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Metropolitan Bank Holding Corp - MCB STOCK NEWS

Welcome to our dedicated news page for Metropolitan Bank Holding (Ticker: MCB), a resource for investors and traders seeking the latest updates and insights on Metropolitan Bank Holding.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Metropolitan Bank Holding's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Metropolitan Bank Holding's position in the market.

Rhea-AI Summary
Metropolitan Commercial Bank (MCB) selects AFSVision as their modern commercial lending platform, enhancing efficiency, client experience, and risk management. AFSVision's advanced features and integration capabilities align with MCB's digital transformation goals, promising growth and profitability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.02%
Tags
none
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Rhea-AI Summary
Metropolitan Commercial Bank (MCB) appoints Gregory Gaare as Senior Vice President and Chief Risk Officer, Theodore George Andreades as Senior Vice President and Bank Secrecy Act/Anti-Money Laundering Officer, and John M. McCaffery as Senior Vice President and Treasurer. The bank aims to enhance its risk management team with experienced professionals to navigate the regulatory landscape and drive growth. Gaare, Andreades, and McCaffery bring extensive expertise from reputable financial institutions to bolster MCB's position in the industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.09%
Tags
none
-
Rhea-AI Summary
Metropolitan Bank Holding Corp. (MCB) reported a stable financial performance in 2023, with total deposits increasing to $5.7 billion and net loans reaching $5.6 billion. The company achieved a net interest margin of 3.36% for the fourth quarter of 2023, with a return on average equity of 12.4% and return on average tangible common equity of 12.6%. Despite a challenging economic environment, MCB delivered responsible loan growth predominantly funded by core deposits. The company remains well-capitalized and is poised for business growth in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.17%
Tags
earnings
Rhea-AI Summary
Metropolitan Bank Holding Corp. (MCB) will release fourth quarter and full year 2023 financial results on January 18, 2024, and conduct a conference call on January 19, 2024, to discuss the results. The event will be accessible via telephone and live webcast, with a replay available later that day.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.7%
Tags
earnings
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Rhea-AI Summary
Metropolitan Bank Holding Corp. announces the appointment of Daniel F. Dougherty as Executive Vice President and Chief Financial Officer. He will oversee treasury, investor relations, tax, capital planning, accounting, and financial reporting. Mr. Dougherty has a 25-year banking career and holds a Bachelor of Arts degree in Economics and Business, a Master of Business Administration degree in Finance, and a Chartered Financial Analyst (CFA) charter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.15%
Tags
none
-
Rhea-AI Summary
Metropolitan Commercial Bank promotes April Feely and James M. Sozomenou as Co-Heads of EB-5 Private Client Group. They will provide banking services for stakeholders in the EB-5 Immigrant Investor Program.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.99%
Tags
none
Rhea-AI Summary
Metropolitan Bank Holding Corp. reports net income of $22.1 million for Q3 2023, demonstrating a disciplined approach to balance sheet management and stability in net interest income.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.1%
Tags
earnings
-
Rhea-AI Summary
Metropolitan Bank Holding Corp. resolves concerns with Federal Reserve and DFS over its relationship with a program manager processing government stimulus funds during the COVID-19 pandemic.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.1%
Tags
none
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Rhea-AI Summary
Metropolitan Commercial Bank announces partnership with Finzly to transform payment processing operations
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.66%
Tags
partnership
Rhea-AI Summary
Metropolitan Bank Holding Corp. will release its third quarter financial results on October 19, 2023, and discuss them in a conference call on October 20, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.5%
Tags
earnings
Metropolitan Bank Holding Corp

NYSE:MCB

MCB Rankings

MCB Stock Data

426.97M
9.73M
6.76%
81.87%
5.53%
Commercial Banking
Finance and Insurance
Link
United States
New York

About MCB

metropolitan commercial bank, the entrepreneurial bank, is headquartered in new york city and operates full-service banking centers in manhattan; boro park, brooklyn; and great neck, long island. we are a community-focused bank that provides a broad range of business, commercial and personal banking products and services to small businesses, middle-market enterprises, public entities and affluent individuals. in addition to our tradition of relationship-driven, one-on-one personalized service, metropolitan commercial bank offers multiple convenience delivery channels, including online banking, flexible mobile banking apps and no-fee access to over 1 million atms worldwide for our clients. the bank is also an active issuer of prepaid debit cards for an increasing number of third-party prepaid debit card programs. metropolitan commercial bank is a new york state chartered bank, an fdic member and an equal opportunity lender.