Why Metropolitan Bank Holding Corp. Stock Is Up Big Today [Yahoo! Finance]
Metropolitan Bank Holding Corp. (MCB)
NASDAQ:AMEX Investor Relations:
metropolitanbankny.com/about-us.aspx
Company Research
Source: Yahoo! Finance
Shares of the New York-based commercial bank had soared 19% as of 11 a.m. ET after Metropolitan easily exceeded Wall Street expectations in its first-quarter earnings release Thursday. Solid earnings and strong deposit growth The New York banking market has been in the spotlight for all the wrong reasons in 2024. A near-death experience at New York Community has investors on edge about a potential bank run there or at other institutions in region, putting pressure on bank stocks Earnings at Metropolitan Bank should help make the case that no two banks are the same. The company earned $1.46 per share on sales of $66.7 million, topping Wall Street's $1.34 per share on $64.56 million consensus estimate. Total deposits stood at $6.2 billion at quarter-end, an increase of $500 million since Dec. 31 and of $1.1 billion in the last 12 months. The bank is also handling the higher interest rate environment relatively well, with net interest margin up slightly from year-end to 3.4%.
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MCB
News
- Metropolitan Commercial Bank Celebrates Quarter Century Anniversary [Yahoo! Finance]Yahoo! Finance
- Metropolitan Commercial Bank Celebrates Quarter Century AnniversaryBusiness Wire
- Here's Why Metropolitan Bank (MCB) Stock is Worth Betting On [Yahoo! Finance]Yahoo! Finance
- Is Metropolitan Bank Holding (MCB) Stock Undervalued Right Now? [Yahoo! Finance]Yahoo! Finance
- Should Value Investors Buy Metropolitan Bank Holding (MCB) Stock? [Yahoo! Finance]Yahoo! Finance
MCB
Earnings
- 4/18/24 - Beat
MCB
Analyst Actions
- 4/4/24 - JP Morgan
MCB
Sec Filings
- 6/12/24 - Form 4
- 6/11/24 - Form 4
- 5/30/24 - Form 3
- MCB's page on the SEC website