Metropolitan Bank Holding Corp reports results for the quarter ended June 30 - Earnings Summary

• Metropolitan Bank Holding Corp MCB reported quarterly adjusted earnings of $1.76​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.50. The mean expectation of three analysts for the quarter was for earnings of $1.65 per share. Wall Street expected results to range from $1.53 to $1.81 per share.

• Revenue rose 12.7% to $76.27 million from a year ago; analysts expected $72.50 million.

• Metropolitan Bank Holding Corp's reported EPS for the quarter was $1.76​.

• The company reported quarterly net income of $18.77 million.

• Metropolitan Bank Holding Corp shares had risen by 5.3% this quarter and gained 26.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 9% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

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 $79.00, about 3.4% above its last closing price of $76.32

This summary was machine generated from LSEG data July 17 at 09:00 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)