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

Metropolitan Bank Holding

18/04/2023 22:01

* Metropolitan Bank Holding Corp  MCB.N  reported quarterly
adjusted earnings of $2.25​​ per share for the quarter ended in
March. The mean expectation of two analysts for the quarter was
for earnings of $1.79 per share.
    * Revenue rose 21.2% to $65.51 million from a year ago;
analysts
expected $66.15 million. 
    * Metropolitan Bank Holding Corp's reported EPS for the
quarter
was $2.25​.
    * The mean earnings estimate of analysts had fallen by
about 12.9%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Metropolitan Bank Holding Corp shares had fallen by 8.1%
this
quarter and lost 46.9% so far this year.
    * The company reported quarterly net income of $25.08
million.
    * Wall Street's median 12-month price target for
Metropolitan Bank
Holding Corp is $69.00 
    * 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
April 18 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      1.85           2.07           Beat