Metropolitan Bank Holding Corp. (MCB)

Metropolitan Bank Holding Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	416.16	345.04	231.85	164.53	136.5	117.12
Interest Income on Investments	37.66	30.37	28.89	8.76	6.6	12.66
Total Interest Income	453.82	375.41	260.74	173.28	143.1	129.78
Interest Paid on Deposits	191.85	128.68	29.28	14.24	14.24	25.53
Interest Paid on Borrowings	18.5	23.89	2.3	2.04	3.93	6.64
Total Interest Expense	210.34	152.57	31.58	16.28	18.18	32.17
Net Interest Income	243.48	222.84	229.16	157	124.92	97.61
Net Interest Income Growth (YoY)	5.98%	-2.76%	45.96%	25.68%	27.98%	37.04%
Gain (Loss) on Sale of Investments	-	-	-	-	-	0.06
Other Non-Interest Income	18.23	21.83	20.85	18.94	13.28	7.01
Total Non-Interest Income	25.99	27.9	26.59	23.7	17	10.63
Non-Interest Income Growth (YoY)	-6.15%	4.93%	12.22%	39.37%	59.97%	-12.56%
Revenues Before Loan Losses	269.46	250.74	255.75	180.7	141.92	108.24
Provision for Loan Losses	11.3	12.28	10.12	3.82	9.49	4.22
Revenue	258.17	238.46	245.64	176.88	132.44	104.02
Revenue Growth (YoY)	3.52%	-2.92%	38.87%	33.56%	27.32%	29.62%
Salaries and Employee Benefits	67.53	57.2	49.45	41.09	36.49	28.18
Occupancy Expenses	9.45	9.34	8.86	3.16	3.64	2.73
Federal Deposit Insurance	11.44	9.08	4.63	3.85	2.04	-
Selling, General & Administrative	55.09	45.59	37.45	30.28	25.17	21.29
Other Non-Interest Expense	29.05	10.33	48.35	8.94	7.18	7.76
Total Non-Interest Expense	172.56	131.54	148.74	87.31	74.52	59.96
EBT Excluding Unusual Items	85.61	106.92	96.9	89.57	57.92	44.06
Pretax Income	85.61	106.92	96.9	89.57	57.92	44.06
Income Tax Expense	25.77	29.65	37.47	29.02	18.45	13.93
Net Income	59.84	77.27	59.43	60.56	39.47	30.13
Preferred Dividends & Other Adjustments	0.08	0.37	0.14	0.74	0.34	0.45
Net Income to Common	59.76	76.9	59.28	59.82	39.12	29.69
Net Income Growth	8.87%	30.03%	-1.87%	53.44%	30.97%	17.92%
Basic Shares Outstanding	11	11	11	9	8	8
Diluted Shares Outstanding	11	11	11	9	8	8
Shares Change (YoY)	0.49%	-0.63%	20.79%	10.41%	0.71%	0.61%
EPS (Basic)	5.36	6.95	5.42	6.64	4.76	3.63
EPS (Diluted)	5.34	6.91	5.29	6.45	4.66	3.56
EPS Growth	8.87%	30.62%	-17.98%	38.41%	30.90%	16.34%
Effective Tax Rate	30.10%	27.73%	38.67%	32.39%	31.86%	31.61%

Source: S&P Capital IQ. Banks template. Financial Sources.