Metropolitan Bank Holding Corp. (MCB) reported third-quarter diluted EPS of $2.58, up from $1.54 in the prior quarter, as net interest income rose 7.9% to $97.6 million and net interest margin reached 4.36%. Total loans grew 10.6% from year-end 2025 to $7.5 billion, and deposits rose 12.8% to $8.3 billion, mainly from the EB-5 vertical, which management expects to slow. Non-performing loans edged up to 0.95% after a single commercial real estate loan was placed on non-accrual status, while management said credit performance is reverting to long-term averages. The company plans to launch its payments platform for the gaming industry in the first quarter of 2027 and to open new branches in North Carolina, Connecticut and Queens, New York, through early 2027.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on fool.com ↗
Keywords
Open a keyword to see other news on the same topic.
Related news
- Popular ( BPOP ) Q3 2026 Earnings Call Transcript
Popular (BPOP) reported third-quarter net income of $266 million, up 26% from a year earlier, with diluted EPS of $4.21. Net interest income reached $699 million, supported by higher income from investment securities and commercial loans, while total deposits fell $1.5 billion to $68.7 billion mainly due to lower Puerto Rico public sector balances. The bank cut its full-year 2026 loan growth guidance to 2% from 3% to 4%, citing lower auto and lease activity. Nonperforming loans rose to a 1.16% ratio from 1.04%, while the company raised its quarterly dividend 20% to $0.90 per share and repurchased $179 million of stock.
- Is Capital One Financial a Buy After Its Latest Earnings Report?
Capital One beat analyst estimates on profit and slightly on revenue in the third quarter, with revenue of $16.3 billion (up 6%) and adjusted net income of nearly $4.1 billion, or $6.69 per share, versus $5.50 expected. Card purchase volume rose 11% to nearly $255 billion, helped by moving debit card transactions onto its own network after acquiring Discover. Consumer banking revenue grew 17% to $3.3 billion, and loans held for investment rose 13% to just over $94 billion, though the article warns loan growth may slow after the Federal Reserve's rate hike at the end of September. Commercial banking revenue was flat at $901 million. Discover synergies reached an annualized $1.8 billion, with integration costs above $2.8 billion, which management expects to fall to zero by 2028.
- LPBank: Construction loan balance surges by VND 48,000 billion in Q3, record profit driven by service income
In Q3/2026, LPBank's construction loan balance rose by nearly VND 48,000 billion, lifting the sector's share of total loans above 20% and making it the second-largest group after wholesale, retail, and auto and motorbike repair. Q3 pre-tax profit reached VND 4,448 billion, up nearly 29% year on year and the highest quarterly profit on record, while net interest income fell about 7.4%. The gap was offset by net service income of VND 3,395 billion, nearly four times the prior-year level. For the first nine months, pre-tax profit totaled VND 10,421 billion, up 8% and about 70% of the full-year plan of VND 14,982 billion. Other service income made up over 91% of service income, but the financial statements do not break it down, so the reasons for its sharp rise cannot be determined.
- Pathward ( CASH ) Q4 2026 Earnings Call Transcript
Pathward (CASH) reported fourth-quarter net income of $38.6 million and diluted EPS of $1.85, with full-year fiscal 2026 diluted EPS at $8.14. Management credited the results to balance sheet optimization and growth in commercial finance, with loan originations rising to $2.2 billion, mainly from credit sponsorship. The nonperforming loans and leases ratio rose to 5.61% due to certain renewable energy construction projects, and net charge-offs totaled $52 million in the quarter. The company guided fiscal 2027 EPS to $9.50 to $10.00 and extended its contract with H&R Block through mid-2030.
- What Pathward Financial ( CASH ) Said on Its Q4 Earnings Call
Pathward Financial (NASDAQ:CASH) said its fourth-quarter and fiscal 2026 results reflected growth in commercial finance and payments fee income, while it continues to work through credit issues tied partly to renewable energy projects. Full-year net income reached $175.7 million, or $8.14 per diluted share, with return on average assets at 2.30% and loans and leases up 9%. The nonperforming loans ratio rose modestly to 5.61%, and net charge-offs were $52 million in the quarter, including $20.3 million in commercial finance; management said these remain concentrated in previously disclosed credits. The company expects credit costs to normalize during fiscal 2027 and reiterated EPS guidance of $9.50 to $10, assuming no further rate changes. It also estimated that a 25-basis-point rate increase could add roughly $2 million pretax over a full year.
- Lake Shore Bancorp , Inc . Announces Third Quarter 2026 Financial Results
Lake Shore Bancorp reported unaudited third-quarter 2026 net income of $2.3 million, or $0.31 per diluted share, compared with $2.4 million, or $0.32 per share, a year earlier. For the first nine months, net income rose to $6.4 million, or $0.87 per diluted share, from $5.3 million. Net interest income grew $786,000, or 12.4%, year over year, partly offset by a higher provision for credit losses. The year-over-year decline in quarterly net income was attributed to two one-time non-interest income events in third-quarter 2025. Net interest margin rose to 4.17% from 3.72% a year earlier, the efficiency ratio improved to 60.95%, and the bank remains well capitalized with a Tier 1 Leverage ratio of 17.56%.
Related markets
Latest news
- Bank Profits Surge
The 9-month 2026 results show many banks continued to grow profits, with some posting record quarterly earnings. VPBank's pre-tax profit reached nearly VND 30,000 billion, up nearly 47%, equal to its full-year 2025 result and about 72.4% of its 2026 plan; Q3 pre-tax profit topped VND 11,000 billion. Techcombank posted VND 28,900 billion (up 23.7%), while LPBank reported VND 10,421 billion (up nearly 9%). SSI forecasts pre-tax profit of its monitored banks to rise 19.5% in 2026 before slowing to 15.4% in 2027, pressured by narrowing net interest margins and rising credit risk provisions. It also expects system-wide credit growth of 16-17% in 2027 and 17.9% for the monitored banks.
- World's Largest Gold Fund Dumps Over 10 Tonnes of Gold as Prices Slide
SPDR Gold Trust, the world's largest gold fund, continued net selling of nearly 12 tonnes of gold in the 22/10 session, bringing total sales over 2 sessions to nearly 15 tonnes and cutting its holdings to about 1,046 tonnes. Spot gold fell more than 2.8% to around USD 4,025 per ounce at the close of 22/10, and briefly dipped below USD 4,000 per ounce in the morning session of 23/10. Tensions in the Middle East pushed crude oil prices higher, raising concerns about inflation and further Fed tightening, and gold has still not attracted sustained safe-haven demand even as US Treasury yields fell. US September CPI rose 0.6% month on month and 3.7% year on year, while PPI rose 1.3% and 6.3%. Markets price about an 84% chance the Fed holds rates steady at its 27-28/10 meeting and a 16% chance of a 25 basis-point increase; September PCE data due on 29/10 is the next key factor to watch.
- Gold Prices Continue to Fall
On the morning of 23/10, domestic gold prices kept falling, with SJC bar prices varying by seller and the premium over world gold widening. Công ty TNHH Vàng bạc đá quý Sài Gòn listed SJC bars at VND 139-142 million per tael (buy-sell), down VND 300,000; Phú Quý was at VND 138-141.8 million, down VND 500,000; and Mi Hồng at VND 140-141.5 million, down VND 800,000. Gold rings also fell by varying amounts, with DOJI at VND 138-142 million and Phú Quý at VND 138-141 million per tael. World gold dropped USD 129 to around USD 3,992 per ounce, equal to about VND 125.3 million per tael, leaving SJC bars about VND 16.7 million per tael above the world price. The State Bank's central rate was set at 25,627 VND/USD, down 5 dong, while Vietcombank quoted 25,660-26,040 VND/USD (buy-sell).
- Company Linked to Billionaire Pham Nhat Vuong Announces Major Good News
VEFAC (ticker VEF), a Vingroup subsidiary, posted Q3 net revenue of nearly VND 77 billion, up 67% year on year, but a gross loss of about VND 27 billion as cost of sales from its exhibition business exceeded revenue. Q3 profit rose mainly thanks to a gross gain of about VND 65 billion from transferring some schools in a project to a partner, while financial income reached over VND 388 billion, mostly from loan and investment income. For the first nine months of 2026, after-tax profit was nearly VND 865 billion, down about 94% from VND 15,418 billion in the same period of 2025, as the prior year included large gains from transferring part of the Vinhomes Global Gate project. As of 30/9/2026, total assets stood at over VND 31,905 billion, up 36% from the start of the year, while total liabilities exceeded VND 24,364 billion, with short-term customer advances rising from VND 411 billion to over VND 8,373 billion.
- Lotte and Phat Dat Officially Break Ground on VND 60,000 Billion Mega Project in Thu Thiem 'Golden Land'
A joint venture between Lotte Group (South Korea) and Phát Đạt (HoSE: PDR) officially broke ground on 23/10 on Lotte Eco Smart City Thu Thiem in the Thu Thiem New Urban Area, HCMC, with total investment of about VND 60,000 billion. The project covers nearly 7.5 ha and will combine Grade A offices, retail, services, accommodation and housing, adjoining the central plaza and central lake of Thu Thiem. Phát Đạt holds 35% of Lotte Properties HCMC, the project developer, and will develop the housing blocks along with two towers (2-1 and 2-3) with about 219,722 m2 of floor area, while Lotte handles block 2-5. Lotte Properties HCMC paid VND 17,569 billion in land-use fees on 31/7/2026, and Phát Đạt completed its VND 7,666 billion payment to take its 35% stake. MB is funding all of Phát Đạt's capital contribution, while VietinBank and BIDV also support the project.
- International Business : Global stocks nosedive as Meta dents AI optimism
Global stocks retreated as tech earnings failed to ease concerns about the AI outlook, with MSCI's All-World index set for its largest daily fall in two weeks, down 0.4 per cent. Meta beat third-quarter revenue expectations, but its plan to issue non-voting stock revived worries about its mounting capital commitments, and a New Mexico judge ordered it to pay a $25 billion penalty in a data privacy case. Brent crude rose nearly 3% to $112 a barrel, near a five-month high, after more Houthi attacks in Saudi Arabia raised supply risks. Investors moved into government bonds, pushing the US 10-year yield down to 5.05%, below France's for the first time in 13 years, while French yields have climbed above 5% amid concerns over social unrest and debt. The France-Germany 10-year spread reached 177.7 basis points, its widest since 2011, while gold fell 1.8% to $4,070 an ounce.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.