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MCB (Metropolitan Bank Holding) Net Income : $66.7 Mil (TTM As of Dec. 2024)


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What is Metropolitan Bank Holding Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Metropolitan Bank Holding's Net Income for the three months ended in Dec. 2024 was $21.4 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was $66.7 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Metropolitan Bank Holding's Earnings per Share (Diluted) for the three months ended in Dec. 2024 was $1.88.


Metropolitan Bank Holding Net Income Historical Data

The historical data trend for Metropolitan Bank Holding's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Metropolitan Bank Holding Net Income Chart

Metropolitan Bank Holding Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 39.47 60.56 59.43 77.27 66.69

Metropolitan Bank Holding Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.57 16.20 16.80 12.27 21.42

Metropolitan Bank Holding Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Metropolitan Bank Holding's Net Income for the fiscal year that ended in Dec. 2024 is calculated as

Net Income(A: Dec. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=97.081+-30.395+0+0
=66.7

Metropolitan Bank Holding's Net Income for the quarter that ended in Dec. 2024 is calculated as

Net Income(Q: Dec. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=31.343+-9.925+0+0
=21.4

Net Income for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $66.7 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Metropolitan Bank Holding  (NYSE:MCB) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Metropolitan Bank Holding's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Metropolitan Bank Holding Net Income Related Terms

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Metropolitan Bank Holding Business Description

Traded in Other Exchanges
N/A
Address
99 Park Avenue, New York, NY, USA, 10016
Metropolitan Bank Holding Corp is a bank holding company. It provides a broad range of business, commercial, and retail banking products and services to small businesses, middle-market enterprises, public entities, and individuals in the New York metropolitan area. The services provided by the company include deposits, trade finance, cash management solutions, savings, electronic banking, cards, and others. The company also provides various lending products such as acquisition loans, construction loans, and lines of credit, for retail, office, hospitality, multifamily, mixed-use, warehouse and distribution, and specialty-use properties. The bank derives its revenue in the form of interest income on loans.
Executives
Scott Lublin officer: EVP and CLO 99 PARK AVENUE, NEW YORK NY 10016
Mark R Defazio director, officer: President and CEO 99 PARK AVENUE, NEW YORK NY 10016
Katrina Robinson director 99 PARK AVENUE, NEW YORK NY 10016
Dale C Fredston director 99 PARK AVENUE, NEW YORK NY 10016
Nick Rosenberg officer: EVP and CTO 99 PARK AVENUE, NEW YORK NY 10016
Robert C Patent director 99 PARK AVENUE, NEW YORK NY 10016
Chaya Pamula director 99 PARK AVENUE, NEW YORK NY 10016
Norman Scott officer: SVP and CCO 99 PARK AVENUE, NEW YORK NY 10016
Daniel F Dougherty officer: EVP & CFO 99 PARK AVENUE, NEW YORK NY 10016
Wolf George J Jr director 99 PARK AVENUE, NEW YORK NY 10016
Gerald David Bonnar officer: SVP, Controller, CAO & PAO 99 PARK AVENUE, NEW YORK NY 10016
Frederik F Erikson officer: EVP & General Counsel 99 PARK AVENUE, NEW YORK NY 10016
David J Gold director 99 PARK AVENUE, NEW YORK NY 10016
Terence J Mitchell director 99 PARK AVENUE, NEW YORK NY 10016
Maria F Ramirez director 99 PARK AVENUE, NEW YORK NY 10016