---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-048391"
form_type: "8-K"
ticker: "MCB"
cik: "0001476034"
company_name: "Metropolitan Bank Holding Corp."
filed_at: "2022-04-21T23:59:59+00:00"
generated_at: "2026-06-26T05:41:42.771869+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Metropolitan Bank reports Q1 2022 net income $19.0M, EPS $1.69, revenues up 38.6% YoY

## Summary
- Net income $19.0M ($1.69 diluted EPS) vs $12.1M ($1.43) in Q1 2021, up 57%.
- Total revenues $54.1M, up 38.6% YoY; BaaS revenues $5.7M, up 68.4% YoY.
- Loans $4.1B, up 27.3% YoY; deposits $5.9B, up 34.2% YoY; non-interest-bearing deposits 53.5% of total.
- Redeemed $25M of 6.25% subordinated debt; efficiency ratio improved to 45.5% from 52.1%.
- ROATCE 14.0%; book value per share $50.88, up 23.9% YoY; tangible book value $49.99.

## SEC filing metadata
- accession: 0001104659-22-048391
- form_type: 8-K
- ticker: MCB
- cik: 0001476034
- company_name: Metropolitan Bank Holding Corp.
- filed_at: 2022-04-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1476034/000110465922048391/0001104659-22-048391-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1476034/000110465922048391/tm2213275d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-048391
- JSON: https://secwatch.observer/filing/0001104659-22-048391.json
- Plain text: https://secwatch.observer/filing/0001104659-22-048391.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.