Metropolitan Bank Holding Corp. Achieves Net Income of $12.4 Million for Full Year 2017, Up 147% from $5.0 Million for 2016
Metropolitan Bank Holding Corp. (MCB)
NASDAQ:AMEX Investor Relations:
metropolitanbankny.com/about-us.aspx
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)-- Metropolitan Bank Holding Corp. (NYSE:MCB), the holding company (the “Company”) for Metropolitan Commercial Bank (the “Bank”), today reported net income of $3.3 million, or $0.49 per diluted common share, for the fourth quarter of 2017, compared to $49 thousand, or $0.01 per diluted common share, for the fourth quarter of 2016, and $3.8 million, or $0.82 per diluted common share, for the third quarter of 2017. For the year ended December 31, 2017, net income was $12.4 million, an increase of 147% from $5.0 million for the year ended December 31, 2016. Diluted earnings per common share for the year ended December 31, 2017 increased to $2.34, compared to $0.43 for the year ended December 31, 2016. The fourth quarter of 2016 net income included a charge-off of $5.1 million of the Bank’s taxi medallion loan portfolio, while fourth quarter 2017 net income included a write-d
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News
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- Compared to Estimates, Metropolitan Bank Holding (MCB) Q1 Earnings: A Look at Key Metrics [Yahoo! Finance]Yahoo! Finance
- Metropolitan Bank Holding Corp. (MCB) Surpasses Q1 Earnings and Revenue Estimates [Yahoo! Finance]Yahoo! Finance
MCB
Earnings
- 4/18/24 - Beat
MCB
Sec Filings
- 5/3/24 - Form 10-Q
- 4/22/24 - Form ARS
- 4/22/24 - Form DEF
- MCB's page on the SEC website