Metropolitan Bank Holding Corp 2025年度报告

☒ANNUAL REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACTOF 1934 For the fiscalyear ended December31,2025or ☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGEACT OF 1934 Commission file number:001-38282 METROPOLITAN BANK HOLDING CORP.(Exact name of registrant as specified in its charter) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities Act. YES⌧NO◻ Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section15(d)of the Act. YES◻NO⌧ Indicate by check mark whether the Registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the Securities Exchange Act of1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to suchfiling requirements for the past 90days. YES⌧NO◻ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405of RegulationS-T during the preceding 12months (or for such shorter period that the Registrant was required to submit such files). YES⌧NO◻ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company oran emerging growth company. See definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company”, and “emerging growthcompany” in Rule12b-2 of the Exchange Act. (Check one): If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section7(a)(2)(B)of the Securities Act.☐ Indicate by check mark whether the Registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internalcontrol over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm thatprepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included inthe filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensationreceived by any of the registrant’s executive officers during the relevant recovery period pursuant to § 240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Act). YES☐NO☒ The aggregate market value of the voting and non-voting common equity held by non-affiliates of the Registrant on June 30, 2025, as reported bythe New York Stock Exchange, was approximately $695.4 million. As of February 13, 2026, there were issued and outstanding 10,116,117 shares of the Registrant’s Common Stock. DOCUMENTS INCORPORATED BY REFERENCE Portions of the Registrant’s definitive proxy statement relating to its 2026 Annual Meeting of Stockholders are incorporated by reference into Part IIIof this Annual Report on Form 10-K where indicated. TABLE OF CONTENTS GLOSSARY OF COMMON TERMS AND ACRONYMS2NOTE ABOUT FORWARD-LOOKING STATEMENTS3PARTIItem1.Business5Item1A.Risk Factors24Item1B.Unresolved Staff Comments38Item 1C.Cybersecurity38Item2.Properties41Item3.Legal Proceedings42Item4.Mine Safety Disclosures42PARTIIItem5.Market for Registrant’s Common Equity, Related Stockholder Matters and IssuerPurchases ofEquity Securities43Item6.[Reserved]45Item7.Management’s Discussion and Analysis of Financial Condition and Results ofOperations45Item7A.Quantitative and Qualitative Disclosures about Market Risk58Item8.Financial Statements and Supplementary Data60Item9.Changes in and Disagreements with Accountants on Accounting and FinancialDisclosure61Item9A.Controls and Procedures61Item9B.Other Information62Item9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections62PARTIIIItem10.Directors, Executive Officers and Corporate Governance63Item11.Executive Compensation63Item12.Security Ownership of Certain Beneficial Owners and Management and RelatedStockholderMatters63Item13.Certain Relationships and Related Transactions, and Director Independence63Item14.Principal Accountant Fees and Services63PARTIVItem15.Exhibits and Financial Statement Schedules64Item16.Form 10-K Summary66SIGNATURES67 GLOSSARY OF COMMON TERMS AND ACRONYMS NOTE ABOUT FORWARD-LOOKING STATEMENTS ThisAnnualReport on Form 10-K may contain certain “forward-looking statements” within the meaningof the Private Securities Litigation Reform Act of 1995, which may be identified by the use of such wordsas“may,”“believe,”“expect,”“anticipate,”“consider,”“should,”“plan,”“estimate,”“predict,”“continue