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An update from Metropolitan Bank Holding ( (MCB) ) is now available.
Metropolitan Bank Holding Corp. reported strong third-quarter 2024 results, showcasing a net interest margin increase to 3.62% and a solid liquidity position with $3.1 billion in reserves. Despite a dip in net income to $12.3 million from the previous quarter’s $16.8 million, the bank’s asset quality remained stable with non-performing loans at 0.53%. The company is focusing on risk management improvements and expects favorable impacts from monetary policy adjustments, positioning itself for future financial outperformance.
For a thorough assessment of MCB stock, go to TipRanks’ Stock Analysis page.
