Metropolitan Bank reports Q3 EPS ex-items 73c, consensus 74c
Mark DeFazio, the Company's President and Chief Executive Officer, commented, "We are pleased with the accomplishments we have achieved as we approach the first anniversary of our IPO. Year-over-year, total assets increased 12% fueled by growth in our loan portfolio which was the result of our steadfast commitment to our relationship banking model. This growth in our balance sheet will yield a more consistent and sustainable net interest margin over time. Our balance sheet improvement translated into strong earnings for the quarter and for the first nine months of 2018. We more than doubled our net income - to $19.3 million for the first nine months of 2018 as compared to $9.0 million for the same period in 2017."