{"success":true,"data":{"pressRelease":{"id":"158686","rtpr_id":"nGNX44VgDz-20261001","ticker":"MCB","exchange":"NYSE","all_tickers":["MCB"],"title":"MCB Alert: HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Metropolitan Bank Holding Corp. (NYSE: MCB) Investors with Significant Losses to Contact Firm","author":"Globe Newswire","published_at":"2026-10-01T17:29:29.091Z","article_body":"SAN FRANCISCO, Oct. 01, 2026 (GLOBE NEWSWIRE) -- National shareholder rights\nlaw firm Hagens Berman announces that it is investigating potential securities\nlaw violations by Metropolitan Bank Holding Corp. (NYSE: MCB) following\ndisappointing Q2 financial results, unexpected credit quality disclosures, and\na subsequent stock drop.\n\nIf you purchased or acquired Metropolitan Bank securities and suffered\nsignificant losses, \nsubmit your losses now\n(https://www.globenewswire.com/Tracker?data=8et75csnio-Ahw5QS3CIczkmWBF30ZqPvCIp02kOxHLkNgBZD_eeCcTCr_cpx9qEBSn47AL8p0L3yCKY6DdyVQazx2DQ_cry6-bHrbWtDf-gA0iR28a6jDgEAqTvWMzYqfM-pJvINd3ALcw3KUQmEtWEE_-3bXDTGQAUghWKigE=).\n* Visit: www.hbsslaw.com/mcb\n* Email: MCB@hbsslaw.com\n* Call Direct: 844-916-0895\nMCB Investigation Focus: Credit Quality Representations vs. July 21\nDisclosures\n\nHagens Berman’s investigation focuses on whether Metropolitan Bank and\ncertain of its executive officers issued materially false and misleading\nstatements or failed to disclose material credit and reserve risks to\ninvestors during the relevant period.\n* Adequate Reserve Narrative (April 2026 / AGM): Throughout early\n2026—including during the Q1 earnings call and Annual General\nMeeting—management assured investors that credit issues were merely a\nlocalized “speed bump” involving only five specific credits. Executives\nportrayed legacy loan concerns as fully contained, stated that the bank was\n“adequately reserved,” expressed confidence in a \"full recovery\" of\nprincipal, interest, and legal fees on troubled assets like the Kansas City\nloan, and guided that criticized and classified loans would return to normal,\nextremely low trends.\n\n\n* The July 21 Reality Check: On July 21, 2026, Metropolitan Bank reported its\nQ2 2026 financial results, revealing a steep earnings miss (EPS of $1.54 vs.\nconsensus estimates of roughly $2.28) driven by a severe spike in credit loss\nprovisions and unexpected write-downs.\n\n * Overall Portfolio Health: Rather than a speed bump limited to five known\ncredits, earnings were hit by several \"isolated items,\" including a\nsignificant new $26 million C&I non-performing loan.\n* Reserve Adequacy: The \"adequately reserved\" narrative was upended by $14\nmillion in unexpected new charge-offs, including $10 million for C&I and $4\nmillion for a high-net-worth exposure, alongside a separate $10 million\ncharge-off for a window and door manufacturer.\n\n\n* Loan Resolutions: Despite assurances of a \"full\" recovery of legal expenses\non the Kansas City loan, the final settlement resulted in only a \"partial\nreimbursement\" of legal fees.\n“Our investigation focuses on whether Metropolitan Bank may have misled\ninvestors by downplaying credit quality issues as a contained ‘speed bump’\nwhile underlying risks in the C&I and legacy loan portfolios may have\nfestered,” said Reed Kathrein\n(https://www.globenewswire.com/Tracker?data=HZNO1EALC5cCmKbYT6t2Ux0I7DkHd3QrthivafvITRdkL_uvenuDj9RVy9s1wP-mP96Cgdx4KRfL0o05c4d439QBnsUqSHxTDiQ_msB-RP0K2eh3WDcXlUoA90cH_5P1),\nthe Hagens Berman partner leading the firm’s investigation.\n\nMarket Impact and Stock Drop\n\nFollowing these disappointing disclosures, Metropolitan Bank shares suffered a\nsharp selloff, dropping nearly 9% in a single session as the market absorbed\nthe disclosures of deteriorating credit trends and surging provisions.\n\nWhat MCB Investors & Whistleblowers Can Do\n* Investors with Losses: If you invested in Metropolitan Bank Holding Corp.\n(NYSE: MCB) shares and have substantial losses, submit your loss information\nhere\n(https://www.hbsslaw.com/cases/metropolitan-bank-holding-corp-mcb-investigation).\n(https://www.hbsslaw.com/cases/metropolitan-bank-holding-corp-mcb-investigation)\n* Whistleblowers: Persons with non-public information regarding Metropolitan\nBank should consider their options to help in the investigation or take\nadvantage of the SEC Whistleblower program. Under the new program,\nwhistleblowers who provide original information may receive rewards totaling\nup to 30 percent of any successful recovery made by the SEC.\nContact Reed Kathrein directly at (844) 916-0895 or via email at\nMCB@hbsslaw.com.\n\nAbout Hagens Berman\n(https://www.globenewswire.com/Tracker?data=1uXB2CbkjDVUQDVUYMjDig2qxekAG0aGNbMcwaMlPU7Nj7S1COq7YWl5dLNOczv2xP_amdP-lRpJ2iaUfNhrV-sZG8iG9N18tXcrP7IPyX4=)\nHagens Berman Sobol Shapiro LLP represents investors in securities fraud and\nshareholder rights litigation. The firm has recovered billions of dollars for\ndefrauded investors and has been recognized among the nation’s leading\nplaintiffs' securities law firms by ISS Securities Class Action Services.\nHagens Berman has 90 attorneys in 10 offices and operates in three additional\ncountries. For more information, visit https://www.hbsslaw.com, and learn more\nabout the firm's securities fraud practice at @securitiesHB and\nhttps://www.hbsslaw.com/practices/investor-fraud.\n\nAttorney Advertising. Prior results do not guarantee a similar outcome in any\nfuture case.\n\nContact: Hagens Berman, Reed Kathrein, 715 Hearst Avenue, Suite 300,\nBerkeley, CA 94710, 844-916-0895, MCB@hbsslaw.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/2c81cd72-0ffb-43c9-9d0f-b622c3e44e43)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX44VgDz-20261001","title":"MCB Alert: HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Metropolitan Bank Holding Corp. (NYSE: MCB) Investors with Significant Losses to Contact Firm","author":"Globe Newswire","ticker":"MCB","created":"2026-10-01T17:29:29.091Z","tickers":["MCB"],"exchange":"NYSE","article_body":"SAN FRANCISCO, Oct. 01, 2026 (GLOBE NEWSWIRE) -- National shareholder rights\nlaw firm Hagens Berman announces that it is investigating potential securities\nlaw violations by Metropolitan Bank Holding Corp. (NYSE: MCB) following\ndisappointing Q2 financial results, unexpected credit quality disclosures, and\na subsequent stock drop.\n\nIf you purchased or acquired Metropolitan Bank securities and suffered\nsignificant losses, \nsubmit your losses now\n(https://www.globenewswire.com/Tracker?data=8et75csnio-Ahw5QS3CIczkmWBF30ZqPvCIp02kOxHLkNgBZD_eeCcTCr_cpx9qEBSn47AL8p0L3yCKY6DdyVQazx2DQ_cry6-bHrbWtDf-gA0iR28a6jDgEAqTvWMzYqfM-pJvINd3ALcw3KUQmEtWEE_-3bXDTGQAUghWKigE=).\n* Visit: www.hbsslaw.com/mcb\n* Email: MCB@hbsslaw.com\n* Call Direct: 844-916-0895\nMCB Investigation Focus: Credit Quality Representations vs. July 21\nDisclosures\n\nHagens Berman’s investigation focuses on whether Metropolitan Bank and\ncertain of its executive officers issued materially false and misleading\nstatements or failed to disclose material credit and reserve risks to\ninvestors during the relevant period.\n* Adequate Reserve Narrative (April 2026 / AGM): Throughout early\n2026—including during the Q1 earnings call and Annual General\nMeeting—management assured investors that credit issues were merely a\nlocalized “speed bump” involving only five specific credits. Executives\nportrayed legacy loan concerns as fully contained, stated that the bank was\n“adequately reserved,” expressed confidence in a \"full recovery\" of\nprincipal, interest, and legal fees on troubled assets like the Kansas City\nloan, and guided that criticized and classified loans would return to normal,\nextremely low trends.\n\n\n* The July 21 Reality Check: On July 21, 2026, Metropolitan Bank reported its\nQ2 2026 financial results, revealing a steep earnings miss (EPS of $1.54 vs.\nconsensus estimates of roughly $2.28) driven by a severe spike in credit loss\nprovisions and unexpected write-downs.\n\n * Overall Portfolio Health: Rather than a speed bump limited to five known\ncredits, earnings were hit by several \"isolated items,\" including a\nsignificant new $26 million C&I non-performing loan.\n* Reserve Adequacy: The \"adequately reserved\" narrative was upended by $14\nmillion in unexpected new charge-offs, including $10 million for C&I and $4\nmillion for a high-net-worth exposure, alongside a separate $10 million\ncharge-off for a window and door manufacturer.\n\n\n* Loan Resolutions: Despite assurances of a \"full\" recovery of legal expenses\non the Kansas City loan, the final settlement resulted in only a \"partial\nreimbursement\" of legal fees.\n“Our investigation focuses on whether Metropolitan Bank may have misled\ninvestors by downplaying credit quality issues as a contained ‘speed bump’\nwhile underlying risks in the C&I and legacy loan portfolios may have\nfestered,” said Reed Kathrein\n(https://www.globenewswire.com/Tracker?data=HZNO1EALC5cCmKbYT6t2Ux0I7DkHd3QrthivafvITRdkL_uvenuDj9RVy9s1wP-mP96Cgdx4KRfL0o05c4d439QBnsUqSHxTDiQ_msB-RP0K2eh3WDcXlUoA90cH_5P1),\nthe Hagens Berman partner leading the firm’s investigation.\n\nMarket Impact and Stock Drop\n\nFollowing these disappointing disclosures, Metropolitan Bank shares suffered a\nsharp selloff, dropping nearly 9% in a single session as the market absorbed\nthe disclosures of deteriorating credit trends and surging provisions.\n\nWhat MCB Investors & Whistleblowers Can Do\n* Investors with Losses: If you invested in Metropolitan Bank Holding Corp.\n(NYSE: MCB) shares and have substantial losses, submit your loss information\nhere\n(https://www.hbsslaw.com/cases/metropolitan-bank-holding-corp-mcb-investigation).\n(https://www.hbsslaw.com/cases/metropolitan-bank-holding-corp-mcb-investigation)\n* Whistleblowers: Persons with non-public information regarding Metropolitan\nBank should consider their options to help in the investigation or take\nadvantage of the SEC Whistleblower program. Under the new program,\nwhistleblowers who provide original information may receive rewards totaling\nup to 30 percent of any successful recovery made by the SEC.\nContact Reed Kathrein directly at (844) 916-0895 or via email at\nMCB@hbsslaw.com.\n\nAbout Hagens Berman\n(https://www.globenewswire.com/Tracker?data=1uXB2CbkjDVUQDVUYMjDig2qxekAG0aGNbMcwaMlPU7Nj7S1COq7YWl5dLNOczv2xP_amdP-lRpJ2iaUfNhrV-sZG8iG9N18tXcrP7IPyX4=)\nHagens Berman Sobol Shapiro LLP represents investors in securities fraud and\nshareholder rights litigation. The firm has recovered billions of dollars for\ndefrauded investors and has been recognized among the nation’s leading\nplaintiffs' securities law firms by ISS Securities Class Action Services.\nHagens Berman has 90 attorneys in 10 offices and operates in three additional\ncountries. For more information, visit https://www.hbsslaw.com, and learn more\nabout the firm's securities fraud practice at @securitiesHB and\nhttps://www.hbsslaw.com/practices/investor-fraud.\n\nAttorney Advertising. Prior results do not guarantee a similar outcome in any\nfuture case.\n\nContact: Hagens Berman, Reed Kathrein, 715 Hearst Avenue, Suite 300,\nBerkeley, CA 94710, 844-916-0895, MCB@hbsslaw.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/2c81cd72-0ffb-43c9-9d0f-b622c3e44e43)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-10-01T17:29:29.132454793Z","server_sent_at_ms":1790875769132},"received_at":"2026-10-01T17:29:29.186Z","source_url":null},"analysis":{"id":"147310","press_release_id":"158686","analysis_json":{"industry":{"label":"Banks","sector":"Financials"},"redFlags":["underlying credit deterioration alleged: reserve adequacy statements may have been misleading","Q2 EPS miss ($1.54 vs ~$2.28 consensus) driven by surging provisions and charge-offs","potential securities-fraud exposure creates tail litigation risk for MCB"],"eventType":"legal_litigation","narrative":"Hagens Berman announced it is investigating Metropolitan Bank Holding Corp. (NYSE: MCB) for potential securities law violations tied to credit-quality representations made before its July 21 Q2 disclosures.\n\nThe release recaps the catalyst: Q2 EPS of $1.54 versus roughly $2.28 consensus, a $26 million new C&I non-performing loan, $14 million in unexpected charge-offs, and a stock drop of nearly 9% in one session.\n\nThis is law-firm marketing, not an issuer disclosure; no class action has been filed or certified, so treat as low-signal noise for now.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm investigation solicitation -- suppress; monitor for actual class-action filing instead."},"keyFigures":{"customDimensions":{"eps_q2_2026":1.54,"new_cni_npl":"$26 million","eps_consensus":2.28,"new_charge_offs":"$14 million","single_session_stock_drop":"nearly 9%"}},"quotedText":"Our investigation focuses on whether Metropolitan Bank may have misled investors by downplaying credit quality issues as a contained 'speed bump'","namedEntities":{"people":[{"name":"Reed Kathrein","role":"Hagens Berman partner leading investigation"}],"products":[],"companies":[{"name":"Metropolitan Bank Holding Corp.","ticker":"MCB","relationship":"investigation target"},{"name":"Hagens Berman Sobol Shapiro LLP","relationship":"plaintiff law firm"}],"dollarAmounts":[{"amount":"$26 million","context":"new C&I non-performing loan cited in investigation"},{"amount":"$14 million","context":"unexpected new charge-offs"},{"amount":"$10 million","context":"C&I charge-off"},{"amount":"$4 million","context":"high-net-worth exposure charge-off"},{"amount":"$10 million","context":"charge-off for a window and door manufacturer"}]},"materialImpact":{"score":1,"reasoning":"Plaintiff law-firm solicitation issued by Hagens Berman investigating MCB; no class certified and no settlement announced. Boilerplate investor-contact CTA dominates the release."},"tickerRelevance":{"others":[],"primary":"MCB"},"globalImportance":15,"audienceRelevance":12,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false,"retailFavoriteBoost":false}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Hagens Berman announced it is investigating Metropolitan Bank Holding Corp. (NYSE: MCB) for potential securities law violations tied to credit-quality representations made before its July 21 Q2 disclosures.\n\nThe release recaps the catalyst: Q2 EPS of $1.54 versus roughly $2.28 consensus, a $26 million new C&I non-performing loan, $14 million in unexpected charge-offs, and a stock drop of nearly 9% in one session.\n\nThis is law-firm marketing, not an issuer disclosure; no class action has been filed or certified, so treat as low-signal noise for now.","key_figures":{"customDimensions":{"eps_q2_2026":1.54,"new_cni_npl":"$26 million","eps_consensus":2.28,"new_charge_offs":"$14 million","single_session_stock_drop":"nearly 9%"}},"named_entities":{"people":[{"name":"Reed Kathrein","role":"Hagens Berman partner leading investigation"}],"products":[],"companies":[{"name":"Metropolitan Bank Holding Corp.","ticker":"MCB","relationship":"investigation target"},{"name":"Hagens Berman Sobol Shapiro LLP","relationship":"plaintiff law firm"}],"dollarAmounts":[{"amount":"$26 million","context":"new C&I non-performing loan cited in investigation"},{"amount":"$14 million","context":"unexpected new charge-offs"},{"amount":"$10 million","context":"C&I charge-off"},{"amount":"$4 million","context":"high-net-worth exposure charge-off"},{"amount":"$10 million","context":"charge-off for a window and door manufacturer"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-01T17:29:34.980Z","global_importance":15,"audience_relevance":12,"importance_components":{"tickerTier":"small-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false,"retailFavoriteBoost":false}},"durationMs":5834,"modelName":"glm-5.3-flashx"}}