NYSE$MCB

Metropolitan Bank Holding Corp · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported net income and diluted EPS for the first quarter

Metropolitan Bank Holding Corp. reported a net income of $12.1 million, or $1.43 per diluted common share, for the first quarter of 2021, compared to $6.1 million, or $0.72 per diluted common share, for the first quarter of 2020.

  • Total assets reached $4.92 billion, a 13.7% increase from December 31, 2020.
  • Total loans before deferred fees increased to $3.24 billion.
  • Total cash and cash equivalents increased to $1.14 billion, a 31.3% increase from December 31, 2020.
  • Total deposits increased to $4.43 billion, up 15.6% from December 31, 2020.

Headline financials

Total Revenue

$34.4M

Previous: $29M+18.8%
EPS (adj)

$1.43

Previous: $0.72+98.6%
Net interest margin

3.0%

No prior period
Non-performing loans to total loans

0.2%

No prior period
Free Cash Flow

$12.1M

Previous: $6.1M+98.7%
Net Income

$12.1M

Previous: $6.1M+98.7%
Operating Income

$31.3M

Previous: $19M+65.0%
Gross Profit

$34.4M

Previous: $29M+18.8%
Cash & Equivalents

$1.14B

Previous: $582M+94.9%
Total Assets

$4.92B

Previous: $3.61B+36.3%
Stock-Based Comp

$586K

No prior period

Revenue & EPS history

Metropolitan Bank · Revenue · Quarterly

$34.4M

Q1 2021+18.8%vs Q1 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

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 2021

Historical avgQ1 2021

+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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