In the first quarter of 2025, the company reported a stable credit environment with its non-performing loan ratio holding steady at 0.54% as of March 31, 2025, compared to the same percentage at the end of 2024. This ratio marks a significant improvement from 0.91% reported on March 31, 2024, signaling progress in managing loan performance.
The allowance for credit losses reached $67.8 million by the end of the first quarter, reflecting an increase of $4.5 million from the end of 2024. This increase is attributed primarily to loan growth within the quarter. Compared to the same quarter of the previous year, the allowance for credit losses saw a rise of $9.3 million, further demonstrating the company's proactive approach to managing potential credit risks associated with expanding loan portfolios.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for Metropolitan Bank Holding Corp (MCB, Financial) is $75.33 with a high estimate of $81.00 and a low estimate of $70.00. The average target implies an upside of 35.69% from the current price of $55.52. More detailed estimate data can be found on the Metropolitan Bank Holding Corp (MCB) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, Metropolitan Bank Holding Corp's (MCB, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Metropolitan Bank Holding Corp (MCB, Financial) in one year is $61.34, suggesting a upside of 10.48% from the current price of $55.52. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Metropolitan Bank Holding Corp (MCB) Summary page.
