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Metropolitan Bank Holding (MCB)
NYSE:MCB
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Metropolitan Bank Holding
(NYSE:MCB)
Rating:79Outperform
Price Target:
$87.00
▲(13.99%Upside)
Metropolitan Bank Holding (MCB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$786.08M
Dividend YieldN/A
Average Volume (3M)94.28K
Price to Earnings (P/E)12.4
Beta (1Y)1.19
Revenue Growth14.53%
EPS Growth-2.85%
CountryUS
Employees291
SectorFinancial
Sector Strength75
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.76
Shares Outstanding10,660,109
10 Day Avg. Volume94,462
30 Day Avg. Volume94,280
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)0.99
Price to Sales (P/S)0.00
P/FCF Ratio5.47
Enterprise Value/Market Cap1.02
Enterprise Value/Revenue0.41
Enterprise Value/Gross Profit2.95
Enterprise Value/Ebitda2.30
Forecast
1Y Price Target
$75.50Price Target Upside-1.07% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering2
Metropolitan Bank Holding Business Overview & Revenue Model
Company DescriptionMetropolitan Bank Holding Corp. operates as the bank holding company for Metropolitan Commercial Bank that provides a range of business, commercial, and retail banking products and services to small businesses, middle-market enterprises, public entities, and individuals in the New York metropolitan area. The company offers checking, savings, term deposit, and money market accounts, as well as certificates of deposit. It also provides lending products, including commercial real estate, construction, multi-family, and one-to four-family real estate loans; commercial and industrial loans; consumer loans; acquisition and renovation loans; loans to refinance or return borrower equity; loans on owner-occupied properties; working capital lines of credit; trade finance and letters of credit; and term loans. In addition, the company offers cash management services, as well as online and mobile banking, ACH, remote deposit capture, and debit card services. It operates six banking centers in Manhattan, Brooklyn, Great Neck, and Long Island. Metropolitan Bank Holding Corp. was founded in 1999 and is headquartered in New York, New York.
How the Company Makes MoneyMetropolitan Bank Holding Corp. generates revenue primarily through the interest income from its loan portfolio and investment securities. The bank offers various loan products, such as commercial real estate loans, commercial and industrial loans, and consumer loans. Interest income from these loans constitutes a significant portion of the company's earnings. Additionally, MCB earns non-interest income through service charges, fees related to its deposit products, and other banking services. The company also benefits from partnerships with fintech companies and payment processors, which contribute to its fee income and broaden its revenue streams.
Metropolitan Bank Holding Earnings Call Summary
Earnings Call Date:Jul 17, 2025
(Q2-2025)
| % Change Since: 0.00%|
Next Earnings Date:Oct 16, 2025
Earnings Call Sentiment Positive
The earnings call revealed strong financial performance, with significant growth in loans, deposits, and net interest margin. The company also demonstrated robust earnings per share and book value growth, alongside successful share repurchase and dividend announcements. However, increased provision expenses and IT project costs were noted as challenges. Overall, the highlights significantly outweigh the lowlights, indicating a positive outlook.Q2-2025 Updates
Positive Updates
Loan and Deposit Growth
Outstanding loans increased by $271 million or 4.3%, and core deposits were up $342 million or 5.3%.
Net Interest Margin Expansion
Net interest margin (NIM) expanded by 15 basis points to 3.83%, marking the seventh consecutive quarter of margin expansion.
Earnings Per Share Increase
Reported earnings per share for the second quarter was $1.76, a 21% increase from the first quarter.
Book Value Growth
Tangible book value per share increased by more than 4% to $68.44, marking the tenth consecutive quarter of book value accretion.
Successful Share Repurchase Program
Completed a $50 million share repurchase program and announced a second $50 million program.
Dividend Announcement
Announced a dividend on common stock, the first in the company's history as a publicly traded company.
Strong Asset Quality
Excellent asset quality with no broad-based negative trends identified in any loan segment.
Revenue and Net Income Growth
Total revenue grew by 8% from $70.5 million to $76.2 million. Net income for the second quarter was $18.8 million, up more than 15% versus the prior period.
Negative Updates
Provision Expense Increase
Second quarter provision expense was $6.4 million, reflecting loan growth and adverse movements in forecasted macroeconomic factors.
Reserve for Non-Performing Loan
A $2.4 million reserve was posted for a single non-performing loan.
Non-Interest Income Decline
Second quarter non-interest income decreased by $1 million, primarily due to the absence of a one-time income recognition of $800,000 from the previous period.
Increase in IT Project Costs
A $1.4 million increase in one-time IT project costs, with further IT costs expected for the remainder of 2025.
Company Guidance
During Metropolitan Bank Holding Corp.'s second quarter 2025 earnings call, the company provided robust guidance indicating continued growth and stability. Key metrics highlighted include a 4.3% increase in outstanding loans, amounting to $271 million, and a 5.3% rise in core deposits, totaling $342 million. The net interest margin (NIM) expanded by 15 basis points to 3.83%, marking the seventh consecutive quarter of margin growth. The bank reported a second-quarter earnings per share of $1.76, a 21% increase from the previous quarter, and a 4% rise in tangible book value per share to $68.44. Net income for the quarter was $18.8 million, and total revenue grew by 8% to $76.2 million. The call also mentioned the completion of a $50 million share repurchase program and the announcement of a second $50 million buyback. Additionally, the bank declared its first-ever dividend on common stock. Despite economic uncertainties, the company remains optimistic about further balance sheet growth, supported by strong credit metrics and a diversified deposit funding model. The bank expects loan growth of over 12% for the year and anticipates further NIM expansion, projecting an annual NIM of approximately 3.80%.Metropolitan Bank Holding Financial Statement Overview
Summary
Metropolitan Bank Holding shows strong financial health with robust revenue growth and a solid balance sheet with no debt in 2024. Cash flow is strong, though attention is needed for profit margins and investment cash flow.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 | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 495.28M | 492.21M | 403.31M | 287.33M | 196.98M | 160.10M |
| Gross Profit | 270.56M | 270.66M | 238.46M | 245.63M | 176.88M | 132.44M |
| EBITDA | 88.87M | 85.67M | 114.06M | 106.61M | 94.63M | 62.52M |
| Net Income | 66.84M | 66.69M | 77.27M | 59.42M | 60.55M | 39.47M |
Balance Sheet | ||||||
| Total Assets | 7.62B | 7.30B | 7.07B | 6.27B | 7.12B | 4.33B |
| Cash, Cash Equivalents and Short-Term Investments | 253.41M | 267.16M | 269.46M | 257.42M | 2.93B | 1.13B |
| Total Debt | 302.40M | 457.44M | 546.59M | 257.73M | 57.17M | 61.62M |
| Total Liabilities | 6.88B | 6.57B | 6.41B | 5.69B | 6.56B | 3.99B |
| Stockholders Equity | 737.85M | 729.83M | 659.02M | 575.90M | 556.99M | 340.79M |
Cash Flow | ||||||
| Free Cash Flow | 126.52M | 145.83M | 36.68M | 66.65M | 33.28M | 83.36M |
| Operating Cash Flow | 131.23M | 148.46M | 42.43M | 85.89M | 37.28M | 87.27M |
| Investing Cash Flow | -559.52M | -369.61M | -775.45M | -1.23B | -1.30B | -489.04M |
| Financing Cash Flow | 90.35M | 151.96M | 745.07M | -958.47M | 2.76B | 876.85M |
Metropolitan Bank Holding Technical Analysis
Positive
76.32
Price Trends
67.74
Positive
61.96
Positive
61.19
Positive
Market Momentum
2.45
Negative
69.67
Neutral
47.20
Neutral
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 76.32 is above the 20-day moving average (MA) of 71.55, above the 50-day MA of 67.74, and above the 200-day MA of 61.19, indicating a bullish trend. The MACD of 2.45 indicates Negative momentum. The RSI at 69.67 is Neutral, neither overbought nor oversold. The STOCH value of 47.20 is Neutral, 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 (68)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $786.08M | 12.36 | 9.47% | ― | 14.53% | -2.85% | |
75 Outperform | $633.25M | 11.42 | 11.12% | 1.64% | 13.48% | 8.31% | |
75 Outperform | $665.09M | 12.02 | 9.96% | 1.25% | 5.23% | -8.00% | |
73 Outperform | $679.98M | 14.98 | 6.06% | 4.15% | 9.55% | 90.70% | |
71 Outperform | $700.62M | 12.35 | 11.83% | 2.34% | 8.13% | 11.18% | |
68 Neutral | $16.73B | 11.75 | 9.79% | 3.76% | 11.87% | -7.97% | |
49 Neutral | $615.77M | ― | -8.74% | 3.28% | -27.65% | -343.61% |
* Financial Sector Average
Performance Comparison
MCB
Metropolitan Bank Holding
76.32
20.42
36.53%
CCBG
Capital City Bank
41.59
10.31
32.96%
HBNC
Horizon Bancorp
15.88
1.80
12.78%
MOFG
Midwestone Financial Group
30.07
4.39
17.10%
SMBC
Southern Missouri Bancorp
56.86
9.24
19.40%
HTB
Hometrust Bancshares
39.05
5.53
16.50%
Metropolitan Bank Holding Corporate Events
Stock BuybackDividendsFinancial Disclosures
Metropolitan Bank Holding Announces First Cash Dividend
Positive
Jul 17, 2025
On July 17, 2025, Metropolitan Bank Holding Corp. announced its first cash dividend of $0.15 per share since its initial public offering in 2017, payable on August 11, 2025. The company also approved a new $50 million share repurchase plan, following the completion of a previous $50 million repurchase program in May 2025. These initiatives reflect the company’s robust financial performance, highlighted by a 21.4% increase in diluted earnings per share and a 15 basis point rise in net interest margin for the second quarter of 2025. The company’s strong balance sheet and capital position enable it to pursue strategic growth opportunities while returning capital to shareholders.
The most recent analyst rating on (MCB) stock is a Buy with a $48.00 price target. To see the full list of analyst forecasts on Metropolitan Bank Holding stock, see the MCB Stock Forecast page.
Executive/Board ChangesShareholder Meetings
Metropolitan Bank Holds Annual Stockholders Meeting
Neutral
May 30, 2025
On May 28, 2025, Metropolitan Bank Holding Corp. conducted its Annual Meeting of Stockholders, where approximately 92.18% of the outstanding shares were represented. During the meeting, all nominated directors were elected, while the proposal for executive compensation did not pass. The appointment of Crowe LLP as the independent auditor for 2025 was ratified, and an amendment to the 2022 Equity Incentive Plan was approved.
The most recent analyst rating on (MCB) stock is a Buy with a $70.00 price target. To see the full list of analyst forecasts on Metropolitan Bank Holding stock, see the MCB Stock Forecast page.
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.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.