Metropolitan Bank Holding Corp. (MCB) Financial Statements (2024 and earlier)

Company Profile

Business Address 99 PARK AVENUE
NEW YORK, NY 10016
State of Incorp. NY
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments257,4182,359,350866,618393,445232,950261,231
Cash and cash equivalents257,4182,359,350864,305391,221232,950261,231
Short-term investments  2,3132,224  
Total current assets:257,4182,359,350866,618393,445232,950261,231
Noncurrent Assets
Operating lease, right-of-use asset 44,339   
Property, plant and equipment 31,86915,11613,47512,1006,8776,268
Intangible assets, net (including goodwill) 9,7009,7339,7339,7339,7339,733
Goodwill 9,7009,7339,7339,7339,7339,733
Total noncurrent assets: 85,90824,84923,20821,83316,61016,001
Other undisclosed assets5,924,0114,732,1593,440,9952,942,2941,933,0841,482,623
TOTAL ASSETS:6,267,3377,116,3584,330,8213,357,5722,182,6441,759,855
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt    144,000185,00042,198
Total current liabilities:    144,000185,00042,198
Noncurrent Liabilities
Long-term debt and lease obligation 137,600137,000    
Long-term debt, excluding current maturities 137,600137,000    
Total noncurrent liabilities: 137,600137,000    
Other undisclosed liabilities5,553,8406,422,3693,990,0342,914,4481,733,1271,480,773
Total liabilities:5,691,4406,559,3693,990,0343,058,4481,918,1271,522,971
Equity
Equity, attributable to parent, including:575,897556,989340,787299,124264,517236,884
Preferred stock     3 
Common stock10910982828281
Additional paid in capital389,276382,999218,899216,468213,490211,145
Accumulated other comprehensive income (loss)(54,298)(7,504)9731,207(473)(206)
Retained earnings240,810181,385120,83081,36451,41525,861
Other undisclosed equity, attributable to parent   33 3
Total equity:575,897556,989340,787299,124264,517236,884
TOTAL LIABILITIES AND EQUITY:6,267,3377,116,3584,330,8213,357,5722,182,6441,759,855

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues
(Net Investment Income)
248,425170,974140,551122,04179,10760,753
Cost of revenue (3,816)(9,488)(4,223)(3,138)(7,059)
Provision for loan, lease, and other losses (3,816)(9,488)(4,223)(3,138)
Financial services costs(7,059)
Gross profit:248,425167,158131,063117,81875,96953,694
Operating expenses(27,991)(20,006)(12,462)(20,949)(7,985)(26,468)
Other operating income, net
(Noninterest Income, Other Operating Income)
  23,69717,00310,62912,15611,300
Other undisclosed operating loss      
Operating income:220,434170,849135,604107,49880,14038,526
Nonoperating income
(Other Nonoperating income)
1,505     
Interest and debt expense(31,581)(16,283)(18,176)(32,170)(12,717)(8,671)
Other undisclosed income from continuing operations before equity method investments, income taxes      
Income from continuing operations before equity method investments, income taxes:190,358154,566117,42875,32867,42329,855
Other undisclosed loss from continuing operations before income taxes(93,460)(64,996)(59,510)(31,267)(30,648)(6,277)
Income from continuing operations before income taxes:96,89889,57057,91844,06136,77523,578
Income tax expense(37,473)(29,015)(18,452)(13,927)(11,221)(11,209)
Income from continuing operations:59,42560,55539,46630,13425,55412,369
Income before gain (loss) on sale of properties:60,55539,46630,13425,55412,369
Net income attributable to parent:59,42560,55539,46630,13425,55412,369
Undistributed earnings (loss) allocated to participating securities, basic(141)(739)(344)(448)(168)(183)
Net income available to common stockholders, diluted:59,28459,81639,12229,68625,38612,186

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:59,42560,55539,46630,13425,55412,369
Other comprehensive income (loss)(46,794)(8,477)(234)1,612(353)(54)
Comprehensive income:12,63152,07839,23231,74625,20112,315
Other undisclosed comprehensive income, net of tax, attributable to parent     8613
Comprehensive income, net of tax, attributable to parent:12,63152,07839,23231,74625,28712,328

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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