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NEW YORK - Metropolitan Bank Holding Corp. (NYSE:MCB) announced Thursday its board of directors has declared a quarterly dividend of $0.15 per share, marking the company’s first cash dividend since its 2017 initial public offering. According to InvestingPro analysis, MCB is currently trading near its Fair Value, with shares priced at $74.18.
The dividend will be payable on August 11, 2025, to shareholders of record as of July 28, 2025, according to a press release statement from the bank.
Alongside the dividend announcement, Metropolitan’s board approved a new share repurchase plan authorizing up to $50 million in common stock buybacks. This follows the full utilization of its previous repurchase program announced in March 2025.
The company indicated the new repurchase plan has no expiration date and may be executed through open market purchases or other means in accordance with securities laws. The timing and volume of repurchases will depend on various factors including market conditions and share price.
"We are thrilled to announce this quarterly cash dividend, the first in our history as a publicly traded company," said Mark DeFazio, President and Chief Executive Officer, in the statement.
Metropolitan Bank Holding Corp. is the parent company of Metropolitan Commercial Bank, a New York City-based full-service commercial bank that provides banking products and services to individuals, small businesses, middle-market enterprises, municipalities, and local government entities.
The bank was named among Newsweek’s Best Regional Banks in 2024 and 2025, and earned a place in the Piper Sandler Bank Sm-All Stars Class of 2024 for the fourth time, according to the company.
In other recent news, Metropolitan Bank Holding reported its first-quarter 2025 earnings, revealing a diluted earnings per share (EPS) of $1.45, which missed the forecasted $1.56. Despite this, the company’s revenue of $70.59 million surpassed expectations of $67.62 million, reflecting strong performance in its core banking operations. The bank also reported a 5.1% growth in loans and a 7.8% increase in deposits, indicating robust expansion. Metropolitan Bank plans to integrate a new technology stack by the end of 2025, supporting its strategic focus on technology and loan growth. Looking ahead, the bank projects a loan growth of 10-12% for the year and expects its net interest margin to stabilize between 3.7% and 3.75%. Meanwhile, Metro Bank’s largest shareholder, Jaime Gilinski Bacal, is considering selling his majority stake in the British lender. Gilinski, who owns 52.87% of Metro Bank, has received interest from potential investors. These developments come after a recovery in Metro Bank’s share price following a significant equity recapitalization in 2023.
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