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Metropolitan Bank Holding (MCB)
NYSE:MCB
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Earnings Data
Report Date
Jan 16, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.49Last Year’s EPS
$1.28Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 17, 2024
|% Change Since: -5.37%
|Next Earnings Date:Jan 16, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong top-line growth, NIM expansion, and robust asset quality, indicating a healthy financial status. However, significant charges related to regulatory settlements and the GPG business wind down present ongoing challenges. Despite these issues, the bank remains optimistic about future growth and financial performance.Company Guidance
During the Metropolitan Commercial Bank's third quarter 2024 earnings call, management provided detailed guidance, emphasizing several key metrics. The bank reported an earnings per share of $1.08, which included $12.6 million or $0.78 per share in charges. The net interest margin (NIM) increased by 18 basis points to 3.62%, but after normalizing for outsized deferred fees and prepayment penalties, it is expected to stabilize at 3.45% to 3.50% for the remainder of the year. Loan growth was modest at $68 million, with a significant origination volume of over $450 million, and the bank anticipates total loan growth of $500 million for the year. Deposits increased by approximately $100 million in the quarter, with interest-bearing deposits up $200 million. The bank's adjusted return on average tangible common equity (ROATCE) was 12% for the quarter, with a forecast to reach mid-teens within the next 12 to 18 months. Looking forward to 2025, the bank expects loan growth to continue in the range of 10% to 12%, while non-interest expenses are projected to be flat, with a clean operating expense run rate anticipated by late 2025 into 2026.Strong Top-Line Growth and NIM Expansion
MCB posted strong top-line growth with a net interest margin (NIM) increase of 18 basis points to 3.62%. The bank expects the NIM to stabilize around 3.45% to 3.5% for the year.
Solid Loan and Deposit Growth
Year-to-date, the loan book has grown by $275 million, with expectations to reach $500 million by year-end. Deposits increased by approximately $100 million in the quarter, with non-interest-bearing deposits declining due to GPG outflows.
Asset Quality and Credit Standards
Asset quality remains strong, with no new non-performing credits and no broad-based negative trends identified in the loan portfolio.
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MCB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MCB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 17, 2024 | $62.53 | $58.31 | -6.75% |
| Jul 18, 2024 | $54.18 | $55.90 | +3.17% |
| Apr 18, 2024 | $33.10 | $39.06 | +18.01% |
| Jan 18, 2024 | $46.96 | $45.94 | -2.17% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Metropolitan Bank Holding (MCB) report earnings?
Metropolitan Bank Holding (MCB) is schdueled to report earning on Jan 16, 2025, TBA Not Confirmed.
What is Metropolitan Bank Holding (MCB) earnings time?
Metropolitan Bank Holding (MCB) earnings time is at Jan 16, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MCB EPS forecast?
MCB EPS forecast for the fiscal quarter 2024 (Q4) is $1.49.
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