Metropolitan Bank Holding Corp. ( (MCB) ) has released its Q1 earnings. Here is a breakdown of the information Metropolitan Bank Holding Corp. presented to its investors.
Metropolitan Bank Holding Corp., the parent company of Metropolitan Commercial Bank, is a full-service commercial bank based in New York City that provides a wide range of banking services to individuals, businesses, and institutions.
In its first quarter of 2025 earnings report, Metropolitan Bank Holding Corp. reported strong financial results, highlighting significant growth in loans and deposits, a stable asset quality, and a robust capital position.
The company saw total loans increase to $6.3 billion, marking a 5.1% rise from the previous quarter and a 10.9% increase from the same period last year. Total deposits also grew to $6.4 billion, reflecting a 7.8% increase from the previous quarter. The net interest margin improved to 3.68%, supported by strategic loan and deposit pricing initiatives. Despite a decrease in net income compared to the previous quarter, the company maintained a stable asset quality with a non-performing loan ratio of 0.54%.
Additionally, the company repurchased $12.9 million of its common stock and maintained a strong liquidity position with $2.9 billion in cash and secured funding capacity. The company and its bank subsidiary remain well-capitalized, with risk-based capital ratios well above regulatory minimums.
Looking ahead, Metropolitan Bank Holding Corp. is optimistic about its growth prospects, supported by strong business development pipelines and a solid balance sheet. The company remains committed to supporting its clients and communities, particularly during challenging times.