secwatch.observer — SEC 8-K summary
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Issuer:     Metropolitan Bank Holding Corp. (MCB)
CIK:        0001476034
Form:       8-K
Filed at:   2022-01-20T23:59:59+00:00
Accession:  0001104659-22-006014
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Metropolitan Bank Q4 net income $18.9M; full-year EPS $6.45, up 38.4% YoY
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- Q4 net income $18.9M ($1.69 EPS) vs $11.8M ($1.39 EPS) in Q4 2020; full-year net income $60.6M ($6.45 EPS), up 53.4% YoY.
- Total revenues $180.7M, up 27.3% YoY; Global Payments (BaaS) revenue increased 94.3% YoY.
- Loans $3.7B (+19% YoY), deposits $6.4B (+68% YoY); non-interest-bearing deposits 57% of total.
- Tangible book value per share $50.09, up 27.6% YoY; ROATCE 15.2%; efficiency ratio 48.3% vs 52.5% prior year.
- Completed $172.5M common equity offering in Sept 2021 at $75/share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476034/000110465922006014/0001104659-22-006014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476034/000110465922006014/tm224038d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-006014

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