NYSE$MCB

Metropolitan Bank Holding Corp · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Reported strong Q4 and full year results, underscored by successful execution of strategic initiatives.

Metropolitan Bank Holding Corp. reported a strong fourth quarter with net income of $21.4 million, or $1.88 per diluted common share, compared to $14.6 million, or $1.28 per diluted common share, for the same quarter last year. The net interest margin increased to 3.66%, and total loans reached $6.0 billion. Deposit growth was also strong, with total deposits reaching $6.0 billion.

  • Net interest margin increased by 4 basis points to 3.66% compared to the prior quarter and 30 basis points year-over-year.
  • Total loans grew to $6.0 billion, up 2.3% from the previous quarter and 7.3% from the prior year.
  • Total deposits reached $6.0 billion, reflecting a 4.3% increase from the prior year.
  • Diluted earnings per share were $1.88, compared to $1.08 for the prior linked quarter and $1.28 for the prior year period.

Headline financials

Total Revenue

$71M

Previous: $63.6M+11.7%
EPS (adj)

$1.88

Previous: $1.28+46.9%
Net interest margin

3.7%

Previous: 3.4%+8.9%
Return on average assets

1.2%

No prior period
Return on average equity

11.8%

No prior period
Return on average tangible common equity

12.0%

No prior period
Non-performing loans to total loans

0.5%

Previous: 0.9%-41.3%
Allowance for credit losses to total loans

1.1%

Previous: 1.0%+8.7%
Tier 1 Leverage (Holding Corp)

10.8%

No prior period
Tier 1 Leverage (Commercial Bank)

10.6%

No prior period
CET1 Risk-Based (Holding Corp)

11.9%

No prior period
CET1 Risk-Based (Commercial Bank)

12.0%

No prior period
Tier 1 Risk-Based (Holding Corp)

12.3%

No prior period
Tier 1 Risk-Based (Commercial Bank)

12.0%

No prior period
Total Risk-Based (Holding Corp)

13.3%

No prior period
Total Risk-Based (Commercial Bank)

13.0%

No prior period
Yield on average earning assets

6.6%

No prior period
Total cost of deposits

3.1%

No prior period
Net interest spread

2.3%

No prior period
Efficiency ratio

53.7%

Previous: 58.4%-8.0%
Net charge-offs as % of average loans

0.0%

No prior period
Total cost of funds

3.3%

No prior period
Capital Expenditures

-$1.14M

No prior period
Net Income

$21.4M

Previous: $14.6M+47.0%
Operating Income

$31.3M

Previous: $19.9M+57.8%

Revenue & EPS history

Metropolitan Bank · Revenue · Quarterly

$71M

Q4 2024+11.7%vs Q4 2023
Beat estimate in 8 of 15 quarters(53%)
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 2024

Historical avgQ4 2024

+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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