Metropolitan Bank (US:MCB)2025-07-18 13:00Financial Performance - The closing price of the company's stock was $70.00, resulting in a market capitalization of $729.50 million[7] - The company's assets increased to $7.9 billion, with loans reaching $6.6 billion and deposits at $6.8 billion[7] - The net interest margin was 3.83%, and the efficiency ratio was 56.5%[7] - The return on average assets (ROAA) was 0.97%, and the return on average equity (ROAE) was 10.4%[7] Loan and Deposit Portfolio - Total loans reached $6.6 billion, with a diversified portfolio including CRE, C&I, and consumer loans[30, 52] - Total deposits amounted to $6.8 billion, with a mix of money market & savings, non-interest bearing demand, and time deposits[30] - Non-interest bearing deposits accounted for 21% of total deposits as of June 30, 2025[30, 46] Digital Transformation - The company is undergoing a digital transformation with total estimated project costs of $18 million, including a 10% contingency[101] - As of Q2 2025, $8.4 million of the project costs have been expensed[101] - Q2 2025 digital transformation costs were $1.6 million[101]