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UK retail and SME challenger bank known for customer-service-focused, extended-hours branch 'stores'.
UK retail and SME challenger bank known for customer-service-focused, extended-hours branch 'stores'.
Earns mostly from interest on mortgages and loans funded by the deposits its stores gather, with fees on accounts and cards a smaller part. A 2023 rescue, a share issue and debt refinancing led by Colombian investor Jaime Gilinski Bacal, who became its largest shareholder, reset the business after a 2019 accounting error.
In one line: A UK challenger bank akin to a retail-focused Commerce Bancorp.
Moat: none (brand). Distinctive branch/service model, but limited scale versus incumbent UK banks.
Headquarters: London, UK · Founded: 2010
Size Metro Bank (MTRO.L) is a United Kingdom Financials company (Finance/Rental/Leasing) with a market value of $1.63B, the 182nd largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £179.40 on 6 Nov 2026.
Performance Over six months the shares gained 21.5%, against -7.4% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 0.8% over the last twelve months (peer median +8.6%); the operating margin is 17.1% (peer median 14.6%).
Valuation It trades at 0.94× book value against a peer median of 1.54× (5th cheapest of 21).
Price implies The share price implies a return on equity of about 12.1%; Metro Bank delivers 4.3%, so the price asks more than the business earns today.
Credit Metro Bank has 3 bonds outstanding ($1.23B), rated B- by the agencies.
Next results Next results expected around 17 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | £851M | £856M | £964M | £995M | £684M |
| Revenue growth | — | -11% | -3% | +45% | — |
| Net income | £53.7M | £52.4M | £42.5M | £29.5M | -£72.7M |
| Free cash flow | £258M | -£1.13B | -£1.43B | £616M | -£1.21B |
| Capital expenditure | £86.0M | £82.0M | £60.0M | £38.0M | £53.0M |
| Total debt | n/a | £1.58B | £1.67B | £5.17B | £4.86B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Metro Bank MTRO.L | $1.63B | +22% | +1% | 4% | 0.94× | 12.1% |
| Lloyds Banking LLOY.L | $73.7B | +2% | -2% | 14% | 1.37× | 17.2% |
| NatWest NWG.L | $62.3B | +4% | +3% | 16% | 1.21× | 15.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | MTRO.L | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +14.1% | -1.6% | 4th highest of 21 |
| 6-month return | +21.5% | -7.4% | 4th highest of 21 |
| Return on equity | 4.3% | 9.9% | 5th lowest of 21 |
| Price / book | 0.94× | 1.54× | 5th cheapest of 21 |
| Trailing P/E | 22.8× | 14.0× | 4th most expensive of 19 |
| ROE the price implies | 12.1% | 14.1% | 9th least demanding of 21 |
| ROE delivered | 4.3% | 12.2% | 3rd lowest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Metro Bank MTRO.L | United Kingdom | $1.63B | +22% | +1% | 4% | 0.94× | 12.1% | 4.3% |
| Sammaan Capital SAMMAANCAP.NS | India | $1.61B | -13% | -60% | -35% | 0.80× | 14.2% | n/a |
| Greatoo Intelligent Equipment 002031.SZ | China | $1.68B | -11% | -20% | -13% | 6.07× | 54.9% | -13.5% |
| LOTTE rental 089860.KS | South Korea | $1.56B | +74% | +4% | 8% | 1.34× | 6.3% | 7.7% |
| Zip ZIP.AX | Australia | $1.74B | -17% | +24% | 17% | 3.74× | 66.6% | 16.8% |
| IFCI IFCI.NS | India | $1.75B | -4% | -3% | 2% | 1.85× | 36.2% | n/a |
| EZCORP EZPW | United States | $1.75B | -15% | +29% | 15% | 1.51× | 11.5% | 14.7% |
| PROG PRG | United States | $1.47B | +4% | +10% | 17% | 1.82× | 23.0% | 17.3% |
| CreditAccess Grameen CREDITACC.NS | India | $1.84B | -27% | +17% | 20% | 1.95× | 20.5% | 19.7% |
| Upbound UPBD | United States | $1.41B | +29% | +3% | 16% | 1.88× | 23.5% | 15.5% |
| Zigup ZIG.L | United Kingdom | $1.41B | +14% | +3% | 7% | 0.96× | 12.8% | 7.1% |
| Duskin 4665.T | Japan | $1.40B | +20% | +3% | 7% | 1.43× | 5.4% | 6.7% |
| Federal Agricultural Mortgage AGM | United States | $1.90B | 0% | +31% | 13% | 1.56× | 14.0% | 13.5% |
| Atlanticus ATLC | United States | $1.38B | +8% | +84% | 23% | 1.97× | 24.5% | 22.9% |
| Haitong Unitrust International Financial Leasing 1905.HK | Hong Kong | $1.38B | +57% | -20% | 6% | 0.52× | 4.2% | 6.5% |
| AEON Financial Service 8570.T | Japan | $1.95B | -9% | +8% | 5% | 0.67× | 5.2% | 4.9% |
| Zhejiang Haikong Nanke Huatie Digital Technology 603300.SS | China | $1.34B | -31% | +12% | 5% | 1.29× | 9.8% | 5.3% |
| Walker & Dunlop WD | United States | $1.34B | -28% | +9% | 2% | 0.76× | 10.0% | 2.2% |
| Five-Star Business Finance FIVESTAR.NS | India | $1.33B | -10% | +9% | 15% | 1.59× | 22.3% | 15.2% |
| Aadhar Housing Finance AADHARHFC.NS | India | $1.99B | -14% | +18% | 16% | 2.48× | 31.1% | n/a |
| Taiwan Acceptance 9941.TW | Taiwan | $1.31B | -6% | -3% | 12% | 1.10× | 3.8% | 12.2% |
Metro Bank has 3 bonds outstanding with $1.23B face value. The agencies rate it B-.