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Metropolitan Bank Holding Corp   (MCB)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $41.1300 $-0.93 -2.211%
Day's High: $42.6 Week Perf: -5.97 %
Day's Low: $ 40.53 30 Day Perf: -18 %
Volume (M): 65 52 Wk High: $ 57.15
Volume (M$): $ 2,669 52 Wk Avg: $38.86
Open: $41.88 52 Wk Low: $13.98



 Market Capitalization (Millions $) 461
 Shares Outstanding (Millions) 11
 Employees 239
 Revenues (TTM) (Millions $) 205
 Net Income (TTM) (Millions $) 55
 Cash Flow (TTM) (Millions $) -531
 Capital Exp. (TTM) (Millions $) 5

Metropolitan Bank Holding Corp
Metropolitan Bank Holding Corp (Metropolitan Bank) is a banking holding company based in New York City. It was established in 1999 and serves as the parent company of Metropolitan Commercial Bank, which is a financial institution that provides a wide range of banking and financial products and services to individuals, businesses and institutional clients in the United States.

Metropolitan Bank operates as a community bank with a focus on personalized customer service and innovative banking solutions to meet the unique needs of its wide range of clientele. It is a publically traded company that is listed on the New York Stock Exchange (NYSE) under the ticker symbol MCB, making it one of the most prominent banking institutions in the United States.

The bank's product and service offerings include Business Checking accounts, Treasury Management services, money market accounts, savings accounts, CDs, commercial loans, SBA loans, and residential mortgages, among others. Metropolitan Bank is also known for its comprehensive online and mobile banking platforms, which provide customers with quick and easy access to their accounts.

The bank operates a network of branches located in New York City, Great Neck, Long Island, and New Jersey. Its headquarters are located in New York City, where it houses its executive management team, along with its marketing, finance, and operations departments.

Metropolitan Bank has an exceptional track-record of financial performance, with a strong balance sheet and increasing profitability year-on-year. Its total assets have grown exponentially over the years, surpassing $5 billion in 2019, making the bank a formidable player in the financial services industry.

Finally, Metropolitan Bank is dedicated to ethical and responsible banking practices. It is committed to diversity and inclusion, as well as community engagement and philanthropy. The bank provides significant support to charitable organizations and community outreach programs in the localities where it operates, and this has earned it a reputation as a socially responsible institution.


   Company Address: 99 Park Avenue New York 10016 NY
   Company Phone Number: 659-0600   Stock Exchange / Ticker: NYSE MCB
   


   

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Metropolitan Bank Holding Corp

Metropolitan Bank Holding Corp Witnesses Sharp Fall of Revenue by 23.576% in Recent Fiscal Quarter, Sparking Investor Concerns

Metropolitan Bank Holding Corp, a prominent player in the Regional Banks industry, recently unveiled its financial results for the fiscal second quarter of 2023. However, the numbers may not have pleased investors, as the company reported a significant drop in income and revenue compared to the previous year. This decline raises concerns about the bank's financial performance and profitability going forward.
In terms of income per share, Metropolitan Bank Holding Corp experienced a drastic decrease of -33.82% from $2.07 per share to $1.37 per share in the fiscal second quarter of 2023, compared to the same period last year. This downward trend continued when compared to the previous quarter, with a decline of -39.11% from $2.25 per share.

Metropolitan Bank Holding Corp

Metropolitan Bank's Profits Skyrocket by 33% in Q1 2023, Indicating Strong Market Growth

The stock market has been experiencing one of the best quarters in recent memory, and the news just keeps getting better. The latest earnings report from Metropolitan Bank Holding Corp is a testament to the growing strength and stability of the market.
For the first quarter of 2023 earnings season, the company's profit per share soared by an impressive 33.14% of $2.25 per share compared to $1.69 a year prior. Net profit per share has also turned positive after a tough reporting period, bouncing from $-0.58 to a positive $2.25. The revenue grew moderately by 0.258% to $64.86 million from $64.70 million in the similar reporting period a year prior, and sequentially, the revenue doubled by 181.226% from $23.06 million.
Net earnings of $25.076 million in the first quarter of 2023 earnings season increased by 31.83% from net earnings of $19.021 million reported in the first quarter of 2023 earnings season a year ago. This positive news is sparking confidence in shareholders and pointing in the direction of a thriving market.






 

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