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Metropolitan Bank Holding Corp. Reports Second Quarter 2024 Results Strong Earnings, Liquidity, Capital and Asset Quality While Executing Strategic Initiatives Metropolitan Bank Holding Corp. (the “Company”) (NYSE: MCB), the holding company for Metropolitan Commercial Bank (the “Bank”), reported net income of $16.8 million, or $1.50 per diluted common share, for the second quarter of 2024 compared to $16.2 million, or $1.46 per diluted common share, for the first quarter of 2024, and $15.6 million, or $1.37 per diluted common share, for the second quarter of 2023. #mcb25 #mcbankny #bankingsolutions #digitaltransformation #industryleaders #modernbankinginmotion Continue reading: link below

Starting tomorrow, bank earnings kick off with the biggest banks announcing their Q2 results. Play along with us at American Banker as our reporters explain what's happening and why it matters to bankers. #earnings #banking

Want a good visual regarding the largest U.S. banks with commercial real estate (CRE) exposure? This is significant because our banks saw CRE delinquency rates nearly triple in 2023. Green Zone Capital Advisors helps companies obtain the capital they need when banks say "no" to their credit request. Our trusted list of capital providers are financing companies with more flexible terms and higher availability than we're seeing from the traditional banking industry. #bank #business #businessloan #capital https://lnkd.in/gb3MtQHh

Senior Research Analyst Bill Jung, CFA weighs in on Fifth Third Bank’s fourth-quarter earnings report, noting how successful Fifth Third appears to be at managing the headwinds facing the banking industry. Bill shared that Fifth Third management has built the bank to be resilient and flexible, which will allow it to weather a wide range of scenarios. Read the full Cincinnati Business Courier article here: https://lnkd.in/eXQQ-gGs #FifthThird #QuarterEarnings #BusinessCourier #JohnsonInvestmentCounsel #JICCincinnati Disclaimer: Johnson Investment Counsel cannot promise future results. Any expectations presented here should not be taken as any guarantee or other assurance as to future results. Our opinions are a reflection of our best judgment at the time this material was created, and we disclaim any obligation to update or alter forward-looking statements as a result of new information, future events or otherwise. 

"As of Q3 2023, most CRE loans outstanding (56.1%) were held by small banks with less than $20B in assets, UBS pointed out in a note to clients last month. By comparison, the big banks, with an asset base of more than $250B, held 22% of such debt. This implies that the greatest risk lies with these smaller community banks and therefore CRE is not a risk to the overall banking system.” #YarmouthChoate https://lnkd.in/eGtCnTXB

CMUV Bancorp, the holding company for Community Valley Bank (@cmuv), reported impressive third-quarter financial results for 2024. Net income reached $1,127,388, or $0.65 per share, with total assets climbing to $315.9 million and deposits totaling $276.3 million. 'The bank's Community Bank Leverage Capital ratio stood at a robust 11.71%, well above the threshold for a well-capitalized institution,' the company stated. Non-accrual and past-due loans remained low at 0.96%, reflecting the bank's strong credit quality. CMUV Bancorp's book value per share (diluted) was $17.30 as of September 30, 2024, while the stock (@cmuv) traded at $18.25 on the same date. The company's return on average assets (ROAA) and return on average equity (ROAE) were 1.36% and 12.02%, respectively. 'The first three quarters of 2024 saw the bank exceed expectations in regard to net income, total assets, and loans,' the company noted, expressing optimism for continued healthy loan demand in the fourth quarter. #banking #finance #earnings @cmuv @communityvalleybank

🏦 As we navigate the evolving landscape of commercial real estate, it's crucial to understand its impact on our financial institutions. Recent data reveals that delinquent commercial property loans among the six largest U.S. banks nearly tripled to $9.3 billion in 2023 due to high vacancy rates and increasing borrowing costs 📈 🔍 Today, regulators are paying closer attention to this sector as potential risks to bank stability grow. Interestingly, for almost half of all U.S. banks, commercial real estate debt is their largest loan category 💼 While these loans are more concentrated among smaller banks, several major financial institutions have built substantial portfolios in commercial lending. The graphic below shows the exposure of top U.S. banks to commercial real estate based on Q3 2023 data from UBS 📊 As we continue monitoring these trends and their implications for site development and planning strategies, let's strive towards a sustainable future where growth aligns with risk management 🌱 #CommercialRealEstate #Banking #RiskManagement #Sustainability

Summit Bank Group reported net income for the first quarter of $2.4 million or 31 cents per fully diluted share. Comparable earnings for the quarter ended December 31, 2023 were $1.68 million or 22 cents per fully diluted share, representing an increase of 41 percent or 9 cents to earnings and earnings per fully diluted share, respectively. First quarter provision for loan loss expense declined by $655 thousand from the previous quarter, which was the result of the continued decline in total balances in the Bank’s small commercial equipment finance portfolio and credit quality improvements. “We are pleased to announce we opened our new Redmond, Oregon office located at 538 Southwest Highland Ave on Friday April 22d,” said Craig Wanichek, President and CEO. “We believe this will add to our new client and deposit growth in the robust Redmond market and surrounding areas. Loan growth continued in Q1, which partially offset margin pressure. Additionally, a stabilization of the equipment lending unit led to improved quarterly results.” Full Press Release Here: https://bit.ly/3UdVIWU

#ALM Lower than expected loan growth and deposit rate cuts seems to be the theme with Q3 bank earnings. “"We all felt like some interest rate relief would really drive loan demand. And I think that's kind of proven to be not necessarily the case," Peter Sefzik, chief banking officer, said during a conference call on third-quarter results. Many borrowers are looking for further rate cuts of 50 basis points to 100 basis points, so "it does become a little more of even a second half of 2025 conversation about what does loan demand look like in the economy." “Comerica Inc. expects to cut deposit rates quickly in the fourth quarter after a drive for more customer interest-bearing deposits helped increase deposit costs in the third quarter.” https://lnkd.in/e3mfGqdg

Metropolitan Bank Holding Corp. Reports Third Quarter 2024 Results Strong Operating Results Underscored By Increased Net Interest Margin Financial Highlights The net interest margin for the third quarter of 2024 was 3.62%, an increase of 18 basis points compared to 3.44% for the second quarter of 2024. Total loans at September 30, 2024 were $5.9 billion, an increase of $58.2 million from June 30, 2024 and $542.6 million from September 30, 2023. Total deposits at September 30, 2024 were $6.3 billion, an increase of $100.2 million from June 30, 2024 and $748.3 million from September 30, 2023. Continue reading, link below: #mcb25 #leadership #metropolitancommercialbank #mcbankny