Metropolitan Bank’s $100 Million Buyback Plan Offers Limited, Uncertain Support for Shareholders

Metropolitan Bank Holding Corp. (MCB) has announced a new $100 million share repurchase authorization. However, this buyback plan offers only conditional and uncertain support for shareholders as the board can amend or suspend it at its discretion. This uncertainty may limit shareholders’ ability to sell shares at preferred prices, and there’s no guarantee it will enhance long-term value, despite an average analyst price target suggesting a modest upside.