---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-006144"
form_type: "8-K"
ticker: "MCB"
cik: "0001476034"
company_name: "Metropolitan Bank Holding Corp."
filed_at: "2023-04-18T23:59:59+00:00"
generated_at: "2026-06-17T00:40:38.172074+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Metropolitan Bank Q1 net income $25.1M, EPS $2.25, up 33% YoY; core deposits grow

## Summary
- Net income $25.1M ($2.25 diluted EPS) vs $19.0M ($1.69) in Q1 2022; revenues $65.5M up 21%.
- Net interest margin 3.86% (up 115 bps YoY); total loans $4.9B (+17.7% YoY); core deposits (ex-crypto) $4.9B, up $69M from Q4.
- Exiting crypto vertical nearly complete; crypto deposits $217.6M (4% of total) vs $278.5M at year-end.
- Insured deposits now 71% of total (up from 60% at Dec 2022); liquidity coverage at 208% of uninsured deposits.
- Non-performing loans rose to 0.50% from 0.00% prior quarters; regulatory settlement reserve reduced by $2.5M.

## SEC filing metadata
- accession: 0001558370-23-006144
- form_type: 8-K
- ticker: MCB
- cik: 0001476034
- company_name: Metropolitan Bank Holding Corp.
- filed_at: 2023-04-18T23:59:59+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/1476034/000155837023006144/0001558370-23-006144-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1476034/000155837023006144/mcb-20230418x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-006144
- JSON: https://secwatch.observer/filing/0001558370-23-006144.json
- Plain text: https://secwatch.observer/filing/0001558370-23-006144.txt

## Key facts
- Earnings Releases
  Metropolitan Bank Holding Corp. reported first quarter of 2023 results: revenue $65.5 million, net income $25.1 million, EPS $2.25 per diluted common share.
  - Period: first quarter of 2023
  - Revenue: $65.5 million
  - Net income: $25.1 million
  - EPS: $2.25 per diluted common share
  - Result: reported results
  source text: Quarterly Financial Highlights Year-Over-Year: ● Net income of $25.1 million, an increase of 31.8%. ● Diluted earnings per share of $2.25, an increase of 33.1%. ● Revenues 1 of $65.5 million, an increase of 21.2%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1476034/000155837023006144/0001558370-23-006144-index.htm

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