Articles from Metropolitan Bank Holding Corp.

Metropolitan Bank Holding Corp. (the “Company”) (NYSEMCB), the holding company for Metropolitan Commercial Bank (the “Bank”), reported net income of $21.4 million, or $1.88 per diluted common share, for the fourth quarter of 2024 compared to $12.3 million, or $1.08 per diluted common share, for the third quarter of 2024, and $14.6 million, or $1.28 per diluted common share, for the fourth quarter of 2023.

Metropolitan Bank Holding Corp. (the “Company”) (NYSEMCB), the holding company for Metropolitan Commercial Bank, today announced it will release fourth quarter and full year 2024 financial results after the market closes on Thursday, January 23, 2025. The Company will conduct a conference call at 9:00 a.m. ET on Friday, January 24, 2025, to discuss the results.

Metropolitan Bank Holding Corp. (the “Company”) (NYSEMCB), the holding company for Metropolitan Commercial Bank (the “Bank”), reported net income of $12.3 million, or $1.08 per diluted common share, for the third quarter of 2024 compared to $16.8 million, or $1.50 per diluted common share, for the second quarter of 2024, and $22.1 million, or $1.97 per diluted common share, for the third quarter of 2023.

Metropolitan Bank Holding Corp. (the “Company”) (NYSEMCB), the holding company for Metropolitan Commercial Bank, today announced it will release third quarter 2024 financial results after the market closes on Thursday, October 17, 2024. The Company will conduct a conference call at 9:00 a.m. ET on Friday, October 18, 2024, to discuss the results.

Metropolitan Bank Holding Corp. (the “Company”) (NYSEMCB), the holding company for Metropolitan Commercial Bank (the “Bank”), reported net income of $16.8 million, or $1.50 per diluted common share, for the second quarter of 2024 compared to $16.2 million, or $1.46 per diluted common share, for the first quarter of 2024, and $15.6 million, or $1.37 per diluted common share, for the second quarter of 2023.

Metropolitan Bank Holding Corp. (the “Company”) (NYSEMCB), the holding company for Metropolitan Commercial Bank, today announced it will release second quarter 2024 financial results after the market closes on Thursday, July 18, 2024. The Company will conduct a conference call at 9:00 a.m. ET on Friday, July 19, 2024, to discuss the results.

Metropolitan Bank Holding Corp. (the “Company”) (NYSEMCB), the holding company for Metropolitan Commercial Bank (the “Bank”), reported net income of $16.2 million, or $1.46 per diluted common share, for the first quarter of 2024 compared to $14.6 million, or $1.28 per diluted common share, for the fourth quarter of 2023, and $25.1 million, or $2.25 per diluted common share, for the first quarter of 2023.

Metropolitan Bank Holding Corp. (the “Company”) (NYSEMCB), the holding company for Metropolitan Commercial Bank, today announced it will release first quarter 2024 financial results after the market closes on Thursday, April 18, 2024. The Company will conduct a conference call at 9:00 a.m. ET on Friday, April 19, 2024, to discuss the results.

Metropolitan Bank Holding Corp. (the “Company”) (NYSEMCB), the holding company for Metropolitan Commercial Bank (the “Bank”), reported net income of $14.6 million, or $1.28 per diluted common share, for the fourth quarter of 2023 compared to a net loss of $7.7 million, or $0.71 per diluted common share, for the fourth quarter of 20222. Net income for the year 2023 was $77.3 million, or $6.91 per diluted common share, compared to net income of $59.4 million, or $5.29 per diluted common share, for the year 20222.

Metropolitan Bank Holding Corp. (the “Company”) (NYSEMCB), the holding company for Metropolitan Commercial Bank, today announced it will release fourth quarter and full year 2023 financial results after the market closes on Thursday, January 18, 2024. The Company will conduct a conference call at 9:00 a.m. ET on Friday, January 19, 2024, to discuss the results.

Metropolitan Bank Holding Corp. (NYSEMCB) (the “Company”), the parent company of Metropolitan Commercial Bank (the “Bank”), is pleased to announce the promotion of Daniel F. Dougherty, CFA, to Executive Vice President and Chief Financial Officer, effective November 6, 2023. Mr. Dougherty assumes this role following the resignation of Greg Sigrist on October 31, 2023. He will report directly to Mark R. DeFazio, President and Chief Executive Officer. In his new capacity, Mr. Dougherty will oversee treasury, investor relations, tax, capital planning, accounting, and financial reporting.

Metropolitan Commercial Bank (the “Bank”) has announced the promotions of April Feely and James M. Sozomenou as Co-Heads of Metropolitan Commercial Bank’s EB-5 Private Client Group. In this dual leadership role, they will continue to provide comprehensive banking services and products tailored for stakeholders in the United States Citizen and Immigration Services EB-5 Immigrant Investor Program. Ms. Feely and Mr. Sozomenou will lead the team with the support of their long-standing colleagues in serving the needs of investors, developers, Regional Centers, government agencies, law firms, and consulting companies specializing in EB-5 and E-2.

Metropolitan Bank Holding Corp. (NYSEMCB), the holding company for Metropolitan Commercial Bank (the “Bank”), today announced that the Bank has entered into Consent Orders with the Board of Governors of the Federal Reserve System (the “Federal Reserve”) and the New York State Department of Financial Services (“DFS”) to resolve Federal Reserve and DFS concerns related to the Bank’s relationship with a program manager that processed government stimulus funds and expanded unemployment insurance benefits during the COVID-19 pandemic and was a target of fraud.

Metropolitan Commercial Bank (the “Bank”) is pleased to announce a partnership with leading cloud-based payments platform, Finzly. By leveraging Finzly's modern payment hub, Metropolitan Commercial Bank aims to transform its payment processing operations on ACH, Fedwire, and FedNow. The Bank recognizes the importance of offering innovative and secure payment solutions to meet the changing needs of its customers.

Metropolitan Bank Holding Corp. (the “Company”) (NYSEMCB), the holding company for Metropolitan Commercial Bank, today announced it will release third quarter financial results after the market closes on Thursday, October 19, 2023. The Company will conduct a conference call at 9:00 a.m. ET on Friday, October 20, 2023, to discuss the results.

Metropolitan Bank Holding Corp. (NYSEMCB) (the “Company”), the holding company for Metropolitan Commercial Bank (the “Bank”), announced today the appointment of Frederik F. Erikson as Executive Vice President and General Counsel, effective September 25, 2023. He has joined the Executive Leadership Team and oversees all of the Company’s and Bank’s legal activities.

Metropolitan Bank Holding Corp. (the “Company”) (NYSEMCB), the holding company for Metropolitan Commercial Bank, today announced it will release second quarter financial results after the market closes on Thursday, July 20, 2023. The Company will conduct a conference call at 9:00 a.m. ET on Friday, July 21, 2023, to discuss the results.

Metropolitan Bank Holding Corp. (the “Company”) (NYSEMCB), the holding company for Metropolitan Commercial Bank (the “Bank”), reported net income of $25.1 million, or $2.25 per diluted common share, for the first quarter of 2023 compared to net income of $19.0 million, or $1.69 per diluted common share, for the first quarter of 2022.

Metropolitan Bank Holding Corp. (the “Company”) (NYSEMCB), 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 conference call at 8:30 a.m. ET on Wednesday, April 19, 2023, to discuss the results.

Metropolitan Bank Holding Corp. (the “Company”) (NYSEMCB), the holding company for Metropolitan Commercial Bank (the “Bank”) today updated the following financial information (unaudited):

Metropolitan Commercial Bank (the “Bank”), the wholly owned subsidiary of Metropolitan Bank Holding Corp. (NYSEMCB), today announced that the Bank was recognized for the fourth consecutive year in S&P Global Market Intelligence’s annual ranking of the best-performing community banks with assets between $3 billion and $10 billion.

Metropolitan Bank Holding Corp. (the “Company”) (NYSEMCB), the holding company for Metropolitan Commercial Bank (the “Bank”), reported a net loss of $7.7 million, or $0.71 per diluted common share, for the fourth quarter of 2022, compared to net income of $18.9 million, or $1.69 per diluted common share, for the fourth quarter of 2021. Adjusted net income1 for the fourth quarter of 2022 was $27.3 million, or $2.43 per diluted common share after removing the impact of the regulatory settlement reserve. Net income for the year 2022 was $59.4 million, or $5.29 per diluted common share, compared to net income of $60.6 million, or $6.45 diluted common share, for the year 2021. Adjusted net income1 for the year 2022 was $94.4 million, or $8.42 per diluted common share.

Metropolitan Bank Holding Corp. (the “Company”) (NYSEMCB), the holding company for Metropolitan Commercial Bank, today announced that it will fully exit the crypto-asset related vertical. This decision follows a careful review by the Board of Directors and management and reflects recent developments in the crypto-asset industry, material changes in the regulatory environment regarding banks’ involvement in crypto-asset related businesses, and a strategic assessment of the business case for MCB’s further involvement at this time.

Metropolitan Bank Holding Corp. (the “Company”) (NYSEMCB), the holding company for Metropolitan Commercial Bank, today announced it will release fourth quarter and full year 2022 financial results after the market closes on Thursday, January 19, 2023. The Company will conduct a conference call at 9:00 a.m. ET on Friday, January 20, 2023, to discuss the results.

Metropolitan Bank Holding Corp. (the “Company”) (NYSEMCB), 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.

Metropolitan Bank Holding Corp. (the “Company”) (NYSEMCB), the holding company for Metropolitan Commercial Bank, today announced it will release third quarter financial results after the market closes on Thursday, October 20, 2022. The Company will conduct a conference call at 9:00 a.m. ET on Friday, October 21, 2022, to discuss the results.

Metropolitan Bank Holding Corp. (the “Company”) (NYSEMCB), the holding company for Metropolitan Commercial Bank (the “Bank”), reported net income of $23.2 million, or $2.07 per diluted common share, for the second quarter of 2022 compared to net income of $13.3 million, or $1.55 per diluted common share, for the second quarter of 2021.

Metropolitan Bank Holding Corp. (the “Company”) (NYSEMCB), the holding company for Metropolitan Commercial Bank, today announced it will release second quarter financial results after the market closes on Thursday, July 21, 2022. The Company will conduct a conference call at 9:00 a.m. ET on Friday, July 22, 2022, to discuss the results.

Metropolitan Bank Holding Corp. (the “Company”) (NYSEMCB), the holding company for Metropolitan Commercial Bank (the “Bank”), reported net income of $19.0 million, or $1.69 per diluted common share, for the first quarter of 2022 compared to net income of $12.1 million, or $1.43 per diluted common share, for the first quarter of 2021.

Metropolitan Bank Holding Corp. (the “Company”) (NYSEMCB), the holding company for Metropolitan Commercial Bank, today announced it will release first quarter financial results after the market closes on Thursday, April 21, 2022. The Company will conduct a conference call at 9:00 a.m. ET on Friday, April 22, 2022, to discuss the results.

Metropolitan Bank Holding Corp. (the “Company”) (NYSEMCB), the holding company for Metropolitan Commercial Bank (the “Bank”), reported net income of $18.9 million, or $1.69 per diluted common share, for the fourth quarter of 2021 compared to net income of $11.8 million, or $1.39 per diluted common share, for the fourth quarter of 2020. Net income for the year 2021 was $60.6 million, or $6.45 per diluted common share, compared to net income of $39.5 million, or $4.66 per diluted common share, for the year 2020.

Metropolitan Bank Holding Corp. (the “Company”) (NYSEMCB), the holding company for Metropolitan Commercial Bank (the “Bank”), today announced it will release fourth quarter and full year 2021 financial results after the market closes on Thursday, January 20, 2022. The Company will conduct a conference call at 9:00 a.m. ET on Friday, January 21, 2022, to discuss the results.

Metropolitan Bank Holding Corp. (the “Company”) (NYSEMCB), the holding company for Metropolitan Commercial Bank (the “Bank”), reported net income of $16.2 million, or $1.77 per diluted common share, for the third quarter of 2021 compared to net income of $10.8 million, or $1.27 per diluted common share, for the third quarter of 2020.

Metropolitan Bank Holding Corp. (NYSEMCB) (the “Company”), the holding company for Metropolitan Commercial Bank (the “Bank”), today announced it has completed its underwritten public offering of 2,300,000 shares of its common stock at a price of $75.00 per share, including 300,000 additional shares of common stock upon the exercise in full by the underwriters of their option to purchase additional shares.

Metropolitan Bank Holding Corp. (NYSEMCB) (the “Company”), the holding company for Metropolitan Commercial Bank (the “Bank”), today announced the pricing of an underwritten public offering of 2,000,000 shares of its common stock at a price of $75.00 per share. The Company also granted the underwriters a 30-day option to purchase up to an additional 300,000 shares of common stock.

Metropolitan Bank Holding Corp. (NYSEMCB) (the “Company”), the holding company for Metropolitan Commercial Bank (the “Bank”), today announced it launched an underwritten public offering of $150 million of common stock. The Company also expects to grant the underwriters a 30-day option to purchase up to an additional $22.5 million of common stock.

Metropolitan Bank Holding Corp. (the “Company”) (NYSEMCB), the holding company for Metropolitan Commercial Bank (the “Bank”), today reported net income of $13.3 million, or $1.55 per diluted common share, for the second quarter of 2021 compared to net income of $10.8 million, or $1.29 per diluted common share, for the second quarter of 2020.

Metropolitan Bank Holding Corp. (the “Company”) (NYSEMCB), the holding company for Metropolitan Commercial Bank (the “Bank”), today reported net income of $12.1 million, or $1.43 per diluted common share, for the first quarter of 2021 compared to net income of $6.1 million, or $0.72 per diluted common share, for the first quarter of 2020.