Metropolitan Bank Holding Corp recently filed a document with the U.S. Securities and Exchange Commission, announcing that its board of directors approved a new stock repurchase plan on June 19, 2026.

The plan authorizes the company to repurchase ordinary shares worth up to 50 million US dollars on the open market. This move aims to optimize the company's capital structure and enhance shareholder value. The repurchase plan will be executed flexibly based on factors such as market conditions, share price levels, and the company's liquidity needs. Company management stated that this action reflects the board of directors’ confidence in the company’s long-term development prospects and their ongoing focus on capital allocation strategies. The specific timing and scale of the stock repurchase plan will be determined at the discretion of management and may be suspended or terminated at any time. The company plans to fund the repurchase through existing cash balances.