# Metro Bank profits jump as growing branch network brings ‘competitive advantage’

By Russ Mould — 2026-08-04

Russ Mould, investment director at AJ Bell, said: “Metro Bank may have delivered a record level of profitability in the first half but investors were of a mind to book profits as they seized on a dip in customer deposits and modest declines in capital and liquidity ratios.

“Under CEO Dan Frumkin the strategy has focused on bucking an industry trend for branch closures and shifting focus from low-margin consumer lending activities to specialist and commercial markets.

“These initiatives do appear to be bearing some fruit but the reaction to today’s update is a reminder that the Metro Bank may well be kept on a short leash by the market thanks to its less than stellar long-term showing as a public company.”

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