secwatch.observer — SEC 8-K summary
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Issuer:     Metropolitan Bank Holding Corp. (MCB)
CIK:        0001476034
Form:       8-K
Filed at:   2023-10-19T23:59:59+00:00
Accession:  0001558370-23-016541
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476034/000155837023016541/0001558370-23-016541-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476034/000155837023016541/mcb-20231019x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-016541

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