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Dec 31, 2019
Metropolitan Bank Q4 2019 Earnings Report
Reported sustained growth in earnings with a diluted EPS of $0.93 for the fourth quarter.
Key Takeaways
Metropolitan Bank Holding Corp. reported a net income of $7.9 million, or $0.93 per diluted common share, for Q4 2019, compared to $6.3 million, or $0.75 per diluted common share, for Q4 2018.
Net income increased by $1.6 million to $7.9 million compared to Q4 2018.
Total assets reached $3.36 billion, compared to $2.18 billion in the previous year.
Loans, net of deferred fees and unamortized costs, increased by $807.7 billion, or 43.3%, to $2.67 billion.
Total cash and cash equivalents increased by $158.3 million, or 67.9%, to $391.2 million.
Forward Guidance
The company did not provide specific forward guidance in this earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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