NYSE$MCB
Metropolitan Bank Holding Corp · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported a net income of $19.0 million, driven by sustained balance sheet growth and Banking-as-a-Service business expansion.
Metropolitan Bank Holding Corp. reported a strong first quarter with a net income of $19.0 million, or $1.69 per diluted common share. Revenues increased 38.6% year-over-year, and loans increased 10.4% quarter-over-quarter. The company's return on average tangible common equity was 14.0%.
- Net income for the first quarter of 2022 was $19.0 million, or $1.69 per diluted common share, compared to $12.1 million, or $1.43 per diluted common share, for the first quarter of 2021.
- Total assets reached $6.6 billion, a 34.5% increase from March 31, 2021.
- Total loans, net of deferred fees and unamortized costs, were $4.1 billion, up 10.4% from December 31, 2021.
- Total deposits were $5.9 billion, a 34.2% increase from March 31, 2021.
Headline financials
Revenue & EPS history
Metropolitan Bank · Revenue · Quarterly
$46.6M
Forward guidance
The company did not provide specific forward guidance but expressed confidence in its long runway for momentum, despite economic uncertainty.
Tailwinds
- Strategic deployment of liquidity by both MCB and its clients.
- Substantial deployment of liquidity into lending and securities.
- Repayment of outstanding subordinated debt.
- Significant liquidity moving into business investments and acquisitions by clients.
- Immediate benefits expected from these initiatives and clients’ strategic investments.
Headwinds
- Economic uncertainty.
- Potential disruptions that need to be addressed while sustaining growth and profitability.
- Unexpected deterioration in loan or securities portfolios.
- Unexpected increases in expenses.
- Potential adverse changes in customers’ economic conditions or general economic conditions.
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 2022
+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
| Quarter | Report date | Reaction (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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