Metropolitan Bank reports Q4 EPS $1.28, consensus $1.48

Reports Q4 revenue $63.56M, two estimates $61.68M. Mark DeFazio, President and Chief Executive Officer, commented, “I am pleased with our performance in 2023. MCB delivered responsible loan growth predominantly funded by core deposits, which was impressive in light of the challenging economic backdrop, persistent inflation, higher interest rates and our exit from the crypto business. We maintain our disciplined approach to lending and remain focused on prudent balance sheet management and liquidity. Our ability to grow appropriately within this environment demonstrates the strength and stability of our franchise. As we enter 2024, MCB is well-positioned to grow our business and drive EPS growth while supporting the needs of our clients.”