---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-012009"
form_type: "8-K"
ticker: "MCB"
cik: "0001476034"
company_name: "Metropolitan Bank Holding Corp."
filed_at: "2023-07-20T23:59:59+00:00"
generated_at: "2026-06-13T05:33:13.984822+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MCB Q2 EPS $1.37 vs $2.07 YoY; NIM 3.44%; loans up 17.7% YoY; crypto exit complete

## Summary
- Net income $15.6M ($1.37 diluted EPS) vs $23.2M ($2.07) a year ago; provision for credit losses $4.3M.
- Net interest margin 3.44% (down 42 bps QoQ, up 17 bps YoY); total cost of funds 252 bps.
- Loans $5.1B +17.7% YoY; non-crypto deposits +7.8% QoQ; insured deposits rise to 73% of total.
- Non-performing loans / total loans 0.47% vs 0.00% a year ago; ACL at $51.7M.
- Effective tax rate 37.4% due to discrete stock-award rescission; total risk-based capital 13.2%.

## SEC filing metadata
- accession: 0001558370-23-012009
- form_type: 8-K
- ticker: MCB
- cik: 0001476034
- company_name: Metropolitan Bank Holding Corp.
- filed_at: 2023-07-20T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1476034/000155837023012009/0001558370-23-012009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1476034/000155837023012009/mcb-20230720x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-012009
- JSON: https://secwatch.observer/filing/0001558370-23-012009.json
- Plain text: https://secwatch.observer/filing/0001558370-23-012009.txt

## Key facts
- Earnings Releases
  Metropolitan Bank Holding Corp. reported the second quarter of 2023 results: net income $15.6 million, EPS $1.37 per diluted common share.
  - Period: the second quarter of 2023
  - Net income: $15.6 million
  - EPS: $1.37 per diluted common share
  - Result: reported results
  source text: reported net income of $15.6 million, or $1.37 per diluted common share, for the second quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1476034/000155837023012009/0001558370-23-012009-index.htm

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