Metropolitan Commercial Bank Recognized as #9 in S&P Global’s 2022 Ranking of Best-Performing Large Community Banks
28 March 2023 - 10:05PM
Business Wire
Metropolitan Commercial Bank (the “Bank”), the wholly owned
subsidiary of Metropolitan Bank Holding Corp. (NYSE: MCB), today
announced that the Bank was recognized for the fourth consecutive
year in S&P Global Market Intelligence’s annual ranking of the
best-performing community banks with assets between $3 billion and
$10 billion.
Metropolitan Commercial Bank was #9 in the 2022 national
rankings of the top 50 best performing large community banks, based
on financials for the year ended December 31, 2022. S&P Global
Market Intelligence ranks institutions based on returns, growth and
efficiency but places a premium on the strength and risk profile of
balance sheets.
The Bank was also ranked #8 among top-performing community banks
in the Northeast region. S&P Global Market Intelligence
introduced this new category in 2022 to provide an assessment of
top-performing community banks by region for the Northeast, South
Central, Southeast, West, and Midwest.
“Metropolitan Commercial Bank is pleased to receive this
industry recognition, particularly given its emphasis on our
financial strength and risk profile,” said Mark R. DeFazio,
President and CEO of Metropolitan Commercial Bank. “As a leading
entrepreneurial bank based in New York City, we are dedicated to
fulfilling our mission to serve our clients with a broad range of
business, commercial and personal banking products and services,
and deliver value for our shareholders. I want to acknowledge the
efforts of our nearly 250 employees who work hard every day to meet
the needs of our customers and the communities we serve.”
S&P Global Market Intelligence calculated scores for each
company based on seven metrics: pretax return on tangible common
equity; efficiency ratio; cost of funds; five-year average
operating revenue growth; five-year average net charge-offs to
average loans and leases ratio; nonperforming assets and loans 90
days or more past due as a percentage of total assets; and leverage
ratio. Criteria for the ranking included a gross loans and
leases-to-total assets ratio of at least 33% with no more than half
of those loans in credit cards; a leverage ratio of at least 5%; no
active severe enforcement action; a result other than "substantial
noncompliance" or "needs to improve" in the bank's most recent
Community Reinvestment Act exam; a yield on loans and leases of no
more than three times the industry median of 4.88%; and no more
than half of the entity's revenue coming from nontraditional
banking activities. Based on the above criteria, 196 banks and
thrifts were eligible for ranking. For more information on the
rankings, click here.
About Metropolitan Bank Holding Corp.
Metropolitan Commercial Bank (the “Bank”) is a New York City
based commercial bank that provides a broad range of business,
commercial and personal banking products and services to small,
middle-market, corporate enterprises, municipalities, and affluent
individuals. With its Global Payments group, the Bank has
established itself as a leader in domestic and international
fintech, payments, and money services. Metropolitan Commercial Bank
operates banking centers in New York City and on Long Island in New
York state. The Bank is a member of the Piper Sandler Sm-All Stars
Class of 2022.
The Bank is a New York State chartered commercial bank, a member
of the Federal Reserve System and the Federal Deposit Insurance
Corporation, and an equal housing lender. The parent company of
Metropolitan Commercial Bank is Metropolitan Bank Holding Corp.
(NYSE: MCB).
For more information, please visit the Bank’s website at
MCBankNY.com.
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