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Stock impact report

Metropolitan Bank Holding Corp. Reports Sustained Growth in Earnings Diluted EPS of $0.93 for the Fourth Quarter

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. (the “Company”) (NYSE: MCB), the holding company for Metropolitan Commercial Bank (the “Bank”), today reported net income of $7.9 million, or $0.93 per diluted common share, for the fourth quarter of 2019, as compared to $6.3 million, or $0.75 per diluted common share, for the fourth quarter of 2018.For the year ended December 31, 2019, the Company reported net income of $30.1 million, or $3.56 per diluted common share, compared to $25.6 million, or $3.06 per diluted common share, for the year ended December 31, 2018.Financial Highlights for the fourth quarter of 2019 include:Total assets increased $1.18 billion, or 54.1%, to $3.36 billion at December 31, 2019, as compared to $2.18 billion at December 31, 2018, and increased $113.9 million, or 3.5%, as compared to $3.24 billion at September 30, 2019.Total loans increased 43.2%, or $807.7 million, to $2.67 billion at December 31, 2019, as compared to $1.87 billion at Decemb Show less Read more
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