Metropolitan Bank Holding Corp. Launches Public Offering of Common Stock

Metropolitan Bank Holding Corp. Prices Public Offering, Bolstering Capital for Growth

NEW YORK — Metropolitan Bank Holding Corp. (NYSE: MCB), the parent company of Metropolitan Commercial Bank, announced today the pricing of an underwritten public offering of 2.1 million shares of its common stock at $85.00 per share. The offering is poised to generate approximately $178.5 million in gross proceeds, before accounting for underwriting discounts and associated expenses. The bank has also granted underwriters an option to purchase an additional 15% of the shares, which could boost gross proceeds to around $205.3 million if fully exercised.

These proceeds are earmarked to fuel the company’s organic growth strategies, fund investments in its banking subsidiary, bolster working capital for ongoing operations, and address general corporate needs. The transaction is anticipated to close on February 27, 2026, pending the satisfaction of customary closing conditions.

The offering was managed by UBS Investment Bank and Hovde Group, LLC, serving as joint book-running managers.

This capital infusion arrives at a critical juncture for regional banks. Following a period of volatility in the financial sector, driven by concerns over interest rate sensitivity and deposit stability, institutions like Metropolitan Bank are strategically positioning themselves for resilience and expansion. The ability to raise significant capital through equity offerings signals investor confidence in MCB’s business model and its capacity to navigate the evolving economic landscape.

Metropolitan Commercial Bank, known for its full-service commercial banking operations in New York City, has garnered recognition for its performance. Notably, it was named one of Newsweek’s Best Regional Banks for 2024 and 2025. Furthermore, the Independent Community Bankers of America recognized the bank as a top ten loan producer among commercial banks with over $1 billion in assets in 2024. Kroll also affirmed the bank’s BBB+ investment-grade deposit rating in January 2026, underscoring its financial stability. MCB’s consistent inclusion in Piper Sandler’s Bank Sm-All Stars Class of 2024 further attests to its operational excellence and market standing.

The strategic deployment of this newly raised capital will be key. Investing in technology infrastructure, enhancing digital banking capabilities, and expanding its talent pool are likely priorities. In a competitive market, banks that can effectively leverage technology to improve customer experience, streamline operations, and offer innovative financial solutions are poised for sustained success. Metropolitan Bank’s focus on supporting both established businesses and emerging enterprises positions it to capitalize on the diverse economic activity within its primary market. The company’s commitment to organic growth suggests a measured approach, prioritizing sustainable expansion over aggressive, potentially riskier, ventures.

For investors, this offering represents an opportunity to participate in the growth trajectory of a well-regarded regional bank. The pricing at $85.00 per share suggests a valuation that reflects the bank’s current market position and future prospects. However, as with any investment, potential shareholders are advised to conduct thorough due diligence, referencing the company’s filings with the Securities and Exchange Commission for a comprehensive understanding of the risks and opportunities involved.

The company has filed a shelf registration statement on Form S-3 with the SEC, which has become effective. Investors are encouraged to review the preliminary prospectus supplement and accompanying prospectus, along with other SEC filings, for detailed information regarding the offering and the company.

This press release does not constitute an offer to sell or a solicitation of an offer to buy securities, and any offering will be made solely through a written prospectus that meets the requirements of Section 10 of the Securities Act of 1933, as amended.