MCB - Metropolitan Bank Holding Corp. (MCB) Q2 2024 Earnings Call Transcript
2024-07-19 11:10:24 ET
Metropolitan Bank Holding Corp. (MCB)
Q2 2024 Earnings Conference Call
July 19, 2024 09:00 A.M. ET
Company Participants
Mark R. DeFazio - President and CEO
Daniel F. Dougherty - EVP and CFO
Conference Call Participants
Alex Lau - J.P. Morgan
Christopher O'Connell - KBW
Mark Fitzgibbon - Piper Sandler
Presentation
Operator
Welcome to Metropolitan Commercial Bank's Second Quarter 2024 Earnings Call. Hosting the call today from Metropolitan Commercial Bank are Mark DeFazio, President and Chief Executive Officer; and Dan Dougherty, Executive Vice President and Chief Financial Officer. Today's call is being recorded. At this time all participants have been placed in a listen-only mode and the floor will be open for your questions following the prepared remarks. [Operator Instructions].
During today's presentation, references will be made to the company's earnings release and investor presentation, copies of which are available at mcbankny.com. Today's presentation may include forward-looking statements that are subject to risks and uncertainties that may cause actual results to differ materially. Please refer to the company's notices regarding forward-looking statements and non-GAAP measures that appear in the earnings release and Investor Presentation. It is now my pleasure to turn the floor over to Mark DeFazio, President and Chief Executive Officer. You may begin.
Mark R. DeFazio
Thank you. Good morning and thank you all for joining our second quarter earnings call. MCB’s solid second quarter financial performance was indicative of the strength of our core commercial banking franchise. During the quarter we thoughtfully grew the balance sheet while maintaining our price discipline, credit standards, and with a continued sharp focus on liquidity and interest rate risk management. I am pleased to report we saw a four basis points of NIM expansion in the second quarter. This marks our third consecutive quarter of NIM expansion. ...
Metropolitan Bank Holding Corp. (MCB) Q2 2024 Earnings Call Transcript