Metropolitan Bank Hld

Metropolitan Bank Holding Corp. engages in the provision of banking solutions through its subsidiary, the Metropolitan Commercial Bank. It provides a range of business, commercial and retail banking products and services to small businesses, middle-market enterprises, public entities, and affluent individuals. The company was founded on November 24, 1997 and is headquartered in New York, NY.

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Metropolitan Bank Hld (MCB) achieves record earnings amidst industry challenges

Metropolitan Bank Hld (MCB) delivered exceptional financial results in 2022, marked by record net income and improved efficiency ratios.
Despite challenges, MCB's strategic decisions, operational strengths, and effective risk management underscore its resilience and growth potential.
Looking ahead, MCB is well-positioned to leverage its strengths, address challenges, and capitalize on opportunities for sustained performance and value creation.

Metropolitan Bank Hld (MCB) reports strong Q1 performance and eyes growth opportunities

Metropolitan Bank Hld (MCB) delivered a strong Q1 performance, emphasizing preparedness for industry challenges and a commitment to transparency. The bank is focused on organic growth, managing interest rate risk, and liquidity risk effectively.

Metropolitan Bank Hld (MCB) reports strong Q2 performance and eyes new growth opportunities

Metropolitan Bank Hld (MCB) delivered a solid performance in Q2 2023, showcasing growth in deposits and loans while efficiently managing expenses. Despite challenges in net interest margin compression, MCB remains focused on strategic initiatives and sees promising opportunities ahead.

Metropolitan Bank Hld (MCB) reports strong Q3 performance and eyes margin expansion

Metropolitan Commercial Bank (MCB) showcased robust financial performance in Q3 2023, driven by strong net income, deposit, and loan growth.
While maintaining a focus on credit quality and compliance, the bank aims for margin expansion through strategic funding and operational initiatives.
Navigating challenges in expense management and regulatory compliance, MCB is well-positioned to capitalize on opportunities for NIM improvement and sustainable growth.

Metropolitan Bank Hld (MCB) reports resilient performance amidst strategic shifts

Metropolitan Commercial Bank (MCB) showcased resilience and strategic foresight in managing challenges and driving growth in 2023.
Despite increased expenses and the decision to exit the B2C fintech business, MCB remains focused on efficiency, modernization, and sustainable profitability.
Opportunities for NIM expansion, operational enhancements, and strategic cost management position MCB for continued success and value creation in 2024.
Navigating challenges while capitalizing on growth opportunities will be crucial for MCB to maintain its competitive edge and drive shareholder value.

Metropolitan Bank Hld (MCB) reports strong Q1 performance and growth opportunities

Metropolitan Bank Hld (MCB) delivered a strong performance in Q1 2024, driven by balance sheet growth, robust core deposits, and prudent risk management practices. The bank's focus on loan growth, asset quality, and operational efficiency positions it well for future growth.
While facing challenges such as competitive loan pricing and declining fee income, MCB has opportunities to leverage its strengths in asset quality, relationship-based banking, and digital transformation to drive revenue growth and enhance profitability.
By effectively managing expenses, regulatory costs, and tax implications, MCB can navigate challenges and capitalize on opportunities to sustain its financial performance and deliver value to stakeholders in the evolving market landscape.

Metropolitan Bank reports strong Q2 performance amidst deposit challenges

Metropolitan Commercial Bank delivered a solid performance in Q2 2024, marked by NIM expansion and earnings growth, despite challenges in deposit decline.
The bank's strengths in cost management, regulatory compliance, and loan book growth present opportunities for future financial success and market positioning.
By addressing challenges, leveraging opportunities, and building on strengths, Metropolitan Bank is poised for continued growth and operational excellence.

Metropolitan Bank Hld (MCB) reports robust Q3 performance and eyes growth opportunities

Metropolitan Commercial Bank (MCB) demonstrated strong financial performance in Q3 2024, driven by its commercial banking franchise and customer service.
While facing challenges in managing operating expenses and potential unforeseen expenses, the bank remains well-positioned for growth with opportunities in profitability and revenue expansion.
Overall, the bank's performance, strengths, and opportunities indicate a positive outlook for sustained financial success and operational efficiency.

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Metropolitan Bank Holding Corp. engages in the provision of banking solutions. It provides a range of business, commercial and retail banking products and services to small businesses, middle-market enterprises, public entities, and affluent individuals. The company was founded by Mark R. DeFazio on November 24, 1997 and is headquartered in New York, NY.

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With tech stocks extended and regional banks breaking down, now may be an ideal time to be patient and "wait for your pitch". Andrew Rocco explains.

Regional Banks vs. Tech: What Lies Ahead?

Metropolitan Bank Holding Corp. (MCB) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Metropolitan Bank Holding Corp. (MCB) Soars 33.6%: Is Further Upside Left in the Stock?

NEW YORK--(BUSINESS WIRE)---- $MCB #classaction--Attorney Advertising-- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Metropolitan Bank Holding Corp. (“MCB” or the “Company”) (NYSE: MCB). Investors who purchased MCB securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/mcb. The investigation concerns whether MCB has violated federal securities laws.

Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Metropolitan Bank Holding Corp. (MCB) Investigation

The bank said it has ample liquidity and that lots of its deposits are insured. The short report yesterday said Metropolitan Bank has lots of similarities to Signature Bank, which collapsed earlier this month.

Why Shares of Metropolitan Bank Are Surging Today

Shares of Metropolitan Bank Holding Corp. MCB, -27.58% bounced 14.8% in premarket trading Friday, after the parent of New York-based Metropolitan Commercial Bank provided a financial update, saying it was “well capitalized across all measures of regulatory capital” and that “liquidity remains strong.” The update came late Thursday, after the stock tumbled 27.6% on Thursday, and had plunged 54% since the recent regional banking turmoil erupted after the March 8 close.

Metropolitan Bank stock sees big bounce after financial update, saying ‘liquidity remains strong'

Ever since the collapse of Silicon Valley Bank earlier this month, investors have been asking an important question: Which will be the next bank to fall? This focus has cast a dark shadow over many regional banks that operate under a business model similar to SVB.

MCB Stock Alert: Will Metropolitan Bank Be the Next to Fail?

NEW YORK--(BUSINESS WIRE)--Metropolitan Bank Holding Corp. (the “Company”) (NYSE: MCB), the holding company for Metropolitan Commercial Bank (the “Bank”) today updated the following financial information (unaudited): The Company and Bank remain well capitalized across all measures of regulatory capital, with a total risk-based capital of 13.4% and 13.1%, respectively, at December 31, 2022, well above regulatory minimums. As of March 29, 2023: Total core deposit verticals were $5.

Metropolitan Commercial Bank Issues Updated Financial Information

NEW YORK--(BUSINESS WIRE)--Metropolitan Commercial Bank (the “Bank”), the wholly owned subsidiary of Metropolitan Bank Holding Corp. (NYSE: MCB), today announced that the Bank was recognized for the fourth consecutive year in S&P Global Market Intelligence's annual ranking of the best-performing community banks with assets between $3 billion and $10 billion.

Metropolitan Commercial Bank Recognized as #9 in S&P Global's 2022 Ranking of Best-Performing Large Community Banks

Metropolitan Bank Holding Corp. (MCB) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Strength Seen in Metropolitan Bank Holding Corp. (MCB): Can Its 39.0% Jump Turn into More Strength?

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Shaken by the sudden collapse last week of Silicon Valley Bank, or SVB Financial ( SIVB , Financial), investors continued to sell off bank stocks on Monday. While smaller banks and those exposed to risker assets like cryptocurrencies suffered the most, even the top banks like Bank of America ( BAC , Financial) also saw declines.

CEOs Snap Up Small-Cap Bank Stocks Following Bloodbath

Metropolitan Bank, which brands itself as "The Entrepreneurial Bank," has had a wild couple of days. Actions taken by federal regulators seemed to have quelled the fears of bank investors, at least temporarily.

Why Metropolitan Bank Stock Was Up Huge on Tuesday

Metropolitan's fourth quarter results were lackluster in some respects, including fairly average net interest income growth, higher opex, and weaker-than-expected pre-provision profits. Exiting the crypto vertical is impacting fee income and deposit balances in the short run, but the core deposit franchise is still attractive.

Metropolitan Bank: Near-Term Challenges, But An Interesting Longer-Term Story

Metropolitan Bank Holding Corp. (NYSE:MCB ) Q4 2022 Earnings Conference Call January 20, 2023 9:00 AM ET Company Participants Mark DeFazio - President and Chief Executive Officer Greg Sigrist - Executive Vice President and Chief Financial Officer Conference Call Participants Alex Lau - J.P. Morgan Chris O'Connell - KBW Operator Welcome to Metropolitan Commercial Bank's Fourth Quarter and Full Year 2022 Earnings Call.

Metropolitan Bank Holding Corp. (MCB) Q4 2022 Earnings Call Transcript

Metropolitan Bank Holding Corp. (MCB) delivered earnings and revenue surprises of 8% and 1.38%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Metropolitan Bank Holding Corp. (MCB) Tops Q4 Earnings and Revenue Estimates

NEW YORK--( BUSINESS WIRE )--Metropolitan Bank Holding Corp. (the “Company”) (NYSE: MCB), the holding company for Metropolitan Commercial Bank (the “Bank”), reported a net loss of $7.7 million, or $0.71 per diluted common share, for the fourth quarter of 2022, compared to net income of $18.9 million, or $1.69 per diluted common share, for the fourth quarter of 2021. Adjusted net income1 for the fourth quarter of 2022 was $27.3 million, or $2.43 per diluted common share after removing the impact of the regulatory settlement reserve. Net income for the year 2022 was $59.4 million, or $5.29 per diluted common share, compared to net income of $60.6 million, or $6.45 diluted common share, for the year 2021. Adjusted net income1 for the year 2022 was $94.4 million, or $8.42 per diluted common share.

Metropolitan Bank Holding Corp. Reports Fourth Quarter 2022 and Full Year 2022 Results

Metropolitan Commercial Bank's holding company say it will wind down relationships with its four active institutional crypto-related clients.

One of the first banks to dive into crypto is exiting the business, citing 'recent developments' in the market

(Kitco News) - The New York-based Metropolitan Commercial Bank (MCB) has announced that it will be closing down its cryptocurrency unit by the end of 2023.

Metropolitan Commercial Bank to end its crypto-related services

The number of mainstream financial institutions willing to do business in crypto is shrinking.

Banks Are Fleeing Crypto. Bitcoin Investors Should Be Worried.

One of the few US banks to serve the crypto industry, the Metropolitan Commercial Bank, has today announced that it is ending crypto-related services. The bank said that the move was because of the recent developments in the crypto industry.

Metropolitan Bank Holding (MCB) exits the crypto market

Metropolitan Bank Holding Corp said on Monday it will exit the cryptocurrency related asset vertical, as the digital assets industry slips deeper into a crisis.

Regional lender Metropolitan Bank to exit crypto-related asset vertical

NEW YORK--( BUSINESS WIRE )--Metropolitan Bank Holding Corp. (the “Company”) (NYSE: MCB), the holding company for Metropolitan Commercial Bank, today announced that it will fully exit the crypto-asset related vertical. This decision follows a careful review by the Board of Directors and management and reflects recent developments in the crypto-asset industry, material changes in the regulatory environment regarding banks' involvement in crypto-asset related businesses, and a strategic assessment of the business case for MCB's further involvement at this time.

Metropolitan Bank Holding Corp. to Exit Crypto-Asset Related Vertical

NEW YORK--( BUSINESS WIRE )--Metropolitan Bank Holding Corp. (the “Company”) (NYSE: MCB), the holding company for Metropolitan Commercial Bank, today announced it will release fourth quarter and full year 2022 financial results after the market closes on Thursday, January 19, 2023. The Company will conduct a conference call at 9:00 a.m. ET on Friday, January 20, 2023, to discuss the results.

Metropolitan Bank Holding Corp. Announces Fourth Quarter and Full Year 2022 Earnings Release and Conference Call Date

NEW YORK--( BUSINESS WIRE )--The Honorable Eric Adams, Mayor of the City of New York, has proclaimed November 17, 2022 to be “Metropolitan Commercial Bank Day.”

New York City Mayor, Eric Adams, Proclaims November 17, 2022 “Metropolitan Commercial Bank Day”

Metropolitan Bank Holding Corp. (NYSE:MCB ) Q3 2022 Earnings Conference Call October 21, 2022 9:00 AM ET Company Participants Mark DeFazio - President and CEO Greg Sigrist - EVP and CFO Conference Call Participants Chris O'Connell - KBW Alex Lau - JPMorgan Operator Welcome to the Metropolitan Commercial Bank's Third Quarter 2022 Earnings Call. Hosting the call today from Metropolitan Commercial Bank, are Mark DeFazio, President and Chief Executive Officer; and Greg Sigrist, Executive Vice President and Chief Financial Officer.

Metropolitan Bank Holding Corp. (MCB) Q3 2022 Earnings Call Transcript

Metropolitan Bank Holding Corp. (MCB) delivered earnings and revenue surprises of -4.70% and 2.72%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

News for Metropolitan Bank Hld Stock (MCB)