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 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 ...

• 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 ...

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Metropolitan Bank Holding performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Efficiency Ratio: 62.4% versus 59.3% estimated by two analysts on average. Net Interest Margin: 3.4% compared to the 3.4% average estimate based on two a ...

Metropolitan Bank Holding Corp. (MCB) came out with quarterly earnings of $1.50 per share, missing the Zacks Consensus Estimate of $1.57 per share. This compares to earnings of $1.37 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -4.46%. A quarter ago, it was expected that this company would post earnings of $1.28 per share when it actually produced earnings of $1.46, delivering a surprise of 14.06%. Over the last four quart ...

Exhibit 99.1 Release: 4:05 P.M. July 18, 2024 212-365-6721 IR@MCBankNY.com Metropolitan Bank Holding Corp. Reports Second Quarter 2024 Results Strong Earnings, Liquidity, Capital and Asset Quality While Executing Strategic Initiatives Financial Highlights Balance Sheet Total cash and cash equivalents were $244.7 million at June 30, 2024, a decrease of $289.7 million, or 54.2%, from March 31, 2024 and an increase of $42.9 million, or 21.3%, from June 30, 2023. The decrease from March 31, 2024, primarily refl ...

Metropolitan Bank Holding Corp. (MCB) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. This company is expected to post quarterly earnings of $1.57 per share in its upcoming report, which represents a year-over-yea ...

LukaTDB When it comes to the current fiscal year, the picture looks a bit different. Net interest income continued its descent, dropping from $57.9 million in the first quarter of last year to $52.9 million the same time this year. In addition to suffering from a larger debt balance and a surge in costly deposits, the bank took a hit from its net interest margin. This managed to fall from 3.86% last year to 3.40% this year. Also, when I say that deposits are costly, the total cost of deposits in the most re ...

Over the past 60 days, the Zacks Consensus Estimate for 2024 and 2025 earnings has moved north by 3.2% and 1.4%, respectively. MCB currently carries a Zacks Rank #2 (Buy). Moreover, at the beginning of 2024, MCB began implementing an innovative digital transformation project to enhance its capabilities and operational efficiency. This is further likely to aid bottom-line expansion. Revenue Strength: Driven by strong loan growth and various deposit-gathering strategies, Metropolitan Bank's net revenues witne ...

Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks. Metropolitan Bank Holding (MCB) is a stock many investors are watching right now. MCB is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 5.87, while its industry has an averag ...