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Metropolitan Bank (NYSE: MCB) reported significant sequential growth in its loan and core deposit portfolios, marking the introduction of its first dividend and ongoing share repurchase efforts as a commitment to capital return. Management noted no material asset quality changes, with a strong outlook on funding, margins, and expenses, while extending the digital transformation project timeline without increasing total costs.
Explain It To Me Like I’m 5: Metropolitan Bank is doing well by growing its money-lending and saving activities, starting to pay dividends to its shareholders, and ensuring that everything is running smoothly without any big problems.
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