A Business at a Glance
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Metropolitan Bank Holding Corp.
MCB
$978M
Mkt Cap
$91.03
+0.26%
Metropolitan Bank Holding Corp. (MCB) has a current P/E ratio of 13.8, compared to its historical median P/E of 10.8. The stock is currently considered Fair based on its historical valuation range.
Metropolitan Bank Holding Corp. (MCB) has a 5-year average return on invested capital (ROIC) of 10.1%. This indicates solid capital allocation.
Metropolitan Bank Holding Corp. (MCB) has a market capitalization of $978M. It is classified as a small-cap stock.
Yes, Metropolitan Bank Holding Corp. (MCB) pays a dividend with a trailing twelve-month yield of 0.32%. The company also returns capital through share buybacks, with a buyback yield of 7.51%.
Based on historical P/E analysis, Metropolitan Bank Holding Corp. (MCB) appears fair. The current P/E of 13.8 is 27% above its historical median of 10.8. The estimated fair value CAGR (P/E method) is 9.3%.
Metropolitan Bank Holding Corp. (MCB) operates in the State Commercial Banks industry, within the Financials sector.
Item 1. Business The Company is a bank holding company headquartered in New York, New York and registered under the BHC Act. Through its wholly owned bank subsidiary, Metropolitan Commercial Bank, a New York state-chartered commercial bank, the Company provides a broad range of business, commercial and retail banking products and services to small businesses, middle-market enterprises, public entities and individuals primarily in the New York metropolitan area. The Company’s founding members, including its Chief Executive Officer, Mark DeFazio, recognized a need in the New York metropolitan area for a solutions-oriented, commercial banking franchise focused on building relationships with middle market companies and real estate entrepreneurs whose financial needs are often overlooked by larger financial institutions. The Bank was established in 1999 with the goal of helping these under-served clients build and sustain wealth.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 527M | 527M | 492M | 403M | 287M | 197M |
| Net Income | 71M | 71M | 67M | 77M | 59M | 60M |
| EPS | $6.62 | $6.62 | $5.93 | $6.91 | $5.29 | $6.45 |
| Free Cash Flow | 82M | 82M | 146M | 37M | 67M | 33M |
| ROIC | 19.7% | 9.7% | 9.6% | 11.2% | 8.4% | 11.6% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.01 | 0.01 | 0.01 | 0.01 | 0.48 | 0.49 |
| Dividends/Share | $0.29 | $0.30 | - | - | - | - |
| Operating Income | 102M | 102M | 97M | 107M | 97M | 24M |
| Operating Margin | 19.3% | 19.3% | 19.7% | 26.5% | 33.7% | 12.0% |
| ROE | 9.6% | 9.7% | 9.6% | 12.5% | 10.5% | 13.3% |
| Shares Outstanding | 11M | 11M | 11M | 11M | 11M | 9M |
| Metric | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||
| Revenue | 37M | 50M | 72M | 96M | 140M | 160M | 197M | 287M | 403M | 492M | 527M | 527M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 13M | 17M | 19M | 26M | 31M | 40M | 46M | 57M | 67M | 78M | 84M | 84M |
| EBIT | 4.5M | 5.4M | 11M | 12M | 11M | 17M | 24M | 97M | 107M | 97M | 102M | 102M |
| Op. Margin | 12.1% | 10.9% | 15.5% | 12.6% | 7.6% | 10.6% | 12.0% | 33.7% | 26.5% | 19.7% | 19.3% | 19.3% |
| Net Income | 4.2M | 5.0M | 12M | 25M | 30M | 39M | 60M | 59M | 77M | 67M | 71M | 71M |
| Net Margin | 11.3% | 10.1% | 16.9% | 26.4% | 21.1% | 24.4% | 30.4% | 20.6% | 19.1% | 13.5% | 13.5% | 13.5% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | ||||||||||||
| ROIC | 6.2% | 5.4% | 7.0% | 10.1% | 10.5% | 12.2% | 11.6% | 8.4% | 11.2% | 9.6% | 9.7% | 19.7% |
| ROE | 6.2% | 5.4% | 7.0% | 10.1% | 10.5% | 12.2% | 13.3% | 10.5% | 12.5% | 9.6% | 9.7% | 9.6% |
| ROA | N/A | 0.4% | 0.8% | 1.3% | 1.1% | 1.0% | 1.0% | 0.9% | 1.2% | 0.9% | 0.9% | 0.9% |
| Cash Flow | ||||||||||||
| Op. Cash Flow | 5.4M | 15M | 31M | 27M | 39M | 87M | 37M | 86M | 42M | 148M | 89M | 89M |
| Free Cash Flow | 3.7M | 13M | 29M | 25M | 32M | 83M | 33M | 67M | 37M | 146M | 82M | 82M |
| Owner Earnings | 4.3M | 11M | 30M | 24M | 34M | 81M | 30M | 76M | 30M | 137M | 77M | 77M |
| CapEx | 1.7M | 1.2M | 2.2M | 2.0M | 6.8M | 3.9M | 4.0M | 19M | 5.7M | 2.6M | 6.3M | 6.3M |
| Maint. CapEx | 696K | 785K | 978K | 1.4M | 1.6M | 2.5M | 2.4M | 2.5M | 2.6M | 2.7M | 2.9M | 2.9M |
| Growth CapEx | 1.0M | 395K | 1.2M | 564K | 5.2M | 1.4M | 1.6M | 17M | 3.1M | 0 | 3.4M | 3.4M |
| D&A | 696K | 785K | 978K | 1.4M | 1.6M | 2.5M | 2.4M | 2.5M | 2.6M | 2.7M | 2.9M | 2.9M |
| CapEx/OCF | N/A | N/A | 7.0% | 7.3% | 17.5% | 4.5% | 10.7% | 22.4% | 13.6% | 1.8% | 7.1% | 7.1% |
| Capital Allocation | ||||||||||||
| Dividends Paid | 0 | 3.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.1M | 3.1M |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.4% | 0.3% |
| Share Buybacks | 0 | 0 | 255K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 73M | 73M |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 8.8% | 7.5% |
| Stock-Based Comp | 447K | 2.3M | 412K | 2.2M | 3.1M | 3.3M | 4.8M | 7.8M | 9.8M | 8.9M | 8.9M | 8.9M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | ||||||||||||
| Net Debt | N/A | N/A | -269M | N/A | -581M | -1.1B | -2.7B | -428M | -262M | -193M | -383M | -383M |
| Cash & Equiv. | 66M | 83M | 261M | 233M | 389M | 864M | 2.4B | 257M | 269M | 200M | 394M | 394M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | 137M | 138M | N/A | N/A | N/A | 11M |
| Debt/Equity | 0.02 | 10.15 | 0.10 | 7.25 | 0.14 | 0.11 | 0.49 | 0.48 | 0.01 | 0.01 | 0.01 | 0.01 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.5 |
| Equity | 76M | 109M | 237M | 264M | 299M | 341M | 557M | 576M | 659M | 730M | 743M | 743M |
| Total Assets | N/A | 1.2B | 1.8B | 2.2B | 3.4B | 4.3B | 7.1B | 6.3B | 7.1B | 7.3B | 8.3B | 8.3B |
| Total Liabilities | 1.5M | 1.1B | 1.5B | 1.9B | 3.1B | 4.0B | 6.6B | 5.7B | 6.4B | 6.6B | 7.5B | 7.5B |
| Intangibles | N/A | 9.7M | 9.7M | 9.7M | 9.7M | 9.7M | 9.7M | 9.7M | 9.7M | 9.7M | 9.7M | 9.7M |
| Retained Earnings | N/A | 13M | 26M | 51M | 81M | 121M | 181M | 241M | 316M | 383M | 451M | 451M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | ||||||||||||
| EPS | 1.54 | 1.09 | 2.34 | 3.06 | 3.56 | 4.66 | 6.45 | 5.29 | 6.91 | 5.93 | 6.62 | 6.62 |
| Owner EPS | 1.58 | 2.49 | 5.78 | 2.83 | 4.11 | 9.70 | 3.24 | 6.74 | 2.70 | 12.17 | 7.16 | 7.16 |
| Book Value | 27.96 | 23.78 | 45.49 | 31.87 | 35.87 | 40.59 | 60.06 | 51.39 | 59.22 | 64.90 | 69.19 | 69.19 |
| Cash Flow/Share | 2.00 | 3.16 | 6.04 | 3.26 | 4.67 | 10.40 | 4.02 | 7.66 | 3.81 | 13.20 | 8.26 | 6.89 |
| Dividends/Share | N/A | 0.74 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.30 | 0.29 |
| Shares Out. | 2.7M | 4.6M | 5.2M | 8.3M | 8.3M | 8.4M | 9.3M | 11.2M | 11.1M | 11.2M | 10.7M | 10.7M |
| Valuation | ||||||||||||
| P/E Ratio | N/A | N/A | 18.3 | 10.0 | 13.4 | 7.8 | 16.1 | 10.8 | 8.1 | 9.7 | 11.8 | 13.8 |
| P/FCF | N/A | N/A | 7.6 | 10.1 | 12.3 | 3.7 | 29.0 | 9.6 | 17.0 | 4.5 | 10.2 | 11.9 |
| EV/EBIT | N/A | N/A | N/A | 1.0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 5.9 |
| Price/Book | N/A | N/A | 1.0 | 1.0 | 1.3 | 0.9 | 1.8 | 1.1 | 1.0 | 0.9 | 1.1 | 1.3 |
| Price/Sales | N/A | N/A | 3.6 | 5.2 | 3.1 | 1.9 | 3.5 | 3.5 | 1.8 | 1.9 | 2.3 | 1.9 |
| FCF Yield | N/A | N/A | 12.9% | 9.9% | 8.0% | 27.0% | 3.4% | 10.4% | 5.8% | 22.4% | 9.8% | 8.4% |
| Market Cap | N/A | N/A | 226M | 255M | 402M | 308M | 976M | 643M | 627M | 650M | 839M | 978M |
| Avg. Price | N/A | N/A | 42.68 | 44.03 | 39.68 | 32.47 | 67.67 | 80.03 | 40.47 | 48.01 | 67.28 | 91.03 |
| Year-End Price | N/A | N/A | 42.83 | 30.50 | 47.55 | 36.39 | 103.96 | 57.22 | 56.09 | 57.78 | 78.13 | 91.03 |
Metropolitan Bank Holding Corp. passes 5 of 9 quality checks, suggesting mixed fundamentals.
Metropolitan Bank Holding Corp. trades at 13.8x trailing earnings, compared to its 15-year median P/E of 10.8x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 11.2x vs a median of 10.1x. The company's 5-year average ROIC is 10.1%. Total shareholder yield (dividends + buybacks) is 7.8%. At current prices, the estimated annualized return to fair value is +6.5%.
Metropolitan Bank Holding Corp. (MCB) reported annual revenue of $527 million in its most recent fiscal year, based on SEC EDGAR filings.
Metropolitan Bank Holding Corp. (MCB) has a net profit margin of 13.5%. This is a healthy margin.
Metropolitan Bank Holding Corp. (MCB) generated $82 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Metropolitan Bank Holding Corp. (MCB) has a debt-to-equity ratio of 0.01. This indicates a conservatively financed balance sheet.
Metropolitan Bank Holding Corp. (MCB) reported earnings per share (EPS) of $6.62 in its most recent fiscal year.
Metropolitan Bank Holding Corp. (MCB) has a return on equity (ROE) of 9.7%. This indicates moderate shareholder returns.
The Ledger Terminal provides 11 years of financial data for Metropolitan Bank Holding Corp. (MCB), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Metropolitan Bank Holding Corp. (MCB) has a book value per share of $69.19, based on its most recent annual SEC filing.