earnings
confidence high
sentiment positive
materiality 0.80
Metropolitan Bank Q3 net income $16.2M, diluted EPS $1.77, revenue up 29.8% YoY
Metropolitan Bank Holding Corp.
2021-Q3 EPS reported
$4.76
revenue$16,078,000
- Diluted EPS of $1.77 vs $1.27 last year; net income up 50.4% YoY.
- Total loans $3.6B, up 20.5% YoY; deposits $5.5B, up 54.7% YoY.
- Raised $172.5M via common stock issuance at $75/share; net proceeds ~$163M.
- Net interest margin 2.70%; non-interest income increased $2.3M from Q3 2020.
- Net recoveries $0.3M; non-performing loans 0.4%; provision $0.5M.