Metropolitan Bank Holding Corp. (MCB) Q4 Earnings and Revenues Surpass Estimates

Core Viewpoint - Metropolitan Bank Holding Corp. reported quarterly earnings of $1.88 per share, exceeding the Zacks Consensus Estimate of$ 1.49 per share, and showing an increase from $1.28 per share a year ago, representing an earnings surprise of 26.17% [1] Financial Performance - The company posted revenues of$ 71 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 5.98%, compared to $63.56 million in the same quarter last year [2] - Over the last four quarters, Metropolitan Bank Holding has exceeded consensus EPS estimates three times and has topped consensus revenue estimates three times as well [2] Stock Performance and Outlook - Since the beginning of the year, Metropolitan Bank Holding shares have increased by approximately 3.3%, slightly underperforming the S&P 500's gain of 3.5% [3] - The company's earnings outlook is mixed, with a current Zacks Rank of 3 (Hold), indicating expected performance in line with the market in the near future [6] Future Earnings Estimates - The current consensus EPS estimate for the upcoming quarter is$ 1.57 on revenues of $68.6 million, and for the current fiscal year, it is$ 7.03 on revenues of $289.5 million [7] Industry Context - The Banks - Northeast industry, to which Metropolitan Bank Holding belongs, is currently ranked in the top 20% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]