Hovde Group resumed coverage of Metropolitan Bank with a rating of Outperform and set a new price target of $65.50 from $50.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/27/2025 | $75.00 → $83.50 | Outperform | Hovde Group |
| 10/21/2024 | $65.50 → $68.00 | Outperform | Hovde Group |
| 9/19/2024 | $50.00 → $65.50 | Outperform | Hovde Group |
| 12/15/2023 | $60.00 | Overweight | Piper Sandler |
| 9/27/2023 | $50.00 | Outperform | Hovde Group |
4 - Metropolitan Bank Holding Corp. (0001476034) (Issuer)
4 - Metropolitan Bank Holding Corp. (0001476034) (Issuer)
4 - Metropolitan Bank Holding Corp. (0001476034) (Issuer)
SC 13G - Metropolitan Bank Holding Corp. (0001476034) (Subject)
SC 13G - Metropolitan Bank Holding Corp. (0001476034) (Subject)
SC 13G/A - Metropolitan Bank Holding Corp. (0001476034) (Subject)
Strong Quarter and Full Year Results Underscored by Successful Execution of Strategic Initiatives Financial Highlights The net interest margin for the fourth quarter of 2024 was 3.66%, an increase of 4 basis points compared to 3.62% for the prior linked quarter and an increase of 30 basis points compared to 3.36% for the prior year period. Total loans at December 31, 2024 were $6.0 billion, an increase of $137.0 million, or 2.3%, from September 30, 2024 and $409.3 million, or 7.3%, from December 31, 2023. Total deposits at December 31, 2024 were $6.0 billion, an increase of $245.7 million, or 4.3%, from December 31, 2023. The increase in deposits was due to a $934.7 million incre
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 2024 financial results after the market closes on Thursday, January 23, 2025. The Company will conduct a conference call at 9:00 a.m. ET on Friday, January 24, 2025, to discuss the results. To access the event by telephone, please dial 800-579-2543 (US), 785-424-1789 (INTL), and provide conference ID: MCBQ424 approximately 15 minutes prior to the start time (to allow time for registration). The call will also be broadcast live over the Internet and accessible at MCB Quarterly Results Conference Call and in the Inve
This award recognizes Metropolitan Commercial Bank's impact and steadfast commitment to providing innovative offerings and strategic banking solutions, ensuring the continued success of its clients. Metropolitan Commercial Bank (the "Bank," "MCB"), a full-service commercial bank based in New York City announced today that it is recognized as one of America's Best Regional Banks and Credit Unions 2025 by Newsweek and Plant-A Insights Group. Newsweek and Plant-A Insights Group recognized top regional banks and credit unions in the United States, by conducting a large-scale study based on the analysis of over 9,000 institutions, more than 70,000 customer surveys and millions of social media
4 - Metropolitan Bank Holding Corp. (0001476034) (Issuer)
4 - Metropolitan Bank Holding Corp. (0001476034) (Issuer)
4 - Metropolitan Bank Holding Corp. (0001476034) (Issuer)
Hovde Group reiterated coverage of Metropolitan Bank with a rating of Outperform and set a new price target of $83.50 from $75.00 previously
Hovde Group reiterated coverage of Metropolitan Bank with a rating of Outperform and set a new price target of $68.00 from $65.50 previously
Hovde Group resumed coverage of Metropolitan Bank with a rating of Outperform and set a new price target of $65.50 from $50.00 previously
144 - Metropolitan Bank Holding Corp. (0001476034) (Subject)
144 - Metropolitan Bank Holding Corp. (0001476034) (Subject)
SCHEDULE 13G/A - Metropolitan Bank Holding Corp. (0001476034) (Subject)
Strong Quarter and Full Year Results Underscored by Successful Execution of Strategic Initiatives Financial Highlights The net interest margin for the fourth quarter of 2024 was 3.66%, an increase of 4 basis points compared to 3.62% for the prior linked quarter and an increase of 30 basis points compared to 3.36% for the prior year period. Total loans at December 31, 2024 were $6.0 billion, an increase of $137.0 million, or 2.3%, from September 30, 2024 and $409.3 million, or 7.3%, from December 31, 2023. Total deposits at December 31, 2024 were $6.0 billion, an increase of $245.7 million, or 4.3%, from December 31, 2023. The increase in deposits was due to a $934.7 million incre
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 2024 financial results after the market closes on Thursday, January 23, 2025. The Company will conduct a conference call at 9:00 a.m. ET on Friday, January 24, 2025, to discuss the results. To access the event by telephone, please dial 800-579-2543 (US), 785-424-1789 (INTL), and provide conference ID: MCBQ424 approximately 15 minutes prior to the start time (to allow time for registration). The call will also be broadcast live over the Internet and accessible at MCB Quarterly Results Conference Call and in the Inve
Strong Operating Results Underscored By Increased Net Interest Margin Financial Highlights The net interest margin for the third quarter of 2024 was 3.62%, an increase of 18 basis points compared to 3.44% for the second quarter of 2024. Total loans at September 30, 2024 were $5.9 billion, an increase of $58.2 million from June 30, 2024 and $542.6 million from September 30, 2023. Total deposits at September 30, 2024 were $6.3 billion, an increase of $100.2 million from June 30, 2024 and $748.3 million from September 30, 2023. Diluted earnings per share of $1.08 for the third quarter of 2024, compared to $1.50 for the second quarter of 2024. Third quarter earnings included $12.6 mill
The Bank has Achieved Over 800% Organic Growth Since its Founding On the Eve of the New Millennium Metropolitan Commercial Bank (the "Bank," "MCB"), a full-service commercial bank based in New York City, proudly announces its 25th anniversary, signifying a remarkable milestone in its history. Founded in 1999, Metropolitan Commercial Bank has become a trusted institution renowned for its commitment to excellence, innovation, risk management, and community engagement. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240624403397/en/Metropolitan Commercial Bank (Graphic: Business Wire) Reflecting on this Quarter Century Anniversary
Metropolitan Commercial Bank (the "Bank," "MCB"), a New York City-based full-service commercial bank, announced today the appointment of Gregory Gaare as Senior Vice President and Chief Risk Officer, Theodore George Andreades as Senior Vice President and Bank Secrecy Act/Anti-Money Laundering Officer, and John M. McCaffery as Senior Vice President and Treasurer. "Metropolitan Commercial Bank is delighted to welcome Greg Gaare, a seasoned risk management professional. As MCB charts its course toward expansion, enlisting individuals from larger financial institutions with extensive risk management experience is imperative. Securing the expertise of Ted Andreades, an experienced BSA/AML offi
Michael A. Guarino to retire as General Counsel in 2024 Metropolitan Bank Holding Corp. (NYSE:MCB) (the "Company"), the holding company for Metropolitan Commercial Bank (the "Bank"), announced today the appointment of Frederik F. Erikson as Executive Vice President and General Counsel, effective September 25, 2023. He has joined the Executive Leadership Team and oversees all of the Company's and Bank's legal activities. Mr. Erikson's extensive commercial and retail banking legal career spans over two decades, primarily cultivated during his tenure at Webster Bank, N.A., based in Waterbury, Connecticut. While at Webster Bank, he held several leadership roles, including Deputy General Cou