Metropolitan Bank Q3 2021 Earnings Report

Net income for the third quarter of 2021 was $16.2 million, or $1.77 per diluted common share, compared to $10.8 million, or $1.27 per diluted common share, for the third quarter of 2020.

Total assets reached $6.1 billion at September 30, 2021, a 6.1% increase from June 30, 2021.

Total loans, net of deferred fees and unamortized costs, increased by $154 million from the prior linked quarter to $3.6 billion.

Total cash and cash equivalents were $1.9 billion at September 30, 2021, an increase of $138 million, or 8.0% from June 30, 2021.