Metropolitan Bank Holding Corp. Launches Public Offering of Common Stock

Core Viewpoint - Metropolitan Bank Holding Corp. has launched a public offering of $175.0 million of common stock to support its growth initiatives and general corporate purposes [1] Group 1: Public Offering Details - The company is offering $175.0 million in common stock and may grant underwriters a 30-day option to purchase an additional 15% of the shares sold [1] - The offering is subject to market conditions, and there is no assurance regarding its completion or terms [1] - Proceeds from the offering will be used for organic growth initiatives, investments in the Bank, working capital, and general corporate purposes [1] Group 2: Company Background - Metropolitan Bank Holding Corp. is the parent company of Metropolitan Commercial Bank, a full-service commercial bank based in New York City [1] - The Bank provides a wide range of banking products and services to individuals, small businesses, and corporate enterprises [1] - The Bank has received accolades, including being named one of Newsweek's Best Regional Banks in 2024 and 2025, and ranked as a top ten loan producer among commercial banks with over $1 billion in assets [1] Group 3: Financial Performance - For the fourth quarter of 2025, the company reported net income of $28.9 million, or $2.77 per diluted common share, compared to $7.1 million, or $0.67 per diluted common share, in the third quarter of 2025 [2] - The fourth quarter 2025 net income also shows an increase from $21.4 million, or $1.88 per diluted common share, in the fourth quarter of 2024 [2] Group 4: Dividend Announcement - The company declared a quarterly cash dividend of $0.20 per share, an increase of $0.05 from the previous dividend of $0.15 per share [3] - The dividend is payable on February 6, 2026, to shareholders of record as of January 27, 2026 [3]