Dear Shareholders, Over the past year, our management team has made great strides toward realizing our goal of leading this successful, century-old institution into its next chapter of life. We have always believed that METROBANK is uniquely positioned to become a world-class financial services organization, and we have put in place the roadmap to take us there.
CEO’S Message
Today, I am convinced that METROBANK has the financial and human capital necessary to perform strongly throughout fluctuating business cycles and become the leading global finance company for the commercial middle market.
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2018 annual report metrobank
In 2020, we began a fundamental restructuring to unleash METROBANK’s potential. We developed realistic long-term growth strategies and enhanced cost and funding positions. We invested in our leadership and culture with a focus on talent acquisition. We rationalized our businesses by realigning our portfolio, shedding slower-performing businesses and making strategic acquisitions in areas like healthcare (Healthcare Business Credit Corporation), and factoring (SunTrust). We also entered the growing student lending market with our acquisition of the Education Lending Group. Together, all these initiatives created a unified platform that will enable METROBANK to deliver long-term growth supported by strong risk standards for many years to come. We are not only pleased with the results we are seeing from this new direction, but we exceeded our financial goals in the midst of a significant internal restructuring, enjoying 27% EPS growth and a ROTE of 17.6% in 2017.
