| Metropolitan Bank Holding Corp. (MCB) Q1 2025 Earnings Call Transcript |
Metropolitan Bank Holding Corp. (NYSE:MCB ) Q1 2025 Earnings Conference Call April 22, 2025 9:00 AM ET Company Participants Mark DeFazio - President and Chief Executive Officer Daniel Dougherty - Executive Vice President and Chief Financial Officer Conference Call Participants Mark Fitzgibbon - Piper Sandler Ynyra Bohan - Hovde Group Chris O'Connell - KBW Operator Welcome to the Metropolitan Commercial Bank's First Quarter 2025 Earnings Call. Hosting the call today from Metropolitan Commercial Bank are Mark DeFazio, President and Chief Executive Officer; and Daniel Dougherty, Executive Vice President and Chief Financial Officer. |
seekingalpha.com |
2025-04-22 21:41:52 |
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| Metropolitan Bank Holding Corp. (MCB) Lags Q1 Earnings Estimates |
Metropolitan Bank Holding Corp. (MCB) came out with quarterly earnings of $1.45 per share, missing the Zacks Consensus Estimate of $1.61 per share. This compares to earnings of $1.46 per share a year ago. |
zacks.com |
2025-04-21 22:15:32 |
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| Metropolitan Bank Holding Corp. Reports First Quarter 2025 Results |
NEW YORK--(BUSINESS WIRE)--Metropolitan Bank Holding Corp. (the “Company”) (NYSE: MCB), the holding company for Metropolitan Commercial Bank (the “Bank”), reported net income of $16.4 million, or $1.45 per diluted common share, for the first quarter of 2025 compared to $21.4 million, or $1.88 per diluted common share, for the fourth quarter of 2024, and $16.2 million, or $1.46 per diluted common share, for the first quarter of 2024. Mark DeFazio, President and Chief Executive Officer, commented. |
businesswire.com |
2025-04-21 20:05:00 |
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| Metropolitan Bank Holding Corp. Announces First Quarter 2025 Earnings Release and Conference Call Date |
NEW YORK--(BUSINESS WIRE)--Metropolitan Bank Holding Corp. (the “Company”) (NYSE: MCB), the holding company for Metropolitan Commercial Bank, today announced it will release first quarter 2025 financial results after the market closes on Monday, April 21, 2025. The Company will conduct a conference call at 9:00 a.m. ET on Tuesday, April 22, 2025, to discuss the results. To access the event by telephone, please dial 800-579-2543 (US), 785-424-1789 (INTL), and provide conference ID: MCBQ125 appro. |
businesswire.com |
2025-04-09 18:00:00 |
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| Metropolitan Bank Holding Announces a New Share Buyback Program |
MCB, which did not have any share repurchase plan in place in the last two years, announces a share repurchase program worth $50 million. |
zacks.com |
2025-03-14 13:11:04 |
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| Metropolitan Bank Holding Corp. Announces $50 million Stock Repurchase Program |
NEW YORK--(BUSINESS WIRE)-- #mcb--Metropolitan Bank Holding Corp. (“Company”) the publicly traded holding company of Metropolitan Commercial Bank (“MCB” or the “Bank”) is pleased to announce that its board of directors has approved a share repurchase plan with authorization to purchase up to fifty million dollars ($50,000,000) of the common stock of the Company (NYSE: MCB). The purpose of the strategic initiative is to demonstrate the Company's commitment to delivering total return to its investors. “. |
businesswire.com |
2025-03-12 18:59:00 |
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| Metropolitan Bank: Solid Financials, Reasonable Valuation, But Range Trade For Now |
Metropolitan Bank Holding Corp. remains solid with stable margins despite recent toppish growth, supported by prudent loan origination and diversification, especially in the CRE market. MCB maintains decent liquidity and capital adequacy, ensuring it can cover risks and crises, with a CET1 Ratio of 12% and total capital ratio of 13.3%. The stock is underpriced, trading at 0.9x book value, offering an 18% upside potential with a target price of $66.93. |
seekingalpha.com |
2025-03-09 16:10:27 |
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| Are Investors Undervaluing Metropolitan Bank Holding (MCB) Right Now? |
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. |
zacks.com |
2025-03-03 12:46:21 |
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| Does Metropolitan Bank Holding (MCB) Have the Potential to Rally 32.77% as Wall Street Analysts Expect? |
The average of price targets set by Wall Street analysts indicates a potential upside of 32.8% in Metropolitan Bank Holding (MCB). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock. |
zacks.com |
2025-02-17 12:55:23 |
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| Should Value Investors Buy Metropolitan Bank Holding (MCB) Stock? |
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. |
zacks.com |
2025-02-14 12:41:09 |
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| Wall Street Analysts Predict a 28.05% Upside in Metropolitan Bank Holding (MCB): Here's What You Should Know |
The consensus price target hints at a 28.1% upside potential for Metropolitan Bank Holding (MCB). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term. |
zacks.com |
2025-01-30 12:56:08 |
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| Are Investors Undervaluing Metropolitan Bank Holding (MCB) Right Now? |
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. |
zacks.com |
2025-01-29 12:46:28 |
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| Best Momentum Stocks to Buy for January 27th |
MCB, HBT and APH made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on January 27, 2024. |
zacks.com |
2025-01-27 13:16:13 |
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| Best Value Stocks to Buy for January 27th |
MCB, HBT and FFCO made it to the Zacks Rank #1 (Strong Buy) value stocks list on January 27, 2024. |
zacks.com |
2025-01-27 09:06:22 |
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| Metropolitan Bank Holding Corp. (MCB) Q4 2024 Earnings Call Transcript |
Metropolitan Bank Holding Corp. (NYSE:MCB ) Q4 2024 Results Conference Call January 24, 2025 9:00 AM ET Company Participants Mark DeFazio - President & CEO Daniel Dougherty - EVP & CFO Conference Call Participants Chris O'Connell - KBW Mark Fitzgibbon - Piper Sandler Feddie Strickland - Hovde Group Operator Welcome to Metropolitan Commercial Bank's Fourth Quarter and Full Year 2024 Earnings Call. Hosting the call today for Metropolitan Commercial Bank are Mark DeFazio, President and Chief Executive Officer; and Daniel Dougherty, Executive Vice President and Chief Financial Officer. |
seekingalpha.com |
2025-01-24 13:30:05 |
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| Metropolitan Bank Holding Corp. (MCB) Q4 Earnings and Revenues Surpass Estimates |
Metropolitan Bank Holding Corp. (MCB) came out with quarterly earnings of $1.88 per share, beating the Zacks Consensus Estimate of $1.49 per share. This compares to earnings of $1.28 per share a year ago. |
zacks.com |
2025-01-23 20:16:07 |
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| Metropolitan Bank Holding Corp. Reports Fourth Quarter and Full Year 2024 Results |
NEW YORK--(BUSINESS WIRE)--Metropolitan Bank Holding Corp. (the “Company”) (NYSE: MCB), the holding company for Metropolitan Commercial Bank (the “Bank”), reported net income of $21.4 million, or $1.88 per diluted common share, for the fourth quarter of 2024 compared to $12.3 million, or $1.08 per diluted common share, for the third quarter of 2024, and $14.6 million, or $1.28 per diluted common share, for the fourth quarter of 2023. Mark DeFazio, President and Chief Executive Officer, commente. |
businesswire.com |
2025-01-23 18:05:00 |
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| Metropolitan Bank Holding Corp. Announces Fourth Quarter and Full Year 2024 Earnings Release and Conference Call Date |
NEW YORK--(BUSINESS WIRE)--Metropolitan Bank Holding Corp. (the “Company”) (NYSE: MCB), the holding company for Metropolitan Commercial Bank, today announced it will release fourth quarter and full year 2024 financial results after the market closes on Thursday, January 23, 2025. The Company will conduct a conference call at 9:00 a.m. ET on Friday, January 24, 2025, to discuss the results. To access the event by telephone, please dial 800-579-2543 (US), 785-424-1789 (INTL), and provide conferen. |
businesswire.com |
2025-01-07 18:41:00 |
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| Metropolitan Bank Deserves Some Extra Upside From Here |
Even after seeing some nice upside, shares of Metropolitan Bank deserve to rise from here. This is in spite of the fact that recent financial performance has been mixed with rising expenses and declining net profits. The company's valuation is relatively low, but its return on assets and equity are not particularly impressive compared to peers. |
seekingalpha.com |
2024-12-26 18:28:43 |
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| Metropolitan Bank Holding (MCB) Soars 5.3%: Is Further Upside Left in the Stock? |
Metropolitan Bank Holding (MCB) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road. |
zacks.com |
2024-11-25 10:46:07 |
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| MCB Withdraws Proposal to Acquire Whitestone Due to Whitestone Board's Entrenchment and Refusal to Engage |
Calls on Independent Trustees of Whitestone to Initiate Strategic Review Process to Maximize Value for Whitestone Shareholders Reminds Trustees of the Whitestone Board's Fiduciary Duties BALTIMORE , Nov. 18, 2024 /PRNewswire/ -- MCB Real Estate ("MCB"), a leading commercial real estate developer and investment management firm with a diverse nationwide portfolio and approximately $3 billion in AUM, today sent a letter to the Board of Trustees of Whitestone REIT (NYSE: WSR) ("Whitestone") withdrawing MCB's previously announced proposal to acquire the company. MCB sent the following letter to the Whitestone Board: November 18, 2024 Board of TrusteesC/O David K. |
prnewswire.com |
2024-11-18 11:15:00 |
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| MCB Calls on Whitestone to Maximize Shareholder Value |
The Whitestone Board Has Summarily Rejected and Refused to Engage Regarding MCB's Improved $15.00 per Share All-Cash Proposal, which would Deliver a 14.5% Premium to Whitestone Shareholders MCB Urges the Whitestone Board and Management Team to Cease their Entrenchment Tactics and Answer Shareholders' Questions MCB Calls on Whitestone Shareholders to Make their Voices Heard; Visit www.MaximizingWhitestoneValue.com for More Information BALTIMORE , Oct. 31, 2024 /PRNewswire/ -- MCB Real Estate ("MCB"), a leading commercial real estate developer and investment management firm with a diverse nationwide portfolio and approximately $3 billion in AUM, today issued the following statement regarding its proposal to acquire Whitestone REIT (NYSE: WSR) ("Whitestone") for $15.00 per share in cash: MCB stands ready to deliver immediate and certain value to Whitestone shareholders. Our proposal is compelling by all reasonable metrics, reflecting a 14.5% premium to Whitestone's share price prior to our initial proposal on June 3, 2024, and a 61.8% premium to Whitestone's unaffected share price prior to the rumored Fortress proposal on October 26, 2023. |
prnewswire.com |
2024-10-31 09:30:00 |
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| Whitestone REIT Responds to MCB Indication of Interest |
HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) provided the following response to MCB's recent indication of interest: |
globenewswire.com |
2024-10-30 18:30:00 |
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| Metropolitan Bank Holding Corp. (MCB) Q3 2024 Earnings Call Transcript |
Metropolitan Bank Holding Corp. (NYSE:MCB ) Q3 2024 Earnings Conference Call October 18, 2024 9:00 AM ET Company Participants Mark DeFazio - President & CEO Daniel Dougherty - EVP & CFO Conference Call Participants Mark Fitzgibbon - Piper Sandler Christopher O'Connell - KBW Feddie Strickland - Hovde Group Operator Welcome to the Metropolitan Commercial Bank Third Quarter 2024 Earnings Call. Hosting the call today from Metropolitan Commercial Bank are Mark DeFazio, President and Chief Executive Officer; and Dan Dougherty, Executive Vice President and Chief Financial Officer. |
seekingalpha.com |
2024-10-18 14:50:03 |
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| Metropolitan Bank Holding Corp. (MCB) Q3 Earnings and Revenues Beat Estimates |
Metropolitan Bank Holding Corp. (MCB) came out with quarterly earnings of $1.86 per share, beating the Zacks Consensus Estimate of $1.55 per share. This compares to earnings of $1.97 per share a year ago. |
zacks.com |
2024-10-17 22:16:25 |
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| Metropolitan Bank Holding Corp. Reports Third Quarter 2024 Results |
NEW YORK--(BUSINESS WIRE)--Metropolitan Bank Holding Corp. (the “Company”) (NYSE: MCB), the holding company for Metropolitan Commercial Bank (the “Bank”), reported net income of $12.3 million, or $1.08 per diluted common share, for the third quarter of 2024 compared to $16.8 million, or $1.50 per diluted common share, for the second quarter of 2024, and $22.1 million, or $1.97 per diluted common share, for the third quarter of 2023. Mark DeFazio, President and Chief Executive Officer, commented. |
businesswire.com |
2024-10-17 20:05:00 |
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| Whitestone Buyout Offer Undervalues Its Assets |
MCB Real Estate's $15 per share buyout offer for Whitestone REIT is too low, with WSR's fair value estimated closer to $17 per share. The hostile takeover attempt by MCB could spark competing bids from other REITs or private equity, given improved market conditions and lower interest rates. Whitestone REIT's standalone prospects are favorable, with strong leasing, rising occupancy, and healthy NOI growth, making a buyout less necessary. |
seekingalpha.com |
2024-10-11 15:45:12 |
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| MCB Real Estate Increases Proposal to Acquire Whitestone REIT to $15.00 Per Share in Cash and Seeks Board Engagement |
Proposal Would Deliver Immediate and Certain 14.5% Premium to Whitestone Shareholders Compared to Share Price Prior to Initial Proposal Per Share Price Represents a 61.8% Premium to Whitestone's Unaffected Share Price Prior to Takeover Rumors Sends Letter to Whitestone Board Detailing Compelling and Certain Value of All-Cash Proposal Launches www.MaximizingWhitestoneValue.com BALTIMORE , Oct. 9, 2024 /PRNewswire/ -- MCB Real Estate ("MCB"), a leading commercial real estate developer and investment management firm with a diverse nationwide portfolio and approximately $3 billion in AUM, today sent a letter to the Board of Trustees of Whitestone REIT (NYSE: WSR) ("Whitestone") increasing the value of its proposal to acquire the company in an all-cash transaction. Additional materials regarding the proposal are available at www.MaximizingWhitestoneValue.com. |
prnewswire.com |
2024-10-09 13:30:00 |
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| Metropolitan Bank Holding Corp. Announces Third Quarter 2024 Earnings Release and Conference Call Date |
NEW YORK--(BUSINESS WIRE)--Metropolitan Bank Holding Corp. (the “Company”) (NYSE: MCB), the holding company for Metropolitan Commercial Bank, today announced it will release third quarter 2024 financial results after the market closes on Thursday, October 17, 2024. The Company will conduct a conference call at 9:00 a.m. ET on Friday, October 18, 2024, to discuss the results. To access the event by telephone, please dial 800-445-7795 (US), 785-424-1699 (INTL), and provide conference ID: MCBQ324. |
businesswire.com |
2024-10-04 20:05:00 |
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| Metropolitan Commercial Bank Recognized as a Member of Piper Sandler's Sm-All Stars Class of 2024 |
NEW YORK--(BUSINESS WIRE)-- #mcb--Metropolitan Bank Holding Corp. (the “Company”) (NYSE: MCB), the holding company for Metropolitan Commercial Bank is pleased to announce its recognition as a member of Piper Sandler's Sm-All Stars Class of 2024. This year's class admits 8 new members and welcomes back 22 alumni. The list recognizes 30 companies that outperformed the industry across a variety of metrics including growth, profitability, credit and capital. “Metropolitan Commercial Bank is thrilled to re. |
businesswire.com |
2024-09-30 20:05:00 |
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| Metropolitan Bank Holding Corp Has Had An Excellent Run (Rating Downgrade) |
Metropolitan Bank Holding Corp. saw a 30% share price surge since late June, outperforming the S&P 500's 4.2% increase. The firm achieved strong Q2 performance, with net interest income rising to $60 million, driven by increased interest-earning assets. Despite a decline in deposits and non-interest income, the bank remains attractively priced compared to peers. |
seekingalpha.com |
2024-09-27 19:21:21 |
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| Is the Options Market Predicting a Spike in Metropolitan Bank Holding (MCB) Stock? |
Investors need to pay close attention to Metropolitan Bank Holding (MCB) stock based on the movements in the options market lately. |
zacks.com |
2024-08-30 13:50:58 |
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| Metropolitan Bank Holding Corp. (MCB) Q2 2024 Earnings Call Transcript |
Metropolitan Bank Holding Corp. (NYSE:MCB ) Q2 2024 Earnings Conference Call July 19, 2024 9:00 AM ET Company Participants Mark R. DeFazio - President and CEO Daniel F. |
seekingalpha.com |
2024-07-19 15:10:24 |
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| Metropolitan Bank Holding (MCB) Reports Q2 Earnings: What Key Metrics Have to Say |
The headline numbers for Metropolitan Bank Holding (MCB) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. |
zacks.com |
2024-07-18 22:31:14 |
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| Metropolitan Bank Holding Corp. (MCB) Q2 Earnings and Revenues Miss Estimates |
Metropolitan Bank Holding Corp. (MCB) came out with quarterly earnings of $1.50 per share, missing the Zacks Consensus Estimate of $1.57 per share. This compares to earnings of $1.37 per share a year ago. |
zacks.com |
2024-07-18 22:16:00 |
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| Metropolitan Bank Holding Corp. (MCB) Earnings Expected to Grow: Should You Buy? |
Metropolitan Bank Holding (MCB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. |
zacks.com |
2024-07-11 15:06:35 |
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| Metropolitan Bank Holding Corp: Still Bullish Despite Recent Underperformance |
Metropolitan Bank Holding faced some challenges in the first quarter of 2024, but overall the business looks positive. Shares are attractively priced compared to similar firms, though asset quality could be better. Lower interest rates in the future could bring down the cost of deposits and lead to overall growth in the firm's balance sheet. |
seekingalpha.com |
2024-06-27 21:38:53 |
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| Metropolitan Commercial Bank Celebrates Quarter Century Anniversary |
NEW YORK--(BUSINESS WIRE)-- #mcb--Metropolitan Commercial Bank (the “Bank,” “MCB”), a full-service commercial bank based in New York City, proudly announces its 25th anniversary, signifying a remarkable milestone in its history. Founded in 1999, Metropolitan Commercial Bank has become a trusted institution renowned for its commitment to excellence, innovation, risk management, and community engagement. Reflecting on this Quarter Century Anniversary, Metropolitan Commercial Bank acknowledges a journey. |
businesswire.com |
2024-06-24 11:00:00 |
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