---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-005312"
form_type: "8-K"
ticker: "MCB"
cik: "0001476034"
company_name: "Metropolitan Bank Holding Corp."
filed_at: "2024-04-18T23:59:59+00:00"
generated_at: "2026-06-03T18:43:55.616851+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# MCB Q1 2024 net income $16.2M ($1.46 EPS); deposits up 8.7% QoQ; NIM expands 4bps

## Summary
- Net income $16.2M ($1.46 diluted EPS) vs $14.6M ($1.28) in Q4 2023 and $25.1M ($2.25) in Q1 2023.
- Total deposits grew $500.3M (8.7%) to $6.2B; loans increased $94.4M to $5.7B from Dec 31, 2023.
- Net interest margin 3.40%, up 4bps QoQ but down 46bps YoY; net interest income $59.7M.
- Non-interest expense $41.9M included $4.9M of GPG wind-down, regulatory remediation, and digital transformation costs.
- Asset quality stable: NPLs to total loans 0.91%; total risk-based capital ratio 12.9% (well capitalized).

## SEC filing metadata
- accession: 0001558370-24-005312
- form_type: 8-K
- ticker: MCB
- cik: 0001476034
- company_name: Metropolitan Bank Holding Corp.
- filed_at: 2024-04-18T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1476034/000155837024005312/0001558370-24-005312-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1476034/000155837024005312/mcb-20240418x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-005312
- JSON: https://secwatch.observer/filing/0001558370-24-005312.json
- Plain text: https://secwatch.observer/filing/0001558370-24-005312.txt

## Key facts
- Earnings Releases
  Metropolitan Bank Holding Corp. reported first quarter of 2024 results: revenue $66,713 thousand, net income $16,203 thousand, EPS $1.46.
  - Period: first quarter of 2024
  - Revenue: $66,713 thousand
  - Net income: $16,203 thousand
  - EPS: $1.46
  - Result: reported results
  source text: Net income of $16.2 million, or $1.46 per diluted common share, for the first quarter of 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1476034/000155837024005312/0001558370-24-005312-index.htm

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