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Mar 31, 2023
Metropolitan Bank Q1 2023 Earnings Report
Net income and diluted earnings per share increased, revenues and net interest income also saw gains.
Key Takeaways
Metropolitan Bank Holding Corp. reported a strong first quarter in 2023, with net income increasing by 31.8% to $25.1 million and diluted earnings per share rising by 33.1% to $2.25. Revenues also increased by 21.2% to $65.5 million.
Net income increased by 31.8% year-over-year, reaching $25.1 million.
Diluted earnings per share grew by 33.1% year-over-year, amounting to $2.25.
Total revenues increased by 21.2% year-over-year, totaling $65.5 million.
Net interest income increased by 25.5% year-over-year, reaching $58.5 million.
Metropolitan Bank
Metropolitan Bank
Forward Guidance
The company did not provide specific forward guidance but expressed confidence in its business model and strategic positioning.