Metropolitan Bank Holding Corp. Reports First Quarter 2024 Results [Yahoo! Finance]
Metropolitan Bank Holding Corp. (MCB)
NASDAQ:AMEX Investor Relations:
metropolitanbankny.com/about-us.aspx
Company Research
Source: Yahoo! Finance
Financial Highlights Total deposits at March 31, 2024 were $6.2 billion, an increase of $500.3 million from December 31, 2023 and an increase of $1.1 billion from March 31, 2023. Net interest margin expanded 4 basis points to 3.40% for the first quarter of 2024 compared to 3.36% for the fourth quarter of 2023. Loans at March 31, 2024 were $5.7 billion, an increase of $94.4 million from December 31, 2023 and $867.5 million from March 31, 2023. Diluted earnings per share of $1.46 for the first quarter of 2024, an increase of 14.1% compared to the fourth quarter of 2023, inclusive of $4.9 million of expenses in the first quarter of 2024 related to the Global Payments Group ("GPG") wind down, regulatory remediation, and the core banking digital transformation. Return on average equity of 9.8% and return on average tangible common equity of 9.9% for the first quarter of 2024. Asset quality continues to be stable and a source of strength. Liquidity remains strong. At March 31
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MCB
News
- Metropolitan Bank Holding First Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Metropolitan Bank Holding Corp. (NYSE:MCB) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Why Metropolitan Bank Holding Corp. Stock Is Up Big Today [Yahoo! Finance]Yahoo! Finance
- 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
- 4/22/24 - Form ARS
- 4/22/24 - Form DEF
- 4/18/24 - Form 8-K
- MCB's page on the SEC website