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Sep 30, 2021
Metropolitan Bank Q3 2021 Earnings Report
Reported net income and diluted EPS for the third quarter.
Key Takeaways
Metropolitan Bank Holding Corp. reported a strong third quarter with a net income of $16.2 million and diluted EPS of $1.77, driven by sustained performance and growth in assets and loans.
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.