MCBMEDIUM SIGNALFINANCIAL10-K

Metropolitan Bank Holding Corp. shows strong balance sheet growth with deposits expanding 23% and cash reserves nearly doubling, though operating cash flow declined 40%.

The substantial increase in deposits and dramatic improvement in cash position indicates successful customer acquisition and strengthened liquidity, but the decline in operating cash flow warrants monitoring as it may signal changing operational dynamics or timing differences. The 10% growth in net interest income alongside deposit growth suggests the bank is effectively deploying new funds, though margin pressure may be emerging.

Comparing 2026-02-20 vs 2025-02-28View on EDGAR →
FINANCIAL ANALYSIS

MCB demonstrated robust balance sheet expansion with total assets growing 13% to $8.3B, driven primarily by a 23% increase in deposits to $7.4B and cash reserves that roughly doubled to $394M. However, operating cash flow declined meaningfully by 40% to $89M despite net interest income growing a solid 10% to $515M. The overall picture suggests a bank successfully gathering deposits and building liquidity buffers, though the operating cash flow decline indicates potential margin compression or timing issues that merit investor attention.

FINANCIAL STATEMENT CHANGES
Cash & Equivalents
Balance Sheet
+96.5%
$200.3M$393.6M

Cash position surged 96.5% — strong cash generation or capital raise providing significant financial cushion.

Operating Cash Flow
Cash Flow
-40.3%
$148.5M$88.7M

Operating cash flow fell 40.3% — earnings quality concerns; investigate working capital changes and non-cash items.

Total Deposits
Balance Sheet
+23.3%
$6.0B$7.4B

Deposits grew 23.3% — expanding customer base or increased trust in the institution.

Total Liabilities
Balance Sheet
+14.3%
$6.6B$7.5B

Liabilities increased 14.3% — monitor debt-to-equity ratio and interest coverage.

Total Assets
Balance Sheet
+13.1%
$7.3B$8.3B

Asset base grew 13.1% — expansion through organic growth, acquisitions, or capital deployment.

Net Interest Income
P&L
+10%
$468.4M$515.3M

Net interest income grew 10% — benefiting from rate environment or loan book expansion.

LANGUAGE CHANGES
NEW — 2026-02-20
PRIOR — 2025-02-28
ADDED
As of February 13, 2026, there were issued and outstanding 10,116,117 shares of the Registrant s Common Stock.
Generally accepted accounting principles Bank Metropolitan Commercial Bank GPG Global Payments Group BHC Act Bank Holding Company Act of 1956, as amended HTM Held-to-maturity BSA Bank Secrecy Act IRR Interest rate risk C I Commercial and Industrial ISO Incentive stock option CARES Act Coronavirus Aid, Relief, and Economic Security Act JOBS Act The Jumpstart Our Business Startups Act CECL Current Expected Credit Loss LTV Loan-to-value Company Metropolitan Bank Holding Corp.
MBS Mortgage-backed securities Coronavirus COVID-19 N/A Not applicable CRA Community Reinvestment Act NYDFS New York State Department of Financial Services CRE Commercial real estate OCC Office of the Comptroller of the Currency CRE Guidance Commercial Real Estate Lending, Sound Risk Management Practices PRSU Performance-based restricted stock units DIF Deposit Insurance Fund ROU Right of use EB-5 Program EB-5 Immigrant Investor Program SEC U.S.
Securities and Exchange Commission EGC Emerging Growth Company SOFR Secured Overnight Financing Rate ERMC Enterprise Risk Management Committee USD U.S.
(the Company ) and its wholly-owned subsidiary Metropolitan Commercial Bank (the Bank ), share repurchases under the Company s share repurchase program, dividend payments and the Company s strategies, plans, objectives, expectations and intentions, and other statements contained in this Annual Report on Form 10-K that are not historical facts.
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REMOVED
As of February 24, 2025, there were issued and outstanding 11,225,125 shares of the Registrant s Common Stock.
N/A Not applicable Coronavirus COVID-19 NYSDFS New York State Department of Financial Services CRA Community Reinvestment Act OCC Office of the Comptroller of the Currency CRE Commercial real estate OTTI Other-than-temporary impairment CRE Guidance Commercial Real Estate Lending, Sound Risk Management Practices PRSU Performance restricted share units DIF Deposit Insurance Fund ROU Right of use EB-5 Program EB-5 Immigrant Investor Program SEC U.S.
Securities and Exchange Commission EGC Emerging Growth Company SOFR Secured Overnight Financing Rate EVE Economic value of equity TDR Troubled debt restructuring FASB Financial Accounting Standards Board USD U.S.
(the Company ) and its wholly-owned subsidiary Metropolitan Commercial Bank (the Bank ), and the Company s strategies, plans, objectives, expectations and intentions, and other statements contained in this Annual Report on Form 10-K that are not historical facts.
Factors that may cause actual results to differ from those results expressed or implied include those factors listed under Part I, Item 1A.
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