Metropolitan Bank Holding Corp. · NYSE:MCB
Metropolitan Bank — Q1 2021 Earnings Presentation
34 slides from Metropolitan Bank's earnings presentation, Apr 22, 2021
Slide 1: Q1 2021 Investor Presentation
1 Q 2021 Investor Presentation
Slide 2: Disclosure
Disclosure 1 This presentation contains “forward - looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Examples of forward - looking statements include but are not limited to the Company’s financial condition and capital ratios, results of operations and t
Slide 3: A Diversified Financial Institution
A Diversified Financial Institution Our Unique Product Offerings and Solutions How We Succeed 2 Personal Banking • Broad range of hallmark personal checking and savings accounts • A full suite of electronic banking services that allow clients to easily manage their everyday financing needs Business
Slide 4: Delivering Financial Results
Delivering Financial Results How We Succeed 3 *Non - GAAP financial measure. See reconciliation to GAAP measure at the end of the presentation. 1 Annualized Financial Highlights • Q1 2021 net income and diluted earnings per common share of $12.1 million and $1.43, respectively • Year - to - date (“Y
Slide 5: Strong Balance Sheet Growth
Strong Balance Sheet Growth How We Succeed 4 Assets at March 31, 2021 | $ millions Loans, Net of Deferred Fees and Allowance for Loan Losses at March 31, 2021 | $ millions Deposits at March 31, 2021 | $ millions Total Equity at March 31, 2021 | $ millions $768 $965 $1,220 $1,760 $2,183 $3,358 $4,331
Slide 6: Strong Growth in Revenue
Strong Growth in Revenue How We Succeed 5 Total Revenues at December 31, except 2021, which is at March 31, | $ thousands $24,735 $29,352 $40,563 $60,013 $78,744 $102,596 $133,460 $35,750 $1,551 $2,568 $2,926 $3,369 $4,640 $5,643 $8,464 $3,267 2014 2015 2016 2017 2018 2019 2020 1Q 2021 $39,017 $26,2
Slide 7: Stable Net Interest Margin
3.38% 3.36% 3.35% 3.52% 3.70% 3.46% 3.26% 3.00% 0.25% 0.26% 0.51% 1.10% 1.91% 2.28% 0.54% 0.25% 2014 2015 2016 2017 2018 2019 2020 1Q 2021 Stable Net Interest Margin How We Succeed 6 Net Interest Margin Analysis at March 31, 2021 MCB Net Interest Margin ("NIM") 1 Average Fed Funds Rate 2 1 Represent
Slide 8: Loan Portfolio Growth and Diversification
Loan Portfolio Growth and Diversification How We Succeed 7 1 Includes commercial real estate, multifamily and construction loans. 2 Includes consumer and 1 - 4 family loans $3.24 billion Loan Portfolio at March 31, 2021 | $ millions A Diversified Portfolio at March 31, 2021 • Multifamily loans – 36.
Slide 9: Commercial Growth Driven by Expertise in Specific Lending Verticals
Commercial Growth Driven by Expertise in Specific Lending Verticals How We Succeed 8 General Commercial and Industrial Overview C&I Composition at March 31, 2021 Target Market • Middle market businesses with annual revenues below $200 million • Primarily concentrated in the New York MSA • Well - div
Slide 10: Relationship-Based Commercial Real Estate Lending
Relationship - Based Commercial Real Estate Lending How We Succeed 9 Target Market • New York metropolitan area real estate entrepreneurs with a net worth in excess of $5 million • Primarily concentrated in the New York MSA • Well - diversified across various property types Key Metrics • Losses peak
Slide 11: Well-Developed, Sector Diversified Healthcare Portfolio
Well - Developed, Sector Diversified Healthcare Portfolio How We Succeed 10 • Active in Healthcare lending since 2002 • CRE – Skilled Nursing Facilities (“SNF”) – Average LTV of 69% • Highly selective regarding the quality of Skilled Nursing Operators that we finance • Borrowers typically have over
Slide 12: Geographically Diversified Skilled Nursing Facility Portfolio
Well - Developed, Geographically Diversified Skilled Nursing Facility Portfolio How We Succeed 11 CRE Skilled Nursing Facility Exposure by State C&I Skilled Nursing Facility Exposure by State 31% 24% 14% 13% 8% 7% 3% 31% New York 24% Tennessee 14% Pennsylvania 13% District of Columbia 8% New Jersey
Slide 13: Credit Metrics
Credit Metrics at March 31, 2021 How We Succeed 12 NCOs/Average Loans (Annualized) Non - Performing Loans/Loans ALLL/Loans Non - Performing Loans/ALLL 0.00% 0.00% 0.66% 0.32% - 0.06% - 0.13% 0.00% 0.11% 2014 2015 2016 2017 2018 2019 2020 1Q 2021 1.25% 1.21% 1.12% 1.05% 1.02% 0.98% 1.13% 1.10% 2014 2
Slide 14: Deposit Composition
Deposit Composition How We Succeed 13 1 Includes liquidation, receivership, litigation settlement and other fiduciary accounts. 2 Includes cost of surety bonds required for certain deposits. Deposits $4.43 billion at March 31, 2021 Deposit Composition Over Time at March 31, 2021 | $ millions Corpora
Slide 15: Well Positioned for Changing Rate Environment
Well Positioned for Changing Rate Environment How We Succeed 14 Estimated Sensitivity of Projected Annualized Net Interest Income 1 as of December 31, 2020 Fixed vs. Floating Rate Loans at March 31, 2021 1 Given the recent decreases in market interest rates, the Bank did not model a 200 - basis poin
Slide 16: Global Payments Group
Global Payments Group 15 Singular Focus Digital Payments Worldwide, Every Day
Slide 17: Client Case Study: Broxel
Client Case Study How We Succeed | Global Payments Group 16 “The B2B and B2C infrastructure Broxel has built in Mexico combined with MCB’s total support infrastructure in the United States is the blueprint for our mutual success.” Gustavo Gutierrez Broxel Overview Broxel is a FinTech leader founded
Slide 18: Client Case Study: CIBanco
Client Case Study How We Succeed | Global Payments Group 17 CIBanco Overview Consultoría Internacional (CI) was established in 1983 and became known as CIBanco in 2008. CIBanco became a signatory of the Equator Principles from the World Bank in 2012 in response to the environmental challenges that t
Slide 19: Client Case Study: Mesh Payments
Client Case Study How We Succeed | Global Payments Group 18 Mesh Payments Overview Corporate HQ New York, NY, International office Tel Aviv, Israel; 20+ employees, privately held company founded in 2018 with VC backers and a recent round of favorable financing; strong growth in the virtual card spac
Slide 20: Client Case Study: Revolut
Client Case Study How We Succeed | Global Payments Group 19 Revolut Overview • A global fintech financial services company • Corporate HQ London, England • International offices including Asia, Europe and Oceania • North American offices, San Francisco, CA and New York, NY • 2,000+ employees revolut
Slide 21: Client Case Study: Voyager Digital
Client Case Study How We Succeed | Global Payments Group 20 Voyager Digital, Ltd CSE: VYGR. CN Overview Voyager: The Fastest - Growing Digital Asset Broker Voyager’s team of established Wall Street and Silicon Valley entrepreneurs is eliminating the roadblocks that currently exist in digital trading
Slide 22: Strong Growth in Revenue: Non-Interest Income
Strong Growth in Revenue How We Succeed | Global Payments Group 21 Non - Interest Income at December 31, except 2021, which is at March 31, | $ thousands $1,551 $2,568 $2,926 $3,369 $4,640 $5,643 $8,464 $3,267 2014 2015 2016 2017 2018 2019 2020 1Q 2021 Global Payments Group Revenue (% of Total Bank
Slide 23: Customer Centric Digital Payments Worldwide
Customer Centric Digital Payments Worldwide How We Succeed | Global Payments Group 22 Client Transactions at March 31, 2021 | Millions Customer $ Volume at March 31, 2021 | Billions $3.96 $3.85 $7.09 $13.04 2018 2019 2020 2021* 38.60 42.30 54.54 65.66 2018 2019 2020 2021* * Annualized Highlights • 1
Slide 24: Who Are Our Payment Clients?
Who Are Our Payment Clients? 23 How We Succeed | Global Payments Group
Slide 25: Delivering Critical Financial Infrastructure, Every Day
Delivering Critical Financial Infrastructure, Every Day How We Succeed | Global Payments Group 24 • Domestic and international digital payments settlements, every day • Gateway to payment networks – Wire, ACH, Visa, Mastercard, Remittance, every day • Custodian of deposits on behalf of clients and t
Slide 26: Diversified Deposit and Revenue Contribution
Diversified Deposit and Revenue Contribution How We Succeed | Global Payments Group 25 Total Average Deposits by Category at March 31, 2021 | Unaudited Total Revenue by Category For the three months ended March 31, 2021 | Unaudited 45% 18% 11% 7% 7% 7% 5% 27% 16% 15% 14% 10% 9% 9% 27% Crypto Exchang
Slide 27: Contributions to Deposits
Contributions to Deposits How We Succeed | Global Payments Group 26 Total Average Deposits at March 31, 2021 | $ millions $25 … $77.9 $157.6 $391.4 $616.1 $410.3 $359.8 $445.1 $79.2 $254.7 2014 2015 2016 2017 2018 2019 2020 1Q 2021 Crypto Deposits $439.0 $699.8 Growth in average deposits in the firs
Slide 28: Appendix
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Slide 29: A Diversified Financial Institution: More than a Commercial Bank
A Diversified Financial Institution We are More than a Commercial Bank 28 How We Succeed 21 - Years of Reliable Asset Quality and Financial Performance • Organic business loan origination platform • Core funded organic deposit franchise • Helping our clients build and sustain generational wealth sin
Slide 30: Delivering Critical Financial Infrastructure, Every Day
Delivering Critical Financial Infrastructure, Every Day 29 U.S. Treasury Government Payments Pension Companies Public and Private Pension Payments Law Firms Payouts for Legal Settlements Other Load Types MG, WU, GD, VRL, MCR Direct Deposits/ ACH Loads Network Loads WU, MG GD Corporate Prefund Adjust
Slide 31: Partner with the Leading Processors and Payment Processing Networks
Partner with the Leading Processors and Payment Processing Networks, Every Day How We Succeed | Global Payments Group 30 Leading Processors Leading Payment Processing Networks
Slide 32: Tending to Our Diverse Digital Payment Products Ecosystem
Tending to Our Diverse Digital Payment Products Ecosystem, Every Day How We Succeed | Global Payments Group 31 Illustrative photography and captions, not actual customers. Accounts Payable/ Expense Management ACH Processing and Settlement Bill Payment Card Present Debit Card Claim Handling and Proce
Slide 33: Securing Our Place in a Diverse Digital Payment Industry
Securing Our Place in a Diverse Digital Payment Industry Complex, Every Day How We Succeed | Global Payments Group 32 Illustrative photography and captions, not actual customers. Auto Consumer Lending Corporate Accounts Payable Management Corporate Payroll Correspondent Banking Criminal Justice and
Slide 34: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non - GAAP Measures How We Succeed 33 *Tangible common equity divided by common shares outstanding at period - end In addition to the results presented in accordance with Generally Accepted Accounting Principles (“GAAP”), this earnings release includes certain non - GAAP fi
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