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Sep 30, 2023
Metropolitan Bank Q3 2023 Earnings Report
Sustained core funding and balance sheet growth demonstrated disciplined approach to balance sheet management.
Key Takeaways
Metropolitan Bank Holding Corp. reported a net income of $22.1 million, or $1.97 per diluted common share, for the third quarter of 2023, compared to a net income of $25.0 million, or $2.23 per diluted common share, for the third quarter of 2022.
Total deposits reached $5.5 billion, marking an increase of $233.0 million from June 30, 2023.
Net loan growth was strong and prudent, increasing by $204.9 million from June 30, 2023.
Asset quality remained strong.
Net interest income was stable at $53.6 million.
Metropolitan Bank
Metropolitan Bank
Forward Guidance
No specific forward guidance was provided in the document.