Metropolitan Bank (MCB)
Runs commercial lending and specialty deposits for New York's middle market from a lean branch footprint.
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A New York City commercial bank built on niche deposit relationships — municipalities, property managers, bankruptcy trustees, title and escrow agents, and EB-5 program funds — funding loans concentrated in commercial real estate, with a large share tied to healthcare and skilled-nursing facilities. Handful of banking centers, large balance sheet relative to headcount.
Founded in 1999 to serve middle-market companies and real-estate entrepreneurs the founders felt the largest banks overlooked, the bank pairs commercial and industrial lending with commercial real estate loans concentrated in healthcare and skilled-nursing properties.
Deposits lean on specialty verticals rather than a broad retail network: municipalities, property managers, bankruptcy trustees, title and escrow agents, and EB-5 investor-visa escrow accounts. That mix lets a small staff run a large balance sheet from a handful of banking centers in Manhattan, Brooklyn and Long Island, with an early-stage push into Florida.
Regulators fined the bank over anti-money-laundering lapses tied to a third-party prepaid-card program; the board answered by exiting crypto-asset banking in 2023 and winding down remaining Banking-as-a-Service partnerships the next year.
Mark R. DeFazio, one of the founders, has led the bank as President and CEO since it opened its doors.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 28, 2026 | UBS | Reiterate | Rating: —Target: $97 | Target: $100 |
| Apr 16, 2026 | UBS | Target | Target: — | Target: $97 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $10.3M · Total debt $36.6M · Total assets $8.86B · Shareholders' equity $968.2M
- Revenue
- $6.9M
- Operating income
- −$44.4M
- Net income
- $19.2M
HistoryDividendAnnual yield
| Institutions | ≈ 90.61% | 11.23M shares | |
|---|---|---|---|
| 208 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 5.20% | 644.6K shares | |
| 21 holders · as of Sep 18, 2026 | |||
| Other | ≈ 4.19% | 520.1K shares | |
| remainder | |||
12.40M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 9.75% | 1.21M | as of Jun 30, 2026 |
Wellington Management Group LLPInstitution | 8.25% | 1.02M | as of Jun 30, 2026 |
T. Rowe Price Investment Management, Inc.Institution | 8.06% | 998,668 | filed Feb 14, 2024 |
Patriot Financial Partners GP Ii, L.P.Institution | 5.36% | 664,884 | as of Jun 30, 2026 |
Adage Capital Partners GP, L.L.C.Institution | 4.24% | 525,415 | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 17, 2026 | Dale C. Fredston | director | −2,000 | $89.09 |
| Aug 10, 2026 | Robert C. Patent | director | −10,000 | $92.29 |
| Jul 23, 2026 | Daniel F. Dougherty | officer: EVP & Chief Financial Officer | +1,000 | $89.98 |
| Jul 1, 2026 | Nick Rosenberg | officer: Executive Vice President | −1,807 | $100.43 |
| Jun 30, 2026 | Nick Rosenberg | officer: Executive Vice President | −90 | $100.03 |
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CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Metropolitan Bank | $88.36 | +0.05% | $1.11B | 11.3 | 8.6 | 2.6 | +22.0% |
| Dime Commercial Bancshares | $40.54 | 0.00% | $1.80B | 14.7 | 10.7 | 2.4 | +17.1% |
| Flagstar Bank | $12.54 | −0.08% | $5.25B | 676.9 | 16.0 | 1.2 | +4.0% |
| Valley National Bancorp | $13.13 | +0.08% | $7.43B | 11.2 | 9.3 | 2.5 | +13.3% |
| ConnectOne Bancorp | $31.20 | −0.05% | $1.59B | 9.8 | 8.9 | 2.6 | +46.0% |
| Customers Bancorp | $77.35 | −0.03% | $2.67B | 9.6 | 8.6 | 1.8 | +12.4% |
| Preferred Bank | $106.29 | −0.06% | $1.26B | 9.7 | 9.9 | 2.5 | +4.0% |
| Northeast Bank | $131.86 | −0.12% | $1.10B | 10.4 | 9.0 | 2.9 | +4.1% |
| Median | 10.4 | 9.3 | 2.5 | +12.4% |