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Mar 31, 2025
Metropolitan Bank Q1 2025 Earnings Report
Metropolitan Bank Holding Corp. reported its first quarter 2025 financial results, highlighting strong financial performance and a robust capital position.
Key Takeaways
Metropolitan Bank Holding Corp. reported net income of $16.4 million for the first quarter of 2025, with diluted earnings per common share of $1.45. The company experienced significant loan and deposit growth, with total loans increasing to $6.3 billion and total deposits to $6.4 billion. Net interest margin improved to 3.68%, marking the sixth consecutive quarter of NIM improvement.
Total loans increased by $308.0 million, or 5.1%, from December 31, 2024, reaching $6.3 billion.
Total deposits increased by $466.3 million, or 7.8%, from December 31, 2024, reaching $6.4 billion.
Net interest margin for Q1 2025 was 3.68%, an increase of 2 basis points from the prior linked quarter and 28 basis points from the prior year period.
The Company repurchased $12.9 million of common stock (228,926 shares), representing approximately 2% of shares outstanding at December 31, 2024.
Revenue by Segment
Forward Guidance
The Company's outlook for continued growth is underpinned by strong business development pipelines. The strength of the balance sheet and earnings positions the company well to achieve continued strategic growth and advance its share repurchase program.
Positive Outlook
- Strong business development pipelines support continued growth.
- Robust balance sheet and earnings position for strategic growth.
- Continued benefit from NIM improvement for the sixth consecutive quarter.
- Well-capitalized status under regulatory guidelines.
- Commitment to supporting clients and communities.
Challenges Ahead
- Potential impacts from interest rate policies of the Federal Reserve and other regulatory bodies.
- Risk of unexpected deterioration in loan or securities portfolios.
- Changes in liquidity, including deposit portfolio size and composition, and uninsured deposits percentage.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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