Metropolitan Bank Holding Corp. Announces $50 million Stock Repurchase Program
Metropolitan Bank Holding Corp (NYSE: MCB) has announced a significant $50 million stock repurchase program authorized by its board of directors. The strategic initiative aims to demonstrate the company's commitment to delivering total return to investors and reflects confidence in its long-term growth trajectory.
President and CEO Mark R. DeFazio emphasized the strength of the company's balance sheet and the team's energy and focus in early 2023. The repurchase program will be executed through open market purchases or other means, partially under a Rule 10b5-1 plan, in compliance with securities laws.
The program has no expiration date and can be discontinued at any time. The timing and number of shares to be repurchased will depend on various factors including market conditions, share price, and regulatory requirements.
Metropolitan Bank Holding Corp (NYSE: MCB) ha annunciato un significativo programma di riacquisto di azioni da 50 milioni di dollari autorizzato dal suo consiglio di amministrazione. Questa iniziativa strategica mira a dimostrare l'impegno dell'azienda nel fornire un ritorno totale agli investitori e riflette la fiducia nella sua traiettoria di crescita a lungo termine.
Il presidente e CEO Mark R. DeFazio ha sottolineato la solidità del bilancio dell'azienda e l'energia e la concentrazione del team all'inizio del 2023. Il programma di riacquisto sarà eseguito attraverso acquisti sul mercato aperto o altri mezzi, parzialmente sotto un piano Rule 10b5-1, in conformità con le leggi sui titoli.
Il programma non ha una data di scadenza e può essere interrotto in qualsiasi momento. La tempistica e il numero di azioni da riacquistare dipenderanno da vari fattori, tra cui le condizioni di mercato, il prezzo delle azioni e i requisiti normativi.
Metropolitan Bank Holding Corp (NYSE: MCB) ha anunciado un significativo programa de recompra de acciones de 50 millones de dólares autorizado por su junta directiva. Esta iniciativa estratégica tiene como objetivo demostrar el compromiso de la empresa de ofrecer un retorno total a los inversores y refleja la confianza en su trayectoria de crecimiento a largo plazo.
El presidente y CEO Mark R. DeFazio enfatizó la solidez del balance de la empresa y la energía y enfoque del equipo a principios de 2023. El programa de recompra se llevará a cabo a través de compras en el mercado abierto u otros medios, parcialmente bajo un plan Rule 10b5-1, en cumplimiento con las leyes de valores.
El programa no tiene fecha de vencimiento y puede ser cancelado en cualquier momento. El momento y el número de acciones a recomprar dependerán de varios factores, incluidas las condiciones del mercado, el precio de las acciones y los requisitos regulatorios.
메트로폴리탄 뱅크 홀딩 컴퍼니 (NYSE: MCB)는 이사회에서 승인한 5천만 달러 규모의 자사주 매입 프로그램을 발표했습니다. 이 전략적 이니셔티브는 투자자에게 총 수익을 제공하겠다는 회사의 의지를 보여주고 장기 성장 궤도에 대한 신뢰를 반영합니다.
회장 겸 CEO인 Mark R. DeFazio는 2023년 초 회사의 재무 상태와 팀의 에너지 및 집중력을 강조했습니다. 자사주 매입 프로그램은 공개 시장 구매 또는 기타 수단을 통해 시행되며, 부분적으로 Rule 10b5-1 계획에 따라 증권법을 준수합니다.
이 프로그램에는 만료 날짜가 없으며 언제든지 중단될 수 있습니다. 매입 시기와 매입할 주식 수는 시장 상황, 주가 및 규제 요건 등 여러 요인에 따라 달라질 것입니다.
Metropolitan Bank Holding Corp (NYSE: MCB) a annoncé un programme de rachat d'actions de 50 millions de dollars significatif, autorisé par son conseil d'administration. Cette initiative stratégique vise à démontrer l'engagement de l'entreprise à offrir un retour total aux investisseurs et reflète la confiance dans sa trajectoire de croissance à long terme.
Le président et PDG Mark R. DeFazio a souligné la solidité du bilan de l'entreprise ainsi que l'énergie et la concentration de l'équipe au début de 2023. Le programme de rachat sera exécuté par le biais d'achats sur le marché ouvert ou d'autres moyens, partiellement dans le cadre d'un plan Rule 10b5-1, conformément aux lois sur les valeurs mobilières.
Le programme n'a pas de date d'expiration et peut être interrompu à tout moment. Le moment et le nombre d'actions à racheter dépendront de divers facteurs, y compris les conditions du marché, le prix des actions et les exigences réglementaires.
Metropolitan Bank Holding Corp (NYSE: MCB) hat ein bedeutendes Aktienrückkaufprogramm über 50 Millionen Dollar angekündigt, das von seinem Vorstand genehmigt wurde. Diese strategische Initiative zielt darauf ab, das Engagement des Unternehmens für eine Gesamtrendite für Investoren zu demonstrieren und spiegelt das Vertrauen in seine langfristige Wachstumsentwicklung wider.
Präsident und CEO Mark R. DeFazio betonte die Stärke der Bilanz des Unternehmens sowie die Energie und den Fokus des Teams zu Beginn des Jahres 2023. Das Rückkaufprogramm wird durch Käufe am offenen Markt oder andere Mittel umgesetzt, teilweise im Rahmen eines Rule 10b5-1 Plans, in Übereinstimmung mit den Wertpapiergesetzen.
Das Programm hat kein Ablaufdatum und kann jederzeit eingestellt werden. Der Zeitpunkt und die Anzahl der zurückzukaufenden Aktien hängen von verschiedenen Faktoren ab, einschließlich der Marktbedingungen, des Aktienkurses und der regulatorischen Anforderungen.
- $50 million commitment to return capital to shareholders
- Strong balance sheet position indicated by buyback capacity
- Flexible program structure with no expiration date
- Potential reduction in cash reserves available for other strategic initiatives
- No guaranteed minimum share repurchase amount
The Company may repurchase shares of common stock from time to time on the open market or by other means in accordance with applicable securities laws and other restrictions, including, in part, under a Rule 10b5-1 plan. The number of shares to be repurchased and the timing of repurchases, if any, will depend on several factors, including market conditions, prevailing share price, corporate and regulatory requirements, and other considerations. The share repurchase plan has no expiration date, may be discontinued or suspended at any time and does not obligate the Company to acquire any amount of its common stock.
About Metropolitan Bank Holding Corp.
Metropolitan Bank Holding Corp. (NYSE: MCB) is the parent company of Metropolitan Commercial Bank (the “Bank”), a
Metropolitan Commercial Bank was named one of Newsweek’s Best Regional Banks and Credit Unions 2025. The Bank was ranked by Independent Community Bankers of America among the top ten successful loan producers for 2024 by loan category and asset size for commercial banks with more than
The Bank is a
Forward Looking Statement Disclaimer
This release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Examples of forward-looking statements include but are not limited to the Company’s future financial condition and capital ratios, results of operations, outlook, business and repurchases under the program. Forward-looking statements are not historical facts. Such statements may be identified by the use of such words as “may,” “believe,” “expect,” “anticipate,” “plan,” “continue” or similar terminology. These statements relate to future events or our future financial performance and involve risks and uncertainties that are difficult to predict and are generally beyond our control and may cause our actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we caution you not to place undue reliance on these forward-looking statements. Factors which may cause our forward-looking statements to be materially inaccurate include, but are not limited to the following: the interest rate policies of the Federal Reserve and other regulatory bodies; an unexpected deterioration in the performance of our loan or securities portfolios; changes in liquidity, including the size and composition of our deposit portfolio and the percentage of uninsured deposits in the portfolio; unexpected increases in our expenses; different than anticipated growth and our ability to manage our growth; global pandemics, or localized epidemics, could adversely affect the Company’s financial condition and results of operations; potential recessionary conditions, including the related effects on our borrowers and on our financial condition and results of operations; an unanticipated loss of key personnel or existing clients, or an inability to attract key employees; increases in competitive pressures among financial institutions or from non-financial institutions which may result in unanticipated changes in our loan or deposit rates; unanticipated increases in FDIC insurance premiums or future assessments; legislative, tax or regulatory changes or actions, which may adversely affect the Company’s business; impacts related to or resulting from regional and community bank failures and stresses to regional banks; changes in deposit flows, funding sources or loan demand, which may adversely affect the Company’s business; changes in accounting principles, policies or guidelines may cause the Company’s financial condition or results of operation to be reported or perceived differently; general economic conditions, including unemployment rates, either nationally or locally in some or all of the areas in which the Company does business, or conditions in the securities markets or the banking industry being less favorable than currently anticipated; inflation, which may lead to higher operating costs; declines in real estate values in the Company’s market area, which may adversely affect our loan production; an unexpected adverse financial, regulatory, legal or bankruptcy event experienced by our non-bank financial service clients; system failures or cybersecurity breaches of our information technology infrastructure and/or confidential information or those of the Company’s third-party service providers or those of our non-bank financial service clients for which we provide global payments infrastructure; emerging issues related to the development and use of artificial intelligence that could give rise to legal or regulatory action, damage our reputation or otherwise materially harm our business or clients; failure to maintain current technologies or technological changes that may be more difficult or expensive to implement than anticipated, and failure to successfully implement future information technology enhancements; the costs, including the possible incurrence of fines, penalties, or other negative effects (including reputational harm) of any adverse judicial, administrative, or arbitral rulings or proceedings, regulatory enforcement actions, or other legal actions to which we or any of our subsidiaries are a party, and which may adversely affect our results; the current or anticipated impact of military conflict, terrorism or other geopolitical events; the successful implementation or consummation of new business initiatives, which may be more difficult or expensive than anticipated; the timely and efficient development of new products and services offered by the Company or its strategic partners, as well as risks (including reputational and litigation) attendant thereto, and the perceived overall value and acceptance of these products and services by clients; changes in consumer spending, borrowing or savings habits; the risks associated with adverse changes to credit quality; an unexpected failure to successfully manage our credit risk and the sufficiency of our allowance for credit losses; credit and other risks from borrower and depositor concentrations (e.g., by geographic area and by industry); difficulties associated with achieving or predicting expected future financial results; and the potential impact on the Company’s operations and clients resulting from natural or man-made disasters, wars, acts of terrorism, cyberattacks and pandemics, as well as those discussed under the heading “Risk Factors” in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q which have been filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended. Forward-looking statements speak only as of the date of this release. We do not undertake (and expressly disclaim) any obligation to update or revise any forward-looking statement, except as may be required by law.
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IR@MCBankNY.com
Source: Metropolitan Commercial Bank
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