NYSE$MCB

Metropolitan Bank Holding Corp · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Reported net income of $6.1 million and diluted EPS of $0.72, with growth in loans, deposits, and net interest margin.

Metropolitan Bank Holding Corp. reported a net income of $6.1 million, or $0.72 per diluted common share, for the first quarter of 2020. The results were impacted by a $3.1 million provision for loan losses related to COVID-19.

  • Net income for Q1 2020 was $6.1 million, or $0.72 per diluted common share.
  • Included a $3.1 million COVID-19-related provision for loan losses.
  • Total assets reached $3.61 billion.
  • Total deposits increased to $3.02 billion.

Headline financials

Total Revenue

$29M

Previous: $20.9M+38.7%
EPS (adj)

$0.72

Previous: $1.01-28.7%
Free Cash Flow

$6.1M

Previous: $8.53M-28.5%
Net Income

$6.1M

Previous: $8.53M-28.5%
Operating Income

$19M

Previous: $13.4M+41.8%
Gross Profit

$29M

Previous: $20.9M+38.7%
Cash & Equivalents

$582M

Previous: $356M+63.6%
Total Assets

$3.61B

Previous: $2.55B+41.8%

Revenue & EPS history

Metropolitan Bank · Revenue · Quarterly

$29M

Q1 2020+38.7%vs Q1 2019
Beat estimate in 10 of 13 quarters(77%)
ActualEstimate

Forward guidance

The company is positioned to identify opportunities on both sides of its balance sheet which will continue to contribute to long term stability and the Company’s intrinsic franchise value.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+1.4%

Avg return

Earnings day

+2.8%

Avg return

5 days after

+5.7%

Avg return

30 days after

60%

25 / 42 earnings

Positive

+19.6%

Q1 2024

Best reaction

-12.0%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.8%+1.5%+2.0%
Q4 2025+13.7%+11.5%+18.2%
Q3 2025-4.9%-10.3%-2.1%
Q2 2025-1.8%-2.1%+4.3%
Q1 2025+3.6%+9.6%+15.2%
Q4 2024+7.9%+5.2%-2.6%
Q3 2024-3.5%-8.0%+6.8%
Q2 2024-1.0%-2.9%-15.5%
Q1 2024+19.6%+30.7%+36.9%
Q4 2023-4.2%+2.8%-6.6%
Q3 2023-0.4%-1.9%+13.1%
Q2 2023-12.0%-6.6%-10.5%
Q1 2023+16.4%+8.9%-18.5%
Q4 2022-4.6%-2.5%-0.2%
Q3 2022-5.1%+0.6%+5.5%
Q2 2022+3.1%+5.0%+14.8%
Q1 2022-7.3%-14.4%-28.1%
Q4 2021-3.4%-2.0%-4.0%
Q3 2021+5.3%+11.0%+13.3%
Q2 2021+11.0%+18.3%+30.3%
Q1 2021+11.7%+17.7%+22.1%
Q4 2020+2.0%+9.3%+23.9%
Q3 2020-1.8%-4.5%+7.2%
Q2 2020+0.2%-2.5%-3.0%
Q1 2020-4.5%+8.3%+9.4%
Q4 2019+2.9%+2.9%+4.5%
Q3 2019+0.2%+2.2%+10.0%
Q2 2019-0.9%+1.1%-14.8%
Q1 2019+5.4%+7.4%+7.9%
Q4 2018+1.8%-2.0%+7.9%
Q3 2018+2.9%+3.3%+6.7%
Q2 2018-0.5%-3.6%-16.8%
Q1 2017+0.4%+0.5%+8.5%
Q1 2018+4.5%+5.3%+9.0%
Q2 2016+1.1%+2.0%+13.4%
Q4 2016+1.1%+2.0%+13.4%
Q4 2015+1.1%+2.0%+13.4%
Q2 2017+1.1%+2.0%+13.4%
Q1 2016+1.1%+2.0%+13.4%
Q4 2017+3.2%+8.2%+2.9%
Q3 2016-3.7%-9.1%-9.5%
Q3 2017+0.3%+7.0%+24.8%

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