Metropolitan Bank Holding Corp. (MCB) Income Statement Analysis

See more : ACMAT Corporation (ACMTA) Income Statement Analysis – Financial Results

Complete financial analysis of Metropolitan Bank Holding Corp. (MCB) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Metropolitan Bank Holding Corp., a leading company in the Banks – Regional industry within the Financial Services sector.

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Metropolitan Bank Holding Corp. (MCB)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.metropolitanbankny.com

About Metropolitan Bank Holding Corp.

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 real estate, construction, multi-family, and one-to four-family real estate loans; commercial and industrial loans; consumer loans; acquisition and renovation loans; loans to refinance or return borrower equity; loans on owner-occupied properties; working capital lines of credit; trade finance and letters of credit; and term loans. In addition, the company offers cash management services, as well as online and mobile banking, ACH, remote deposit capture, and debit card services. It operates six banking centers in Manhattan, Brooklyn, Great Neck, and Long Island. Metropolitan Bank Holding Corp. was founded in 1999 and is headquartered in New York, New York.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue	238.46M	255.75M	180.70M	141.92M	108.24M	83.38M	63.27M	43.09M	31.22M
Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	238.46M	255.75M	180.70M	141.92M	108.24M	83.38M	63.27M	43.09M	31.22M
Gross Profit Ratio	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	76.04M	61.92M	45.91M	39.80M	31.24M	29.65M	22.90M	19.49M	15.47M
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	76.04M	61.92M	45.91M	39.80M	31.24M	29.65M	22.90M	19.49M	15.47M
Other Expenses	174.70M	-82.59M	-137.04M	-123.80M	-95.42M	-12.75M	-9.19M	-6.38M	0.00
Operating Expenses	250.74M	14.42M	-91.13M	-84.01M	-64.18M	29.65M	22.90M	19.49M	15.47M
Cost & Expenses	250.74M	14.42M	-91.13M	-84.01M	-64.18M	29.65M	22.90M	19.49M	15.47M
Interest Income	375.41M	260.74M	173.28M	143.10M	129.78M	83.95M	60.75M	44.16M	32.68M
Interest Expense	152.57M	31.58M	16.28M	18.18M	32.17M	12.72M	8.67M	6.09M	5.26M
Depreciation & Amortization	2.60M	2.50M	2.40M	2.54M	1.61M	1.36M	978.00K	785.00K	696.00K
EBITDA	109.52M	99.40M	91.97M	60.46M	45.67M	38.13M	24.56M	8.84M	7.52M
EBITDA Ratio	45.93%	51.93%	52.37%	42.60%	42.20%	60.98%	52.52%	34.66%	40.95%
Operating Income	106.92M	128.48M	89.57M	57.92M	44.06M	49.49M	32.25M	14.15M	12.09M
Operating Income Ratio	44.84%	50.24%	49.57%	40.81%	40.71%	59.35%	50.97%	32.83%	38.72%
Total Other Income/Expenses	0.00	-4.63M	-3.85M	-2.04M	0.00	-1.36M	-978.00K	-675.00K	-554.00K
Income Before Tax	106.92M	96.90M	89.57M	57.92M	44.06M	36.78M	23.58M	8.06M	6.83M
Income Before Tax Ratio	44.84%	37.89%	49.57%	40.81%	40.71%	44.10%	37.27%	18.70%	21.87%
Income Tax Expense	29.65M	37.47M	29.02M	18.45M	13.93M	11.22M	11.21M	3.05M	2.56M
Net Income	77.27M	59.43M	60.56M	39.47M	30.13M	25.55M	12.37M	5.01M	4.27M
Net Income Ratio	32.40%	23.24%	33.51%	27.81%	27.84%	30.65%	19.55%	11.63%	13.67%
EPS	6.95	5.42	6.64	4.76	3.63	3.12	2.40	0.65	0.55
EPS Diluted	6.91	5.29	6.45	4.66	3.56	3.06	2.34	0.65	0.55
Weighted Avg Shares Out	11.06M	10.93M	9.01M	8.22M	8.17M	8.19M	8.20M	7.73M	7.73M
Weighted Avg Shares Out (Dil)	11.13M	11.20M	9.27M	8.40M	8.34M	8.35M	8.20M	7.73M	7.73M

Metropolitan Bank Holding Corp. (MCB) Beats Q1 Earnings and Revenue Estimates

April 18, 2023zacks.com

Metropolitan Bank Holding Corp. (MCB) came out with quarterly earnings of $2.25 per share, beating the Zacks Consensus Estimate of $1.65 per share. This compares to earnings of $1.69 per share a year ago.

Metropolitan Bank Holding Corp. Announces First Quarter 2023 Earnings Release and Conference Call Date

April 5, 2023businesswire.com

NEW YORK--(BUSINESS WIRE)--Metropolitan Bank Holding Corp. (the “Company”) (NYSE: MCB), the holding company for Metropolitan Commercial Bank, today announced it will release first quarter financial results after the market closes on Tuesday, April 18, 2023. The Company will conduct a...

Regional Banks vs. Tech: What Lies Ahead?

April 5, 2023zacks.com

With tech stocks extended and regional banks breaking down, now may be an ideal time to be patient and "wait for your pitch". Andrew Rocco explains.

Metropolitan Bank Holding Corp. (MCB) Soars 33.6%: Is Further Upside Left in the Stock?

April 3, 2023zacks.com

Metropolitan Bank Holding Corp. (MCB) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Why Shares of Metropolitan Bank Are Surging Today

March 31, 2023fool.com

The bank said it has ample liquidity and that lots of its deposits are insured. The short report yesterday said Metropolitan Bank has lots of similarities to Signature Bank, which collapsed earlier this month.

Metropolitan Bank stock sees big bounce after financial update, saying ‘liquidity remains strong'

March 31, 2023marketwatch.com

Shares of Metropolitan Bank Holding Corp. MCB, -27.58% bounced 14.8% in premarket trading Friday, after the parent of New York-based Metropolitan Commercial Bank provided a financial update, saying it was “well capitalized across all measures of regulatory capital” and that...