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Jun 30, 2020

Metropolitan Bank Q2 2020 Earnings Report

Reported net income of $10.8 million and diluted EPS of $1.29.

Key Takeaways

Metropolitan Bank Holding Corp. reported a net income of $10.8 million, or $1.29 per diluted common share, for the second quarter of 2020, compared to $6.1 million, or $0.71 per diluted common share, for the second quarter of 2019.

Net income increased to $10.8 million for the second quarter of 2020, compared to $6.1 million for the second quarter of 2019.

Diluted EPS reached $1.29 for the second quarter of 2020, up from $0.71 for the second quarter of 2019.

Total assets amounted to $3.97 billion at June 30, 2020, as compared to $3.36 billion at December 31, 2019.

Total deposits increased to $3.39 billion at June 30, 2020, as compared to $2.79 billion at December 31, 2019.

Total Revenue
$35.8M
Previous year: $25.6M
+39.8%
EPS
$1.29
Previous year: $0.71
+81.7%
Cash and Equivalents
$823M
Previous year: $433M
+89.8%
Total Assets
$3.97B
Previous year: $2.96B
+34.1%

Metropolitan Bank

Metropolitan Bank