---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-016541"
form_type: "8-K"
ticker: "MCB"
cik: "0001476034"
company_name: "Metropolitan Bank Holding Corp."
filed_at: "2023-10-19T23:59:59+00:00"
generated_at: "2026-06-09T20:26:46.150823+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Metropolitan Bank Q3 2023: EPS $1.97, deposits +$233M QoQ, NII stable at $53.6M

## Summary
- Net income of $22.1M ($1.97 diluted EPS) vs $25.0M ($2.23) in Q3 2022 and $15.6M ($1.37) in Q2 2023.
- Total deposits grew $233M QoQ to $5.5B; non-interest-bearing deposits declined to 31.6% of total.
- Net loans increased $205M QoQ to $5.4B, led by CRE and C&I; loan production was $333.5M.
- Net interest margin 3.27%, down 17 bps QoQ; cost of funds rose to 3.03% from 2.52%.
- Asset quality: NPL/total loans 0.58%, ACL $52.3M; regulatory settlement reserve reversed $3.0M.

## SEC filing metadata
- accession: 0001558370-23-016541
- form_type: 8-K
- ticker: MCB
- cik: 0001476034
- company_name: Metropolitan Bank Holding Corp.
- filed_at: 2023-10-19T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1476034/000155837023016541/0001558370-23-016541-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1476034/000155837023016541/mcb-20231019x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-016541
- JSON: https://secwatch.observer/filing/0001558370-23-016541.json
- Plain text: https://secwatch.observer/filing/0001558370-23-016541.txt

## Key facts
- Earnings Releases
  Metropolitan Bank Holding Corp. reported the third quarter of 2023 results: net income $22.1 million, EPS $1.97 per diluted common share.
  - Period: the third quarter of 2023
  - Net income: $22.1 million
  - EPS: $1.97 per diluted common share
  - Result: reported results
  source text: Metropolitan Bank Holding Corp. (the "Company") (NYSE: MCB), the holding company for Metropolitan Commercial Bank (the "Bank"), reported net income of $22.1 million, or $1.97 per diluted common share, for the third quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1476034/000155837023016541/0001558370-23-016541-index.htm

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