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Jun 30, 2022
Metropolitan Bank Q2 2022 Earnings Report
Reported net income with revenues increasing year-over-year and loans also increasing year-over-year.
Key Takeaways
Metropolitan Bank Holding Corp. reported a strong second quarter with a net income of $23.2 million, or $2.07 per diluted common share. Revenues increased 44.4% year-over-year and loans increased 26.8% year-over-year. The company's return on average tangible common equity was 16.7%.
Net income was $23.2 million, or $2.07 per diluted common share.
Total assets reached $6.9 billion, an 18.7% increase year-over-year.
Total loans increased by 26.8% year-over-year, reaching $4.4 billion.
Net interest margin improved to 3.27%.
Forward Guidance
The company's strong market positioning and balance sheet strength position it well to serve existing and new clients, particularly with the Global Payments Group expanding its fintech relationships.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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