Metropolitan Bank Holding Corp reports results for the quarter ended in June - Earnings Summary

Metropolitan Bank Holding

20/07/2023 22:01

* Metropolitan Bank Holding Corp  MCB.N  reported quarterly
adjusted earnings of $1.37​​ per share for the quarter ended in
June. The mean expectation of two analysts for the quarter was
for earnings of $1.75 per share.
    * Revenue fell 1.1% to $61.61 million from a year ago;
analysts
expected $62.28 million. 
    * Metropolitan Bank Holding Corp's reported EPS for the
quarter
was $1.37​.
    * The mean earnings estimate of analysts had risen by
about 1.2%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Metropolitan Bank Holding Corp shares had risen by 36.8%
this
quarter and lost 19.0% so far this year.
    * The company reported quarterly net income of $15.56
million.
    * Wall Street's median 12-month price target for
Metropolitan Bank
Holding Corp is $57.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
20 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.75           1.37           Missed
 Mar. 31 2023      1.79           2.25           Beat
 Dec. 31 2022      2.33           2.44           Beat
 Sep. 30 2022      2.34           2.23           Missed