Metropolitan Bank Holding (Metropolitan Bank Holding) Credit Losses Provision : $12.2 Mil (As of Mar. 2024)

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What is Metropolitan Bank Holding Credit Losses Provision?

Metropolitan Bank Holding's credit losses provision for the three months ended in Mar. 2024 was $0.5 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $12.2 Mil.

Metropolitan Bank Holding's quarterly credit losses provision increased from Sep. 2023 ($0.8 Mil) to Dec. 2023 ($6.5 Mil) but then declined from Dec. 2023 ($6.5 Mil) to Mar. 2024 ($0.5 Mil).

Metropolitan Bank Holding's annual credit losses provision increased from Dec. 2021 ($3.8 Mil) to Dec. 2022 ($10.1 Mil) and increased from Dec. 2022 ($10.1 Mil) to Dec. 2023 ($12.3 Mil).

Metropolitan Bank Holding Credit Losses Provision Historical Data

The historical data trend for Metropolitan Bank Holding's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Metropolitan Bank Holding Credit Losses Provision Chart

Metropolitan Bank Holding Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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4.22

9.49

3.82

10.12

12.28

Metropolitan Bank Holding Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															0.65	4.31	0.79	6.54	0.53

Metropolitan Bank Holding Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $12.2 Mil.

Metropolitan Bank Holding (Metropolitan Bank Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Metropolitan Bank Holding Corp (NYSE:MCB) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

99 Park Avenue, New York, NY, USA, 10016

Website

https://www.mcbankny.com

Metropolitan Bank Holding Corp is a bank holding company. It provides a broad range of business, commercial and retail banking products and services to small businesses, middle-market enterprises, public entities and individuals in the New York metropolitan area. The services provided by the company include deposits, trade finance, cash management solutions, savings, electronic banking, cards, and others. The company also provides various lending products such as acquisition loans, construction loans, and lines of credit, retail, office, hospitality, multifamily, mixed-use, warehouse and distribution, and specialty use properties. The bank derives its revenue in the form of interest incomes on loans.

Executives

Daniel F Dougherty	officer: EVP & CFO	99 PARK AVENUE, NEW YORK NY 10016
Gerald David Bonnar	officer: SVP, Controller, CAO & PAO	99 PARK AVENUE, NEW YORK NY 10016
Frederik F Erikson	officer: EVP & General Counsel	99 PARK AVENUE, NEW YORK NY 10016
David J Gold	director	99 PARK AVENUE, NEW YORK NY 10016
Terence J Mitchell	director	99 PARK AVENUE, NEW YORK NY 10016
Dale C Fredston	director	99 PARK AVENUE, NEW YORK NY 10016
Wolf George J Jr	director	99 PARK AVENUE, NEW YORK NY 10016
Mark R Defazio	director, officer: President and CEO	99 PARK AVENUE, NEW YORK NY 10016
Harvey Gutman	director	99 PARK AVENUE, NEW YORK NY 10016
Maria F Ramirez	director	99 PARK AVENUE, NEW YORK NY 10016
Scott Lublin	officer: EVP and CLO	99 PARK AVENUE, NEW YORK NY 10016
Anthony J Fabiano	officer: EVP and CFO	99 PARK AVENUE, NEW YORK NY 10016
Nick Rosenberg	officer: EVP and CTO	99 PARK AVENUE, NEW YORK NY 10016
Norman Scott	officer: SVP and CCO	99 PARK AVENUE, NEW YORK NY 10016
Katrina Robinson	director	99 PARK AVENUE, NEW YORK NY 10016