IN BRIEF: Metro Bank shares rise as total assets climb on-quarter

Metro Bank Holdings PLC - London-based high-street bank - Reports that total assets stood at GBP16.56 billion in the first quarter of 2026, down 3.0% from GBP17.07 billion a year ago but up 0.5% from GBP16.48 billion at the end of 2025. Net loan to deposit ratio in the first quarter was 68%, higher than 61% a year ago and 66% at the end of 2025. Net loans and advances to customers fall 3.9% on-year to GBP13.28 billion from GBP13.82 billion, and are 1.2% lower than GBP13.45 billion at 2025-end.

Chief Executive Officer Daniel Frumkin says: "We have started the year well, building on the positive momentum that we carried into 2026 by delivering continued profit growth and increased lending in our key target areas against a dynamic market backdrop. As we successfully rotate our lending and reshape the balance sheet, we have an established and high-quality pipeline, and the lowest cost of deposits of any UK High Street bank. We are confident in reaffirming all guidance previously provided.

"Our commitment to relationship banking, our store network and the communities we operate in are positive differentiators, enabling us to win market share and increase lending. We look ahead with confidence and remain focused on delivering for our colleagues, customers, shareholders and supporting UK growth."

Current stock price: 148.07 pence each, up 6.8% on Thursday afternoon in London

12-month change: up 47%

By Tom Budszus, Alliance News slot editor

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Metro Bank