M | 253.08M | 222.84M | 229.16M | 157M | 124.92M | 97.61M | 71.23M | 52.19M | 38.07M | 27.42M |
| NII Growth % | -276.83% | 19.82% | 13.57% | -2.76% | 45.96% | 25.68% | 27.98% | 37.04% | 36.47% | 37.11% | 38.82% | - |
| Net Interest Margin % | 0.71% | 3.67% | 3.47% | 3.15% | 3.66% | 2.21% | 2.88% | 2.91% | 3.26% | 2.97% | 3.12% | 2.84% |
| Interest Income | 269.46M | 515.28M | 468.38M | 375.4M | 260.74M | 173.28M | 143.1M | 129.78M | 83.94M | 60.75M | 44.16M | 32.68M |
| Interest Expense | 206.34M | 212.04M | 215.29M | 152.57M | 31.58M | 16.28M | 18.18M | 32.17M | 12.72M | 8.67M | 6.09M | 5.26M |
| Loan Loss Provision | 20.64M | 37.59M | 6.26M | 12.28M | 10.12M | 3.82M | 9.49M | 4.22M | 3.14M | 7.06M | 8.06M | 2.02M |
| Non-Interest Income | 150.07M | 11.87M | 23.83M | 27.9M | 26.59M | 23.7M | 17M | 10.63M | 12.16M | 11.3M | 5.02M | 3.8M |
| Non-Interest Income % | 70.39% | 3.77% | 8.61% | 11.13% | 10.4% | 13.11% | 11.98% | 9.82% | 14.58% | 17.8% | 11.65% | 12.17% |
| Total Net Revenue | 213.19M | 315.11M | 276.91M | 250.74M | 255.75M | 180.7M | 141.92M | 108.24M | 83.38M | 63.49M | 43.09M | 31.22M |
| Revenue Growth % | -26.33% | 13.79% | 10.44% | -1.96% | 41.53% | 27.32% | 31.12% | 29.81% | 31.33% | 47.36% | 38.01% | - |
| Non-Interest Expense | 141.19M | 176M | 173.57M | 131.54M | 148.74M | 87.31M | 74.52M | 59.95M | 43.47M | 32.74M | 26.97M | 22.38M |
| Efficiency Ratio | 66.23% | 55.86% | 62.68% | 52.46% | 58.16% | 48.32% | 52.51% | 55.39% | 52.13% | 51.57% | 62.59% | 71.68% |
| Operating Income | 51.36M | 101.51M | 97.08M | 106.92M | 96.9M | 89.57M | 57.92M | 44.06M | 36.77M | 23.58M | 8.06M | 6.83M |
| Operating Margin % | 24.09% | 32.21% | 35.06% | 42.64% | 37.89% | 49.57% | 40.81% | 40.71% | 44.1% | 37.13% | 18.7% | 21.87% |
| Operating Income Growth % | - | 4.56% | -9.2% | 10.34% | 8.18% | 54.65% | 31.45% | 19.81% | 55.97% | 192.6% | 18.01% | - |
| Pretax Income | 123.64M | 101.51M | 97.08M | 106.92M | 96.9M | 89.57M | 57.92M | 44.06M | 36.77M | 23.58M | 8.06M | 6.83M |
| Pretax Margin % | 57.99% | 32.21% | 35.06% | 42.64% | 37.89% | 49.57% | 40.81% | 40.71% | 44.1% | 37.13% | 18.7% | 21.87% |
| Income Tax | 37.01M | 30.41M | 30.39M | 29.65M | 37.47M | 29.02M | 18.45M | 13.93M | 11.22M | 11.21M | 3.04M | 2.56M |
| Effective Tax Rate % | 29.94% | 29.96% | 31.31% | 27.73% | 38.67% | 32.39% | 31.86% | 31.61% | 30.51% | 47.54% | 37.79% | 37.48% |
| Net Income | 86.63M | 71.1M | 66.69M | 77.27M | 59.42M | 60.55M | 39.47M | 30.13M | 25.55M | 12.37M | 5.01M | 4.27M |
| Net Margin % | 40.63% | 22.56% | 24.08% | 30.82% | 23.24% | 33.51% | 27.81% | 27.84% | 30.65% | 19.48% | 11.63% | 13.67% |
| Net Income Growth % | 25.9% | 6.62% | -13.7% | 30.03% | -1.87% | 53.44% | 30.97% | 17.92% | 106.6% | 146.74% | 17.43% | - |
| Net Income (Continuing) | 86.63M | 71.1M | 66.69M | 77.27M | 59.42M | 60.55M | 39.47M | 30.13M | 25.55M | 12.37M | 5.01M | 4.27M |
| EPS (Diluted) | 7.52 | 6.62 | 5.93 | 6.91 | 5.29 | 6.45 | 4.66 | 3.56 | 3.06 | 2.34 | 0.65 | 1.38 |
| EPS Growth % | 28.04% | 11.64% | -14.18% | 30.62% | -17.98% | 38.41% | 30.9% | 16.34% | 30.77% | 260% | -52.9% | - |
| EPS (Basic) | - | 6.71 | 5.96 | 6.95 | 5.42 | 6.64 | 4.76 | 3.63 | 3.12 | 2.40 | 0.65 | 1.38 |
| Diluted Shares Outstanding | 11.52M | 10.74M | 11.26M | 11.13M | 11.2M | 9.27M | 8.4M | 8.34M | 8.35M | 8.2M | 7.73M | 3.1M |
Quick answers to the most common questions about buying MCB stock.
For fiscal year 2025, Metropolitan Bank Holding Corp. (MCB) reported total revenue of $315.1M. This represents a 909.3% increase compared to $31.2M in 2015.
Metropolitan Bank Holding Corp. (MCB) is profitable, generating $71.1M in net income for the fiscal year ending 2025 with a net profit margin of 13.5%.
Metropolitan Bank Holding Corp. (MCB) reported an operating income of $101.5M, resulting in an operating profit margin of 19.3%. This margin reflects the operational efficiency of the business before interest and taxes.
Metropolitan Bank Holding Corp. (MCB) generated $277.5M in gross profit for the year, representing a gross profit margin of 52.6%. This demonstrates the company's core pricing power and production efficiency.
Key Metrics
Top Statement Risk
NYC CRE concentration risk
Metrics are mathematically derived from official filings.
Net Interest Income Growth Momentum
As reported in recent financial filings, Metropolitan Bank Holding Corp. achieved a notable 28.3% year-over-year growth in net interest income by 2026Q1, signaling a successful expansion of its interest-earning asset base despite the broader challenges facing regional lenders in the current interest rate environment.
The acceleration in NII suggests that the bank's core lending operations are effectively scaling, likely benefiting from the repricing of its commercial loan portfolio. Investors should monitor whether this growth trajectory remains sustainable as the bank navigates the transition away from its previous crypto-asset deposit reliance.
Net Interest Margin Stability Challenges
Based on the provided quarterly data, the bank's net interest margin has remained relatively constrained, hovering near 1.0% as of 2026Q1, which reflects the ongoing pressure on funding costs relative to the yields generated from its specialized commercial and industrial loan portfolio.
The persistent compression in NIM suggests that the bank's cost of funds is rising in tandem with asset yields, limiting the potential for significant margin expansion. This trend warrants further investigation into the bank's deposit beta and its ability to maintain low-cost funding through its fintech-integrated payment channels.
Operational Efficiency and Expense Management
According to the bank's income statement data, the efficiency ratio improved to 33.7% in 2026Q1, demonstrating a disciplined approach to managing non-interest expenses even as the institution invests in the regulatory and compliance infrastructure required for its complex global payments and BaaS business model.
The ability to maintain an efficiency ratio in the low-to-mid 30s indicates that management is successfully leveraging its tech-enabled platform to control overhead costs. However, investors should remain cautious, as any further regulatory requirements could necessitate additional spending that might pressure this ratio in future periods.
Provisioning Volatility and Credit Quality
As indicated by the quarterly financial statements, the bank experienced significant volatility in provision expenses, most notably a $23.9 million charge in 2025Q3, which highlights the inherent sensitivity of the loan book to potential credit deterioration within the New York metropolitan commercial real estate market.
The sharp fluctuation in provisioning suggests that the bank's credit models are highly reactive to the localized economic conditions of its primary lending geography. This volatility implies that future earnings may remain susceptible to sudden adjustments in loss expectations if occupancy rates or property valuations in the NYC market continue to soften.
Non-Interest Income Composition Shift
Based on the reported figures, non-interest fee income has trended downward from 5.9% of total revenue in 2024Q1 to 1.9% in 2026Q1, reflecting the strategic exit from the crypto-asset vertical and the resulting loss of associated transaction-based fee streams for the institution.
This decline in fee contribution suggests a fundamental shift in the bank's revenue mix, moving away from high-velocity fintech fees toward a more traditional spread-based model. Investors should monitor whether the bank can successfully replace these lost fee streams with new, sustainable revenue sources from its core payments infrastructure.