secwatch.observer — SEC 8-K summary
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Issuer:     Metropolitan Bank Holding Corp. (MCB)
CIK:        0001476034
Form:       8-K
Filed at:   2022-04-21T23:59:59+00:00
Accession:  0001104659-22-048391
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 reports Q1 2022 net income $19.0M, EPS $1.69, revenues up 38.6% YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476034/000110465922048391/0001104659-22-048391-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476034/000110465922048391/tm2213275d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-048391

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer