Metropolitan Bank Holding Board Declares Initial Quarterly Cash Dividend Of $0.15/Shr; Approves New Share Repurchase Plan With Authorization To Purchase Up To $50M Shares

Metropolitan Bank Holding Corp. (the "Company") (NYSE:MCB), the holding company for Metropolitan Commercial Bank, is pleased to announce that its board of directors declared a quarterly dividend of $0.15 per share on the Company's common stock (the "Dividend"), the Company's first cash dividend since its initial public offering in 2017. The Company expects to continue to distribute regular cash dividends subject to the discretion of the board of directors and in accordance with applicable securities, corporate and banking laws, rules, regulations, and guidance. The Dividend is payable on August 11, 2025 to holders of record of the Company's common stock at the close of business on July 28, 2025.

The Company is also pleased to announce that its board of directors approved a new share repurchase plan with authorization to purchase up to $50 million of the Company's common stock. The Company used all of the available capacity under its repurchase program that was previously announced in March 2025. The Company may repurchase shares of common stock from time to time on the open market or by other means in accordance with applicable securities laws and other restrictions, including, in part, under a Rule 10b5-1 plan. The number of shares to be repurchased and the timing of repurchases, if any, will depend on several factors, including market conditions, prevailing share price, corporate and regulatory requirements, and other considerations. The share repurchase plan has no expiration date, may be discontinued or suspended at any time and does not obligate the Company to acquire any amount of its common stock. The results of the program will be reflected in the Company's periodic filings with the Securities and Exchange Commission.