Metropolitan Bank Holding Corp. · NYSE:MCB
Metropolitan Bank — Q4 2020 Earnings Presentation
29 slides from Metropolitan Bank's earnings presentation, Jan 21, 2021
Slide 1: 4Q 2020 Investor Presentation
4Q 2020 Investor Presentation
Slide 2: Disclosure
Disclosure This presentation contains “forward-looking state-ments” within the meaning of the Private Securities Litigation Reform Act of 1995. Examples of for-ward-looking statements include but are not limited to the Company’s financial condition and capital ratios, results of operations and the C
Slide 3: A Diversified Financial Institution
How We Succeed A Diversified Financial Institution Our Unique Product Offerings and Solutions 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 Commercial Lend
Slide 4: Delivering Financial Results
How We Succeed Delivering Financial Results Financial Highlights Record full year 2020 net income and diluted earnings per common share of $39.5 million and $4.66, respectively Year-to-date (“YTD”) return on average tangible common equity (“ROATCE”)* of 12.9% Total pre-tax, pre-provision income* up
Slide 5: Strong Balance Sheet Growth
How We Succeed Strong Balance Sheet Growth Assets at December 31, 2020 | $ millions Loans, Net of Deferred Fees at December 31, 2020 | $ millions $3,358 $4,331 $2,647 $3,101 $768 $965 $1,220 $1,760 $2,183 $627 $810 $1,043 $1,405 $1,846 2014 2015 2016 2017 2018 2019 2020 2014 2015 2016 2017 2018 2019
Slide 6: Strong Growth in Revenue
How We Succeed Strong Growth in Revenue Total Revenues at December 31, 2020 | $ thousands Global Payments Group (“GPG”) $141,924 $8,464 $108,239 $5,643 $26,286 $1,551 $24,735 2014 $31,920 $2,568 $29,352 2015 $43,489 $2,926 $40,563 2016 $63,382 $3,369 $60,013 2017 $83,384 $4,640 $78,744 2018 $102,596
Slide 7: Stable Net Interest Margin
How We Succeed Stable Net Interest Margin Net Interest Margin Analysis at December 31, 2020 3.38% 0.25% 3.36% 0.26% 3.53% 0.51% 3.52% 1.10% 3.70% 1.91% 3.46% 2.28% 3.26% 0.54% MCB Net Interest Margin (“NIM”) Average Fed Funds Rate 2014 2015 2016 2017 2018 2019 2020 6
Slide 8: Loan Portfolio Growth and Diversification
How We Succeed Loan Portfolio Growth and Diversification $3.14 billion Loan Portfolio at December 31, 2020 | $ millions $2,995 $3,142 $118 Total CRE1 (Non-Owner Occupied) Total CRE (Owner A Diversified Portfolio at December 31, 2020 CRE – Non-Owner Occupied CRE – Owner Occupied C&I Multifamily $2,50
Slide 9: Commercial Growth Driven by Expertise in Specific Lending Verticals
How We Succeed Commercial Growth Driven by Expertise in Specific Lending Verticals General Commercial and Industrial OverviewC&I Composition at December 31, 2020 41% Healthcare Target Market Middle market businesses with annual revenues below $200 million Primarily concentrated in the New York MSA W
Slide 10: Relationship-Based Commercial Real Estate Lending
How We Succeed Relationship-Based Commercial Real Estate Lending 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 peaked at 51 basis
Slide 11: Well-Developed, Sector Diversified Healthcare Portfolio
How We Succeed Well-Developed, Sector Diversified Healthcare Portfolio Active in Healthcare lending since 2002 CRE – Skilled Nursing Facilities (SNF) – Average LTV of 68% Highly selective regarding the quality of Skilled Nursing Operators that we finance Borrowers typically have over 1,000 beds unde
Slide 12: Well-Developed, Geographically Diversified Skilled Nursing Facility Portfolio
How We Succeed Well-Developed, Geographically Diversified Skilled Nursing Facility Portfolio CRE Skilled Nursing Facility Exposure by StateC&I Skilled Nursing Facility Exposure by State 4% 4% 32% 4% 4% 5% 32% New York 18% Florida 8% Pennsylvania 6% Massachusetts 5% California 5% Tennessee 4% Indiana
Slide 13: Credit Metrics
How We Succeed Credit Metrics at December 31, 2020 NCOs/Average Loans (Annualized) Non-Performing Loans/Loans 0.66% 0.33% 0.35% 0.32% 0.26% 0.24% 0.17% 0.20% 0.00% 0.00% -0.06% -0.13% 0.00% 0.02% 2014 2015 2016 2017 2018 2019 2020 2014 2015 2016 2017 2018 2019 2020 ALLL/LoansNon-Performing Loans/ALL
Slide 14: Deposit Composition
How We Succeed Deposit Composition Deposits $3.82 billion at December 31, 2020 12% 33% DDA (excl. Corporate Cash Management) 30% Corporate Cash Management MMA 22% MMA (excl. Corporate Deposit Composition Over Time at December 31, 2020 | $ millions $3,819 $3,395 $221 $3,022 $106 $173 $318 $129 $219 $
Slide 15: Well Positioned for Changing Rate Environment
How We Succeed Well Positioned for Changing Rate Environment Estimated Sensitivity of Projected Annualized Net Interest Income as of September 30, 2020 Fixed vs. Floating Rate Loans at December 31, 2020 -100 bps+100 bps+200 bps 4.92% Note: Given the recent decreases in market interest rates, the Ban
Slide 16: Singular Focus: Digital Payments Worldwide, Every Day
Global Payments Group Singular Focus Digital Payments Worldwide, Every Day 15
Slide 17: Strong Growth in Revenue: Non-Interest Income
How We Succeed | Global Payments Group Strong Growth in Revenue Non-Interest Income at December 31, 2020 | $ thousands 99% 57%54%30%38%53% 50% Global Payments Non-Interest Income (% of Total Non-Interest Income ) $8,464 $5,643 $4,640 $2,568 $2,926 $3,369 $1,551 2014 2015 2016 2017 2018 2019 2020 16
Slide 18: Customer Centric Digital Payments Worldwide
How We Succeed | Global Payments Group Customer Centric Digital Payments Worldwide at December 31, 2020 | Unaudited Clients 146 160 More than Active Customers millions 2.05 94with offices on six continents customers across 200 countries 1.16 1.30 2018 2019 2020 2018 2019 2020 Client Transactions mil
Slide 19: Who Are Our Payment Clients?
How We Succeed | Global Payments Group Who Are Our Payment Clients? 18
Slide 20: Delivering Critical Financial Infrastructure, Every Day
How We Succeed | Global Payments Group Delivering Critical Financial Infrastructure, Every Day 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 their cust
Slide 21: Industry and Product Diversification
How We Succeed | Global Payments Group Industry and Product Diversification at December 31, 2020 | Unaudited 16 Digital Products 25.9% ACH Processing and Settlement 16.1% Card Present Debit Card 11.5% Digital Assets Settlement 9.8% Mobile Payment 20 Digital Industries Online Gambling and Gaming comb
Slide 22: Contributions to Deposits
How We Succeed | Global Payments Group Contributions to Deposits Total Average Deposits at December 31, 2020 | $ millions $616.1 $391.4 $410.3 $439.0 $157.6 $77.9 $25.9 2014 2015 2016 2017 2018 2019 2020 21
Slide 23: Appendix
Appendix commerce Bark G2) | Se Entrepreneurial 22
Slide 24: A Diversified Financial Institution: More than a Commercial Bank
How We Succeed A Diversified Financial Institution We are More than a Commercial Bank Our Mission To offer a full range of banking and innovative financial services to businesses and individuals embracing the new digital banking era. Serve markets underserved by the ever-consolidating financial serv
Slide 25: Delivering Critical Financial Infrastructure, Every Day
How We Succeed | Global Payments Group Delivering Critical Financial Infrastructure, Every Day U.S. Treasury Government Payments Corporate Prefund Network Loads WU, MG GD Direct Deposits/ ACH Loads Other Load Types MG, WU, GD, VRL, MCR Law Firms Payouts for Legal Settlements Pension Companies Public
Slide 26: Partner with the Leading Processors and Payment Processing Networks
How We Succeed | Global Payments Group Partner with the Leading Processors and Payment Processing Networks, Every Day Leading ProcessorsLeading Payment Processing Networks 25
Slide 27: Tending to Our Diverse Digital Payment Products Ecosystem
How We Succeed | Global Payments Group Tending to Our Diverse Digital Payment Products Ecosystem, Every Day Peer-To-Peer (P2P) Payments Paying in for Sally’s wedding gift was easier than deciding what the gift should be. Push Payments – Real Time Domestic and International Foreign travel is exciting
Slide 28: Securing Our Place in a Diverse Digital Payment Industry Complex
How We Succeed | Global Payments Group Securing Our Place in a Diverse Digital Payment Industry Complex, Every Day Auto Consumer Lending Corporate Accounts Payable Management Corporate Payroll Correspondent Banking Criminal Justice and Corrections Crypto Currency Financial Services to the Unbanked/U
Slide 29: Reconciliation of GAAP to Non-GAAP Measures
How We Succeed Reconciliation of GAAP to Non-GAAP Measures $ thousands, except per share data Dec 31, 2020Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Dec 31, 2020 Dec 31, 2019 In addition to the results presented in Average assets $ 4,153,908$ 4,026,366 $ 3,812,225 $ 3,454,335 $ 3,286,916 $
Metropolitan Bank Holding — Q4 2020 Earnings Presentation on 6ix