NYSE$MCB

Metropolitan Bank Holding Corp · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported record quarterly and annual net income with banking-as-a-service revenues increased and tangible book value per share also increased.

Metropolitan Bank Holding Corp. reported a strong fourth quarter and full year for 2021, with record net income driven by growth in both the commercial bank and Global Payments business. Total assets, loans, and deposits all saw significant increases, reflecting the company's sustained performance and recognition as one of Fortune's 100 Fastest Growing Companies in 2021.

  • Net income for Q4 2021 was $18.9 million, or $1.69 per diluted common share, compared to $11.8 million, or $1.39 per diluted common share, for Q4 2020.
  • Total assets reached $7.1 billion at December 31, 2021, a 15.9% increase from September 30, 2021.
  • Total deposits increased to $6.4 billion at December 31, 2021, up 17.9% from September 30, 2021.
  • Non-interest income was $7.1 million for Q4 2021, an increase of $1.2 million from the prior linked quarter.

Headline financials

Total Revenue

$51.9M

Previous: $36.8M+40.8%
EPS (adj)

$1.69

Previous: $1.39+21.6%
Net interest margin

2.6%

Previous: 3.2%-19.3%
Non-performing loans to total loans

0.3%

Previous: 0.2%+40.0%
Net Income

$18.9M

Previous: $11.8M+60.2%
Operating Income

$28.6M

No prior period
Gross Profit

$51.9M

Previous: $36.8M+40.8%
Cash & Equivalents

$2.4B

Previous: $864M+177.7%
Total Assets

$7.1B

Previous: $4.33B+64.0%
Stock-Based Comp

$1.22M

Previous: $823K+47.8%

Revenue & EPS history

Metropolitan Bank · Revenue · Quarterly

$51.9M

Q4 2021+40.8%vs Q4 2020
Beat estimate in 6 of 16 quarters(38%)
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 Q4 2021

Historical avgQ4 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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