---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-009892"
form_type: "8-K"
ticker: "MCB"
cik: "0001476034"
company_name: "Metropolitan Bank Holding Corp."
filed_at: "2024-07-18T23:59:59+00:00"
generated_at: "2026-05-31T19:36:59.972556+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MCB Q2 net income $16.8M ($1.50 EPS) beats Q1; NIM expands to 3.44%; NPLs drop to 0.53%

## Summary
- Q2 2024 diluted EPS $1.50 vs Q1 $1.46 and prior Q2 $1.37; net income $16.8M vs $16.2M linked quarter.
- Net interest margin 3.44% up 4 bp from Q1; net interest income $61.5M vs $59.7M linked quarter.
- Loans at $5.8B, up $119.7M from Q1; total deposits $6.2B, down $67.9M; strong liquidity coverage 228% of uninsured deposits.
- Non-performing loans ratio fell to 0.53% from 0.91% Q1; allowance for credit losses $60.0M.
- Incurred $5.5M in strategic expenses (GPG wind-down, regulatory remediation, digital transformation) in Q2.

## SEC filing metadata
- accession: 0001558370-24-009892
- form_type: 8-K
- ticker: MCB
- cik: 0001476034
- company_name: Metropolitan Bank Holding Corp.
- filed_at: 2024-07-18T23:59:59+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/1476034/000155837024009892/0001558370-24-009892-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1476034/000155837024009892/mcb-20240718x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-009892
- JSON: https://secwatch.observer/filing/0001558370-24-009892.json
- Plain text: https://secwatch.observer/filing/0001558370-24-009892.txt

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