![Metropolitan Bank Holding Corp. [MCB] reports annual net loss of $77.3 million](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FMCB.png&w=3840&q=75)
Metropolitan Bank Holding Corp. [MCB] reports annual net loss of $77.3 million
Company Reports Revenue of $375.4 million
Metropolitan Bank Holding Corp. [MCB] has reported a net loss of $77.3 million for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $375.4 million
Based in NEW YORK, New York, Metropolitan Bank Holding Corp. operates in the FINANCE sector.
In the consolidated statements of operations for the fiscal year ending December 31, 2023, compared to the same period in the previous year, the financial performance showed the following key highlights:
- Interest and dividend income saw an increase to $375.4 million in 2023 from $260.7 million in 2022 and $173.3 million in 2021.
- Net interest income, after provisions for credit losses, amounted to $210.6 million in 2023, slightly lower than the $219 million reported in 2022 but significantly higher than the $153.2 million recorded in 2021.
