Metropolitan Bank Holding Corp.

For the period ended Mar 31, 2025. Filed May 2, 2025.

About 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.

Mar 31, 2025 · Filed May 2, 2025

MCB$96.43+1.0%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)

(in thousands, except per share data)


· · Three months ended March 31, ·
· 2025 · 2024
Interest and dividend income
Loans, including fees	$110,865	$102,381
Securities	5,397	5,144
Overnight deposits	1,925	4,154
Other interest and dividends	583	656
Total interest income	118,770	112,335
Interest expense
Deposits	47,178	46,886
Borrowed funds	4,316	5,361
Trust preferred securities	324	379
Total interest expense	51,818	52,626

Net interest income	66,952	59,709
Provision for credit losses	4,506	528
Net interest income after provision for credit losses	62,446	59,181

Non-interest income
Service charges on deposit accounts	2,173	1,863
Global Payments Group revenue	—	4,069
Other income	1,465	1,072
Total non-interest income	3,638	7,004

Non-interest expense
Compensation and benefits	21,739	19,827
Bank premises and equipment	2,463	2,343
Professional fees	4,986	5,972
Technology costs	2,220	3,011
Licensing fees	2,474	3,276
FDIC assessments	2,967	2,925
Other expenses	5,873	4,546
Total non-interest expense	42,722	41,900

Net income before income tax expense	23,362	24,285
Income tax expense	7,008	8,082
Net income	$16,354	$16,203

Earnings per common share
Basic earnings	$1.46	$1.46
Diluted earnings	$1.45	$1.46

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.