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Metropolitan Bank Holding ( (MCB) ) has shared an update.
Metropolitan Bank Holding Corp. reported strong financial performance for the fourth quarter and full year of 2024, achieving a net interest margin of 3.66% and an increase in total loans and deposits compared to previous periods. The company successfully exited its 22-year-old Banking as a Service (BaaS) business and advanced its digital transformation initiative, setting the stage for enhanced performance in 2025 with strategic growth initiatives and maintaining a solid capital position. The company remains well-capitalized with strong liquidity, highlighting its strategic execution in a dynamic market environment.
More about Metropolitan Bank Holding
Metropolitan Bank Holding Corp., operating through its subsidiary Metropolitan Commercial Bank, is a financial services firm focused on commercial banking. It offers a range of products and services including loans and deposits, with a significant focus on expanding its presence in New York and other markets across the United States.
YTD Price Performance: 5.61%
Average Trading Volume: 80,226
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $687M
See more insights into MCB stock on TipRanks’ Stock Analysis page.
