- Metropolitan Bank Holding Corp. (MCB, Financial) plans to initiate a quarterly cash dividend by Q3 2025.
- The move reflects the company's ongoing financial strength and growth potential.
- Dividend details, such as size and dates, will be announced following board approval.
Metropolitan Bank Holding Corp. (MCB), the parent company of New York City-based Metropolitan Commercial Bank, has declared its intention to commence a quarterly cash dividend on its common stock as soon as the third quarter of 2025. This development, stemming from a recently approved capital plan, highlights the company's dedication to enhancing shareholder value and delivering consistent returns.
According to Mark R. DeFazio, President and CEO of Metropolitan Bank Holding Corp., the planned quarterly dividend aligns with MCB's robust financial profile and ongoing capital accumulation. "Our intention to commence a quarterly cash dividend underscores our confidence in accelerating long-term growth and providing stable returns to our stockholders," he noted.
The company has also launched a stock repurchase program, aiming to further bolster shareholder returns. Details concerning the dividend's size, record date, and payment date will be disclosed once the board of directors grants approval, taking into consideration various factors, including market conditions and the company's capital position.
Metropolitan Bank Holding Corp. is a New York State-chartered commercial bank with a strong presence in the region, known for its comprehensive suite of banking products and services. The bank was named one of Newsweek’s Best Regional Banks in both 2024 and 2025, and it maintains a BBB+ investment-grade deposit rating from Kroll.
