Welcome to our dedicated page for Metropolitan Bank news (Ticker: MCB), a resource for investors and traders seeking the latest updates and insights on Metropolitan Bank stock.
Metropolitan Bank (MCB) provides commercial, business, and personal banking services with a focus on New York's dynamic financial landscape. This news hub offers investors and stakeholders centralized access to all official announcements and market developments.
Track critical updates including earnings reports, regulatory filings, leadership changes, and product launches. Our curated feed ensures you stay informed about MCB's digital transformation initiatives, lending innovations, and community banking strategies.
Discover timely information on interest rate impacts, FDIC-insured deposit products, and commercial real estate financing trends. Bookmark this page for efficient monitoring of MCB's financial performance and strategic positioning within the competitive Northeast banking sector.
Metropolitan Commercial Bank (MCB) has achieved Great Place To Work® certification, highlighting its commitment to fostering an exceptional workplace culture. Under the leadership of Founder, President and CEO Mark R. DeFazio, the Bank has created an environment focused on entrepreneurial spirit and collaboration.
The certification process revealed that 93% of employees consider MCB a great place to work, with strong teamwork, transparent communication, and shared purpose being key highlights. This recognition from Great Place To Work®, a global authority on workplace culture, validates MCB's efforts in creating a supportive and growth-driven environment for its employees.
Metropolitan Bank Holding Corp. (NYSE: MCB) reported strong Q2 2025 results with diluted EPS of $1.76, up 21.4% from Q1 2025. Net interest margin expanded to 3.83%, increasing 15 basis points quarter-over-quarter. The bank demonstrated robust growth with total loans reaching $6.6 billion (up 13.3% YoY) and deposits hitting $6.8 billion (up 10.1% YoY).
Notable developments include the company's first-ever quarterly dividend of $0.15 per share and completion of a $50 million share repurchase program. The board approved an additional $50 million share repurchase authorization. Asset quality remained stable with non-performing loans at 0.60%, while maintaining strong liquidity with $2.9 billion in available funding representing 178% of uninsured deposits.
Metropolitan Bank Holding Corp. (NYSE: MCB) has announced two significant shareholder-friendly initiatives. The company declared its first-ever quarterly cash dividend of $0.15 per share since its 2017 IPO, payable on August 11, 2025, to shareholders of record as of July 28, 2025.
Additionally, MCB's board approved a new $50 million share repurchase program, following the full utilization of its previous March 2025 buyback program. The new program has no expiration date and will be executed through open market purchases or other means, including under Rule 10b5-1.
These initiatives demonstrate MCB's strong financial position and commitment to shareholder returns. The bank has received notable recognition, including being named among Newsweek's Best Regional Banks in 2024 and 2025, and maintaining a BBB+ investment-grade deposit rating from Kroll.
Metropolitan Commercial Bank (NYSE:MCB) has announced a significant community investment by donating a 10-year rent-free lease to the Boro Park Jewish Community Council (BPJCC) at 5102 13th Avenue in Brooklyn. The donated space, adjacent to MCB's Boro Park Banking Center, will serve as BPJCC's headquarters.
The donation follows MCB's 'Committed to Boro Park' campaign launched in November 2023. BPJCC will use the space to expand its essential community services, including benefits enrollment, workforce initiatives, senior services, Holocaust survivor support, housing assistance, and food security programs.
Metropolitan Bank Holding Corp. (NYSE: MCB) has scheduled its second quarter 2025 earnings release for Thursday, July 17, 2025, after market close. The company will host a conference call to discuss the results on Friday, July 18, 2025, at 9:00 a.m. ET.
The announcement highlights MCB's recent achievements, including being named one of Newsweek's Best Regional Banks in 2024 and 2025, ranking among ICBA's top ten successful loan producers for 2024, maintaining a BBB+ investment grade deposit rating from Kroll, and earning a spot in the Piper Sandler Bank Sm-All Stars Class of 2024.
Metropolitan Commercial Bank (MCB) has been named a finalist for the Payment Solution of the Year: North America category at the SBC Summit Americas. The prestigious summit brings together 10,000 industry professionals and hosts 400+ exhibitors from North, South, and Central American casino, sports betting, and digital media sectors.
Mark R. DeFazio, Founder, President and CEO at MCB, expressed honor in the recognition, emphasizing the bank's commitment to developing reliable cutting-edge solutions for clients and partners. The nomination highlights MCB's steady growth and dedication to digital innovation in delivering banking solutions.
Metropolitan Bank Holding Corp (MCB) has announced plans to initiate a quarterly cash dividend on its common stock, potentially starting in the third quarter of 2025, subject to board approval. This initiative, combined with the company's recently launched stock repurchase program, demonstrates MCB's commitment to shareholder returns.
President and CEO Mark R. DeFazio emphasized that the capital plan reflects MCB's strong financial position and consistent capital accumulation. The specific dividend details, including size, record date, and payment date, will be announced upon board approval. The implementation of dividends remains subject to various factors, including the company's capital position and market conditions.
Metropolitan Bank Holding Corp. (NYSE: MCB) reported strong Q1 2025 financial results with net income of $16.4 million, or $1.45 per diluted share. Total loans reached $6.3 billion, increasing 5.1% from Q4 2024 and 10.9% year-over-year. Total deposits grew to $6.4 billion, up 7.8% from previous quarter.
The bank's net interest margin improved to 3.68%, marking the sixth consecutive quarter of growth. Asset quality remained stable with non-performing loans ratio at 0.54%. The company repurchased $12.9 million of common stock, approximately 2% of outstanding shares. Liquidity position remains strong with $2.9 billion in cash and available secured funding capacity, representing 179% of estimated uninsured deposits.
Both the Company and Bank maintain 'well capitalized' status, with total risk-based capital ratios of 12.8% and 12.1% respectively.
Metropolitan Bank Holding Corp. (NYSE: MCB) has announced it will release its first quarter 2025 financial results after market close on Monday, April 21, 2025. The company will host a conference call to discuss the results on Tuesday, April 22, 2025, at 9:00 a.m. ET.
Recent achievements highlighted in the PR include:
- Named among Newsweek's Best Regional Banks in 2024 and 2025
- Ranked in top ten successful loan producers for 2024 by ICBA for commercial banks with >$1B in assets
- Received BBB+ investment grade deposit rating from Kroll on January 29, 2025
- Earned placement in Piper Sandler Bank Sm-All Stars Class of 2024
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