Metropolitan Bank Q3 Earnings Call Highlights
Metropolitan Bank reported Q3 deposit growth of $589M, with EB-5 deposits contributing 75%. Deposit costs fell 8bps to 2.49%. NIM rose 28bps to 4.36%, but normalized margin was 4.20-4.25%. Management expects Q4 NIM of 4.15-4.20%. Charge-offs were 18bps, and nonperforming loans were below 1%. Noninterest income rose 15%, and expenses fell 4.5%. The bank plans AI investments, branch expansions, and a gaming payments platform. It repurchased $10M in shares and has $40M remaining.




