MCB reports Q4 2023 net income $14.6M, $1.28 diluted EPS; deposits grow 3.9% sequentially, NPL ratio rises to 0.92%

Metropolitan Bank Holding Corp.

2023-FY EPS reported $6.91 revenue$27,880,000

Net income Q4 2023 $14.6M ($1.28 diluted EPS) vs net loss of $7.7M (-$0.71) in Q4 2022.
Total deposits $5.7B, +$215.7M (3.9%) from Q3 2023; net loans $5.6B, +$270.3M (5.0%) from Q3.
Net interest margin 3.36% vs 3.27% prior quarter and 4.05% prior year; full-year NIM 3.49% unchanged YoY.
Non-performing loans ratio 0.92% (Dec 31, 2023) vs 0.58% (Sept 30, 2023) and 0.00% (Dec 31, 2022).
Full year 2023 ROE 12.4%, ROATCE 12.6%; regulatory capital ratios well above minimums.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Metropolitan Bank Holding Corp. reported the fourth quarter and full year of 2023 results: net income net income of $14.6 million, or $1.28 per diluted common share, for the fourth quarter of 2023... Net income for the yea.

Period: the fourth quarter and full year of 2023
Net income: net income of $14.6 million, or $1.28 per diluted common share, for the fourth quarter of 2023... Net income for the yea
Result: reported results

Exact text from the filing

On January 18, 2024, Metropolitan Bank Holding Corp. (the "Company"), the holding company for Metropolitan Commercial Bank (the "Bank"), issued a press release announcing its financial results for the fourth quarter and full year of 2023.

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Metropolitan Bank Holding Corp. filing history →

Source: SEC EDGAR

accession 0001558370-24-000362

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