secwatch.observer — SEC 8-K summary
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Issuer:     Metropolitan Bank Holding Corp. (MCB)
CIK:        0001476034
Form:       8-K
Filed at:   2023-01-20T23:59:59+00:00
Accession:  0001558370-23-000381
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MCB reports Q4 net loss of $7.7M on $35M regulatory reserve; adjusted EPS $2.43
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- Q4 2022 net loss of $7.7M ($0.71 diluted loss) vs net income of $18.9M in Q4 2021.
- Adjusted net income of $27.3M ($2.43 diluted EPS) excluding the $35M regulatory settlement reserve.
- Full year 2022 net income $59.4M ($5.29 diluted EPS); adjusted net income $94.4M ($8.42 diluted EPS).
- Net interest income rose 42.6% YoY to $63.9M; NIM expanded 146 bps to 4.05%.
- Accrued $35M pre-tax charge for Federal Reserve and NYSDFS investigations regarding a prepaid debit card program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476034/000155837023000381/0001558370-23-000381-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476034/000155837023000381/mcb-20230120x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-000381

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