Metropolitan Bank Holding Corp. (MCB)

Metropolitan Bank Holding Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	429.75	345.04	231.85	164.53	136.5
Interest Income on Investments	38.63	30.37	28.89	8.76	6.6
Total Interest Income	468.38	375.41	260.74	173.28	143.1
Interest Paid on Deposits	198.01	128.68	29.28	14.24	14.24
Interest Paid on Borrowings	17.28	23.89	2.3	2.04	3.93
Total Interest Expense	215.3	152.57	31.58	16.28	18.18
Net Interest Income	253.08	222.84	229.16	157	124.92
Net Interest Income Growth (YoY)	13.57%	-2.76%	45.96%	25.68%	27.98%
Other Non-Interest Income	15.56	21.83	20.85	18.94	13.28
Total Non-Interest Income	23.83	27.9	26.59	23.7	17
Non-Interest Income Growth (YoY)	-14.60%	4.93%	12.22%	39.37%	59.97%
Revenues Before Loan Losses	276.91	250.74	255.75	180.7	141.92
Provision for Loan Losses	6.26	12.28	10.12	3.82	9.49
Revenue	270.66	238.46	245.64	176.88	132.44
Revenue Growth (YoY)	13.50%	-2.92%	38.87%	33.56%	27.32%
Salaries and Employee Benefits	68.96	57.2	49.45	41.09	36.49
Occupancy Expenses	9.66	9.34	8.86	3.16	3.64
Federal Deposit Insurance	11.78	9.08	4.63	3.85	2.04
Selling, General & Administrative	54.32	45.59	37.45	30.28	25.17
Other Non-Interest Expense	28.86	10.33	48.35	8.94	7.18
Total Non-Interest Expense	173.58	131.54	148.74	87.31	74.52
EBT Excluding Unusual Items	97.08	106.92	96.9	89.57	57.92
Pretax Income	97.08	106.92	96.9	89.57	57.92
Income Tax Expense	30.4	29.65	37.47	29.02	18.45
Net Income	66.69	77.27	59.43	60.56	39.47
Preferred Dividends & Other Adjustments	-	0.37	0.14	0.74	0.34
Net Income to Common	66.69	76.9	59.28	59.82	39.12
Net Income Growth	-13.69%	30.03%	-1.87%	53.44%	30.97%
Basic Shares Outstanding	11	11	11	9	8
Diluted Shares Outstanding	11	11	11	9	8
Shares Change (YoY)	1.13%	-0.63%	20.79%	10.41%	0.71%
EPS (Basic)	5.97	6.95	5.42	6.64	4.76
EPS (Diluted)	5.93	6.91	5.29	6.45	4.66
EPS Growth	-14.18%	30.62%	-17.98%	38.41%	30.90%
Effective Tax Rate	31.31%	27.73%	38.67%	32.39%	31.86%

Updated Feb 28, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q