Metropolitan Bank Holding Corp. ( (MCB) ) has released its Q4 earnings. Here is a breakdown of the information Metropolitan Bank Holding Corp. presented to its investors.
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Metropolitan Bank Holding Corp. operates as the parent company of Metropolitan Commercial Bank, a full-service commercial bank based in New York City that provides a variety of banking products and services to individuals, businesses, and institutions.
Metropolitan Bank Holding Corp. reported strong financial results for the fourth quarter and full year 2024, driven by successful strategic initiatives and solid financial performance. The company demonstrated growth in key areas such as net interest margin, loans, and deposits.
The bank’s net interest margin increased to 3.66% in the fourth quarter, with total loans and deposits both reaching $6.0 billion. Diluted earnings per share saw a significant rise to $1.88, compared to $1.08 in the previous quarter. The company reported a net income of $21.4 million for Q4 2024, reflecting a robust year-over-year growth. Additionally, Metropolitan Bank successfully exited its BaaS business and is advancing its digital transformation initiative.
Asset quality remained stable with a non-performing loans ratio of 0.54% and liquidity strong, with cash and secured funding capacity totaling $2.9 billion. The company’s capital ratios are well above regulatory minimums, indicating a solid financial position.
Looking ahead, Metropolitan Bank Holding Corp. is optimistic about further enhancing its performance in 2025, supported by a favorable economic outlook and continued strategic initiatives to strengthen its market position.
