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Jun 30, 2021
Metropolitan Bank Q2 2021 Earnings Report
Reported a net income of $13.3 million and diluted EPS of $1.55.
Key Takeaways
Metropolitan Bank Holding Corp. reported a strong second quarter with a net income of $13.3 million and diluted EPS of $1.55. Total revenues increased 20.4% from the prior year quarter and tangible book value per share increased 14.7% from the prior year quarter.
Net income for the second quarter of 2021 was $13.3 million, or $1.55 per diluted common share.
Total assets reached $5.8 billion at June 30, 2021, a 45.8% increase from June 30, 2020.
Total deposits increased to $5.3 billion at June 30, 2021, up 55.8% from June 30, 2020.
Net interest income for the second quarter of 2021 was $37.0 million, an increase of $2.6 million from the linked quarter.
Forward Guidance
This release contains forward-looking statements that involve risks and uncertainties, and actual results may differ materially from those expressed or implied.
Challenges Ahead
- An unexpected deterioration in our loan or securities portfolios.
- Unexpected increases in our expenses.
- Greater than anticipated growth and our ability to manage our growth.
- Unanticipated regulatory action or changes in regulations.
- Unexpected changes in interest rates.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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