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. (NYSE: MCB) is the parent company of Metropolitan Commercial Bank, a New York City based full-service commercial bank. This news page aggregates company-issued updates and market-moving announcements related to MCB and its banking subsidiary, giving readers a single place to review the latest disclosures from the organization.
According to company communications, Metropolitan Commercial Bank provides business, commercial and personal banking products and services to individuals, small businesses, middle-market and corporate enterprises and institutions, municipalities, and local government entities. News about MCB often covers topics such as quarterly and full-year financial results, dividend declarations on the company’s common stock, and commentary from management on balance sheet trends, loan growth, deposit growth and credit quality.
Readers can expect regular updates on earnings releases and conference calls, which the company announces in advance through press releases and related SEC filings. These items typically include details on net interest income, net interest margin, non-interest income and expense, provisions for credit losses, and capital and liquidity metrics. The company also issues news when its board of directors declares quarterly cash dividends, providing record and payment dates for shareholders.
Beyond financial reporting, MCB’s news flow features information about technology initiatives and recognitions, such as the Bank’s Modern Banking in Motion digital program, its Office of Artificial Intelligence, and awards like Newsweek’s Best Regional Banks, the Piper Sandler Bank Sm-All Stars designation, WebAward recognition for its website, and ALTA Elite Provider status. Additional releases highlight community engagement, including support for organizations such as the Boro Park Jewish Community Council, and developments in specialized areas like SBA 7(a) lending and Title & Escrow Banking.
By following this page, investors, analysts and clients can review the company’s own descriptions of its performance, strategy, recognitions and community partnerships, as disclosed through official news releases.
Metropolitan Bank Holding Corp. (NYSE: MCB) will announce its first quarter financial results after market close on April 21, 2022. A conference call is scheduled for 9:00 a.m. ET on April 22, 2022, for discussion of the results. Interested parties can join via telephone or online through the company's investor relations website. The bank, based in New York City, provides a range of banking products and services, and is recognized as one of the fastest-growing companies by Fortune.
Metropolitan Bank Holding Corp. (NYSE: MCB) reported a strong financial performance for 2021, with net income increasing by 53.4% to $60.6 million, translating to $6.45 per diluted share. Total revenues rose 27.3% to $180.7 million, driven by a 94.3% increase in Banking-As-A-Service revenues. Loans reached $3.7 billion, up 19%, while deposits surged 68% to $6.4 billion. The tangible book value per share grew by 27.6% to $50.09. Additionally, the efficiency ratio improved to 48.3%, showcasing effective cost management.
Metropolitan Bank Holding Corp. (NYSE: MCB) will announce its fourth quarter and full year 2021 financial results on January 20, 2022, after market close. A conference call is scheduled for January 21, 2022, at 9:00 a.m. ET to discuss these results. Investors can access the call by dialing 866-342-8591 (US) or 203-518-9713 (International) with conference ID: MCBQ421. The call will also be streamed live online. Metropolitan Bank, based in New York City, offers various banking products and services and is recognized as one of the 100 Fastest-Growing Companies by Fortune.
Metropolitan Commercial Bank (NYSE: MCB) has partnered with Modern Treasury to enhance automated payment operations, streamlining the management of money movement. This integration allows clients to track transactions in real-time and reconcile cash across multiple accounts efficiently. Named a leader in digital payments, MCB aims to provide cutting-edge global payment solutions. The partnership promises increased visibility into payments and is expected to benefit entrepreneurial clients across the U.S.
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Metropolitan Bank Holding Corp. (NYSE: MCB) has appointed Chaya Pamula and Katrina Robinson to its Board of Directors, effective October 25, 2021. Pamula, a technologist and entrepreneur, and Robinson, a trust company CEO, bring significant industry expertise. These appointments aim to bolster the bank's strategic plan to enhance leadership and succession planning. Concurrently, David Gavrin, a founding director, will retire on December 31, 2021, after over 20 years of service. The board will expand to 12 members after these changes, reflecting the company’s commitment to growth and innovation.
Metropolitan Bank Holding Corp. (NYSE: MCB) reported strong third-quarter results, with net income reaching $16.2 million, or $1.77 per diluted share, a 50.4% increase year-over-year. Total revenues hit $46.7 million, up 29.8% from last year. Loans increased to $3.6 billion and deposits rose to $5.5 billion, reflecting respective increases of 20.5% and 54.7% year-over-year. The efficiency ratio improved to 49.7%, and capital raised reached $172.5 million. The bank remains well-capitalized and is positioned for future growth in the Global Payments sector.
Metropolitan Bank Holding Corp. (NYSE: MCB) has successfully completed its underwritten public offering of 2,300,000 shares at $75.00 per share, generating approximately $172.5 million in gross proceeds. The offering included 300,000 shares from an underwriter's option. The net proceeds will fund various corporate needs, including debt repayment, share repurchases, and investments in the Bank. J.P. Morgan and Keefe, Bruyette & Woods acted as joint book-running managers for the offering.
Metropolitan Bank Holding Corp. (NYSE: MCB) has announced a public offering of 2,000,000 shares at $75.00 each, potentially raising
Metropolitan Bank Holding Corp. (NYSE: MCB) announced an underwritten public offering of $150 million in common stock, with an option for underwriters to purchase up to an additional $22.5 million. The proceeds will be used for general corporate purposes, including debt repayment, share repurchases, and investments in the Bank. J.P. Morgan and Keefe, Bruyette & Woods are the joint book-running managers. A shelf registration statement has been filed with the SEC for this offering.
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