Metro Bank Reports Q3 Lending Growth and 42-Basis-Point NIM Expansion
Target lending segments grew 37% year on year. Net interest margin expanded 42 basis points year on year to 3.45%, reaching the bank’s full-year guidance range. Deposits were £13.0 billion, the net loan-to-deposit ratio was 71%, and management reaffirmed existing guidance.
Metro Bank's Q3 2026 trading update highlights a 37% year-on-year growth in target lending segments, including corporate, commercial, SME, and specialist mortgage lending. The bank reported structural net interest margin (NIM) expansion of 42 basis points year-on-year to 3.45%, reaching its full-year guidance range. Total customer deposits stood at £13.0 billion, and the bank maintained a net loan-to-deposit ratio of 71%. Management reaffirmed all existing guidance for the remainder of the year, citing strong underlying momentum and operating leverage.