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Metropolitan Bank posted a solid first-quarter beat, helping to calm investor nerves around the stock. Midsize banks, and in particular New York-area banks, have been in the spotlight due to troubles at New York Community Bancorp.
NEW YORK--(BUSINESS WIRE)--Metropolitan Bank Holding Corp. (the “Company”) (NYSE: MCB), the holding company for Metropolitan Commercial Bank (the “Bank”), reported net income of $16.2 million, or $1.46 per diluted common share, for the first quarter of 2024 compared to $14.6 million, or $1.28 per diluted common share, for the fourth quarter of 2023, and $25.1 million, or $2.25 per diluted commo...
NEW YORK--(BUSINESS WIRE)--Metropolitan Bank Holding Corp. (the “Company”) (NYSE: MCB), the holding company for Metropolitan Commercial Bank, today announced it will release first quarter 2024 financial results after the market closes on Thursday, April 18, 2024. The Company will conduct a conference call at 9:00 a.m. ET on Friday, April 19, 2024, to discuss the results. To access the event by ...
MCB operates in the New York metropolitan area, primarily catering to wealthy entrepreneurs and small businesses. It owns a diversified and healthy loan portfolio with no signs of permanent credit damage. Its business growth since the IPO has been remarkable, with trends being supported by the current outlook.
EXTON, Pa. , March 12, 2024 /PRNewswire/ -- Automated Financial Systems, Inc. (AFS) announced today that Metropolitan Commercial Bank (the "Bank") (NYSE: MCB), is the latest bank to choose AFSVision as their modern commercial lending platform. "AFSVision is one of the leading commercial lending platforms on the market, and it is well suited to accelerating our Core Banking Modernization project.
NEW YORK--(BUSINESS WIRE)--Metropolitan Bank Holding Corp. (the “Company”) (NYSE: MCB), the holding company for Metropolitan Commercial Bank (the “Bank”), reported net income of $14.6 million, or $1.28 per diluted common share, for the fourth quarter of 2023 compared to a net loss of $7.7 million, or $0.71 per diluted common share, for the fourth quarter of 20222. Net income for the year 2023 w...
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