Metropolitan Bank reports Q1 net interest margin 3.68% vs. 3.40% last year

The company states: “Credit quality remains stable. The ratio of non-performing loans to total loans was 0.54% at March 31, 2025 and 0.54% at December 31, 2024 and 0.91% at March 31, 2024. The allowance for credit losses was $67.8 million at March 31, 2025, an increase of $4.5 million from December 31, 2024 and an increase of $9.3 million from March 31, 2024. The increase from the prior linked quarter was due primarily to loan growth.”