Metropolitan Bank Holding Corp (MCB) Misses Q3 EPS by 11c

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Go back to Metropolitan Bank Holding Corp (MCB) Misses Q3 EPS by 11c

Metropolitan Bank Holding Corp. Reports Quarterly Net Income

October 20, 2022 4:05 PM EDT

Revenues Increased 48.1% Year-Over-Year

Loans Increased 28.1% Year-Over-Year

Return on Average Tangible Common Equity1 of 17.1%

NEW YORK--(BUSINESS WIRE)-- Metropolitan Bank Holding Corp. (the Company) (NYSE: MCB), the holding company for Metropolitan Commercial Bank (the Bank), reported net income of $25.0 million, or $2.23 per diluted common share, for the third quarter of 2022 compared to net income of $16.2 million, or $1.77 per diluted common share, for the third quarter of 2021.

Quarterly Financial Highlights Year-Over-Year:

Net interest income of $63.3 million, an... More