{"id":3335,"date":"2017-11-03T11:06:41","date_gmt":"2017-11-03T15:06:41","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=3335"},"modified":"2017-11-03T17:34:23","modified_gmt":"2017-11-03T21:34:23","slug":"metropolitan-bank-holding-mcb-ipo-preview","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/metropolitan-bank-holding-mcb-ipo-preview\/","title":{"rendered":"Metropolitan Bank Holding (MCB) #IPO Preview"},"content":{"rendered":"

\"MetropolitanBankLogo\"<\/a><\/p>\n

Company: Metropolitan Bank Holding Corp.<\/strong>
\nSymbol: MCB
\nDescription: They are a bank holding company headquartered in New York, New York and registered under the Bank Holding Company Act of 1956, as amended (the BHC Act).
\nShares: 3.1 million
\nPrice Range: $31.00-$34.00
\nTrade Date: 11\/8
\nUnderwriter(s): J.P. Morgan, Keefe Bruyette & Woods
\nCo-Manager: Piper Jaffray<\/p>\n

Link to S-1\/A Prospectus<\/a><\/strong><\/p>\n

Link to Retail Roadshow<\/a><\/strong><\/p>\n

\"Screen<\/a><\/p>\n

Business<\/strong>:\u00a0They are focused on organically growing and expanding our position in the New York metropolitan area. Through their\u00a0experienced team of commercial relationship managers and our integrated, client-centric approach, we have successfully demonstrated our ability to consistently grow market share by deepening existing client relationships and continually expanding our client base through referrals.<\/p>\n

FINANCIALS: <\/strong>They\u00a0have grown their diversified loan portfolio at a 31% CAGR since 2013, with the majority of growth sourced from our Commercial Real Estate (\u201cCRE\u201d) and Commercial and Industrial (\u201cC&I\u201d) portfolios. Since initiating their\u00a0transition to a core-funded institution with the opening of our first banking center in 2005, they have maintained a goal of converting many of their\u00a0commercial lending clients into full retail relationship banking clients. This focus has enabled MCB to complement their\u00a0strong loan growth with a deposit CAGR of 33% since 2013, which compares very favorably to the 9% deposit CAGR achieved by banks in the same local markets in which they operate. This deposit growth has been fueled primarily by low cost core deposits (deposits, excluding certificates of deposit), which now represent approximately 94.4% of total deposits as of June 30, 2017. Metropolitan Bank\u00a0deposits are primarily derived from three sources: their\u00a0existing lending relationships, non-borrowing clients that are usually sourced through their\u00a0banking centers and their debit card issuing business. This diversified approach provides them with a low cost core deposit base that is more than 50% non-interest bearing and has a total cost of deposits of 0.50% as of June 30, 2017. Given the size of the market in which MCB operate and their differentiated approach to client service, they\u00a0believe there is significant opportunity to continue their\u00a0loan and deposit growth trajectory.<\/p>\n

Financial IPOs in 2017<\/strong><\/p>\n

\"FinancialIPOs11032017\"<\/a><\/p>\n

Book-Building Status<\/strong>: The way the book comes together during the week of the roadshow is the bkost critical indicator to first-day and first-week performance. IPO Boutique uses its 45 years of experience and sources all over the street to gather daily subscription levels, specific price guidance and what type of investors are currently in the book or are anchoring orders in the book. In addition, recent underwriter performance on sector specific deals is a strong factor that IPO Boutique takes into account when determining if our clients should indicate for any offering.<\/p>\n

IPO Boutique subscription clients receive daily updates on this critical information.<\/span><\/a><\/p>\n

Conclusion<\/strong>: IPO Boutique provides ratings, daily commentary and a forecast for how this IPO will open vs. its offering price. We have kept a\u00a0track record<\/span><\/a>\u00a0with our performance for last 12 years at our website. Additionally, we have our latest performance results with commentary from the month of May\u00a0by\u00a0<\/span>clicking here<\/span><\/a>.<\/span><\/p>\n

Indicate with confidence,\u00a0<\/b>SUBSCRIBE<\/b><\/a>\u00a0today.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

Company: Metropolitan Bank Holding Corp. Symbol: MCB Description: They are a bank holding company headquartered in New York, New York and registered under the Bank Holding Company Act of 1956, as amended (the BHC Act). Shares: 3.1 million Price Range: $31.00-$34.00 Trade Date: 11\/8 Underwriter(s): J.P. Morgan, Keefe Bruyette & Woods Co-Manager: Piper Jaffray Link[…]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"zakra_general_container_width":0,"zakra_general_content_width":0,"zakra_general_sidebar_width":0,"zakra_sticky_header":"customizer","zakra_header_main_area":true,"zakra_site_logo_width":0,"zakra_header_top_enabled":"customizer","zakra_header_top_style":"customizer","zakra_primary_menu_item_style":"customizer","zakra_page_header_text_color":"","zakra_page_header_layout":"customizer","zakra_page_title_bg":"","zakra_footer_widgets_bg_image":0,"zakra_page_title_bg_repeat":"customizer","zakra_page_title_bg_position":"customizer","zakra_page_title_bg_size":"customizer","zakra_page_title_bg_attachment":"customizer","zakra_breadcrumbs_enabled":"customizer","zakra_breadcrumbs_text_color":"","zakra_breadcrumbs_separator_color":"","zakra_breadcrumbs_link_color":"","zakra_breadcrumbs_link_hover_color":"","zakra_page_title_bg_image":0,"zakra_footer_widgets_enabled":"customizer","zakra_footer_column_layout_1_style":"customizer","zakra_footer_widgets_bg":"","zakra_footer_widgets_bg_repeat":"customizer","zakra_footer_widgets_bg_position":"customizer","zakra_footer_widgets_bg_size":"customizer","zakra_footer_widgets_bg_attachment":"customizer","zakra_footer_bar_enabled":"customizer","zakra_footer_bar_style":"customizer","footnotes":""},"categories":[24],"tags":[1375],"class_list":["post-3335","post","type-post","status-publish","format-standard","hentry","category-ipo","tag-mcb"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/comments?post=3335"}],"version-history":[{"count":2,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3335\/revisions"}],"predecessor-version":[{"id":3379,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3335\/revisions\/3379"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=3335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=3335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=3335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}