Metropolitan Bank Holding Corp. Reports Fourth Quarter and Full Year 2023 Results
Metropolitan Bank Holding Corp. (MCB)
NASDAQ:AMEX Investor Relations:
metropolitanbankny.com/about-us.aspx
Company Research
Source: Business Wire
Stable performance demonstrates MCB’s ability to execute on its business plan in a challenging economic environment Financial HighlightsTotal deposits at December 31, 2023 were $5.7 billion, an increase of $215.7 million from September 30, 2023 and an increase of $459.4 million from December 31, 2022.Net loans at December 31, 2023 were $5.6 billion, with strong growth of $270.3 million from September 30, 2023 and $784.3 million from December 31, 2022.Asset quality remains strong.Net interest margin for the fourth quarter of 2023 increased to 3.36% compared to 3.27% for the prior linked quarter. Full year 2023 net interest margin of 3.49%, consistent with prior year.Full year 2023 return on average equity of 12.4% and return on average tangible common equity1 of 12.6%.Liquidity remains strong. At December 31, 2023, cash on deposit with the Federal Reserve Bank of New York and available secured funding capacity totaled $3.1 billion, which was 196.3% of uninsured deposit balances.The Com
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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