Metropolitan Bank Holding Corp (MCB) saw its stock price soar by 5.56% in Wednesday's trading session following the release of its impressive first-quarter 2025 financial results. The bank's strong performance across key metrics and continued growth trajectory have bolstered investor confidence.
MCB reported substantial growth in both loans and deposits, with loans increasing by $308 million (5.1%) and deposits growing by $465 million (7.8%) compared to the previous quarter. The bank also achieved its sixth consecutive quarter of net interest margin (NIM) expansion, with NIM increasing by 2 basis points to 3.68%. Additionally, MCB continued its share buyback program, repurchasing over 228,000 shares for $12.9 million during the quarter.
Despite some challenges, including a decrease in net income and increased noninterest expenses, the bank's overall performance remained strong. MCB's tangible book value per share increased by 2.3% to $65.80, marking the ninth consecutive quarter of book value accretion. The bank's management expressed confidence in their ability to capture additional market share and position themselves for potential strategic opportunities to increase shareholder value in 2025 and beyond.
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