☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-38282 METROPOLITAN BANK HOLDING CORP. (Exact name of registrant as specified in its charter) New York 13-4042724 (State or other jurisdiction of inc ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to __________________ Commission File No. 001-38282 Metropolitan Bank Holding Corp. (Exact Name of Registrant as Specified in Its Charter) New Yor ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to __________________ Commission File No. 001-38282 Metropolitan Bank Holding Corp. (Exact Name of Registrant as Specified in Its Charter) New York 13- ...

Financial Data and Key Metrics Changes - The second quarter of 2023 showed a net interest margin (NIM) compression of 42 basis points, primarily due to the replacement of non-interest bearing crypto deposits with borrowings [14][32] - New loan production yielded an average of 8.19%, up from 6.34% in the first quarter, indicating a focus on pricing discipline [14] - Average borrowings decreased from $597 million to $425 million, reflecting a reduction in reliance on higher-cost borrowings [13] Business Line Data and Key Metrics Changes - The global payments business saw a revenue increase of 21% from non-bank financial service companies, with corporate disbursement client revenues up 27% [15] - Retail deposits, including those from loan customers, increased nearly 13% in the quarter, demonstrating strong growth from both existing and new customers [33] Market Data and Key Metrics Changes - Crypto deposits were reduced by $220 million in the quarter, with only $58 million remaining at the end of the quarter, expected to be fully transitioned away soon [33] - Non-interest-bearing deposits decreased by $400 million, with half attributed to crypto-related outflows and the other half due to normal client liquidity deployment [42] Company Strategy and Development Direction - The company is focused on transitioning from higher-cost borrowings to lower-cost deposits, aiming to stabilize and eventually expand net interest margins [11][31] - MCB is optimistic about future growth opportunities arising from market disruptions and is committed to maintaining a disciplined approach to pricing and risk management [11][31] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges of a high-rate environment but expressed confidence in the company's ability to manage its balance sheet effectively [5][10] - The company expects to return to historical funding strategies with reduced reliance on borrowed funds, aiming for a loan-to-deposit ratio below 100% in the future [69][70] Other Important Information - Professional fees are expected to decrease by approximately $2 million in the third quarter, contributing to a more favorable expense outlook [16][57] - The effective tax rate is projected to be between 31% and 32%, excluding discrete items [37] Q&A Session Summary Question: What is the outlook for NIM recovery? - Management indicated that NIM could potentially recover to the 380 to 390 basis points range, depending on asset yields and the balance sheet's sensitivity to liabilities [39][41] Question: What caused the decrease in non-interest-bearing deposits? - The decrease was attributed to normal flows, particularly from retail and commercial lending clients deploying liquidity, rather than a wholesale repricing of deposits [42] Question: What is the status of the GPG fee income? - The crypto-related fee income is expected to drop to zero in the third quarter as the business has wound down [53] Question: How does the company view loan growth given the current loan-to-deposit ratio? - Management is comfortable operating above a 100% loan-to-deposit ratio in the short term but expects to return to more historical levels over the next few quarters [69][70] Question: What are the expectations for overall expense growth? - After normalizing for professional fees, management anticipates continued investment in human capital, which may lead to overall expenses being up in the third quarter [58]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to __________________ Commission File No. 001-38282 Metropolitan Bank Holding Corp. (Exact Name of Registrant as Specified in Its Charter) (State or O ...

Metropolitan Bank Holding Corp. (NYSE:MCB) Q1 2023 Earnings Conference Call April 19, 2023 8:30 AM ET Company Participants Mark Defazio - President, Chief Executive Officer Greg Sigrist - Executive Vice President, Chief Financial Officer Conference Call Participants Chris O’Connell - KBW Alex Lau - JP Morgan Operator Welcome to Metropolitan Commercial Bank’s first quarter 2023 earnings call. Hosting the call today from Metropolitan Commercial Bank are Mark Defazio, President and Chief Executive Officer, an ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-38282 METROPOLITAN BANK HOLDING CORP. (Exact name of registrant as specified in its charter) (State or other juris ...

Metropolitan Bank Holding Corp. (NYSE:MCB) Q4 2022 Earnings Conference Call January 20, 2023 9:00 AM ET Company Participants Mark DeFazio - President and Chief Executive Officer Greg Sigrist - Executive Vice President and Chief Financial Officer Conference Call Participants Alex Lau - J.P. Morgan Chris O'Connell - KBW Operator Welcome to Metropolitan Commercial Bank's Fourth Quarter and Full Year 2022 Earnings Call. Hosting the call today from Metropolitan Commercial Bank are Mark DeFazio, President and Chi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to __________________ Commission File No. 001-38282 Metropolitan Bank Holding Corp. (Exact Name of Registrant as Specified in Its Charter) (State ...

Metropolitan Bank Holding Corp. (NYSE:MCB) Q3 2022 Earnings Conference Call October 21, 2022 9:00 AM ET Company Participants Mark DeFazio - President and CEO Greg Sigrist - EVP and CFO Conference Call Participants Chris O’Connell - KBW Alex Lau - JPMorgan Operator Welcome to the Metropolitan Commercial Bank's Third Quarter 2022 Earnings Call. Hosting the call today from Metropolitan Commercial Bank, are Mark DeFazio, President and Chief Executive Officer; and Greg Sigrist, Executive Vice President and Chief ...