Metropolitan Bank Holding Corp.

$MCB
Major Banks
Finance

Metropolitan Bank Holding Corp. operates as the bank holding company for Metropolitan Commercial Bank that provides a range of business, commercial, and retail banking products and services to small businesses, middle-market enterprises, public entities, and individuals in the New York metropolitan area. The company offers checking, savings, term deposit, and money market accounts, as well as certificates of deposit. It also provides lending products, including commercial, construction, multifamily, and one-to four-family real estate loans; commercial and industrial loans; trade finance and letters of credit, term loans, and working capital lines of credit; commercial mortgages; and consumer loans. In addition, the company offers cash management services, as well as online and mobile banking, ACH, remote deposit capture, and debit card services. As of January 21, 2021, it operated six locations in Manhattan and Brooklyn, as well as Great Neck, Long Island. The company was founded in 1999 and is headquartered in New York, New York.

IPO Year: 2017

Exchange: NYSE

Website: metropolitanbankny.com

Recent Analyst Ratings for Metropolitan Bank Holding Corp.

DatePrice TargetRatingAnalyst
1/27/2025$75.00 → $83.50Outperform
Hovde Group
10/21/2024$65.50 → $68.00Outperform
Hovde Group
9/19/2024$50.00 → $65.50Outperform
Hovde Group
12/15/2023$60.00Overweight
Piper Sandler
9/27/2023$50.00Outperform
Hovde Group
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Metropolitan Bank Holding Corp. Press Releases

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  • Metropolitan Bank Holding Corp. Reports Fourth Quarter and Full Year 2024 Results

    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

    $MCB
    Major Banks
    Finance
  • Metropolitan Bank Holding Corp. Announces Fourth Quarter and Full Year 2024 Earnings Release and Conference Call Date

    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

    $MCB
    Major Banks
    Finance
  • Metropolitan Commercial Bank Named to Newsweek's America's Best Regional Banks and Credit Unions 2025

    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

    $MCB
    Major Banks
    Finance
  • Metropolitan Bank Holding Corp. Reports Third Quarter 2024 Results

    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

    $MCB
    Major Banks
    Finance
  • Metropolitan Bank Holding Corp. Announces Third Quarter 2024 Earnings Release and Conference Call Date

    Metropolitan Bank Holding Corp. (the "Company") (NYSE:MCB), the holding company for Metropolitan Commercial Bank, today announced it will release third quarter 2024 financial results after the market closes on Thursday, October 17, 2024. The Company will conduct a conference call at 9:00 a.m. ET on Friday, October 18, 2024, to discuss the results. To access the event by telephone, please dial 800-445-7795 (US), 785-424-1699 (INTL), and provide conference ID: MCBQ324 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 Investor Relations se

    $MCB
    Major Banks
    Finance
  • Metropolitan Commercial Bank Recognized as a Member of Piper Sandler's Sm-All Stars Class of 2024

    The Prestigious Award Highlights the Bank's Commitment to Excellence and Innovation Metropolitan Bank Holding Corp. (the "Company") (NYSE:MCB), the holding company for Metropolitan Commercial Bank is pleased to announce its recognition as a member of Piper Sandler's Sm-All Stars Class of 2024. This year's class admits 8 new members and welcomes back 22 alumni. The list recognizes 30 companies that outperformed the industry across a variety of metrics including growth, profitability, credit and capital. "Metropolitan Commercial Bank is thrilled to receive this industry recognition, which is a testament of the bank's commitment to financial excellence and unwavering dedication to our client

    $MCB
    Major Banks
    Finance
  • Metropolitan Commercial Bank Unveils Enhanced Website Experience

    New Website Strengthens Digital Engagement with Clients Metropolitan Commercial Bank (the "Bank," "MCB"), a full-service commercial bank based in New York City is pleased to announce the launch of its new and improved website at MCBankNY.com. By focusing on user experience and accessibility, the new website aims to provide seamless and convenient banking for the bank's valued clients and partners. "Our mission at Metropolitan Commercial Bank is to provide our clients with the most comprehensive banking solutions while maintaining a high level of personalized service, information security, and innovation," said Dixiana Berrios, Chief Operating Officer at Metropolitan Commercial Bank. "Our

    $MCB
    Major Banks
    Finance
  • Metropolitan Commercial Bank Rings NYSE Opening Bell to Commemorate 25th Anniversary

    Metropolitan Commercial Bank (NYSE:MCB) proudly rang the Opening Bell at the New York Stock Exchange today to celebrate its 25th Anniversary. This milestone underscores MCB's commitment to innovation, growth, and unwavering service to its clients. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240829952132/en/Photo courtesy of NYSE Mark R. DeFazio, Founder, President, and CEO of Metropolitan Commercial Bank, had the honor of ringing the bell, marking the beginning of the trading day. The event celebrated the Bank's quarter-century of achievements and set the stage for the next chapter in its ongoing success story. "Ringing the

    $MCB
    Major Banks
    Finance
  • Metropolitan Bank Holding Corp. Reports Second Quarter 2024 Results

    Strong Earnings, Liquidity, Capital and Asset Quality While Executing Strategic Initiatives  Financial Highlights Loans at June 30, 2024 were $5.8 billion, an increase of $119.7 million from March 31, 2024 and $689.3 million from June 30, 2023. Total deposits at June 30, 2024 were $6.2 billion, a decrease of $67.9 million from March 31, 2024 and an increase of $881.1 million from June 30, 2023. Net interest margin for the second quarter of 2024 expanded 4 basis points to 3.44% from 3.40% for the first quarter of 2024. Diluted earnings per share of $1.50 for the second quarter of 2024, an increase of 2.7% compared to the first quarter of 2024, inclusive of $5.5 million of expen

    $MCB
    Major Banks
    Finance
  • Metropolitan Bank Holding Corp. Announces Second Quarter 2024 Earnings Release and Conference Call Date

    Metropolitan Bank Holding Corp. (the "Company") (NYSE:MCB), the holding company for Metropolitan Commercial Bank, today announced it will release second quarter 2024 financial results after the market closes on Thursday, July 18, 2024. The Company will conduct a conference call at 9:00 a.m. ET on Friday, July 19, 2024, to discuss the results. To access the event by telephone, please dial 800-267-6316 (US), 203-518-9783 (INTL), and provide conference ID: MCBQ224 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 Investor Relations secti

    $MCB
    Major Banks
    Finance

Metropolitan Bank Holding Corp. Analyst Ratings

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Metropolitan Bank Holding Corp. Insider Purchases

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Metropolitan Bank Holding Corp. Insider Trading

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Metropolitan Bank Holding Corp. SEC Filings

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Metropolitan Bank Holding Corp. Leadership Updates

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  • Metropolitan Commercial Bank Celebrates Quarter Century Anniversary

    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

    $MCB
    Major Banks
    Finance
  • Metropolitan Commercial Bank Bolsters Risk Management and Finance Teams with Experienced Large Bank Veterans

    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

    $MCB
    Major Banks
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  • Metropolitan Bank Holding Corp. Names Frederik F. Erikson General Counsel

    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

    $MCB
    Major Banks
    Finance
  • Metropolitan Commercial Bank Bolsters It's Commercial Lending and Deposit Vertical with a Former JP Morgan and PNC Bank Expert – Anthony Ter-Gevondyan

    Metropolitan Commercial Bank (the "Bank"), a New York City-based full-service commercial bank, announced today the appointment of Anthony Ter-Gevondyan as Vice President, Commercial Lending Officer. "Anthony is our latest new hire in our concerted effort to find the best-of-the-best banking executives as we look ahead to further strengthening our institution," said Mark R. DeFazio, President and CEO of Metropolitan Commercial Bank. "His commercial construction, equipment, financial services and healthcare lending and deposit vertical expertise will allow us to broaden our deposit and lending relationships in the Florida market. Anthony will be located in our Brickell, Florida office and r

    $MCB
    Major Banks
    Finance
  • Metropolitan Commercial Bank Furthers its Reach in the Title and Escrow Deposit Vertical

    Metropolitan Commercial Bank (the "Bank"), a New York City-based full-service commercial bank, announced today the further expansion of their Title and Escrow Deposit Vertical with the appointment of two veteran Title and Escrow banking professionals from Fifth Third Bank. "Rob and Nowanna are a great fit to assist in expanding our Title and Escrow group," said Mark R. DeFazio, President and CEO of Metropolitan Commercial Bank. "Title and Escrow and 1031 Exchange business are a natural expansion of one of the Bank's core competencies allowing us to deepen our deposit relationships with accounting and law firms, title companies, and real estate managers, owners and investors. This new team

    $MCB
    Major Banks
    Finance
  • Metropolitan Commercial Bank Appoints Jean-Philippe Gerbi as Chief Digital Officer

    Over 20 Years of Experience in Transforming Enterprise Businesses Metropolitan Commercial Bank (the "Bank"), the wholly owned subsidiary of Metropolitan Bank Holding Corp. (NYSE:MCB), today announced that the Bank hired Jean-Philippe Gerbi as Senior Vice President and Chief Digital Officer. Mr. Gerbi will report to Dixiana Berrios, Executive Vice President and Chief Operating Officer. He will be responsible for the Bank's digital platforms that support the Bank's position as a leading commercial banking and payment solutions innovator. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220621005111/en/Jean-Philippe Gerbi, SVP Chief

    $MCB
    Major Banks
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Metropolitan Bank Holding Corp. Financials

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  • Metropolitan Bank Holding Corp. Reports Fourth Quarter and Full Year 2024 Results

    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

    $MCB
    Major Banks
    Finance
  • Metropolitan Bank Holding Corp. Announces Fourth Quarter and Full Year 2024 Earnings Release and Conference Call Date

    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

    $MCB
    Major Banks
    Finance
  • Metropolitan Bank Holding Corp. Reports Third Quarter 2024 Results

    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

    $MCB
    Major Banks
    Finance
  • Metropolitan Bank Holding Corp. Announces Third Quarter 2024 Earnings Release and Conference Call Date

    Metropolitan Bank Holding Corp. (the "Company") (NYSE:MCB), the holding company for Metropolitan Commercial Bank, today announced it will release third quarter 2024 financial results after the market closes on Thursday, October 17, 2024. The Company will conduct a conference call at 9:00 a.m. ET on Friday, October 18, 2024, to discuss the results. To access the event by telephone, please dial 800-445-7795 (US), 785-424-1699 (INTL), and provide conference ID: MCBQ324 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 Investor Relations se

    $MCB
    Major Banks
    Finance
  • Metropolitan Bank Holding Corp. Reports Second Quarter 2024 Results

    Strong Earnings, Liquidity, Capital and Asset Quality While Executing Strategic Initiatives  Financial Highlights Loans at June 30, 2024 were $5.8 billion, an increase of $119.7 million from March 31, 2024 and $689.3 million from June 30, 2023. Total deposits at June 30, 2024 were $6.2 billion, a decrease of $67.9 million from March 31, 2024 and an increase of $881.1 million from June 30, 2023. Net interest margin for the second quarter of 2024 expanded 4 basis points to 3.44% from 3.40% for the first quarter of 2024. Diluted earnings per share of $1.50 for the second quarter of 2024, an increase of 2.7% compared to the first quarter of 2024, inclusive of $5.5 million of expen

    $MCB
    Major Banks
    Finance
  • Metropolitan Bank Holding Corp. Announces Second Quarter 2024 Earnings Release and Conference Call Date

    Metropolitan Bank Holding Corp. (the "Company") (NYSE:MCB), the holding company for Metropolitan Commercial Bank, today announced it will release second quarter 2024 financial results after the market closes on Thursday, July 18, 2024. The Company will conduct a conference call at 9:00 a.m. ET on Friday, July 19, 2024, to discuss the results. To access the event by telephone, please dial 800-267-6316 (US), 203-518-9783 (INTL), and provide conference ID: MCBQ224 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 Investor Relations secti

    $MCB
    Major Banks
    Finance
  • Metropolitan Bank Holding Corp. Reports First Quarter 2024 Results

    Strong commercial bank franchise underscores resiliency in challenging macroeconomic environment Investment in core banking digital transformation underway to support continued growth Financial Highlights Total deposits at March 31, 2024 were $6.2 billion, an increase of $500.3 million from December 31, 2023 and an increase of $1.1 billion from March 31, 2023. Net interest margin expanded 4 basis points to 3.40% for the first quarter of 2024 compared to 3.36% for the fourth quarter of 2023. Loans at March 31, 2024 were $5.7 billion, an increase of $94.4 million from December 31, 2023 and $867.5 million from March 31, 2023. Diluted earnings per share of $1.46 for the first qu

    $MCB
    Major Banks
    Finance
  • Metropolitan Bank Holding Corp. Announces First Quarter 2024 Earnings Release and Conference Call Date

    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 telephone, please dial 800-267-6316 (US), 203-518-9783 (INTL), and provide conference ID: MCBQ124 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 Investor Relations sect

    $MCB
    Major Banks
    Finance
  • Metropolitan Bank Holding Corp. Reports Fourth Quarter and Full Year 2023 Results

    Stable performance demonstrates MCB's ability to execute on its business plan in a challenging economic environment  Financial Highlights Total 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. Fu

    $MCB
    Major Banks
    Finance
  • Metropolitan Bank Holding Corp. Announces Fourth Quarter and Full Year 2023 Earnings Release and Conference Call Date

    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 2023 financial results after the market closes on Thursday, January 18, 2024. The Company will conduct a conference call at 9:00 a.m. ET on Friday, January 19, 2024, to discuss the results. To access the event by telephone, please dial 800-267-6316 (US), 203-518-9783 (INTL), and provide conference ID: MCBQ423 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

    $MCB
    Major Banks
    Finance

Metropolitan Bank Holding Corp. Large Ownership Changes

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