Metropolitan Bank Holding Corp (N:MCB)
Business Focus: Commercial Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 99 Park Ave NEW YORK NY 10016-1601 |
| Tel: | N/A |
| Website: | https://investors.mcbankny.com/corporate-profile/default.aspx# |
| IR: | See website |
| Key People | ||
| Mark R. Defazio President, Chief Executive Officer, Director | Daniel F. Dougherty Chief Financial Officer, Executive Vice President | Dixiana M. Berrios Chief Operating Officer, Executive Vice President |
| Frederik Erikson Executive Vice President, General Counsel | Laura Capra Executive Vice President and Head of Retail Banking | Scot Lublin Executive Vice President and Chief Lending Officer |
| Nick Rosenberg Executive Vice President and Head of Global Payments | G. David Bonnar Senior Vice President, Chief Accounting Officer | Norman Scott Senior Vice President, Chief Credit Officer |
| Business Overview |
| Metropolitan Bank Holding Corp. is a bank holding company. The Company, through its subsidiary, Metropolitan Commercial Bank, a New York state-chartered bank, provides a range of business, commercial and retail banking products and services to small businesses, middle-market enterprises, public entities and affluent individuals in the New York metropolitan area. In addition to traditional commercial banking products, the Company offers corporate cash management and retail banking services, and, through Global Payments Group, provides global payments business services to non-bank financial service companies (referred to as Banking-as-a-Service) by serving as an issuing bank for third-party debit card programs, while also providing such companies with other financial infrastructure components, including cash settlement and custodian deposit services. Its commercial real estate products include acquisition loans, renovation loans, loans on owner-occupied properties and construction loans. |
| Financial Overview |
| For the three months ended 31 March 2024, Metropolitan Bank Holding Corp interest income increased 35% to $112.3M. Net interest income after loan loss provision increased 2% to $59.2M. Net income applicable to common stockholders decreased 35% to $16.2M. Net interest income after loan loss provision reflects increase in interest earning assets and decrease in interest bearing liabilities. |
| Employees: | 275 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $527.32M as of Mar 31, 2024 |
| Annual revenue (TTM): | $404.48M as of Mar 31, 2024 |
| EBITDA (TTM): | $96.64M as of Mar 31, 2024 |
| Net annual income (TTM): | $68.12M as of Mar 31, 2024 |
| Free cash flow (TTM): | N/A |
| Net Debt Last Fiscal Year: | $94.13M as of Mar 31, 2024 |
| Shares outstanding: | 11,191,958 as of Mar 31, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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