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Metris history
Metris company history timeline
Needing capital for continued growth, Fingerhut renamed its financial services unit Metris Companies Inc. and sold 17 percent of the company for $16 per share in an October 1996 initial public offering.
Year-end 1997 net income was $38 million, up 90 percent over the prior year, and Metris common stock traded at about $34 per share.
Metris began having its own credit woes as 1998 wound down.
2000: Metris purchases Banco Popular's United States credit card portfolio.
Nonetheless, Matthew Swibel, writing for Forbes in 2001, wondered if Zebeck's formula for profitability was losing its effectiveness.
2002: Deepening fiscal woes lead to ouster of top officer.
Metris faced the prospect of insolvency by mid-2003 if new funding sources could not be found.
But, the company was not off the slippery slope quite yet, posting losses in the first quarter of 2003.
More than 260,000 Sprinter and Metris vans have been assembled in North Charleston and delivered to destinations in the United States since 2006.
© 2019 Mercedes-Benz Vans, LLC (“MBV”). All rights reserved.
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Metris competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Convergent Outsourcing Inc | 1972 | $1.3B | 3,000 | - |
| Osi, LLC | - | $91.0M | 753 | 196 |
| Green Tree Credit Solutions | 2009 | $490,000 | 35 | - |
| ERC | 1977 | $75.0M | 1,153 | 40 |
| Duncan Solutions | 1936 | $1.5M | 50 | - |
| Integrity Solution Services, Inc. | 1993 | $230.0M | 3,000 | 16 |
| United Systems | - | $2.1M | 20 | 6 |
| Credit Control Services Inc | 1969 | $380.0M | 700 | 3 |
| Equiant | 2004 | $4.0M | 50 | - |
| MSA Solutions Inc | 1975 | $180.0M | 600 | - |
Metris history FAQs
Zippia gives an in-depth look into the details of Metris, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Metris. The employee data is based on information from people who have self-reported their past or current employments at Metris. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Metris. The data presented on this page does not represent the view of Metris and its employees or that of Zippia.
Metris may also be known as or be related to Metris.