Metropolitan Bank Holding Corp. (MCB) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,359867393233261
Cash and cash equivalents2,359864391233261
Short-term investments 22  
Total current assets:2,359867393233261
Noncurrent Assets
Property, plant and equipment15131276
Intangible assets, net (including goodwill)1010101010
Goodwill1010101010
Total noncurrent assets:2523221716
Other undisclosed assets4,7323,4412,9421,9331,483
TOTAL ASSETS:7,1164,3313,3582,1831,760
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  14418542
Total current liabilities:  14418542
Noncurrent Liabilities
Long-term debt and lease obligation137    
Long-term debt, excluding current maturities137    
Total noncurrent liabilities:137    
Other undisclosed liabilities6,4223,9902,9141,7331,481
Total liabilities:6,5593,9903,0581,9181,523
Stockholders' equity
Stockholders' equity attributable to parent, including:557341299265237
Preferred stock   0 
Common stock00000
Additional paid in capital383219216213211
Accumulated other comprehensive income (loss)(8)11(0)(0)
Retained earnings181121815126
Other undisclosed stockholders' equity attributable to parent 00 0
Total stockholders' equity:557341299265237
TOTAL LIABILITIES AND EQUITY:7,1164,3313,3582,1831,760

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues
(Net Investment Income)
1711411227961
Cost of revenue(4)(9)(4)(3)(7)
Provision for loan, lease, and other losses(4)(9)(4)(3)
Financial services costs(7)
Gross profit:1671311187654
Operating expenses(20)(12)(21)(8)(26)
Other operating income, net
(Noninterest Income, Other Operating Income)
2417111211
Operating income:1711361078039
Interest and debt expense(16)(18)(32)(13)(9)
Income from continuing operations before equity method investments, income taxes:155117756730
Other undisclosed loss from continuing operations before income taxes(65)(60)(31)(31)(6)
Income from continuing operations before income taxes:9058443724
Income tax expense(29)(18)(14)(11)(11)
Net income attributable to parent:6139302612
Undistributed earnings (loss) allocated to participating securities, basic(1)(0)(0)(0)(0)
Net income available to common stockholders, diluted:6039302512

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:6139302612
Other comprehensive income (loss)(8)(0)2(0)(0)
Comprehensive income:5239322512
Other undisclosed comprehensive income, net of tax, attributable to parent   00
Comprehensive income, net of tax, attributable to parent:5239322512

Statements sources

The financial statements are based on the company's filings with the 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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