Metro Bank Holdings PLC: Third Quarter 2026 Trading Update

Summary by AI BETAClose X

Metro Bank reports strong Q3 2026 trading: target lending up 37% year-on-year to £6,619m, gross loans up 5% to £9,425m and net loans £9,294m (+5%); run-off loans down 32% to £2,806m; total assets £16,674m (+3% YoY) and customer deposits £13,028m (-1%); net loan-to-deposit ratio 71% (up 4ppt). Structural NIM expanded 42bps YoY to 3.45% (exit NIM) with management citing further NIM and RoTE expansion from maturing fixed-rate treasury assets; allowance for impairment reduced 23% to £131m and arrears remain low. Guidance reaffirmed: RoTE >13% in Q4 2026, >15% in 2027 and >18% in 2028. Cost of deposits claimed lowest among UK High Street banks.

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