secwatch.observer — SEC 8-K summary
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Issuer:     Metropolitan Bank Holding Corp. (MCB)
CIK:        0001476034
Form:       8-K
Filed at:   2025-01-23T23:59:59+00:00
Accession:  0001558370-25-000363
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MCB Q4 net income $21.4M ($1.88 EPS); NIM expands 30 bps YoY to 3.66%
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- Q4 EPS $1.88 vs $1.08 Q3 and $1.28 year ago; full-year EPS $5.93 vs $6.91 in 2023.
- Net interest margin 3.66% (+30 bps YoY); total cost of funds 325 bps, down from Q3's 339 bps.
- Total loans $6.0B (+7.3% YoY); deposits $6.0B (+4.3% YoY) despite $689M GPG deposit wind down.
- Non-performing loans ratio 0.54%; allowance for credit losses $63.3M.
- CEO cites successful exit of BaaS business and technology transformation on track for late 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476034/000155837025000363/0001558370-25-000363-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476034/000155837025000363/mcb-20250123x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-000363

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