Metropolitan Bank Holding Corp
For the period ended Sep 30, 2024. Filed Nov 8, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 8, 2024
MCB$96.43+1.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Changes in Stockholders’ Equity
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (unaudited)
(in thousands, except share data)
| | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Common · · Additional · · Retained · · AOCI (Loss), · · · | |||||||||||||||||
| · Stock · Paid-in Capital · Earnings · Net · Total | |||||||||||||||||
| · · Shares · · Amount · · · · · · · · · · · · | |||||||||||||||||
| Three Months Ended | | | | | | | | | | | | | | | | | |
| Balance at July 1, 2024 | | 11,192,936 | | $112 | | $395,520 | | $348,977 | | $(52,205) | | $692,404 | |||||
| Issuance of common stock under stock compensation plans | | 2,087 | | | — | | | — | | | — | | | — | | | — |
| Employee and non-employee stock-based compensation | | — | | | — | | | 2,475 | | | — | | | — | | | 2,475 |
| Redemption of common stock for exercise of stock options and tax withholdings for restricted stock vesting | | (612) | | | — | | | (32) | | | — | | | — | | | (32) |
| Net income | | — | | | — | | | — | | | 12,266 | | | — | | | 12,266 |
| Other comprehensive income (loss) | | — | | | — | | | — | | | — | | | 8,078 | | | 8,078 |
| Balance at September 30, 2024 | | 11,194,411 | | $112 | | $397,963 | | $361,243 | | $(44,127) | | $715,191 | |||||
| | | | | | | | | | | | | | | | | | |
| Balance at July 1, 2023 | | 10,991,074 | | | 110 | | | 392,742 | | | 279,344 | | | (50,921) | | | 621,275 |
| Issuance of common stock under stock compensation plans | | 220,200 | | | 2 | | | — | | | — | | | — | | | 2 |
| Employee and non-employee stock-based compensation | | — | | | — | | | 2,636 | | | — | | | — | | | 2,636 |
| Redemption of common stock for exercise of stock options and tax withholdings for restricted stock vesting | | (148,545) | | | (2) | | | (1,834) | | | — | | | — | | | (1,836) |
| Net income | | — | | | — | | | — | | | 22,063 | | | — | | | 22,063 |
| Other comprehensive income (loss) | | — | | | — | | | — | | | — | | | (9,230) | | | (9,230) |
| Balance at September 30, 2023 | | 11,062,729 | | $110 | | $393,544 | | $301,407 | | $(60,151) | | $634,910 | |||||
| | | | | | | | | | | | | | | | | | |
| Nine Months Ended | | | | | | | | | | | | | | | | | |
| Balance at January 1, 2024 | | 11,062,729 | | $111 | | $395,871 | | $315,975 | | $(52,936) | | $659,021 | |||||
| Issuance of common stock under stock compensation plans | | 218,830 | | | 1 | | | — | | | — | | | — | | | 1 |
| Employee and non-employee stock-based compensation | | — | | | — | | | 6,601 | | | — | | | — | | | 6,601 |
| Redemption of common stock for exercise of stock options and tax withholdings for restricted stock vesting | | (87,148) | | | — | | | (4,509) | | | — | | | — | | | (4,509) |
| Net income | | — | | | — | | | — | | | 45,268 | | | — | | | 45,268 |
| Other comprehensive income (loss) | | — | | | — | | | — | | | — | | | 8,809 | | | 8,809 |
| Balance at September 30, 2024 | | 11,194,411 | | $112 | | $397,963 | | $361,243 | | $(44,127) | | $715,191 | |||||
| | | | | | | | | | | | | | | | | | |
| Balance at January 1, 2023 | | 10,949,965 | | $109 | | $389,276 | | $240,810 | | $(54,298) | | $575,897 | |||||
| Cumulative effect of changes in accounting principle | | — | | | — | | | — | | | (2,103) | | | — | | | (2,103) |
| Issuance of common stock under stock compensation plans | | 285,190 | | | 3 | | | — | | | — | | | — | | | 3 |
| Employee and non-employee stock-based compensation | | — | | | — | | | 7,438 | | | — | | | — | | | 7,438 |
| Redemption of common stock for exercise of stock options and tax withholdings for restricted stock vesting | | (172,426) | | | (2) | | | (3,170) | | | — | | | — | | | (3,172) |
| Net income | | — | | | — | | | — | | | 62,700 | | | — | | | 62,700 |
| Other comprehensive income (loss) | | — | | | — | | | — | | | — | | | (5,853) | | | (5,853) |
| Balance at September 30, 2023 | | 11,062,729 | | $110 | | $393,544 | | $301,407 | | $(60,151) | | $634,910 | |||||
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