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Midas Edge

Metropolitan Bank Holding Corp.

For the period ended Jun 30, 2025. Filed Aug 1, 2025.

View on SEC.gov

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.

Jun 30, 2025 · Filed Aug 1, 2025

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

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

See the whole filing, with its images and exhibits
Contents

Consolidated Statements of Operations

CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)

(in thousands, except per share data)

​​​​​​​​​​​​​
​ · ​ · Three months ended June 30, · ​ · Six months ended June 30,
​2025202420252024
Interest and dividend income​​​​​​​​​​​​
Loans, including fees​$118,774​$104,595​$229,639​$206,976
Securities​​5,775​​5,493​​11,172​​10,637
Overnight deposits​​2,078​​5,167​​4,003​​9,321
Other interest and dividends​​416​​506​​999​​1,162
Total interest income​​127,043​​115,761​​245,813​​228,096
Interest expense​​​​​​​​​​​​
Deposits​​49,823​​50,555​​97,001​​97,441
Borrowed funds​​3,247​​3,287​​7,563​​8,648
Trust preferred securities​​326​​380​​650​​759
Total interest expense​​53,396​​54,222​​105,214​​106,848
​​​​​​​​​​​​​
Net interest income​​73,647​​61,539​​140,599​​121,248
Provision for credit losses​​6,378​​1,538​​10,884​​2,066
Net interest income after provision for credit losses​​67,269​​60,001​​129,715​​119,182
​​​​​​​​​​​​​
Non-interest income​​​​​​​​​​​​
Service charges on deposit accounts​​2,131​​2,094​​4,304​​3,957
Global Payments Group revenue​​—​​3,686​​—​​7,755
Other income​​492​​359​​1,957​​1,431
Total non-interest income​​2,623​​6,139​​6,261​​13,143
​​​​​​​​​​​​​
Non-interest expense​​​​​​​​​​​​
Compensation and benefits​​20,255​​18,532​​41,994​​38,359
Bank premises and equipment​​2,513​​2,322​​4,976​​4,665
Professional fees​​3,583​​6,916​​8,569​​12,888
Technology costs​​3,653​​3,043​​5,873​​6,054
Licensing fees​​3,462​​3,180​​5,936​​6,456
FDIC assessments​​2,999​​2,925​​5,966​​5,850
Other expenses​​6,644​​5,339​​12,517​​9,885
Total non-interest expense​​43,109​​42,257​​85,831​​84,157
​​​​​​​​​​​​​
Net income before income tax expense​​26,783​​23,883​​50,145​​48,168
Income tax expense​​8,016​​7,084​​15,024​​15,166
Net income​$18,767​$16,799​$35,121​$33,002
​​​​​​​​​​​​​
Earnings per common share​​​​​​​​​​​​
Basic earnings​$1.78​$1.50​$3.23​$2.96
Diluted earnings​$1.76​$1.50​$3.20​$2.96
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.