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Metropolitan Bank (MCB) - 2024 Q4 - Earnings Call Transcript

Financial Data and Key Metrics Changes - The company reported a net income of 21.4million,translatingto21.4 million, translating to 1.88 per share for Q4 2024, indicating a strong performance [3] - Quarterly net interest income increased by 16.9% compared to Q4 2023, while annual net interest income rose by 13.6% versus the full year 2023 [3] Business Line Data and Key Metrics Changes - The company successfully exited the Banking as a Service (BaaS) business, which had been a complementary operation for 22 years [4] Market Data and Key Metrics Changes - No specific market data or key metrics changes were provided in the available content Company Strategy and Development Direction and Industry Competition - The exit from the BaaS business is part of a strategic initiative, with one initiative concluded and another still ongoing [4] Management's Comments on Operating Environment and Future Outlook - Management expressed satisfaction with the strong performance in Q4 2024, indicating a positive outlook for the company's financial health [3] Other Important Information - The call included a reminder about forward-looking statements and risks associated with actual results differing from projections [1] Q&A Session All Questions and Answers - No specific questions and answers from the Q&A session were provided in the available content