Metropolitan Bank (MCB) Financials

$64.54 +0.26 (+0.40%)

Closing price 05/29/2025 03:59 PM Eastern

Extended Trading

$64.74 +0.19 (+0.30%)

As of 05/29/2025 04:09 PM Eastern

Annual Income Statements for Metropolitan Bank

This table shows Metropolitan Bank's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	69	80	59
Consolidated Net Income / (Loss)	67	77	59
Net Income / (Loss) Continuing Operations	69	80	59
Total Pre-Tax Income	97	107	97
Total Revenue	279	254	257
Net Interest Income / (Expense)	253	223	229
Total Interest Income	468	375	261
Loans and Leases Interest Income	430	345	232
Investment Securities Interest Income	21	19	16
Deposits and Money Market Investments Interest Income	15	9.32	12
Other Interest Income	2.24	2.52	0.94
Total Interest Expense	215	153	32
Deposits Interest Expense	198	129	29
Long-Term Debt Interest Expense	0.00	0.00	0.61
Federal Funds Purchased and Securities Sold Interest Expense	1.49	1.47	0.80
Total Non-Interest Income	24	28	27
Other Service Charges	26	31	28
Other Non-Interest Income	-16	-22	-0.89
Provision for Credit Losses	6.26	12	10
Total Non-Interest Expense	174	132	149
Salaries and Employee Benefits	78	67	57
Net Occupancy & Equipment Expense	21	14	14
Property & Liability Insurance Claims	12	9.08	4.63
Other Operating Expenses	63	41	73
Income Tax Expense	30	30	37
Basic Earnings per Share	$5.97	$6.95	$5.42
Weighted Average Basic Shares Outstanding	11.23M	11.09M	10.96M
Diluted Earnings per Share	$5.93	$6.91	$5.29
Weighted Average Diluted Shares Outstanding	11.23M	11.09M	10.96M
Weighted Average Basic & Diluted Shares Outstanding	11.23M	11.09M	10.96M

This table shows Metropolitan Bank's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	23	13	17	16	16	22	16	26	-8.10	25
Consolidated Net Income / (Loss)	21	12	17	16	15	22	16	25	-7.74	25
Net Income / (Loss) Continuing Operations	23	13	17	16	16	22	16	26	-8.10	25
Total Pre-Tax Income	31	18	24	24	20	28	25	34	1.28	36
Total Revenue	72	72	68	67	62	63	62	66	71	69
Net Interest Income / (Expense)	67	65	62	60	57	54	54	59	64	63
Total Interest Income	120	120	116	112	105	98	89	83	81	70
Loans and Leases Interest Income	111	111	105	102	98	91	81	76	73	61
Deposits and Money Market Investments Interest Income	2.47	3.22	5.17	4.15	1.97	1.78	3.09	2.48	3.29	5.11
Other Interest Income	0.57	0.51	0.51	0.66	0.74	0.76	0.69	0.32	0.29	0.25
Total Interest Expense	53	55	54	53	48	44	35	25	17	6.73
Deposits Interest Expense	49	52	51	47	43	36	27	22	15	6.51
Federal Funds Purchased and Securities Sold Interest Expense	0.35	0.38	0.38	0.38	0.38	0.40	0.36	0.33	0.31	0.23
Total Non-Interest Income	4.40	6.29	6.14	7.00	6.56	6.51	7.86	6.97	6.35	5.82
Provision for Credit Losses	1.50	2.69	1.54	0.53	6.54	0.79	4.31	0.65	2.31	2.01
Total Non-Interest Expense	38	51	42	42	34	34	32	31	67	31
Salaries and Employee Benefits	20	20	19	20	18	17	15	16	16	15
Net Occupancy & Equipment Expense	4.51	5.44	5.37	5.35	3.29	3.57	3.77	3.66	3.43	3.21
Property & Liability Insurance Claims	2.98	2.95	2.93	2.93	2.64	1.98	1.64	2.81	1.03	1.11
Other Operating Expenses	11	23	15	14	9.99	11	12	8.30	46	12
Income Tax Expense	9.93	5.30	7.08	8.08	5.30	6.29	9.30	8.76	9.02	11
Basic Earnings per Share	$1.91	$1.10	$1.50	$1.46	$1.31	$1.99	$1.39	$2.26	($0.72)	$2.28
Weighted Average Basic Shares Outstanding	11.23M	11.20M	11.19M	11.19M	11.09M	11.06M	11.06M	11.21M	10.96M	10.93M
Diluted Earnings per Share	$1.89	$1.08	$1.50	$1.46	$1.32	$1.97	$1.37	$2.25	($0.70)	$2.23
Weighted Average Diluted Shares Outstanding	11.23M	11.20M	11.19M	11.19M	11.09M	11.06M	11.06M	11.21M	10.96M	10.93M
Weighted Average Basic & Diluted Shares Outstanding	11.23M	11.20M	11.19M	11.19M	11.09M	11.06M	11.06M	11.21M	10.96M	10.93M

This table details how cash moves in and out of Metropolitan Bank's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	-69	12	-2,102
Net Cash From Operating Activities	148	42	86
Net Cash From Continuing Operating Activities	148	42	86
Net Income / (Loss) Continuing Operations	67	77	59
Consolidated Net Income / (Loss)	67	77	59
Provision For Loan Losses	6.26	12	10
Depreciation Expense	-11	7.14	9.71
Non-Cash Adjustments to Reconcile Net Income	-7.06	6.49	5.79
Changes in Operating Assets and Liabilities, net	94	-61	0.85
Net Cash From Investing Activities	-370	-775	-1,229
Net Cash From Continuing Investing Activities	-370	-775	-1,229
Purchase of Investment Securities	-511	-1,036	-1,371
Sale and/or Maturity of Investments	141	261	141
Net Cash From Financing Activities	152	745	-958
Net Cash From Continuing Financing Activities	152	745	-958
Net Change in Deposits	246	459	-1,158
Issuance of Debt	0.00	340	100
Repayment of Debt	-200	-0.14	-49
Repurchase of Common Equity	-4.58	-3.17	-1.56
Other Financing Activities, Net	111	-51	150
Cash Interest Paid	215	151	32
Cash Income Taxes Paid	35	36	35

This table details how cash moves in and out of Metropolitan Bank's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-118	74	-290	265	92	-24	-98	42	-451	-633
Net Cash From Operating Activities	83	4.80	35	25	-31	27	6.66	39	11	53
Net Cash From Continuing Operating Activities	83	4.80	35	25	-31	27	6.66	39	11	53
Net Income / (Loss) Continuing Operations	21	12	17	16	15	22	16	25	-7.74	25
Consolidated Net Income / (Loss)	21	12	17	16	15	22	16	25	-7.74	25
Provision For Loan Losses	1.50	2.69	1.54	0.53	6.54	0.79	4.31	0.65	2.31	2.01
Depreciation Expense	-2.38	-3.29	-2.54	-3.19	2.31	0.82	2.78	1.23	4.83	2.60
Non-Cash Adjustments to Reconcile Net Income	-22	-1.28	6.14	10	-0.70	2.21	2.27	2.71	-0.60	-12
Changes in Operating Assets and Liabilities, net	85	-5.59	13	1.02	-53	1.60	-18	9.37	13	36
Net Cash From Investing Activities	-115	-31	-107	-117	-277	-195	-305	1.59	-240	-234
Net Cash From Continuing Investing Activities	-115	-31	-107	-117	-277	-195	-305	1.59	-240	-234
Purchase of Investment Securities	-150	-55	-162	-144	-313	-269	-384	-71	-283	-262
Sale and/or Maturity of Investments	35	24	55	27	36	74	78	72	43	27
Net Cash From Financing Activities	-87	100	-218	357	400	143	201	1.47	-223	-452
Net Cash From Continuing Financing Activities	-87	100	-218	357	400	143	201	1.47	-223	-452
Net Change in Deposits	-287	100	-68	500	216	233	157	-146	-454	-447
Repayment of Debt	-10	100	-150	-140	-0.14	0.07	-0.07	0.00	-25	0.42
Repurchase of Common Equity	-0.07	-0.03	-0.02	-4.46	-	-1.83	-	-1.34	-0.37	-
Other Financing Activities, Net	210	-	-	-99	99	-243	44	49	150	-
Cash Interest Paid	57	53	53	52	48	44	35	25	16	6.69
Cash Income Taxes Paid	4.79	11	8.05	11	1.65	12	19	3.19	6.67	11

This table presents Metropolitan Bank's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	7,301	7,068	6,267
Cash and Due from Banks	200	269	257
Trading Account Securities	911	930	956
Loans and Leases, Net of Allowance	5,971	5,567	4,796
Loans and Leases	6,034	5,625	4,841
Allowance for Loan and Lease Losses	63	58	45
Other Assets	219	301	258
Total Liabilities & Shareholders' Equity	7,301	7,068	6,267
Total Liabilities	6,571	6,409	5,691
Non-Interest Bearing Deposits	1,334	1,838	2,422
Interest Bearing Deposits	4,649	3,899	2,856
Federal Funds Purchased and Securities Sold	210	99	150
Long-Term Debt	268	468	128
Other Long-Term Liabilities	110	104	135
Total Equity & Noncontrolling Interests	730	659	576
Total Preferred & Common Equity	730	659	576
Total Common Equity	730	659	576
Common Stock	400	396	389
Retained Earnings	383	316	241
Treasury Stock	0.00	-	-
Accumulated Other Comprehensive Income / (Loss)	-53	-53	-54

This table presents Metropolitan Bank's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	7,403	7,266	7,453	6,683	6,522	6,310	6,422
Cash and Due from Banks	318	245	534	177	202	332	709
Trading Account Securities	949	954	958	909	942	444	945
Loans and Leases, Net of Allowance	5,835	5,779	5,661	5,302	5,098	4,804	4,575
Loans and Leases	5,897	5,839	5,719	5,354	5,150	4,852	4,617
Allowance for Loan and Lease Losses	62	60	59	52	52	48	43
Other Assets	301	288	300	295	281	259	153
Total Liabilities & Shareholders' Equity	7,403	7,266	7,453	6,683	6,522	6,310	6,422
Total Liabilities	6,688	6,573	6,780	6,048	5,901	5,663	5,840
Non-Interest Bearing Deposits	1,780	1,883	1,928	1,747	1,730	2,123	3,058
Interest Bearing Deposits	4,490	4,286	4,310	3,775	3,558	3,009	2,674
Federal Funds Purchased and Securities Sold	0.00	0.00	0.00	0.00	243	195	-
Long-Term Debt	278	278	428	383	228	200	48
Other Long-Term Liabilities	140	125	114	144	141	136	60
Total Equity & Noncontrolling Interests	715	692	674	635	621	608	582
Total Preferred & Common Equity	715	692	674	635	621	608	582
Total Common Equity	715	692	674	635	621	608	582
Common Stock	398	396	393	394	393	394	388
Retained Earnings	361	349	332	301	279	264	249
Accumulated Other Comprehensive Income / (Loss)	-44	-52	-52	-60	-51	-50	-54

This table displays calculated financial ratios and metrics derived from Metropolitan Bank's official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	10.13%	-1.20%	42.45%
EBITDA Growth	-24.72%	8.73%	14.24%
EBIT Growth	-9.41%	12.23%	9.82%
NOPAT Growth	-13.70%	30.03%	-1.87%
Net Income Growth	-13.70%	30.03%	-1.87%
EPS Growth	-14.18%	30.62%	-17.98%
Operating Cash Flow Growth	249.92%	-50.60%	130.41%
Free Cash Flow Firm Growth	156.70%	-29,000.67%	99.26%
Invested Capital Growth	-11.47%	60.06%	9.42%
Revenue Q/Q Growth	3.85%	-3.63%	6.08%
EBITDA Q/Q Growth	14.15%	22.69%	-17.44%
EBIT Q/Q Growth	12.90%	20.61%	-20.88%
NOPAT Q/Q Growth	11.45%	40.59%	-30.94%
Net Income Q/Q Growth	11.45%	40.59%	-30.94%
EPS Q/Q Growth	10.63%	41.31%	-31.21%
Operating Cash Flow Q/Q Growth	332.75%	-49.89%	-4.44%
Free Cash Flow Firm Q/Q Growth	131.44%	-3.69%	-101.49%
Invested Capital Q/Q Growth	0.46%	10.71%	11.83%
Profitability Metrics	-	-	-
EBITDA Margin	31.51%	46.09%	41.88%
EBIT Margin	35.60%	43.28%	38.10%
Profit (Net Income) Margin	23.88%	30.48%	23.16%
Tax Burden Percent	68.69%	72.27%	61.33%
Interest Burden Percent	97.67%	97.44%	99.11%
Effective Tax Rate	31.31%	27.73%	38.67%
Return on Invested Capital (ROIC)	6.28%	8.44%	8.82%
ROIC Less NNEP Spread (ROIC-NNEP)	6.28%	8.44%	8.82%
Return on Net Nonoperating Assets (RNNOA)	3.33%	4.08%	1.67%
Return on Equity (ROE)	9.60%	12.51%	10.49%
Cash Return on Invested Capital (CROIC)	18.45%	-37.75%	-0.18%
Operating Return on Assets (OROA)	1.38%	1.65%	1.46%
Return on Assets (ROA)	0.93%	1.16%	0.89%
Return on Common Equity (ROCE)	9.60%	12.51%	10.49%
Return on Equity Simple (ROE_SIMPLE)	9.14%	11.72%	10.32%
Net Operating Profit after Tax (NOPAT)	67	77	59
NOPAT Margin	23.88%	30.48%	23.16%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	35.29%	32.04%	27.61%
Operating Expenses to Revenue	62.16%	51.88%	57.96%
Earnings before Interest and Taxes (EBIT)	99	110	98
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	88	117	107
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.90	0.93	1.11
Price to Tangible Book Value (P/TBV)	0.90	0.93	1.11
Price to Revenue (P/Rev)	2.34	2.42	2.50
Price to Earnings (P/E)	9.48	7.65	10.79
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	10.55%	13.07%	9.27%
Enterprise Value to Invested Capital (EV/IC)	0.72	0.72	0.73
Enterprise Value to Revenue (EV/Rev)	2.58	3.20	2.00
Enterprise Value to EBITDA (EV/EBITDA)	8.20	6.94	4.77
Enterprise Value to EBIT (EV/EBIT)	7.26	7.40	5.24
Enterprise Value to NOPAT (EV/NOPAT)	10.82	10.50	8.62
Enterprise Value to Operating Cash Flow (EV/OCF)	4.86	19.12	5.96
Enterprise Value to Free Cash Flow (EV/FCFF)	3.68	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.37	0.71	0.22
Long-Term Debt to Equity	0.37	0.71	0.22
Financial Leverage	0.53	0.48	0.19
Leverage Ratio	10.35	10.80	11.81
Compound Leverage Factor	10.10	10.52	11.71
Debt to Total Capital	26.86%	41.54%	18.22%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	26.86%	41.54%	18.22%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	73.14%	58.46%	81.78%
Debt to EBITDA	3.05	4.01	1.19
Net Debt to EBITDA	0.77	1.70	-1.20
Long-Term Debt to EBITDA	3.05	4.01	1.19
Debt to NOPAT	4.02	6.06	2.16
Net Debt to NOPAT	1.02	2.57	-2.17
Long-Term Debt to NOPAT	4.02	6.06	2.16
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	196	-346	-1.19
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.91	-2.27	-0.04
Operating Cash Flow to Interest Expense	0.69	0.28	2.72
Operating Cash Flow Less CapEx to Interest Expense	0.69	0.28	2.72
Efficiency Ratios	-	-	-
Asset Turnover	0.04	0.04	0.04
Fixed Asset Turnover	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-
Invested Capital	998	1,127	704
Invested Capital Turnover	0.26	0.28	0.38
Increase / (Decrease) in Invested Capital	-129	423	61
Enterprise Value (EV)	722	811	512
Market Capitalization	654	613	641
Book Value per Share	$65.18	$59.57	$52.68
Tangible Book Value per Share	$65.18	$59.57	$52.68
Total Capital	998	1,127	704
Total Debt	268	468	128
Total Long-Term Debt	268	468	128
Net Debt	68	199	-129
Capital Expenditures (CapEx)	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	268	468	128
Total Depreciation and Amortization (D&A)	-11	7.14	9.71
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$5.97	$6.95	$5.42
Adjusted Weighted Average Basic Shares Outstanding	11.23M	11.09M	10.96M
Adjusted Diluted Earnings per Share	$5.93	$6.91	$5.29
Adjusted Weighted Average Diluted Shares Outstanding	11.23M	11.09M	10.96M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	11.23M	11.09M	10.96M
Normalized Net Operating Profit after Tax (NOPAT)	67	77	59
Normalized NOPAT Margin	23.88%	30.48%	23.16%
Pre Tax Income Margin	34.77%	42.17%	37.76%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.46	0.72	3.10
NOPAT to Interest Expense	0.31	0.51	1.88
EBIT Less CapEx to Interest Expense	0.46	0.72	3.10
NOPAT Less CapEx to Interest Expense	0.31	0.51	1.88
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	6.87%	4.10%	2.62%

This table displays calculated financial ratios and metrics derived from Metropolitan Bank's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	16.69%	14.28%	9.25%	0.85%	-12.25%	-8.87%	-0.60%	22.37%	26.30%	48.30%
EBITDA Growth	28.16%	-49.07%	-23.34%	-40.94%	262.29%	-24.48%	-19.37%	31.29%	-77.66%	53.59%
EBIT Growth	53.19%	-35.99%	-5.03%	-29.57%	1,151.47%	-21.31%	-24.87%	32.41%	-93.80%	48.85%
NOPAT Growth	47.02%	-44.40%	7.96%	-35.38%	288.22%	-11.59%	-32.89%	31.83%	-140.98%	53.90%
Net Income Growth	47.02%	-44.40%	7.96%	-35.38%	288.22%	-11.59%	-32.89%	31.83%	-140.98%	53.90%
EPS Growth	43.18%	-45.18%	9.49%	-35.11%	288.57%	-11.66%	-33.82%	33.14%	-141.18%	25.99%
Operating Cash Flow Growth	371.27%	-82.53%	429.13%	-35.95%	-367.53%	-48.54%	167.39%	26.38%	-25.78%	126.90%
Free Cash Flow Firm Growth	136.91%	110.14%	49.67%	-13.84%	-497.51%	-2,057.15%	-30.67%	-27.62%	66.11%	109.30%
Invested Capital Growth	-11.47%	-2.44%	14.24%	30.03%	60.06%	61.67%	35.50%	38.23%	9.42%	1.00%
Revenue Q/Q Growth	0.37%	5.96%	2.00%	7.57%	-1.71%	1.30%	-5.85%	-7.57%	2.08%	10.50%
EBITDA Q/Q Growth	104.08%	-31.54%	2.91%	-4.90%	-18.90%	3.04%	-20.72%	1,642.10%	-83.09%	10.01%
EBIT Q/Q Growth	80.16%	-25.14%	-0.14%	13.75%	-24.71%	11.06%	-25.94%	1,226.63%	-95.27%	6.03%
NOPAT Q/Q Growth	74.61%	-26.98%	3.68%	11.22%	-33.97%	41.78%	-37.94%	423.98%	-131.02%	7.62%
Net Income Q/Q Growth	74.61%	-26.98%	3.68%	11.22%	-33.97%	41.78%	-37.94%	423.98%	-131.02%	7.62%
EPS Q/Q Growth	75.00%	-28.00%	2.74%	10.61%	-32.99%	43.80%	-39.11%	421.43%	-131.39%	7.73%
Operating Cash Flow Q/Q Growth	1,637.26%	-86.38%	41.05%	181.30%	-211.88%	312.46%	-82.93%	239.58%	-78.48%	640.13%
Free Cash Flow Firm Q/Q Growth	306.04%	135.64%	56.26%	41.67%	-11.49%	-76.95%	1.07%	-206.13%	-465.19%	111.81%
Invested Capital Q/Q Growth	0.46%	2.34%	-11.91%	-2.26%	10.71%	19.85%	0.27%	20.31%	11.83%	0.45%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	41.90%	20.61%	31.90%	31.62%	38.15%	46.24%	45.46%	53.99%	9.24%	55.80%
EBIT Margin	45.19%	25.18%	35.64%	36.40%	34.43%	44.95%	41.00%	52.12%	2.41%	52.05%
Profit (Net Income) Margin	29.60%	17.01%	24.69%	24.29%	23.49%	34.97%	24.98%	37.91%	-10.95%	36.04%
Tax Burden Percent	68.33%	69.81%	70.34%	66.72%	73.33%	77.81%	62.60%	74.11%	-604.22%	69.42%
Interest Burden Percent	95.84%	96.79%	98.49%	100.00%	93.05%	99.99%	97.35%	98.14%	75.09%	99.75%
Effective Tax Rate	31.67%	30.19%	29.66%	33.28%	26.67%	22.19%	37.40%	25.89%	704.22%	30.58%
Return on Invested Capital (ROIC)	7.78%	4.55%	7.05%	6.33%	6.50%	11.17%	9.11%	14.00%	-4.17%	13.91%
ROIC Less NNEP Spread (ROIC-NNEP)	7.78%	4.55%	7.05%	6.33%	6.50%	11.17%	9.11%	14.00%	-4.17%	13.91%
Return on Net Nonoperating Assets (RNNOA)	4.12%	2.23%	2.72%	3.30%	3.14%	3.95%	2.14%	3.50%	-0.79%	1.59%
Return on Equity (ROE)	11.90%	6.78%	9.77%	9.63%	9.65%	15.12%	11.25%	17.50%	-4.96%	15.50%
Cash Return on Invested Capital (CROIC)	18.45%	8.42%	-5.64%	-19.09%	-37.75%	-40.47%	-22.31%	-23.13%	-0.18%	12.74%
Operating Return on Assets (OROA)	1.76%	0.96%	1.34%	1.34%	1.31%	1.80%	1.65%	2.17%	0.09%	2.00%
Return on Assets (ROA)	1.15%	0.65%	0.93%	0.90%	0.89%	1.40%	1.00%	1.58%	-0.42%	1.39%
Return on Common Equity (ROCE)	11.90%	6.78%	9.77%	9.63%	9.65%	15.12%	11.25%	17.50%	-4.96%	15.50%
Return on Equity Simple (ROE_SIMPLE)	0.00%	8.37%	10.06%	10.15%	0.00%	8.66%	9.31%	10.77%	0.00%	14.78%
Net Operating Profit after Tax (NOPAT)	21	12	17	16	15	22	16	25	-7.74	25
NOPAT Margin	29.60%	17.01%	24.69%	24.29%	23.49%	34.97%	24.98%	37.91%	-10.95%	36.04%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	33.34%	35.12%	35.12%	37.75%	34.67%	32.93%	30.60%	30.10%	27.34%	25.68%
Operating Expenses to Revenue	52.73%	71.09%	62.10%	62.81%	55.03%	53.80%	52.09%	46.90%	94.32%	45.05%
Earnings before Interest and Taxes (EBIT)	33	18	24	24	21	28	26	34	1.71	36
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	30	15	22	21	24	29	28	36	6.53	39
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.90	0.82	0.68	0.63	0.93	0.63	0.63	0.61	1.11	1.21
Price to Tangible Book Value (P/TBV)	0.90	0.82	0.68	0.63	0.93	0.63	0.63	0.61	1.11	1.23
Price to Revenue (P/Rev)	2.34	2.19	1.81	1.68	2.42	1.53	1.45	1.38	2.50	2.91
Price to Earnings (P/E)	9.48	9.45	6.59	6.05	7.65	6.96	6.43	5.47	10.79	8.14
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	10.55%	10.58%	15.17%	16.52%	13.07%	14.37%	15.56%	18.27%	9.27%	12.28%
Enterprise Value to Invested Capital (EV/IC)	0.72	0.55	0.52	0.29	0.72	0.60	0.49	0.28	0.73	0.07
Enterprise Value to Revenue (EV/Rev)	2.58	2.04	1.94	1.26	3.20	2.31	1.54	0.89	2.00	0.17
Enterprise Value to EBITDA (EV/EBITDA)	8.20	7.11	5.52	3.27	6.94	6.37	3.97	2.15	4.77	0.33
Enterprise Value to EBIT (EV/EBIT)	7.26	6.23	5.14	3.22	7.40	6.68	4.22	2.24	5.24	0.34
Enterprise Value to NOPAT (EV/NOPAT)	10.82	9.16	7.25	4.69	10.50	11.05	7.19	3.66	8.62	0.49
Enterprise Value to Operating Cash Flow (EV/OCF)	4.86	15.98	8.85	11.30	19.12	7.17	3.76	2.55	5.96	0.47
Enterprise Value to Free Cash Flow (EV/FCFF)	3.68	6.47	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.53
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.37	0.39	0.40	0.64	0.71	0.60	0.37	0.33	0.22	0.08
Long-Term Debt to Equity	0.37	0.39	0.40	0.64	0.71	0.60	0.37	0.33	0.22	0.08
Financial Leverage	0.53	0.49	0.39	0.52	0.48	0.35	0.24	0.25	0.19	0.11
Leverage Ratio	10.35	10.43	10.50	10.74	10.80	10.77	11.20	11.08	11.81	11.17
Compound Leverage Factor	9.91	10.10	10.34	10.74	10.05	10.77	10.90	10.87	8.87	11.14
Debt to Total Capital	26.86%	28.00%	28.66%	38.86%	41.54%	37.64%	26.87%	24.76%	18.22%	7.55%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	26.86%	28.00%	28.66%	38.86%	41.54%	37.64%	26.87%	24.76%	18.22%	7.55%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	73.14%	72.00%	71.34%	61.14%	58.46%	62.36%	73.13%	75.24%	81.78%	92.45%
Debt to EBITDA	3.05	3.61	3.04	4.37	4.01	4.02	2.18	1.79	1.19	0.37
Net Debt to EBITDA	0.77	-0.52	0.37	-1.08	1.70	2.16	0.25	-1.18	-1.20	-5.08
Long-Term Debt to EBITDA	3.05	3.61	3.04	4.37	4.01	4.02	2.18	1.79	1.19	0.37
Debt to NOPAT	4.02	4.65	3.99	6.26	6.06	6.97	3.95	3.05	2.16	0.55
Net Debt to NOPAT	1.02	-0.67	0.48	-1.55	2.57	3.75	0.46	-2.02	-2.17	-7.68
Long-Term Debt to NOPAT	4.02	4.65	3.99	6.26	6.06	6.97	3.95	3.05	2.16	0.55
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	151	37	-104	-238	-408	-366	-207	-209	-68	19
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	2.83	0.67	-1.92	-4.53	-8.46	-8.26	-5.88	-8.46	-4.10	2.78
Operating Cash Flow to Interest Expense	1.57	0.09	0.65	0.48	-0.64	0.62	0.19	1.58	0.69	7.93
Operating Cash Flow Less CapEx to Interest Expense	1.57	0.09	0.65	0.48	-0.64	0.62	0.19	1.58	0.69	7.93
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	10.63
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	998	993	971	1,102	1,127	1,018	850	847	704	630
Invested Capital Turnover	0.26	0.27	0.29	0.26	0.28	0.32	0.36	0.37	0.38	0.39
Increase / (Decrease) in Invested Capital	-129	-25	121	254	423	388	223	234	61	6.24
Enterprise Value (EV)	722	548	505	321	811	607	416	239	512	42
Market Capitalization	654	589	471	427	613	401	389	371	641	704
Book Value per Share	$65.18	$63.90	$61.86	$60.73	$59.57	$57.39	$55.42	$55.46	$52.68	$53.26
Tangible Book Value per Share	$65.18	$63.90	$61.86	$60.73	$59.57	$57.39	$55.42	$55.46	$52.68	$52.37
Total Capital	998	993	971	1,102	1,127	1,018	850	808	704	630
Total Debt	268	278	278	428	468	383	228	200	128	48
Total Long-Term Debt	268	278	278	428	468	383	228	200	128	48
Net Debt	68	-40	33	-106	199	206	26	-132	-129	-661
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	268	278	278	428	468	383	228	239	128	48
Total Depreciation and Amortization (D&A)	-2.38	-3.29	-2.54	-3.19	2.31	0.82	2.78	1.23	4.83	2.60
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.91	$1.10	$1.50	$1.46	$1.31	$1.99	$1.39	$2.26	($0.72)	$2.28
Adjusted Weighted Average Basic Shares Outstanding	11.23M	11.20M	11.19M	11.19M	11.09M	11.06M	11.06M	11.21M	10.96M	10.93M
Adjusted Diluted Earnings per Share	$1.89	$1.08	$1.50	$1.46	$1.32	$1.97	$1.37	$2.25	($0.70)	$2.23
Adjusted Weighted Average Diluted Shares Outstanding	11.23M	11.20M	11.19M	11.19M	11.09M	11.06M	11.06M	11.21M	10.96M	10.93M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	11.23M	11.20M	11.19M	11.19M	11.09M	11.06M	11.06M	11.21M	10.96M	10.93M
Normalized Net Operating Profit after Tax (NOPAT)	21	12	17	16	15	22	16	25	0.90	25
Normalized NOPAT Margin	29.60%	17.01%	24.69%	24.29%	23.49%	34.97%	24.98%	37.91%	1.27%	36.04%
Pre Tax Income Margin	43.31%	24.37%	35.10%	36.40%	32.03%	44.94%	39.91%	51.15%	1.81%	51.92%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.61	0.33	0.45	0.46	0.44	0.64	0.72	1.39	0.10	5.35
NOPAT to Interest Expense	0.40	0.22	0.31	0.31	0.30	0.50	0.44	1.01	-0.46	3.71
EBIT Less CapEx to Interest Expense	0.61	0.33	0.45	0.46	0.44	0.64	0.72	1.39	0.10	5.35
NOPAT Less CapEx to Interest Expense	0.40	0.22	0.31	0.31	0.30	0.50	0.44	1.01	-0.46	3.71
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	6.87%	7.54%	9.06%	9.20%	4.10%	6.44%	2.95%	2.60%	2.62%	2.71%

Frequently Asked Questions About Metropolitan Bank's Financials

When does Metropolitan Bank's fiscal year end?

According to the most recent income statement we have on file, Metropolitan Bank's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Metropolitan Bank's net income changed over the last 2 years?

Metropolitan Bank's net income appears to be on an upward trend, with a most recent value of $66.69 million in 2024, rising from $59.43 million in 2022. The previous period was $77.27 million in 2023. View Metropolitan Bank's forecast to see where analysts expect Metropolitan Bank to go next.

How has Metropolitan Bank revenue changed over the last 2 years?

Over the last 2 years, Metropolitan Bank's total revenue changed from $256.62 million in 2022 to $279.23 million in 2024, a change of 8.8%.

How much debt does Metropolitan Bank have?

Metropolitan Bank's total liabilities were at $6.57 billion at the end of 2024, a 2.5% increase from 2023, and a 15.5% increase since 2022.

How much cash does Metropolitan Bank have?

In the past 2 years, Metropolitan Bank's cash and equivalents has ranged from $200.27 million in 2024 to $269.47 million in 2023, and is currently $200.27 million as of their latest financial filing in 2024.

How has Metropolitan Bank's book value per share changed over the last 2 years?

Over the last 2 years, Metropolitan Bank's book value per share changed from 52.68 in 2022 to 65.18 in 2024, a change of 23.7%.

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This page (NYSE:MCB) was last updated on 5/30/2025 by MarketBeat.com Staff

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Metropolitan Bank (MCB) Financials

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Metropolitan Bank (MCB) Financials

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