Metropolitan Bank Holding Corp reports results for the quarter ended December 31 - Earnings Summary

Metropolitan Bank Holding

23/01/2025 22:01

* Metropolitan Bank Holding Corp  MCB.N  reported quarterly
adjusted earnings of $1.88​​ per share for the quarter ended
December 31, higher than the same quarter last year, when the
company reported EPS of $1.28.  The mean expectation of
three analysts for the quarter was for earnings of $1.42 per
share. Wall Street expected results to range from $1.27 
to $1.50 per share.
    * Revenue rose 11.7% to $71.00 million from a year ago;
analysts
expected $67.43 million. 
    * Metropolitan Bank Holding Corp's reported EPS for the
quarter
was $1.88​.
    * The company reported quarterly net income of $21.42
million.
    * Metropolitan Bank Holding Corp shares had risen by 3.3%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Metropolitan Bank
Holding Corp is $75.00 
This summary was machine generated from LSEG data January 23 at
10:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      1.42           1.88           Beat
 Sep. 30 2024      1.55           1.08           Missed
 Jun. 30 2024      1.57           1.50           Missed
 Mar. 31 2024      1.34           1.46           Beat