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 ...

Financial Data and Key Metrics Changes - The company reported earnings per share of $1.46, supported by strong growth in net interest income and excellent credit performance [17] - There was a 4 basis points expansion in net interest margin (NIM) in the first quarter, with expectations for further margin expansion as the year progresses [5][21] - Non-interest expenses totaled $41.9 million in the first quarter, with expectations for full-year non-interest expenses to be in the range of $160 million to $163 million [10][11] Business Line Data and Key Metrics Changes - First quarter loan growth exceeded $94 million, funded entirely by core deposit growth of over $340 million [7] - The weighted average coupon on new loan originations was 8.47%, compared to a December 2023 portfolio coupon of 6.92% [8] - Non-interest income increased by approximately 7% from the linked quarter, driven by fees associated with letter of credit activity and deposit service charges [23] Market Data and Key Metrics Changes - The company experienced significant core deposit growth, which contributed to a substantial increase in cash parked at the Federal Reserve [7] - The outlook for loan growth is projected to be between $600 million and $800 million for the year, with loan pipelines growing, particularly in the commercial and industrial (C&I) sector [22] Company Strategy and Development Direction - The company is focused on the wind down of the GPG business and a digital transformation project, both proceeding on time and on budget [4] - The strategy emphasizes relationship-based commercial banking and high-quality commercial clients, with a conservative approach to underwriting and portfolio diversity [18] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding loan growth and credit performance, citing strong economic fundamentals [5] - The company expects to see additional uplift in NIM throughout the year, with a forecasted fourth quarter NIM in the range of 3.45% to 3.5% [21] - Management noted that asset quality remains strong, with no identifiable negative trends in the loan portfolio [9][18] Other Important Information - The digital transformation budget remains unchanged at $12 million, with expectations to complete the project by 2025 [24] - The company anticipates a provision for loan growth of approximately 1%, estimating a provision level of $6 million to $8 million for the remainder of the year [32] Q&A Session Summary Question: Will the deposit pipelines continue to be strong? - Management confirmed that while there may be timing differences, they are confident in replacing deposits and funding loan growth by the end of the year [27] Question: What are the expectations for regulatory remediation costs? - Management indicated that regulatory remediation costs are primarily legal and consulting fees, with confidence in meeting expectations throughout the year [39] Question: What is the expected pace of GPG fee income and expenses reduction? - Management expects a decline in GPG fee income and expenses to accelerate in the latter half of the year [72] Question: How does the company view the integration of potential new teams from neighboring banks? - Management expressed that cultural fit and loan expectations have been significant hurdles in integrating new teams, leading to a low probability of hiring in 2024 [49][50] Question: What is the outlook for non-performing assets and reserves? - Management expects to review reserves in the second quarter, with substantial interest reserves available [73]

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 ...

Metropolitan Bank Holding Corp. Reports First Quarter 2024 Results Strong commercial bank franchise underscores resiliency in challenging macroeconomic environment Investment in core banking digital transformation underway to support continued growth Financial Highlights NEW YORK, April 18, 2024 ‒ Metropolitan Bank Holding Corp. (the "Company") (NYSE: MCB), the holding company for Metropolitan Commercial Bank (the "Bank"), reported net income of $16.2 million, or $1.46 per diluted common share, for the firs ...

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-38282 METROPOLITAN BANK HOLDING CORP. (Exact name of registrant as specified in its charter) New York 13-4042724 (State or other jurisdiction of inc ...

Metropolitan Bank Holding Corp. (NYSE:MCB) Q4 2023 Earnings Call Transcript January 19, 2024 9:00 AM ET Company Participants Mark DeFazio - President & CEO Dan Dougherty - EVP & CFO Conference Call Participants Mark Fitzgibbon - Piper Sandler Nick Cucharale - Hovde Group Chris O'Connell - KBW Alex Lau - JP Morgan Operator Good day and welcome to the Metropolitan Commercial Bank Fourth Quarter and Full Year 2023 Earnings Call. Hosting the call today from Metropolitan Commercial Bank are Mark DeFazio, Preside ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to __________________ Commission File No. 001-38282 Metropolitan Bank Holding Corp. (Exact Name of Registrant as Specified in Its Charter) New Yor ...