Metropolitan Bank Holding Corp. (MCB) Lags Q1 Earnings Estimates

Group 1: Earnings Performance - Metropolitan Bank Holding Corp. reported quarterly earnings of $1.45 per share, missing the Zacks Consensus Estimate of $1.61 per share, and showing a slight decrease from $1.46 per share a year ago, resulting in an earnings surprise of -9.94% [1] - The company posted revenues of $70.59 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 3.50%, compared to year-ago revenues of $66.71 million [2] - Over the last four quarters, the company has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Group 2: Stock Performance and Outlook - Metropolitan Bank Holding shares have lost about 6.4% since the beginning of the year, while the S&P 500 has declined by 10.2% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $1.74 on revenues of $71.1 million, and for the current fiscal year, it is $7.31 on revenues of $290.7 million [7] Group 3: Industry Context - The Zacks Industry Rank indicates that the Banks - Northeast industry is currently in the top 23% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] - The estimate revisions trend for Metropolitan Bank Holding is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market in the near future [6]