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Mar 31, 2020
Metropolitan Bank Q1 2020 Earnings Report
Reported net income of $6.1 million and diluted EPS of $0.72, with growth in loans, deposits, and net interest margin.
Key Takeaways
Metropolitan Bank Holding Corp. reported a net income of $6.1 million, or $0.72 per diluted common share, for the first quarter of 2020. The results were impacted by a $3.1 million provision for loan losses related to COVID-19.
Net income for Q1 2020 was $6.1 million, or $0.72 per diluted common share.
Included a $3.1 million COVID-19-related provision for loan losses.
Total assets reached $3.61 billion.
Total deposits increased to $3.02 billion.
Metropolitan Bank
Metropolitan Bank
Forward Guidance
The company is positioned to identify opportunities on both sides of its balance sheet which will continue to contribute to long term stability and the Company’s intrinsic franchise value.