Metropolitan Bank Holding Corp. reported a total revenue of $515.3 million for the fiscal year ending December 31, 2025, marking a 10% increase from $468.4 million in 2024. The bank's net income rose to $71.1 million, up from $66.7 million the previous year, driven primarily by an increase in net interest income, which grew by $18.7 million. This growth was partially offset by a decrease in non-interest income, primarily due to the absence of $13.4 million in revenue from its Banking-as-a-Service (BaaS) business, which the company exited in 2024.
The bank's total assets increased by 13.1% to $8.3 billion, with total loans reaching $6.8 billion, a 12.9% rise from the previous year. The growth in loans was primarily attributed to a $884.1 million increase in commercial real estate (CRE) loans, although there was a $174.5 million decrease in commercial and industrial (C&I) loans. The bank's loan production for 2025 was $1.9 billion, compared to $1.3 billion in 2024. The company also reported a significant increase in total deposits, which rose by $1.4 billion, or 23.3%, to $7.4 billion.
Operationally, the bank has focused on expanding its presence in the New York metropolitan area, where it operates seven banking centers. The company plans to open a new banking center in West Palm Beach, Florida, in the second quarter of 2026. As of December 31, 2025, the bank employed 326 full-time employees, reflecting a 10.6% increase from the previous year, driven by strategic priorities aligned with branch network expansion and governance areas.
The bank's asset quality showed some deterioration, with non-performing loans increasing to $86.9 million from $32.6 million in 2024, primarily due to a single out-of-market CRE multi-family loan classified as non-performing. The allowance for credit losses (ACL) increased to $97.1 million, or 1.43% of total loans, compared to 1.05% in the prior year. The company adopted the Current Expected Credit Loss (CECL) model effective January 1, 2023, which requires a more forward-looking approach to estimating credit losses.
Looking ahead, Metropolitan Bank Holding Corp. remains focused on organic growth and expanding its market share, particularly in the New York metropolitan area. The company aims to deepen existing client relationships while attracting new clients through its tailored banking solutions. However, it acknowledges potential risks related to economic conditions, regulatory changes, and competition in the financial services industry, which could impact its future performance.
About Metropolitan Bank Holding Corp.
Metropolitan Bank Holding Corp. is a New York-based bank holding company operating Metropolitan Commercial Bank, which provides business, commercial, and retail banking services. Its offerings include loans, deposit products, cash management, and specialized financial solutions for small to middle-market clients, real estate entrepreneurs, and public entities primarily in the New York metropolitan area. The bank emphasizes relationship banking, tailored services, and a diversified funding strategy to support growth and community engagement.
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