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 Holding Corp. reports news as the holding company for Metropolitan Commercial Bank, a New York City-based full-service commercial bank. Updates focus on commercial, business and personal banking for individuals, small businesses, middle-market enterprises, institutions, municipalities and local government entities, with recurring coverage of lending, deposits, treasury management and client verticals such as real estate, property management, legal services, healthcare, government banking and EB-5 financial solutions.
Company announcements also cover quarterly financial results, capital ratios, common stock dividends, completed equity financing activity, banking-center and regional platform expansion, specialty lending and underwriting roles, investor presentations, and community banking initiatives.
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
Metropolitan Bank Holding Corp (NYSE: MCB) has announced a significant $50 million stock repurchase program authorized by its board of directors. The strategic initiative aims to demonstrate the company's commitment to delivering total return to investors and reflects confidence in its long-term growth trajectory.
President and CEO Mark R. DeFazio emphasized the strength of the company's balance sheet and the team's energy and focus in early 2023. The repurchase program will be executed through open market purchases or other means, partially under a Rule 10b5-1 plan, in compliance with securities laws.
The program has no expiration date and can be discontinued at any time. The timing and number of shares to be repurchased will depend on various factors including market conditions, share price, and regulatory requirements.
Metropolitan Bank Holding Corp. (NYSE: MCB) reported strong Q4 2024 results with net income of $21.4 million, or $1.88 per diluted share, compared to $12.3 million ($1.08/share) in Q3 2024 and $14.6 million ($1.28/share) in Q4 2023.
Key highlights include: Net interest margin increased to 3.66% in Q4 2024, up from 3.62% in Q3 2024; Total loans reached $6.0 billion, up 7.3% year-over-year; Total deposits also hit $6.0 billion, increasing 4.3% from December 2023. The bank successfully completed its BaaS business wind down, maintaining stable asset quality with non-performing loans ratio at 0.54%.
The company maintains strong liquidity with $2.9 billion in cash and available secured funding capacity, representing 192% of estimated uninsured deposits. Both the Company and Bank remain 'well capitalized' with total risk-based capital ratios of 13.3% and 13.0% respectively.