Metropolitan Bank Stock Price, News & Analysis

Metropolitan Bank Holding Corp. (NYSE: MCB) will announce its fourth quarter and full year 2022 financial results on January 19, 2023, after market close. A conference call is scheduled for 9:00 a.m. ET on January 20, 2023, to discuss these results. Investors can join the call by dialing 800-245-3047 (US) or 203-518-9765 (International) and using conference ID: MCBQ422. The call will also be available via live webcast, with a replay accessible later that day.

The Mayor of New York City, Eric Adams, has declared November 17, 2022, as 'Metropolitan Commercial Bank Day.' This recognition honors MCB's contributions over 23 years in improving access to essential resources for low-income individuals, minorities, and immigrants. The bank remained operational during the COVID-19 pandemic, offering crucial services. CEO Mark R. DeFazio expressed gratitude towards the bank's employees for their dedication. MCB is recognized as one of the fastest-growing companies and has a strong presence in various financial sectors.

Metropolitan Bank Holding Corp. (NYSE: MCB) reported a 48.1% year-over-year increase in revenues, reaching $69.1 million for Q3 2022. Net income surged 53.9% to $25 million, with diluted earnings per share at $2.23. Loans rose 28.1% year-over-year, totaling $4.6 billion, while deposits increased by 5% to $5.7 billion. The net interest margin improved to 3.85%, up 115 basis points. Despite challenges in the economic outlook, CEO Mark DeFazio expressed confidence in MCB's performance and operational efficiency.

Metropolitan Bank Holding Corp. (NYSE: MCB) has announced it will release its third quarter financial results on October 20, 2022, after market close. A conference call to discuss these results is scheduled for 9:00 a.m. ET on October 21, 2022. Interested parties can access the call by dialing 800-245-3047 (US) or 785-424-1699 (INTL) with conference ID: MCBQ322. The call will also be streamed live online, with a replay available later on the same day.

Metropolitan Bank Holding Corp. (NYSE: MCB) reported a robust performance for Q2 2022 with net income rising to $23.2 million ($2.07 per diluted share), up 73.9% year-over-year. Total revenues increased 44.4% to $62.3 million, driven by a 26.8% growth in loans, totaling $4.4 billion. The bank's net interest margin improved to 3.27%, reflecting higher yields from loans and securities. Deposits also grew 16.8% to $6.2 billion. Despite increases in non-interest expenses, asset quality remained strong with no charge-offs reported.

Global Primex has launched its new digital payments platform, VLoad, in collaboration with Metropolitan Commercial Bank (NYSE: MCB). This innovative payment solution emphasizes privacy and security, benefiting merchants by improving revenue through enhanced fraud prevention and dispute management. Targeting industries like online gaming and subscription services, VLoad connects verified consumers with merchants to minimize fraud risks. The platform is accessible via multiple payment methods, presenting a promising advancement in secure digital transactions.

Metropolitan Bank Holding Corp. (NYSE: MCB) will release its second quarter financial results on July 21, 2022, after market close. A conference call to discuss these results is scheduled for 9:00 a.m. ET on July 22, 2022. Interested parties can access the call by dialing 866-518-6930 (US) or 203-518-9797 (International) and providing conference ID: MCBQ222. The call will also be streamed live online. Metropolitan Bank offers various banking services and is recognized among the fastest-growing companies by Fortune.

Metropolitan Commercial Bank (NYSE: MCB) has appointed Jean-Philippe Gerbi as Senior Vice President and Chief Digital Officer. With over 20 years of experience in digital business transformation, Mr. Gerbi will enhance the Bank’s digital platforms and payment solutions, reporting to COO Dixiana Berrios. His previous role was at Crédit Agricole CIB as CIO and Business Digital Officer. The CEO Mark DeFazio emphasized that Mr. Gerbi's expertise will be vital in advancing the Bank's mission to serve clients and enhance shareholder value.

Metropolitan Bank Holding Corp. (NYSE: MCB) reported strong financial results for Q1 2022, with revenues of $54.1 million, up 38.6% year-over-year. Net income rose to $19.0 million ($1.69 per share), reflecting a 57% increase compared to the prior year. Loans increased by 27.3% year-over-year, reaching $4.1 billion, while total deposits also grew by 34.2% to $5.9 billion. Notably, non-performing loans decreased to 0.00%. The Bank’s efficiency ratio improved to 45.5%, signaling effective cost management. A conference call will be held on April 22, 2022, to discuss these results further.