NYSE$MCB

Metropolitan Bank Holding Corp · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported record net income and diluted EPS for the fourth quarter.

Metropolitan Bank Holding Corp. reported a record net income of $11.8 million, or $1.39 per diluted common share, for the fourth quarter of 2020, compared to $7.9 million, or $0.93 per diluted common share, for the fourth quarter of 2019.

  • Net income for Q4 2020 was $11.8 million, or $1.39 per diluted common share.
  • Total assets reached $4.33 billion at the end of 2020, a 29.0% increase from the previous year.
  • Total deposits increased to $3.82 billion, up 36.8% from the previous year.
  • Net interest income for Q4 2020 was $33.5 million, an increase of $1.1 million from the linked quarter.

Headline financials

Total Revenue

$36.8M

Previous: $30.9M+19.2%
EPS (adj)

$1.39

Previous: $0.93+49.5%
Net interest margin

3.2%

Previous: 3.4%-4.2%
Non-performing loans to total loans

0.2%

No prior period
Net Income

$11.8M

Previous: $7.9M+49.4%
Gross Profit

$36.8M

No prior period
Cash & Equivalents

$864M

Previous: $391M+120.9%
Total Assets

$4.33B

Previous: $3.36B+28.9%
Stock-Based Comp

$823K

Previous: $1.09M-24.6%

Revenue & EPS history

Metropolitan Bank · Revenue · Quarterly

$36.8M

Q4 2020+19.2%vs Q4 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

The bank has revised its Return-to-work Plan to allow up to 75% of employees to return to work as of January 11, 2021 and will continue to revise the Return-to-Work Plan, as necessary.

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 Q4 2020

Historical avgQ4 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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