Financial Performance - Metropolitan Bank Holding Corp. reported quarterly earnings of $1.86 per share, exceeding the Zacks Consensus Estimate of $1.55 per share, but down from $1.97 per share a year ago, representing an earnings surprise of 20% [1] - The company posted revenues of $71.52 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 7.22%, compared to $60.07 million in the same quarter last year [1] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.59 on revenues of $66.3 million, and for the current fiscal year, it is $6.10 on revenues of $267.4 million [4] - The estimate revisions trend for Metropolitan Bank Holding is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [4] Industry Context - The Banks - Northeast industry, to which Metropolitan Bank Holding belongs, is currently in the top 38% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [5] - Another company in the same industry, Blue Foundry Bancorp, is expected to report a quarterly loss of $0.17 per share, reflecting a year-over-year change of -183.3%, with revenues projected at $10.26 million, a slight increase from the previous year [5]
Metropolitan Bank Holding Corp. (MCB) Q3 Earnings and Revenues Beat Estimates