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 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.
FAQ
What is the current stock price of Metropolitan Bank (MCB)?
What is the market cap of Metropolitan Bank (MCB)?
