Metropolitan Bank Holding Corp. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Metropolitan Bank Holding Corp. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue					13.7	23.2	26.9	27.9	23.9	11.1
Interest expense	6.09	8.67	12.7	32.2	18.2	16.3	31.6	153
Pre-tax income	8.06	23.6	36.8	44.1	57.9	89.6	96.9	107	97.1	102
Income tax	3.05	11.2	11.2	13.9	18.5	29	37.5	29.7	30.4	30.4
Net income	5.01	12.4	25.6	30.1	39.5	60.6	59.4	77.3	66.7	71.1
EPS, basic	0.43	2.40	3.12	3.63	4.76	6.64	5.42	6.95	5.97	6.71
EPS, diluted	0.43	2.34	3.06	3.56	4.66	6.45	5.29	6.91	5.93	6.62
Shares, basic (weighted)	3.64	5.07	8.13	8.17	8.22	9.01	10.9	11.1	11.2	10.6
Shares, diluted (weighted)	3.67	5.2	8.29	8.34	8.4	9.27	11.2	11.1	11.3	10.7
Dividend per share										0.30

Balance sheet

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	82.9	261	233	389	864	2,359	257	269	200	394
Property, plant and equipment	5.04	6.27	6.88	12.1	13.5	15.1	31.9	35.1	35	38.3
Lease right-of-use assets							44.3	42.2	47.6	45
Goodwill	9.73	9.73	9.73	9.73	9.73	9.73	9.7	9.7	9.7	9.7
Total assets	1,220	1,760	2,183	3,358	4,331	7,116	6,267	7,068	7,301	8,256
Total liabilities	1,111	1,523	1,918	3,058	3,990	6,559	5,691	6,409	6,571	7,513
Paid-in capital	96.1	211	213	216	219	383	389	396	400	406
Retained earnings	13.5	25.9	51.4	81.4	121	181	241	316	383	451
Treasury stock										-73.5
Other comprehensive income	-0.17	-0.21	-0.47	1.21	0.97	-7.5	-54.3	-52.9	-53.1	-39.7
Shareholders' equity	109	237	264	299	341	557	576	659	730	743
Total equity	109	237	264	299	341	557	576	659	730	743
Total liabilities and equity	1,220	1,760	2,183	3,358	4,331	7,116	6,267	7,068	7,301	8,256
Shares outstanding	4.6	8.2	8.22	8.31	8.3	10.9	10.9	11.1	11.2	10.1

Cash flow statement

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	5.01	12.4	25.6	30.1	39.5	60.6	59.4	77.3	66.7	71.1
Depreciation and amortization	0.79	0.98	1.4	1.6	2.5	2.4	2.5	2.6	2.7	2.9
Stock-based compensation		0.41	2.15	3.07	3.31	4.82	7.84	9.77	8.9	8.93
Deferred income tax	-0.91	0.79	-1.53	-1.87	0.29	-0.12	-4	-2.8	-2.8	-9.26
Change in receivables	-4.55	-1.18	1.08	-0.15
Change in payables	-1.22	10.8	-3.24	5.12	38.1	-25.2
Cash from operations	14.6	31.5	27.1	39	87.3	37.3	85.9	42.4	148	88.7
Capital expenditures	-1.18	-2.21	-1.96
Purchases of investments			-7.69	-227	-234	-485	-33.8	-46.8	-72.8	-199
Sales and maturities of investments	8.38	6.36	5.25	23.1	65	124	76.7	42.3	53.2	108
Cash from investing	-234	-367	-455	-1,015	-489	-1,303	-1,229	-775	-370	-763
Debt issued					11.5	16.6
Stock issued	28.4	115	0.36			163	0.19
Share buybacks		-0.26								-73.5
Dividends paid										-3.12
Cash from financing	236	513	399	1,132	877	2,761	-958	745	152	868
Net change in cash	17.3	178	-28.3	156	475	1,495	-2,102	12	-69.2	193
Free cash flow	13.4	29.3	25.1
Interest paid	6.18	8.15	12.2	32.2	18.7	16.2	31.6	151	215	212
Income taxes paid	5.27	8.79	13.8	15.2	19.1	24.2	35.3	36.2	34.8	25.9

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $89.60 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Pre-tax margin	1,227.0%	Pre-tax income / revenue.
Net margin	860.0%	Net income / revenue.
Operating cash flow margin	1,060.0%	Cash from operations / revenue.
Effective tax rate	29.9%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	8.9%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	1.0%	Net income / average total assets.
Stock-based pay / revenue	118.2%	Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue	-122.8%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-53.8%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-25.6%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	-4.2%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	6.6%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	6.2%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	12.5%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	11.6%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	7.8%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	7.3%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-40.3%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	1.1%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	0.3%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	1.8%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	8.9%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	16.9%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	13.1%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	9.6%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	13.8%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-4.6%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-1.4%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	5.0%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Liabilities / assets	89.1%	Total liabilities / total assets.
Tangible book value	$968.2M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.00x	Revenue / average total assets.

Per share

Metric	Value	How it is calculated
EPS, diluted	$6.92	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$0.80	Revenue / diluted weighted shares.
Operating cash flow per share	$8.53	Cash from operations / diluted weighted shares.
Book value per share	$78.11	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$78.11	Tangible book value / shares outstanding.
Cash per share	$19.30	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$1.11B	Share price x shares outstanding.
Enterprise value	$871.6M	Market cap + total debt - cash - short-term investments.
P/E	12.8x	Market cap / net income. Only when net income is positive.
P/S	110x	Market cap / revenue.
P/B	1.15x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.15x	Market cap / tangible book value, when positive.
P/OCF	10.4x	Market cap / cash from operations, when positive.
EV/Sales	86.5x	Enterprise value / revenue.
Earnings yield	7.8%	Net income / market cap (the inverse of P/E).
Shareholder yield	3.0%	(Dividends paid + share buybacks) / market cap.
PEG	1.65x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was Metropolitan Bank Holding Corp.'s revenue in fiscal 2025?

Metropolitan Bank Holding Corp. reported revenue of $11.1M for fiscal 2025, 53.8% lower than the year before.

Was Metropolitan Bank Holding Corp. profitable in fiscal 2025?

Yes. Net income was $71.1M, a net margin of 643.2%.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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