NYSE$MCB

Metropolitan Bank Holding Corp · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported net income with revenues increasing year-over-year and loans also increasing year-over-year.

Metropolitan Bank Holding Corp. reported a strong second quarter with a net income of $23.2 million, or $2.07 per diluted common share. Revenues increased 44.4% year-over-year and loans increased 26.8% year-over-year. The company's return on average tangible common equity was 16.7%.

  • Net income was $23.2 million, or $2.07 per diluted common share.
  • Total assets reached $6.9 billion, an 18.7% increase year-over-year.
  • Total loans increased by 26.8% year-over-year, reaching $4.4 billion.
  • Net interest margin improved to 3.27%.

Headline financials

Total Revenue

$55.3M

Previous: $37M+49.6%
EPS (adj)

$2.07

Previous: $1.55+33.5%
Return on average tangible common equity

16.7%

No prior period
Non-performing loans to total loans

0.0%

No prior period
Free Cash Flow

$23.2M

Previous: $13.3M+73.9%
Net Income

$23.2M

Previous: $13.3M+73.9%
Operating Income

$52.7M

Previous: $34.5M+53.0%
Gross Profit

$55.3M

Previous: $37M+49.6%
Cash & Equivalents

$1.3B

Previous: $1.72B-24.4%
Total Assets

$6.9B

Previous: $5.8B+19.0%
Stock-Based Comp

$2.04M

Previous: $1.86M+9.8%

Revenue & EPS history

Metropolitan Bank · Revenue · Quarterly

$55.3M

Q2 2022+49.6%vs Q2 2021
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Forward guidance

The company's strong market positioning and balance sheet strength position it well to serve existing and new clients, particularly with the Global Payments Group expanding its fintech relationships.

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 Q2 2022

Historical avgQ2 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

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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