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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. It offers checking, savings, term deposit, money market, non-interest-bearing demand deposit, and other time deposits. The company also provides lending products, including commercial real estate; multi-family; construction; one-to four-family real estate loans; commercial and industrial loans; consumer loans, including purchased student loans; acquisition and renovation loans; loans on owner-occupied properties; loans to refinance or return borrower equity; working capital lines of credit; trade finance; letters of credit; and term loans. In addition, it offers cash management services, online and mobile banking, ACH, remote deposit capture, and debit cards products, and third-part debit cards products, as well as merchant services. It serves small businesses, middle-market enterprises, public entities, and individuals. The company was formerly known as Metbank Holding Corp. and changed its name to Metropolitan Bank Holding Corp. in January 2007. Metropolitan Bank Holding Corp. was incorporated in 1997 and is headquartered in New York, New York.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $291M | - | $71M | $82M | 9.6% | 11.9% | 6.6% |
| 2024 | $260M | - | $67M | $146M | 9.1% | 9.4% | -13.7% |
| 2023 | $238M | - | $77M | $37M | 11.7% | -3.1% | 30.0% |
| 2022 | $245M | - | $59M | $67M | 10.3% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 245.27 | 237.63 | 260.08 | 291.08 |
| Pretax Income | 96.90 | 106.92 | 97.08 | 101.51 |
| Tax Provision | 37.47 | 29.65 | 30.39 | 30.41 |
| Net Income | 59.42 | 77.27 | 66.69 | 71.10 |
| Net Income Common Stockholders | 59.28 | 76.90 | 66.69 | 71.10 |
| Interest Expense | 31.58 | 152.57 | 215.29 | 212.04 |
| Interest Income | 260.74 | 375.40 | 468.38 | 515.28 |
| Selling General And Administration | 61.91 | 76.04 | 89.64 | 93.58 |
| Normalized Income | 59.42 | 77.27 | 66.69 | 71.10 |
| Basic EPS | 5.42 | 6.95 | 5.97 | 6.71 |
| Diluted EPS | 5.29 | 6.91 | 5.93 | 6.62 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.39 | 0.28 | 0.31 | 0.30 |
| Net Income From Continuing Operation Net Minority Interest | 59.42 | 77.27 | 66.69 | 71.10 |
| Reconciled Depreciation | 9.71 | 7.14 | -11.41 | -11.05 |
| Net Interest Income | 229.16 | 222.84 | 253.08 | 303.24 |
| Net Income From Continuing And Discontinued Operation | 59.42 | 77.27 | 66.69 | 71.10 |
| Diluted Average Shares | 11.20 | 11.13 | 11.26 | 10.74 |
| Basic Average Shares | 10.93 | 11.06 | 11.18 | 10.59 |
| Diluted NI Availto Com Stockholders | 59.28 | 76.90 | 66.69 | 71.10 |
| Otherunder Preferred Stock Dividend | 0.14 | 0.36 | 0 | 0 |
| Net Income Including Noncontrolling Interests | 59.42 | 77.27 | 66.69 | 71.10 |
| Net Income Continuous Operations | 59.42 | 77.27 | 66.69 | 71.10 |
| Gain On Sale Of Security | 0 | 0 | 0 | 0 |
| General And Administrative Expense | 61.91 | 76.04 | 89.64 | 93.58 |
| Other Gand A | 0 | 0 | 0 | 0 |
| Insurance And Claims | 4.62 | 9.08 | 11.78 | 9.55 |
| Salaries And Wages | 57.29 | 66.96 | 77.86 | 84.03 |
| Operating Revenue | 245.27 | 237.63 | 260.08 | 291.08 |
| Occupancy And Equipment | 8.86 | 9.34 | 9.66 | 10.32 |
| Professional Expense And Contract Services Expense | 14.42 | 18.06 | 21.32 | 14.93 |
| Other Non Interest Expense | 53.07 | 14.99 | 36.12 | 33.15 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Metropolitan Bank Holding Corp.this co. | MCB | $1.1B | 10.96↓ discount | 1.20 | 9.6% | - |
| Atlanticus Holdings Corporation | ATLC | $1.1B | 12.87 | 1.88 | 20.2% | - |
| Safety Insurance Group, Inc. | SAFT | $1.1B | 11.25 | 1.25 | 11.1% | - |
| Porch Group, Inc. | PRCH | $1.1B | - | -43.48 | -15.0% | 19.23 |
| Universal Insurance Holdings, Inc. | UVE |
| $1.1B |
| 5.80 |
| 1.99 |
| 33.2% |
| 2.18 |
| OceanFirst Financial Corp. | OCFC | $1.1B | 16.00 | 0.65 | 4.3% | - |
| Old Second Bancorp, Inc. | OSBC | $1.1B | 12.28 | 1.20 | 9.0% | - |
| Burford Capital Limited | BUR | $1.1B | 17.32 | 0.43 | 2.0% | - |
| Northeast Bank | NBN | $1.1B | 11.96 | 1.87 | 16.9% | - |
| Peer Median | - | 12.28 | 1.23 | 10.0% | 10.71 | |