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Fredston Dale C, a director at Metropolitan Bank Holding Corp. (NYSE:MCB), recently executed a significant stock transaction. On February 13, Fredston sold 1,000 shares of common stock at a price of $62.27 per share, resulting in a total transaction value of $62,270. The sale occurred as MCB’s stock has shown strong momentum, with a 27% gain over the past six months according to InvestingPro data. Following this sale, Fredston’s direct holdings in the company decreased to 17,668 shares, which includes restricted stock units that are set to vest on January 27, 2026.
In addition to the sale, Fredston made a charitable gesture on February 14 by donating 500 shares of Metropolitan Bank Holding Corp. common stock to a donor-advised fund. This transaction was recorded at a zero-dollar value, reflecting its nature as a gift. After this donation, Fredston’s share count stood at 17,168 shares.
In other recent news, Metropolitan Bank Holding outperformed Wall Street’s Q4 2024 expectations with an earnings per share (EPS) of $1.88, surpassing the predicted $1.49. The bank’s revenue also exceeded expectations, reporting $71 million against a forecast of $67.46 million. The bank’s successful exit from the BaaS business and its focus on technology integration were key factors in its strong performance.
Metropolitan Bank has also seen significant growth in deposits and loans, with new loans at a 7.8% average coupon. The bank’s strategic shift towards technology-driven operations and its focus on relationship-based lending and high-quality commercial clients have strengthened its competitive position.
Looking forward, Metropolitan Bank anticipates a net interest margin of 3.7% to 3.75% for 2025, with loan growth expected between 9-11%. The bank is also preparing for a potential 125 basis point rate cut in July.
These recent developments indicate Metropolitan Bank’s strong financial health and future prospects. However, potential risks include a high effective tax rate, potential interest rate cuts affecting net interest margins, and execution risks associated with technology integration and strategic shifts.
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