Metropolitan Bank Holding Corp. · NYSE:MCB
Metropolitan Bank — Q3 2020 Earnings Presentation
23 slides from Metropolitan Bank's earnings presentation, Oct 22, 2020
Slide 1: Investor Presentation 2020 Q3
Investor Presentation 2020 Q3
Slide 2: Forward-looking Statement
Forward-looking Statement 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 operati
Slide 3: Company Overview
Company Overview Full service commercial bank since 1999 with goal of helping our clients build and sustain wealth Business model combines high-touch service and relationship-based focus of a community bank with extensive suite of financial products and servicesExpertise in Commercial Real Estate (“
Slide 4: Loan and Deposit Portfolio
Loan and Deposit Portfolio Metropolitan Commercial Bank Multi-family loans – 49% rent regulatedCRE/RBC ratios: MCB 417.3%CRE Owner-occupied is a segment of our C&I Lending platform Loan Portfolio at September 30, 2020$2.99 Billion Deposits at September 30, 2020$3.53 Billion Corporate cash management
Slide 5: Quarterly Revenues, Profitability and Asset Quality
Quarterly Revenues, Profitability and Asset Quality *annualizedFirst quarter 2020 results included a provision in the amount of $3.1 million recorded for the economic impact of COVID-19, excluding this reserve, net income would have been $8.2 million.First quarter 2020 provision for loan losses and
Slide 6: Net Interest Margin Analysis
Net Interest Margin Analysis Net Interest Margin Components ▬ NIM ▬ Yield on Interest-Earning Assets ▬ Rate on Interest-Bearing Liabilities
Slide 7: Non-interest Income and Expense Detail
Non-interest Income and Expense Detail Non-Interest Income ($000s) Non-Interest Expense ($000s) (1) Includes expenses related to additional leased space at the Company’s headquarter in the amounts of $615,000 for the first and second quarters of 2020 and the fourth quarter of 2019; and $400,000 for
Slide 8: Balance Sheet and Capital
Balance Sheet and Capital *Metropolitan Bank Holding Corp. and Metropolitan Commercial Bank meet all the requirements to be considered “Well-Capitalized” under applicable regulatory guidelines at each date shown.
Slide 9: Strong Balance Sheet Growth
Strong Balance Sheet Growth Deposits ($mm) Total Equity ($mm) Assets ($mm) Loans, Net of Deferred Fees ($mm) 38.5% 39.1% 41.4% 45.0% 44.0% ■ % Non-interest Demand Deposits Total cost of deposits including DDA – 0.30%Cost of interest-bearing deposits – 0.56%
Slide 10: Robust Organic Loan Growth within a Diversified Portfolio
Robust Organic Loan Growth within a Diversified Portfolio (1) Includes commercial real estate, multifamily, and construction loans ■ Total CRE(1) (Non-Owner Occupied) ■ Total CRE (Owner Occupied) ■ C&I ■ Other The Bank’s loan production for the three and nine months ended September 30, 2020 was $183
Slide 11: Commercial Growth Driven by Expertise in Specific Lending Verticals
Commercial Growth Driven by Expertise in Specific Lending Verticals General Commercial and Industrial Overview C&I Composition at September 30, 2020 Target Market Key Metrics Middle market businesses with annual revenues below $200mmPrimarily concentrated in the New York MSAWell-diversified across i
Slide 12: Relationship-based Commercial Real Estate Lending
Relationship-based Commercial Real Estate Lending Composition by Type at September 30, 2020 Composition by Region at September 30, 2020 Overview Target Market Key Metrics New York metropolitan area real estate entrepreneurs with a net worth in excess of $5 millionPrimarily concentrated in the New Yo
Slide 13: NYC Stabilized Multi-family Loan Portfolio
NYC Stabilized Multi-family Loan Portfolio MCB multi-family loans underwritten to current cash flows – weighted average DCR of 1.78 on stabilized rent regulated properties Average LTV of 45.32% on stabilized rent regulated properties provide a cushion against falling values
Slide 14: Well-Developed, Diversified Healthcare Portfolio
Well-Developed, Diversified Healthcare Portfolio Active in Healthcare lending since 2002CRE – SNF – Average LTV of 68%Highly selective regarding the quality of Skilled Nursing Operators that we financeBorrowers typically have over 1,000 beds under managementLoans are made only in “certificate of nee
Slide 15: Healthcare Portfolio: CRE Skilled Nursing Facility Exposure By State
Well-Developed, DiversifiedHealthcare Portfolio CRE Skilled Nursing Facility Exposure By State
Slide 16: Healthcare Portfolio: C&I Skilled Nursing Facility Exposure By State
Well-Developed, DiversifiedHealthcare Portfolio C&I Skilled Nursing Facility Exposure By State State Balance ($000's) % of Total C&I SNF Florida 2,548 3% Georgia/Indiana/Wisconsin/Virginia/Ohio/Kentucky 8,230 8% New Jersey 4,063 4% New York 48,336 49% Pennsylvania 11,803 12% Tennessee 23,238 24% Tot
Slide 17: Credit Metrics
Credit Metrics ALLL/Loans Non-Performing Loans/ALLL NCOs/Average Loans (Annualized) Non-Performing Loans/Loans
Slide 18: Deposit Composition
Deposit Composition (1) Includes liquidation, receivership, litigation settlement and other fiduciary accounts. Deposit Composition at September 30, 2020 Deposit composition over time ($mm)
Slide 19: Well Positioned for Changing Rate Environment
Well Positioned for Changing Rate Environment Estimated Sensitivity of Projected Annualized Net Interest Income as of June 30, 2020 Fixed vs. Floating Rate Loans at September 30, 2020 Approximately 67.29% of floating rate loans have floors – Weighted average floor of 5.06% ■ Net Interest Income Note
Slide 20: Outlook: Loan and Deposit growth, Margin Expansion, Operating Leverage
Outlook: Loan and Deposit growth, Margin Expansion, Operating Leverage Loan Growth Core Deposit Funding Performance Maintain a diversified commercial real estate portfolio Maintain CRE concentration below our internal limitsCapture market share from larger competitors through differentiated service
Slide 21: Appendix
Metropolitan nce Commercial Bank. oe ‘The Entrepreneurial Bank Since 1999 SE Appendix
Slide 22: MCB Selected Global Payment Clients
MCB Selected Global Payment Clients Debit Card For teens with parental spending controls and financial literacy lessons Metropolitan Commercial BankIssuing Bank Debit Card Premier mobile service provider in the Caribbean and Central America for money transfer Metropolitan Commercial BankIssuing Bank
Slide 23: MCB Selected Global Payment Clients
MCB Selected Global Payment Clients Debit Card Issuer of debit cards linked to margin accounts for the largest U.S. electronic brokerage firm Metropolitan Commercial BankIssuing Bank Payments PlatformProviding global payment services via banking relationships throughout the world Metropolitan Commer
Metropolitan Bank Holding — Q3 2020 Earnings Presentation on 6ix