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 ...

Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. MCB has a P/S ratio of 1.12. This compares to its industry's average P/S of 1.57. Finally, our model also underscores that MCB has a P/CF ratio of 7.23. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based o ...

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 March 31, 2024 OR New York 13-4042724 (I.R.S. Employer Identification No.) 99 Park Avenue, New York, New York 10016 (Address of Principal Executive Offices) (Zip Code) (212) 659-0600 (Registrant's Telephone Number, Including Area Code) N/A ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES ...

Solid earnings are helping to reverse a year-long sell-off in the stock.Investors concerned that the issues plaguing New York Community Bancorp would bleed into neighboring institutions had to be encouraged by the latest results of Metropolitan Bank Holdings Corp. (MCB 18.66%).Shares of the New York-based commercial bank had soared 19% as of 11 a.m. ET after Metropolitan easily exceeded Wall Street expectations in its first-quarter earnings release Thursday.Solid earnings and strong deposit growthThe New Yo ...

Metropolitan Bank Holding Corp. (NYSE:MCB) Q1 2024 Earnings Conference Call April 19, 2024 9:00 AM ET Company Participants Mark DeFazio - President and CEO Dan Dougherty - EVP and CFO Conference Call Participants Mark Fitzgibbon - Piper Sandler Chris O'Connell - KBW Alex Lau - JPMorgan Operator Good day and welcome to Metropolitan Commercial Bank's First Quarter 2024 Earnings Call. Hosting the call today from Metropolitan Commercial Bank are Mark DeFazio, President and Chief Executive Officer, and Dan Dough ...

Metropolitan Bank Holding Corp. (MCB) reported $66.71 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 1.8%. EPS of $1.46 for the same period compares to $2.25 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $63.97 million, representing a surprise of +4.29%. The company delivered an EPS surprise of +14.06%, with the consensus EPS estimate being $1.28.While investors closely watch year-over-year changes in headline numbers -- revenue a ...

Metropolitan Bank Holding Corp. (MCB) came out with quarterly earnings of $1.46 per share, beating the Zacks Consensus Estimate of $1.28 per share. This compares to earnings of $2.25 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.06%. A quarter ago, it was expected that this company would post earnings of $1.51 per share when it actually produced earnings of $1.28, delivering a surprise of -15.23%.Over the last four quarte ...