Metropolitan Bank (MCB) Q1 2025 Earnings Call April 22, 2025 09:00 AM ET Company Participants Mark Defazio - President, Chief Executive OfficerDaniel Dougherty - Executive VP & CFOMark Fitzgibbon - Head of FSG ResearchYnyra Bohan - Equity Research AssociateChristopher O'Connell - Director Operator Welcome to the Metropolitan Commercial Bank's First Quarter twenty twenty five Earnings Call. Hosting the call today from Metropolitan Commercial Bank are Mark DiFazio, President and Chief Executive Officer and Da ...

Financial Data and Key Metrics Changes - Core deposits increased by $1.3 billion year-over-year [5] - Cost of deposits reduced to 2.09% in the first quarter [6] - Net Interest Margin (NIM) increased to 2.9%, marking the fourth consecutive quarter of growth [6][13] - Adjusted EPS was $0.57, representing a 36% linked quarter increase and a 50% year-over-year increase [13] Business Line Data and Key Metrics Changes - Business loans grew by over $60 million in the first quarter and over $400 million year-over-year [7] - Loan pipeline currently stands at approximately $1.1 billion with an average yield of 7.22% [8] - Core pre-tax provision income was $46 million in the first quarter compared to $28 million a year ago [9] Market Data and Key Metrics Changes - Non-brokered deposits increased by approximately $65 million at March 31 versus year-end levels [14] - Excluding title company deposits, non-brokered deposits grew by approximately $250 million this quarter [14] Company Strategy and Development Direction - The company plans to expand into the Lakewood, New Jersey marketplace [11] - Focus on growing business loans while reducing commercial real estate (CRE) concentration [7] - Hiring efforts are aimed at enhancing both sides of the balance sheet [10] Management's Comments on Operating Environment and Future Outlook - Management remains bullish on continued NIM improvement despite uncertain rate environment [6] - Expectation of margin expansion in the second half of 2025 due to significant back book loan repricing opportunities [17][18] - Anticipated loan growth to pick up in the latter half of 2025 [19] Other Important Information - Core cash operating expenses for the first quarter were $57.9 million, excluding intangible amortization [15] - Common equity Tier one ratio increased to 11.1% and total capital ratio grew to 15.7% [16] Q&A Session Summary Question: Inquiry about loan pipeline mix - The loan pipeline consists of approximately $350 million in commercial and industrial (C&I), $185 million in owner-occupied CRE, and $250 million in healthcare [25] Question: Update on deposit growth and costs - The cost of deposits is around $2.10, with a healthy mix of demand deposits [26] Question: Credit reserve build guidance - The medium to long-term target for reserves is between 90 basis points to 1% [32] Question: Cash balance and margin opportunities - The company is managing its balance sheet for the medium to long term, with plans to utilize cash as loan growth picks up [35] Question: Non-owner occupied commercial real estate uptick - The uptick was due to one specific credit exit, with no systemic issues expected [41] Question: Competition and pricing in the region - The pricing environment is rational, with some competitors moderating their deposit pricing [68] Question: Fee income guidance for the year - The fee income guidance remains at $40 million to $42 million for the full year [83]

Metropolitan Bank (MCB) Q1 2025 Earnings Call April 22, 2025 09:00 AM ET Company Participants Mark Defazio - President, Chief Executive OfficerDaniel Dougherty - Executive VP & CFOMark Fitzgibbon - Head of FSG ResearchYnyra Bohan - Equity Research AssociateChristopher O'Connell - Director Operator Welcome to the Metropolitan Commercial Bank's First Quarter twenty twenty five Earnings Call. Hosting the call today from Metropolitan Commercial Bank are Mark DiFazio, President and Chief Executive Officer and Da ...

First Commonwealth Financial (FCF) Q4 2024 Earnings Call January 29, 2025 02:00 PM ET Company Participants Ryan Thomas - Vice President of Finance and Investor RelationsThomas Michael Price - President & CEOJames Reske - Executive VP, CFO & TreasurerDaniel Tamayo - Vice PresidentKarl Shepard - Assistant Vice PresidentKelly Motta - Managing DirectorBrian Sohocki - Executive VP & Chief Credit OfficerMatthew Breese - Managing Director Conference Call Participants Manuel Navas - MD & Senior Research Analyst Ope ...