secwatch.observer — SEC 8-K summary
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Issuer:     Metropolitan Bank Holding Corp. (MCB)
CIK:        0001476034
Form:       8-K
Filed at:   2022-07-21T23:59:59+00:00
Accession:  0001104659-22-081582
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Metropolitan Bank Q2 net income $23.2M ($2.07 EPS); revenue up 44.4% YoY
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- Q2 net income $23.2M ($2.07 diluted EPS) vs $13.3M ($1.55) YoY.
- Total revenues $62.3M, up 44.4% YoY; Banking-as-a-Service revenues $5.2M, up 36.1%.
- Net interest margin 3.27%, up 59 bps YoY; efficiency ratio improved to 42.2%.
- Loans $4.4B, up 26.8% YoY; deposits $6.2B, up 16.8%; non-performing loans 0.00%.
- Return on avg tangible common equity 16.7%; book value per share $52.54, up 22.4%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476034/000110465922081582/0001104659-22-081582-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476034/000110465922081582/tm2221585d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-081582

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