Metropolitan Bank Holding Corp

For the period ended Dec 31, 2024. Filed Feb 28, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 28, 2025

MCB$96.44+0.0%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Item 8. CONSOLIDATED STATEMENTS OF CASH FLOWS

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)


· · Year ended December 31,
	2024		2023		2022
Cash flows from operating activities
Net income		$66,686		$77,268		$59,425
Adjustments to reconcile net income to net cash:
Net depreciation, amortization, and accretion		(11,412)		7,142		9,712
Provision for credit losses		6,257		12,283		10,116
Stock-based compensation		8,899		9,765		7,836
Other, net		(2,986)		(75)		225
Net change in deferred loan fees and costs
Deferred income tax (benefit) expense		(2,798)		(2,800)		(4,000)
Dividends earned on CRA fund
Unrealized (gain) loss on equity securities
Net change in:
Receivable from global payments, net		87,648		(2,043)		(45,741)
Third-party debit cardholder balances		(10,178)		(401)		1,732
Other assets		(4,089)		(30,019)		3,407
Other liabilities		10,432		(28,694)		43,179
Net cash provided by (used in) operating activities		148,459		42,426		85,891

Cash flows from investing activities
Loan originations, purchases and payments, net		(395,390)		(789,736)		(1,113,963)
Redemptions of FRB and FHLB Stock		48,348		152,400		20,030
Purchases of FRB and FHLB Stock		(40,018)		(169,256)		(30,142)
Purchase of securities available-for-sale		(72,810)		(46,809)		(33,776)
Purchase of securities held-for-investment		—		(24,595)		(173,625)
Proceeds from paydowns and maturities of securities available-for-sale		53,166		42,342		76,728
Proceeds from paydowns and maturities of securities held-to-maturity		39,724		65,954		44,643
Purchase of premises and equipment, net		(2,631)		(5,749)		(19,245)
Net cash provided by (used in) investing activities		(369,611)		(775,449)		(1,229,350)

Cash flows from financing activities
Proceeds from (repayments of) federal funds purchased, net		111,000		(51,000)		150,000
Proceeds from (repayments of) FHLB advances, net		(200,000)		340,000		100,000
Proceeds from exercise of stock options		—		—		194
Redemption of common stock for tax withholdings for restricted stock vesting		(4,582)		(3,170)		(1,559)
Redemption of subordinated debt		—		—		(24,712)
Proceeds from (repayments of) secured and other borrowings, net		(144)		(140)		(24,736)
Net increase (decrease) in deposits		245,681		459,380		(1,157,660)
Net cash provided by (used in) financing activities		151,955		745,070		(958,473)

Increase (decrease) in cash and cash equivalents		(69,197)		12,047		(2,101,932)
Cash and cash equivalents at the beginning of the period		269,465		257,418		2,359,350
Cash and cash equivalents at the end of the period		$200,268		$269,465		$257,418
Supplemental information
Cash paid for:
Interest		$215,380		$151,403		$31,599
Income Taxes		$34,795		$36,171		$35,304

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.