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Metropolitan Bank (MCB) - 2024 Q3 - Earnings Call Transcript
2024-10-18 14:50
Metropolitan Bank Holding Corp. (NYSE:MCB) Q3 2024 Earnings Conference Call October 18, 2024 9:00 AM ET Company Participants Mark DeFazio - President & CEO Daniel Dougherty - EVP & CFO Conference Call Participants Mark Fitzgibbon - Piper Sandler Christopher O'Connell - KBW Feddie Strickland - Hovde Group Operator Welcome to the Metropolitan Commercial Bank Third Quarter 2024 Earnings Call. Hosting the call today from Metropolitan Commercial Bank are Mark DeFazio, President and Chief Executive Officer; and D ...
Metropolitan Bank Holding Corp. (MCB) Q3 Earnings and Revenues Beat Estimates
ZACKS· 2024-10-17 22:16
Metropolitan Bank Holding Corp. (MCB) came out with quarterly earnings of $1.86 per share, beating the Zacks Consensus Estimate of $1.55 per share. This compares to earnings of $1.97 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 20%. A quarter ago, it was expected that this company would post earnings of $1.57 per share when it actually produced earnings of $1.50, delivering a surprise of -4.46%. Over the last four quarters ...
Metropolitan Bank (MCB) - 2024 Q3 - Quarterly Results
2024-10-17 20:25
Exhibit 99.1 Release: 4:05 P.M. October 17, 2024 212-365-6721 IR@MCBankNY.com Metropolitan Bank Holding Corp. Reports Third Quarter 2024 Results Strong Operating Results Underscored By Increased Net Interest Margin Financial Highlights ● The net interest margin for the third quarter of 2024 was 3.62%, an increase of 18 basis points compared to 3.44% for the second quarter of 2024. ● Total loans at September 30, 2024 were $5.9 billion, an increase of $58.2 million from June 30, 2024 and $542.6 million from S ...
Whitestone Buyout Offer Undervalues Its Assets
Seeking Alpha· 2024-10-11 15:45
AndreyPopov/iStock via Getty Images MCB Real Estate has increased their buyout bid for Whitestone REIT (NYSE:WSR) to $15 per share. This clearly has investment implications for WSR shareholders, so this article will attempt to answer the following questions: What is WSR worth? Will there be competing bidders? What is WSR's outlook if it remains a standalone company? Should WSR take the deal? Hostile takeover In REIT M&A there are often friendly takeovers in which the acquirer is welcomed by the company and ...
MCB Real Estate Increases Proposal to Acquire Whitestone REIT to $15.00 Per Share in Cash and Seeks Board Engagement
Prnewswire· 2024-10-09 13:30
Proposal Would Deliver Immediate and Certain 14.5% Premium to Whitestone Shareholders Compared to Share Price Prior to Initial Proposal Per Share Price Represents a 61.8% Premium to Whitestone's Unaffected Share Price Prior to Takeover Rumors Sends Letter to Whitestone Board Detailing Compelling and Certain Value of All-Cash Proposal Launches www.MaximizingWhitestoneValue.com BALTIMORE, Oct. 9, 2024 /PRNewswire/ -- MCB Real Estate ("MCB"), a leading commercial real estate developer and investment management ...
Metropolitan Bank Holding Corp Has Had An Excellent Run (Rating Downgrade)
Seeking Alpha· 2024-09-27 19:21
As a rule of thumb, you should never bank on an investment playing out the way you would like it to in a short window of time. You should always instead invest for the long haul and hope for Crude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential. Subscribers get to use a 50+ stock model account, in-depth cash flow analyses of E&P firms, and live chat ...
Is the Options Market Predicting a Spike in Metropolitan Bank Holding (MCB) Stock?
ZACKS· 2024-08-30 13:50
Investors in Metropolitan Bank Holding Corp. (MCB) need to pay close attention to the stock based on moves in the options market lately. That is because the Sep 20, 2024 $17.50 Put had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other ...
Metropolitan Bank (MCB) - 2024 Q2 - Quarterly Report
2024-08-02 20:05
Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.01 per share MCB New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to ...
Metropolitan Bank (MCB) - 2024 Q2 - Earnings Call Transcript
2024-07-19 15:10
Metropolitan Bank Holding Corp. (NYSE:MCB) Q2 2024 Earnings Conference Call July 19, 2024 9:00 AM ET Company Participants Mark R. DeFazio - President and CEO Daniel F. Dougherty - EVP and CFO Conference Call Participants Alex Lau - J.P. Morgan Christopher O'Connell - KBW Mark Fitzgibbon - Piper Sandler Operator Welcome to Metropolitan Commercial Bank's Second Quarter 2024 Earnings Call. Hosting the call today from Metropolitan Commercial Bank are Mark DeFazio, President and Chief Executive Officer; and Dan ...
Metropolitan Bank (MCB) - 2024 Q2 - Earnings Call Presentation
2024-07-19 13:28
• Help clients build and sustain generational wealth. Total Return Performance Since IPO relative to KRX² and NYC Banks³,Ī Well Managed Net Interest Margin Deposits ($ bn) 4 Proven Growth-Oriented Business Model with Strong Risk Management, Poised to Deliver Significant Shareholder Value 15.8% 6.5% Metropolitan Commercial Bank KRX Index² 2 1 Represents effective average daily Fed Funds rate. Deposit Profile at June 30, 2024 Service Areas 1 Forward-looking statements speak only as of the date of this present ...