Metropolitan Bank (MCB) Q4/FY23 Earnings Release Jan 25
Ticker: MCB · Form: 8-K · Filed: Jan 18, 2024 · CIK: 1476034
| Field | Detail |
|---|---|
| Company | Metropolitan Bank Holding CORP. (MCB) |
| Form Type | 8-K |
| Filed Date | Jan 18, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: earnings, financial-results, conference-call, guidance
TL;DR
**MCB is dropping Q4/FY23 earnings on Jan 25, with a call on Jan 26.**
AI Summary
Metropolitan Bank Holding Corp. (MCB) filed an 8-K on January 18, 2024, to disclose that it will be releasing its financial results for the fourth quarter and full year ended December 31, 2023, after the market closes on Thursday, January 25, 2024. The company will also host a conference call and webcast on Friday, January 26, 2024, at 9:00 AM ET to discuss these results. This matters to investors because it provides a specific timeline for when they can expect to receive crucial financial performance data, which will likely influence the stock's short-term price.
Why It Matters
This filing sets the expectation for when investors will receive critical financial performance data, which can significantly impact stock valuation and future investment decisions. The upcoming earnings call offers an opportunity for direct engagement with company management.
Risk Assessment
Risk Level: low — This filing is a routine announcement of an upcoming earnings release and does not contain any inherently risky information.
Analyst Insight
A smart investor would mark January 25th and 26th on their calendar, prepare to review the earnings report, and listen to the conference call to assess the company's financial health and future outlook before making any trading decisions.
Key Players & Entities
- Metropolitan Bank Holding Corp. (company) — the registrant filing the 8-K
- January 18, 2024 (date) — date of earliest event reported
- January 25, 2024 (date) — date of Q4 and full year 2023 earnings release
- December 31, 2023 (date) — end of the fiscal period for the financial results
- January 26, 2024 (date) — date of the conference call and webcast
- 9:00 AM ET (time) — start time of the conference call and webcast
Forward-Looking Statements
- MCB's stock price will experience increased volatility around January 25-26, 2024. (MCB) — high confidence, target: 2024-01-26
- Analysts will update their price targets and ratings for MCB following the earnings release and conference call. (MCB) — medium confidence, target: 2024-02-01
FAQ
What is the purpose of this 8-K filing by Metropolitan Bank Holding Corp.?
The purpose of this 8-K filing is to announce the upcoming release of Metropolitan Bank Holding Corp.'s financial results for the fourth quarter and full year ended December 31, 2023, and to provide details about the subsequent conference call and webcast.
When will Metropolitan Bank Holding Corp. release its financial results for Q4 and full year 2023?
Metropolitan Bank Holding Corp. will release its financial results for the fourth quarter and full year ended December 31, 2023, after the market closes on Thursday, January 25, 2024.
When is the conference call and webcast scheduled to discuss these results?
The conference call and webcast to discuss the financial results are scheduled for Friday, January 26, 2024, at 9:00 AM ET.
What is the ticker symbol for Metropolitan Bank Holding Corp.?
The ticker symbol for Metropolitan Bank Holding Corp. is MCB, and its common stock is registered on the New York Stock Exchange.
What specific items are being reported under 'ITEM INFORMATION' in this 8-K?
The specific items reported under 'ITEM INFORMATION' in this 8-K are 'Results of Operations and Financial Condition', 'Regulation FD Disclosure', and 'Financial Statements and Exhibits'.
Filing Stats: 577 words · 2 min read · ~2 pages · Grade level 10.1 · Accepted 2024-01-18 16:15:33
Key Financial Figures
- $0.01 — ch registered Common Stock, par value $0.01 per share MCB New York Stock Exchan
Filing Documents
- mcb-20240118x8k.htm (8-K) — 39KB
- mcb-20240118xex99d1.htm (EX-99.1) — 1166KB
- mcb-20240118xex99d2.htm (EX-99.2) — 44KB
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- 0001558370-24-000362.txt ( ) — 6257KB
- mcb-20240118.xsd (EX-101.SCH) — 4KB
- mcb-20240118_def.xml (EX-101.DEF) — 3KB
- mcb-20240118_lab.xml (EX-101.LAB) — 16KB
- mcb-20240118_pre.xml (EX-101.PRE) — 11KB
- mcb-20240118x8k_htm.xml (XML) — 5KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition On January 18, 2024, Metropolitan Bank Holding Corp. (the "Company"), the holding company for Metropolitan Commercial Bank (the "Bank"), issued a press release announcing its financial results for the fourth quarter and full year of 2023. The press release containing the financial results is attached hereto as Exhibit 99.1 and shall not be deemed "filed" for any purpose, nor shall the information or Exhibit 99.1 be deemed incorporated by reference in any filings under the Securities Act of 1933, as amended.
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure The Company has also made available on its website presentation materials containing additional information about the Company's financial results for the fourth quarter and full year of 2023 (the "Presentation Materials"). The Presentation Materials are furnished herewith as Exhibit 99.2 and is incorporated by reference in this Item 7.01. The information provided in Item 7.01 of this report, including Exhibit 99.2, shall not be deemed "filed" for any purpose, nor shall the information or Exhibit 99.2 be deemed incorporated by reference in any filings under the Securities Act of 1933, as amended.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits. Exhibit No. Description 99.1 Press Release dated January 18, 2024 99.2 Presentation Materials 104 Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. METROPOLITAN BANK HOLDING CORP. Dated: January 18, 2024 By: /s/ Daniel F. Dougherty Daniel F. Dougherty Executive Vice President and Chief Financial Officer