secwatch.observer — SEC 8-K summary
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Issuer:     Metropolitan Bank Holding Corp. (MCB)
CIK:        0001476034
Form:       8-K
Filed at:   2022-10-20T23:59:59+00:00
Accession:  0001558370-22-015130
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 Q3: net income up 54% YoY to $25M, EPS $2.23, NIM expands to 3.85%
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- Total revenues $69.1M, up 48.1% YoY; net interest income $63.3M, up 55.2% YoY.
- Net interest margin 3.85%, up 115 bps YoY; total cost of funds 45 bps.
- Loans $4.6B (+28.1% YoY), deposits $5.7B (+5.0% YoY); book value $53.26/share.
- Digital currency deposits dropped $485.9M QoQ; total deposits fell 7.2% QoQ.
- No charge-offs; NPLs 0.00%; provision $2.0M; ROAA 1.51%, ROATCE 17.1%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476034/000155837022015130/0001558370-22-015130-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476034/000155837022015130/mcb-20221020x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-015130

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