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MCBBearishEarningsnews
Materiality pending

Metropolitan Bank Holding Corp. (MCB) Surpasses Q1 Earnings and Revenue Estimates

Apr 18, 2024, 6:32 PM EDT1 sourcesAI-analyzed

AI summary

What happened, with direct paths to the underlying reporting

- MCB's quarterly earnings at $1.46 per share beat estimates and show a 14.06% surprise. - Company's revenue of $66.71 million for the quarter also exceeded expectations by 4.29%. - MCB shares have declined 41% this year, underperforming the market which gained 5.3%. - Estimate revisions trend for MCB is unfavorable, translating to a Zacks Rank #5 (Strong Sell). Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings

  • MCB's quarterly earnings at $1.46 per share beat estimates and show a 14.06% surprise.
  • Company's revenue of $66.71 million for the quarter also exceeded expectations by 4.29%.
  • MCB shares have declined 41% this year, underperforming the market which gained 5.3%.
  • Estimate revisions trend for MCB is unfavorable, translating to a Zacks Rank #5 (Strong Sell).

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