Metropolitan Bank Holding Corp. 8-K

What Happened

• Metropolitan Bank Holding Corp. (MCB) filed an 8‑K on Feb. 26, 2026 disclosing it entered into an underwriting agreement (dated Feb. 25, 2026) with UBS Securities LLC and Hovde Group, LLC to sell 2,100,000 shares of common stock in a registered public offering.
• The underwriters have a 30‑day option to purchase up to an additional 315,000 shares. The Offering is expected to close on Feb. 27, 2026, and the Company estimates net proceeds of approximately $169.3 million after underwriting discounts, commissions and estimated offering expenses. A press release announcing the pricing was furnished under Regulation FD on Feb. 25, 2026.

Key Details

• Offering size: 2,100,000 shares of common stock; underwriter option: +315,000 shares (30 days).
• Expected close date: February 27, 2026.
• Estimated net proceeds to MCB: ~$169.3 million (after fees and expenses).
• Lead underwriters: UBS Securities LLC and Hovde Group, LLC; legal opinion filed as Exhibit 5.1.

Why It Matters

• This offering is a material capital raise: it will increase the company’s cash by about $169.3M (net) and increase the number of shares outstanding, which can dilute existing shareholders.
• Investors should review the prospectus/prospectus supplement for details on use of proceeds, dilution, and risks, and note the underwriting and legal documents included with the 8‑K for full terms.