Company Quick10K Filing
Metropolitan Bank Holding
10-Q 2020-03-31 Filed 2020-05-05
10-K 2019-12-31 Filed 2020-03-09
10-Q 2019-09-30 Filed 2019-11-08
10-Q 2019-06-30 Filed 2019-08-07
10-Q 2019-03-31 Filed 2019-05-09
10-K 2018-12-31 Filed 2019-03-13
10-Q 2018-09-30 Filed 2018-11-13
10-Q 2018-06-30 Filed 2018-08-14
10-Q 2018-03-31 Filed 2018-05-15
10-K 2017-12-31 Filed 2018-03-28
10-Q 2017-09-30 Filed 2017-12-19
8-K 2020-04-21 Shareholder Vote
8-K 2020-04-20 Earnings, Regulation FD, Exhibits
8-K 2020-01-22 Earnings, Regulation FD, Exhibits
8-K 2020-01-07 Officers, Exhibits
8-K 2019-11-27 Officers, Exhibits
8-K 2019-10-23
8-K 2019-09-25 Other Events, Exhibits
8-K 2019-07-24 Earnings, Regulation FD, Exhibits
8-K 2019-05-28 Officers, Other Events, Exhibits
8-K 2019-05-28 Shareholder Vote
8-K 2019-05-16 Other Events
8-K 2019-04-24 Earnings, Regulation FD, Exhibits
8-K 2019-01-24 Earnings, Regulation FD, Exhibits
8-K 2018-12-21 Officers, Exhibits
8-K 2018-11-07 Other Events, Exhibits
8-K 2018-10-25 Earnings, Regulation FD, Exhibits
8-K 2018-07-30 Other Events, Exhibits
8-K 2018-07-25 Regulation FD, Exhibits
8-K 2018-07-25 Earnings, Exhibits
8-K 2018-05-29 Officers, Code of Ethics, Shareholder Vote, Exhibits
8-K 2018-05-21 Regulation FD, Exhibits
8-K 2018-04-25 Earnings, Exhibits
8-K 2018-04-04 Other Events
8-K 2018-03-06 Officers
8-K 2018-02-05 Officers, Exhibits
8-K 2018-01-29 Earnings, Exhibits
8-K 2018-01-16 Other Events, Exhibits

Metropolitan Bank Holding Financials

MCB Metrics, Comps, Filings

Quarterly | Annual

Business

The Company is a bank holding company headquartered in New York, New York and registered under the Bank Holding Company Act (“BHC Act”). Through its wholly owned bank subsidiary, Metropolitan Commercial Bank (the “Bank” or “Metropolitan”), a New York state chartered bank, the Company provides a broad range of business, commercial and retail banking products and services to small businesses, middle-market enterprises, public entities and affluent individuals in the New York metropolitan area. The Company’s founding members, including the Chief Executive Officer Mark DeFazio, recognized a need in the New York metropolitan area for a solutions oriented, relationship bank focused on middle market companies and real estate entrepreneurs who require loans of  $2 million to $20 million, which is a size often overlooked or deprioritized by larger financial institutions. The Bank was established in 1999 with the goal of helping these under-served clients build and sustain wealth. Its motto, “The Entrepreneurial Bank,” is a reflection of the Bank’s aspiration to develop a middle-market bank that shares the same entrepreneurial spirit of its clients. By combining the high-touch service and relationship-based focus of a community bank with the extensive suite of financial products and services offered by its largest competitors, Metropolitan is well-positioned to continue to capitalize on the significant growth opportunities available in the New York metropolitan area. In addition to traditional commercial banking products, the Company offers cash management and retail banking services, and serves as an issuing bank for third-party debit card programs nationwide. The Bank has developed various deposit gathering strategies, which generate the funding necessary to operate without a large bank franchise.

These activities, together with six strategically located banking centers, generate a stable source of low cost core deposits and a diverse loan portfolio with attractive risk-adjusted yields. As of December 31, 2018, the Company’s assets, loans, deposits and stockholders’ equity totaled $2.18 billion, $1.87 billion, $1.66 billion and $264.5 million, respectively.

As a bank holding company, the Company is subject to the supervision of the Board of Governors of the Federal Reserve System (“FRB”). The Company is required to file with the FRB reports and other information regarding its business operations and the business operations of its subsidiaries. As a state-chartered bank that is a member of the FRB, the Bank is subject to Federal Deposit Insurance Corporation (“FDIC”) regulations as well as primary supervision, periodic examination and regulation by the New York State Department of Financial Services (“NYSDFS”) as the state regulator and by the FRB as its primary federal regulator.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
American National Bankshares (AMNB) 389 8.1 1% 2,455 2,137 0 0 13 30 247
Southern National Bancorp of Virginia (SONA) 380 5.1 1% 2,699 2,328 0 0 32 65 331
Old Second Bancorp (OSBC) 376 5.8 1% 2,614 2,344 0 0 30 56 322
Civista Bancshares (CIVB) 374 0% 7.8 1% 2,269 1,940 14 0 34 48 374
Bar Harbor Bankshares (BHB) 372 0% 6.5 1% 3,612 3,218 16 0 26 80 521
Cambridge Bancorp (CATC) 368 6.1 1% 2,842 2,599 0 0 23 49 299
Guaranty Bancshares (GNTY) 366 7.4 1% 2,326 2,070 0 0 19 41 308
Bridgewater Bancshares (BWB) 361 5.0 1% 2,232 1,996 0 0 31 54 272
Enterprise Bancorp (EBTC) 360 4.3 1% 3,139 2,848 0 0 32 64 278
West Bancorporation (WTBA) 357 5.8 1% 2,457 2,253 0 0 28 66 380
Macatawa Bank (MCBC) 355 8.6 1% 2,144 1,933 0 0 31 46 396
Citizens & Northern (CZNC) 354 9.0 1% 1,643 1,400 0 0 20 33 303
Metropolitan Bank Holding (MCB) 349 -1.2 1% 3,243 2,952 0 0 29 75 -87
Spirit of Texas Bancshares (STXB) 347 6.9 1% 1,960 1,663 0 0 17 39 270
Peoples Financial Services (PFIS) 340 7.0 1% 2,373 2,077 0 0 27 48 342
Business First Bancshares (BFST) 337 0% 6.7 1% 2,221 1,940 3 0 18 41 273
Summit Financial Group (SMMF) 329 4.8 1% 2,324 2,081 0 0 24 57 277
Penns Woods Bancorp (PWOD) 327 8.5 1% 1,673 1,518 0 0 13 32 269
BSB Bancorp (BLMT) 323 2.5 1% 3,030 2,828 0 0 23 71 179
Howard Bancorp (HBMD) 312 0% 9.3 0% 2,293 1,985 2 0 11 36 340

Balance Sheet ($MM)2017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash267261371251154233356433435
Accounts Receivable472436134
Inventory
PP&E618777206710
Assets1,7241,7601,9691,9241,9312,1832,5452,9613,243
Accounts Payable
Long-Term Debt
Liabilities1,6051,5231,7261,6751,6731,9182,2712,6792,952
Stockholders' Equity119237243250257265274281291
Income Statement ($MM)2017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue
Cost of Revenue
Gross Profit
R&D
SG&A
Tax355332484
Net Income436676968
Cash Flow ($MM)2017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating-2527921227
Cash Investing-42-121-94-233-310-308
Cash Financing29203-9335385283