Metropolitan Bank Holding Corp: Still Bullish Despite Recent Underperformance

LukaTDB When it comes to the current fiscal year, the picture looks a bit different. Net interest income continued its descent, dropping from $57.9 million in the first quarter of last year to$52.9 million the same time this year. In addition to suffering from a larger debt balance and a surge in costly deposits, the bank took a hit from its net interest margin. This managed to fall from 3.86% last year to 3.40% this year. Also, when I say that deposits are costly, the total cost of deposits in the most re ...