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Metropolitan Bank Holding (MCB)
NYSE:MCB
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Metropolitan Bank Holding
(NYSE:MCB)
79Outperform
Metropolitan Bank Holding (MCB) vs. S&P 500 (SPY)
Market Cap
$569.79M
Dividend YieldN/A
Average Volume (3M)131.05K
Price to Earnings (P/E)8.6
Beta (1Y)1.45
Revenue Growth14.53%
EPS Growth-2.85%
CountryUS
Employees291
SectorFinancial
Sector Strength83
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.88
Shares Outstanding11,225,125
10 Day Avg. Volume141,697
30 Day Avg. Volume131,054
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)2.29
Price to Cash Flow (P/CF)1.90
P/FCF Ratio1.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$75.50Price Target Upside24.08% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
Metropolitan Bank Holding Business Overview & Revenue Model
Company DescriptionMetropolitan Bank Holding Corp. (MCB) is a bank holding company headquartered in New York City, primarily operating through its wholly-owned subsidiary, Metropolitan Commercial Bank. The bank provides a range of financial services and products to small and mid-sized businesses, commercial real estate entities, and retail clients. It offers traditional banking services such as deposits, loans, and cash management services, focusing on delivering personalized banking solutions to its clientele.
How the Company Makes MoneyMetropolitan Bank Holding primarily generates revenue through net interest income, which is the difference between the interest earned on loans and the interest paid on deposits. The bank extends various loans, including commercial real estate loans, commercial and industrial loans, and consumer loans, which are significant contributors to its interest income. Additionally, MCB earns non-interest income from fees and service charges associated with its banking services, including transaction processing, account maintenance, and other ancillary financial services. The bank's strategic partnerships with fintech companies contribute to its earnings by expanding its payment processing capabilities and enhancing its service offerings.
Metropolitan Bank Holding Financial Statement Overview
Summary
Metropolitan Bank Holding exhibits strong financial health with impressive revenue and cash flow growth, alongside a robust balance sheet with no debt in 2024. The company has effectively managed its operations and maintained strong equity, although some attention to profit margins and investment cash flow may be prudent. Overall, the financial outlook is positive, with a stable growth trajectory.Income Statement
Metropolitan Bank Holding has demonstrated robust revenue growth over the years, with a significant increase in total revenue from 2023 to 2024. The gross profit margin remains high, indicating effective cost management. However, the net profit margin in 2024 is slightly lower compared to previous years, which may warrant attention despite the strong overall performance.85
Very Positive
Balance Sheet
The balance sheet is strong with no total debt reported in 2024, significantly improving the debt-to-equity ratio. The equity ratio is healthy, and return on equity remains robust, showcasing the company's strong financial stability and effective use of equity capital. The company has maintained a strong liquidity position.90
Very Positive
Cash Flow
Operating cash flow has improved significantly in 2024, indicating strong cash generation from core operations. Free cash flow shows healthy growth, supporting financial flexibility. However, the cash flow from investing activities remains negative, suggesting potential ongoing investments or asset purchases.80
Positive
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 468.38M | 238.46M | 255.75M | 180.70M | 141.92M | Gross Profit |
| 468.38M | 238.46M | 255.75M | 180.70M | 141.92M | EBIT |
| 447.06M | 106.92M | 128.48M | 89.57M | 57.92M | EBITDA |
| 0.00 | 109.52M | 99.40M | 91.97M | 60.46M | Net Income Common Stockholders |
| 66.69M | 77.27M | 59.42M | 60.55M | 39.47M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 495.16M | 20.84M | 703.16M | 2.93B | 1.13B | Total Assets |
| 7.30B | 7.07B | 6.27B | 7.12B | 4.33B | Total Debt |
| 457.44M | 613.63M | 257.73M | 57.17M | 61.62M | Net Debt |
| 257.17M | 344.17M | 307.00K | -2.30B | -802.68M | Total Liabilities |
| 6.57B | 6.41B | 5.69B | 6.56B | 3.99B | Stockholders Equity |
| 729.83M | 659.02M | 575.90M | 556.99M | 340.79M |
| Cash Flow | Free Cash Flow | |||
| 148.46M | 36.68M | 66.65M | 33.28M | 83.36M | Operating Cash Flow |
| 148.46M | 42.43M | 85.89M | 37.28M | 87.27M | Investing Cash Flow |
| -369.61M | -775.45M | -1.23B | -1.30B | -489.04M | Financing Cash Flow |
| 151.96M | 745.07M | -958.47M | 2.76B | 876.85M |
Metropolitan Bank Holding Technical Analysis
Positive
60.85
Price Trends
56.08
Positive
59.09
Positive
56.40
Positive
Market Momentum
0.94
Negative
67.22
Neutral
94.95
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MCB, the sentiment is Positive. The current price of 60.85 is above the 20-day moving average (MA) of 53.89, above the 50-day MA of 56.08, and above the 200-day MA of 56.40, indicating a bullish trend. The MACD of 0.94 indicates Negative momentum. The RSI at 67.22 is Neutral, neither overbought nor oversold. The STOCH value of 94.95 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MCB.
Metropolitan Bank Holding Risk Analysis
Metropolitan Bank Holding disclosed 36 risk factors in its most recent earnings report. Metropolitan Bank Holding reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Metropolitan Bank Holding Peers Comparison
Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $569.79M | 8.57 | 9.47% | ― | 14.53% | -2.85% | |
73 Outperform | $618.56M | 10.95 | 11.83% | 2.51% | 6.62% | 11.18% | |
73 Outperform | $594.42M | 11.56 | 10.52% | 1.71% | 17.53% | 19.94% | |
73 Outperform | $598.48M | 10.82 | 9.99% | 1.35% | 5.23% | -7.72% | |
70 Neutral | $640.85M | 14.47 | 6.06% | 4.32% | 9.68% | 90.70% | |
63 Neutral | $12.32B | 9.52 | 7.89% | 79.24% | 12.74% | -4.55% | |
57 Neutral | $587.84M | ― | -8.74% | 3.43% | -27.64% | -343.61% |
* Financial Sector Average
Performance Comparison
MCB
Metropolitan Bank Holding
60.85
20.39
50.40%
CCBG
Capital City Bank
36.27
9.92
37.65%
HBNC
Horizon Bancorp
14.56
3.54
32.12%
MOFG
Midwestone Financial Group
28.24
8.32
41.77%
SMBC
Southern Missouri Bancorp
52.71
12.56
31.28%
HTB
Hometrust Bancshares
34.10
8.68
34.15%
Metropolitan Bank Holding Earnings Call Summary
Earnings Call Date: Apr 21, 2025 | % Change Since: 9.60% | Next Earnings Date: Jul 17, 2025
Earnings Call Sentiment Neutral
The earnings call reflected strong growth in loans and deposits, continued margin expansion, and a successful share buyback program, indicating a positive business outlook. However, these were tempered by a decline in net income and earnings per share, elevated provision expenses, and increased non-interest expenses.Highlights
Impressive Loan and Deposit Growth
The bank grew loans by $308 million or 5.1% and deposits by $465 million or 7.8% in Q1 2025.
Continued Margin Expansion
Net Interest Margin (NIM) expanded by 2 basis points to 3.68%, marking the sixth consecutive quarter of margin expansion.
Share Buyback Program
The bank repurchased over 228,000 shares for $12.9 million, equating to more than 2% of outstanding shares at year-end 2024.
Strong Asset Quality and No Broad-Based Negative Trends
Asset quality remains strong with no broad-based negative trends in any loan segment or geography.
Technological Advancements
The bank's investment in new technology stack integration is on track to be completed by the end of 2025.
Lowlights
Decrease in Net Income and Earnings Per Share
Net income was $16.3 million, down $5 million from the prior period. Diluted EPS was $1.45, down $0.43 from the prior period.
Elevated Provision Expense
First quarter provision expense was $4.5 million, including a $1 million reserve for a $2 million unsecured line of credit.
Increased Non-Interest Expenses
Non-interest expense increased by $4.5 million versus the prior quarter, related to seasonal increases and professional fees.
Company Guidance
During the Metropolitan Commercial Bank's First Quarter 2025 Earnings Call, the company's senior executives highlighted impressive financial performance and provided guidance for the year. The bank achieved substantial growth in loans and deposits, with loans increasing by $308 million (5.1%) and deposits rising by $465 million (7.8%). The net interest margin (NIM) expanded slightly to 3.68%, marking the sixth consecutive quarter of margin growth. The company reported earnings per share of $1.45 and increased its tangible book value per share by over 2.3% to $65.80. The bank continued its share buyback program, acquiring over 228,000 shares for $12.9 million. Looking ahead, the bank plans for loan growth between 10-12%, with an expected full-year NIM of 3.7% to 3.75%. Operating expenses, including new technology investments, are projected to be around $45 million for the second quarter. The bank remains committed to maintaining strong asset quality and capitalizing on strategic growth opportunities.Metropolitan Bank Holding Corporate Events
Business Operations and StrategyFinancial Disclosures
Metropolitan Bank Reports Strong Q1 2025 Results
Positive
Apr 21, 2025
Metropolitan Bank Holding Corp. reported strong financial results for the first quarter of 2025, with total loans increasing by 10.9% and deposits by 3.4% compared to the previous year. Despite a decrease in net income from the previous quarter, the company maintained a stable asset quality and a robust capital position, indicating a positive outlook for continued growth and strategic initiatives.
Spark’s Take on MCB Stock
According to Spark, TipRanks’ AI Analyst, MCB is a Outperform.
Metropolitan Bank Holding’s strong financial performance, particularly its robust balance sheet and cash flow, is a significant strength. The earnings call also supports a positive outlook, despite some challenges. The technical analysis provides mixed signals, and the valuation suggests the stock may be undervalued, offering a potentially good entry point. Overall, the stock presents a solid investment opportunity with a stable outlook.
To see Spark’s full report on MCB stock, click here.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.