Metropolitan Bank Holding Corp. · NYSE:MCB
Metropolitan Bank — Q1 2025 Earnings Presentation
29 slides from Metropolitan Bank's earnings presentation, Apr 21, 2025
Slide 1: 1Q 2025 Investor Presentation
1Q 2025 Investor Presentation
Slide 2: Contents
Contents 1 Page Disclosure 2 Relationship Driven Commercial Bank 3 Performance Metrics 5 Loans and Deposits 11 Modern Banking in Motion Digital Transformation 20 Selected Financial Information 23
Slide 3: Disclosure
Disclosure 2 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 future financial condition and capital ratios, results of operations an
Slide 4: Relationship Driven Commercial Bank
Relationship Driven Commercial Bank 3
Slide 5: Relationship Driven Commercial Bank with Strong Client Execution
Relationship Driven Commercial Bank with Strong Client Execution • Our Business Bankers have deep knowledge and expertise across multiple industries (e.g. law firms, resident healthcare, real estate property management, U.S. Trustee and Municipalities). • Full suite of retail financial service produ
Slide 6: Performance Metrics
Performance Metrics cart eropolitan (iy nce
Slide 7: Organic Growth Outpacing Peers Since 2017 IPO
Source: FactSet, S&P Global Market Intelligence 1 CAGR from December 31, 2017 through December 31, 2024. 1* KRX and NYC Middle Market-Banks include growth resulting from acquisitions. 2 KRX Index represents median performance of the KBW Regional Banking Index constituents. 3 Includes BRKL, CNOB, DCO
Slide 8: Share Price Performance and Valuation
Source: Bloomberg, FactSet, S&P Global Market Intelligence 1 Includes BRKL, CNOB, DCOM, FFIC, OCFC, PFS and VLY. 2 Cumulative shareholder return (change in stock price plus reinvested dividends). Share Price Performance and Valuation 50 100 150 200 250 300 3/30/2023 7/13/2023 10/26/2023 2/8/2024 5/2
Slide 9: Track Record of Strong Operating Performance
Track Record of Strong Operating Performance 1 Annualized. 2 Return on average tangible common equity ("ROATCE") is a non-GAAP financial measure. See reconciliation to GAAP measure on slide 28. 3 CAGR from December 31, 2017 through March 31, 2025. Strong Book Value Growth Since IPO Tangible Book Val
Slide 10: Well Managed Net Interest Margin
$53.6 $57.0 $59.7 $61.5 $65.2 $66.6 $67.0 3Q 2023 4Q 2023 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 9 1 Represents effective average daily Fed Funds rate. Well Managed Net Interest Margin Net Interest Margin Analysis Estimated Sensitivity of Annual Net Interest Income March 31, 2025 Net Interest Incom
Slide 11: Highly Liquid and Resilient Balance Sheet
30.9% 30.5% 28.4% 22.3% 21.5% 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 $6.2 $6.2 $6.3 $6.0 $6.4 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 8.9% 9.4% 9.5% 9.9% 9.6% 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 Highly Liquid and Resilient Balance Sheet 75% Insured deposits Deposits ($ bn) TCE/TA Ratio1 Non-int
Slide 12: Loans and Deposits
Loans and Deposits contcerapoliton C5) | ce 1
Slide 13: Loan Portfolio Growth and Diversification
12 1 Gross of deferred fees and unamortized costs. 2 Certain prior period amounts adjusted to conform to current presentation. 3 Excludes owner-occupied. 4 Mobile Home Parks, Residential Condos/Co-ops, Temporary Shelters, Religious Orgs., Parking Lots and Garages, Restaurants and Entertainment Facil
Slide 14: Relationship-Based Commercial Real Estate Lending
19% 17% 11% 9% 8% 8% 4% 3% 21% 19% Manhattan 17% Florida 11% Brooklyn 9% Bronx 8% Queens 8% New Jersey 4% Long Island 3% Other NY 21% Other States 41% 8% 8% 8% 7% 6% 4% 3% 15% 41% Skilled Nursing Facilities 8% Multifamily 8% Office 8% Hospitality 7% Retail 6% Mixed Use 4% Land 3% Warehouse 15% Other
Slide 15: Commercial & Industrial Growth Driven by Expertise in Specific Lending Verticals
$265 $266 $269 $273 $258 $236 $258 $248 $238 $249 $125 $121 $152 $159 $154 $126 $127 $119 $117 $116 $75 $71 $70 $69 $66 $56 $58 $63 $64 $67 $42 $41 $30 $29 $30 $132 $163 $119 $97 $105 $1,057 $1,105 $1,070 $1,046 $1,045 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 Other Manufacturing Wholesale Services Ot
Slide 16: Diversified CRE and C&I Healthcare Portfolio
C&I Healthcare Composition | March 31, 2025 Diversified CRE and C&I Healthcare Portfolio • Active in Healthcare lending since 2002. • No realized losses since 2002. No deferrals during the pandemic. • Stabilized SNF – 70% of CRE SNF portfolio. Stabilized facilities provide cash flows adequate to sup
Slide 17: Geographically Diversified Skilled Nursing Facility Portfolio
C&I Skilled Nursing Facility Exposure by State March 31, 2025 Geographically Diversified Skilled Nursing Facility Portfolio CRE Skilled Nursing Facility Exposure by State March 31, 2025 35% 24% 10% 6% 5% 20% 35% Florida 24% New York 10% New Jersey 6% Indiana 5% Ohio 20% Other States 47% 18% 14% 7% 5
Slide 18: Conservatively Underwritten, Geographically Diversified CRE Office Portfolio
Conservatively Underwritten, Geographically Diversified CRE Office Portfolio 17 Office by Region March 31, 2025 44% 11% 5% 28% 10% 44% Manhattan 11% Brooklyn 5% Queens 2% Bronx 28% NY Metro Area (outside NYC) 10% Non NY Metro Area Overview March 31, 2025 • Total Office loans: $413mm • Weighted avera
Slide 19: Conservatively Underwritten Multi-family Portfolio
18 Conservatively Underwritten Multi-family Portfolio Overview March 31, 2025 | $ millions Stabilized1 Maturity Schedule March 31, 2025 | $ millions Origination Vintage March 31, 2025 • Total Multi-family loans: $389mm • Weighted average LTV of 50% • Recourse on 51% of Total; recourse on 100% of Tra
Slide 20: Deposit Verticals Composition and Total Deposits
$1,803 $1,810 $1,880 $2,011 $2,135 $1,135 $1,055 $1,091 $1,108 $1,235 $298 $298 $311 $305 $300 $989 $1,059 $1,193 $1,217 $1,269 $940 $892 $770 $92 $757 $758 $723 $858 $988 $316 $298 $302 $392 $522 $6,238 $6,170 $6,270 $5,983 $6,449 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 EB-5, Title & Escrow, & Char
Slide 21: Modern Banking in Motion Digital Transformation
Modern Banking in Motion Digital Transformation 20
Slide 22: Modern Banking in Motion Digital Transformation
2024 2025 Service Description Partners Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Payments Hub (Wires) Payments Hub (ACH) Payments Hub (FedNow) Commercial Loans Servicing Enterprise Datawarehouse Digital Banking (Consumers) Digital Banking (Commercial) Fraud Risk Management Core Processing Contact Center / Core servic
Slide 23: Digital Transformation Partners
Modern Banking in Motion Digital Transformation Partners 22 Partners Service Areas About Finzly provides a modern, cloud-based, API-enabled operating system that serves as a parallel payment processing platform to a bank's core. Finzly offers a wide range of turnkey banking solutions, including a mu
Slide 24: Selected Financial Information
Selected Financial Information 23
Slide 25: Proven High Growth Business Model
Proven High Growth Business Model Loans1 | $ millions $3,830 $6,436 $5,278 $5,737 $5,983 $6,449 2020 2021 2022 2023 2024 1Q 2025 Deposits | $ millions $142 $181 $256 $251 $277 $71 2020 2021 2022 2023 2024 1Q 2025 Revenue | $ millions $39 $60 $59 $77 $67 $16 2020 2021 ĩ Ī ī 1Q 2025 Net In
Slide 26: Highly Profitable, Scalable Model
Return on Average Assets Highly Profitable, Scalable Model 1 Non-GAAP financial measures. See reconciliation on slide 28. 2 Total non-interest expense divided by Total revenues. 3 Includes a $35.0 million charge for a regulatory settlement reserve. 4 Includes a $5.5 million reversal of the regulator
Slide 27: Credit Metrics
0.20% 0.28% 0.00% 0.92% 0.54% 0.54% 2020 2021 2022 2023 2024 1Q 2025 Non-Performing Loans/Loans Credit Metrics NCOs/Average Loans ACL/Loans Non-Performing Loans/ACL 0.01% 0.13% 0.00% 0.02% 0.00% 0.00% 2020 2021 2022 2023 2024 YTD 2025 1.13% 0.93% 0.93% 1.03% 1.05% 1.07% 2020 2021 2022 2023* 2024 1Q
Slide 28: Capital Ratios
Capital Ratios* Common Equity Tier 1 Capital Ratio 10.1% 14.1% 12.1% 11.5% 11.9% 11.4% 2020 2021 2022¹ 2023² 2024³ 1Q 2025 Minimum to be "Well Capitalized" (8%) * These capital ratios are for Metropolitan Bank Holding Corp. 1 Includes a $35.0 million charge for a regulatory settlement reserve. 2 Inc
Slide 29: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures 1 Tangible common equity divided by common shares outstanding at period-end. 2 Total revenues equal net interest income plus non-interest income. In addition to the results presented in accordance with Generally Accepted Accounting Principles (“GAAP”), thi
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