secwatch.observer — SEC 8-K summary
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Issuer:     Metropolitan Bank Holding Corp. (MCB)
CIK:        0001476034
Form:       8-K
Filed at:   2025-04-21T23:59:59+00:00
Accession:  0001558370-25-005073
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MCB Q1 net income $16.4M ($1.45 EPS), down from Q4; loans grow 5.1% to $6.3B
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- Net income $16.4M ($1.45 EPS) vs Q4 $21.4M ($1.88) and Q1 2024 $16.2M ($1.46).
- Total loans $6.3B, up 5.1% from Dec 31 and 10.9% YoY; Q1 loan production $409.8M.
- NIM 3.68%, up 2 bps linked qtr and 28 bps YoY; cost of funds down to 319 bps.
- NPL ratio 0.54% flat; ACL $67.8M, up $4.5M from linked quarter on loan growth.
- Repurchased $12.9M (228,926 shares) under $50M authorization, ~2% of shares outstanding.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476034/000155837025005073/0001558370-25-005073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476034/000155837025005073/mcb-20250421x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-005073

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