other material
confidence high
sentiment positive
materiality 0.60
Metropolitan Bank Holding Corp. authorizes $50M share repurchase program
Metropolitan Bank Holding Corp.
- Board approved up to $50M in repurchases of common stock (NYSE: MCB) on March 12, 2025.
- CEO Mark DeFazio cites confidence in long-term growth trajectory and balance sheet strength.
- Repurchases may occur on open market or under Rule 10b5-1 plans; no expiration date.
- Program funded with available cash; can be suspended or discontinued at any time.