secwatch.observer — SEC 8-K summary
======================================

Issuer:     Metropolitan Bank Holding Corp. (MCB)
CIK:        0001476034
Form:       8-K
Filed at:   2024-01-18T23:59:59+00:00
Accession:  0001558370-24-000362
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476034/000155837024000362/0001558370-24-000362-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476034/000155837024000362/mcb-20240118x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-000362

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer