Metropolitan Bank Stock Price, News & Analysis

Metropolitan Bank Holding Corp. (NYSE: MCB) has been recognized as a member of Piper Sandler's Sm-All Stars Class of 2024. This prestigious award highlights the bank's commitment to excellence and innovation. The list includes 30 companies that outperformed the industry across various metrics, including growth, profitability, credit, and capital.

To qualify for Sm-All Star status, companies needed a market cap below $2.5 billion and had to excel in areas such as EPS growth, loan growth, deposit growth, and ROAE. Additionally, they were required to report an NPA ratio below 0.75%, an NCO ratio under 25 bps over the last twelve months, and a TCE ratio at or above 7.0% as of June 30, 2024.

Mark R. DeFazio, Founder, President, and CEO of Metropolitan Commercial Bank, expressed pride in this recognition, stating it reaffirms their commitment to leading the industry with innovative banking solutions of the highest standards.

Metropolitan Commercial Bank (MCB) has launched a new and improved website at MCBankNY.com, focusing on enhancing user experience and accessibility for its clients and partners. The redesigned site features:

• Enhanced navigation with improved menu structures and user-friendly search capabilities
• Mobile optimization for smartphones and tablets
• Enhanced security measures and latest web browsing technologies
• A Resource Center with financial insights, articles, and tools
• Improved contact options for timely client support

The new website aims to provide seamless and convenient banking while maintaining MCB's commitment to personalized service, information security, and innovation.

Metropolitan Commercial Bank (NYSE: MCB) celebrated its 25th anniversary by ringing the Opening Bell at the New York Stock Exchange. This event marks a significant milestone in the bank's journey from a community bank to a diversified commercial bank with a national presence.

Founder, President, and CEO Mark R. DeFazio had the honor of ringing the bell, emphasizing the bank's commitment to innovation, growth, and client service. The ceremony was attended by MCB board members, staff, and their families, highlighting the bank's strong community ties.

As MCB looks to the future, it remains focused on its core principles while embracing new opportunities. The bank is poised for continued growth and success, aiming to further solidify its position as a leader in the commercial banking sector of the broader financial services industry.

Metropolitan Bank Holding Corp. (NYSE: MCB) reported strong Q2 2024 results with diluted earnings per share of $1.50, up 2.7% from Q1 2024. Key highlights include:

- Loans increased to $5.8 billion, up $119.7 million from Q1 2024
- Deposits at $6.2 billion, down $67.9 million from Q1 2024
- Net interest margin expanded to 3.44%, up 4 basis points from Q1 2024
- Return on average equity of 9.9%
- Non-performing loans declined to 0.53% from 0.91% in Q1 2024

The bank maintains strong liquidity with $3.4 billion in cash and available secured funding capacity, covering 228% of uninsured deposit balances. MCB remains well-capitalized with total risk-based capital ratios above regulatory minimums.

Metropolitan Bank Holding Corp. (NYSE: MCB), the holding company for Metropolitan Commercial Bank, announced it will release its second quarter 2024 financial results after market close on July 18, 2024. A conference call to discuss these results is scheduled for July 19, 2024, at 9:00 a.m. ET. The call can be accessed by dialing 800-267-6316 (US) or 203-518-9783 (INTL) with conference ID: MCBQ224. A live webcast of the call will also be available on the company's website.

Metropolitan Commercial Bank provides a broad range of banking products and services. It was named one of Newsweek’s Best Regional Banks and Credit Unions 2024 and ranked among the top ten successful loan producers for 2023 by the Independent Community Bankers of America. The bank holds a BBB+ investment grade deposit rating from Kroll.

Metropolitan Commercial Bank (MCB) celebrates its 25th anniversary, marking significant milestones since its founding in 1999. The New York City-based full-service commercial bank has achieved over 800% organic growth. Known for its commitment to excellence, innovation, risk management, and community engagement, MCB has served a diverse clientele with commercial lending, real estate, treasury management, and digital banking solutions. CEO Mark R. DeFazio attributes the bank's success to its dedicated team, stockholders, and regulatory partners. MCB also emphasizes corporate social responsibility and plans to host commemorative events throughout the year.