secwatch.observer — SEC 8-K summary
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Issuer:     Metropolitan Bank Holding Corp. (MCB)
CIK:        0001476034
Form:       8-K
Filed at:   2024-10-17T23:59:59+00:00
Accession:  0001558370-24-013370
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Metropolitan Bank Q3 net income $12.3M ($1.08 EPS); NIM rises to 3.62% on loan growth, regulatory reserve weighs
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- Net income $12.3M ($1.08 diluted EPS) vs $16.8M ($1.50) in Q2 2024 and $22.1M ($1.97) in Q3 2023.
- Net interest margin expanded to 3.62% from 3.44% in Q2 2024, driven by higher loan yields and prepayment fees.
- Recorded $12.6M pre-tax charges including $10M regulatory reserve for fintech client investigation; EPS impact $0.78.
- Total loans $5.9B (+$58.2M QoQ, +$542.6M YoY); deposits $6.3B (+$100.2M QoQ, +$748.3M YoY).
- Non-performing loans stable at 0.53%; well-capitalized with total risk-based capital 13.2% (company) and 12.9% (bank).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476034/000155837024013370/0001558370-24-013370-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476034/000155837024013370/mcb-20241017x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-013370

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