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Dec 31, 2020
Metropolitan Bank Q4 2020 Earnings Report
Reported record net income and diluted EPS for the fourth quarter.
Key Takeaways
Metropolitan Bank Holding Corp. reported a record net income of $11.8 million, or $1.39 per diluted common share, for the fourth quarter of 2020, compared to $7.9 million, or $0.93 per diluted common share, for the fourth quarter of 2019.
Net income for Q4 2020 was $11.8 million, or $1.39 per diluted common share.
Total assets reached $4.33 billion at the end of 2020, a 29.0% increase from the previous year.
Total deposits increased to $3.82 billion, up 36.8% from the previous year.
Net interest income for Q4 2020 was $33.5 million, an increase of $1.1 million from the linked quarter.
Forward Guidance
The bank has revised its Return-to-work Plan to allow up to 75% of employees to return to work as of January 11, 2021 and will continue to revise the Return-to-Work Plan, as necessary.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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