MCB News and Press, Metropolitan Bank Holding Corp. From 03/13/23

2023-03-13 11:52:10 ET Gainers: Cipher Mining CIFR +31% . Hut 8 Mining HUT +21% . Marathon Digital Holdings MARA +21% . Bit Digital BTBT +17% . Argo Blockchain plc ( ARBK ) +16% . For further details see: UMBF, ARBK and MCB among finan...

Summary Covid lockdowns proved to be a decisive moment for Reitmans. Reitmans strategically entered CCAA protection and restructured their business. We think the stock will see a massive re-rating in 2023. The following segment was excerpted from this fund letter ...

Summary Donville Kent Asset Management Inc. is a highly specialized asset management firm that manages investments on behalf of individual investors as well as select institutions. We are now 3 months removed from our last update and the theory of declining inflation, max pessimism and ...

Summary Several other banks have traded down in sympathy. Here is a bank shot on the Silvergate carnage. Invest based on data, not analogy. YCharts My Cowardly Play on Silvergate A number of banks have traded down in sympathy with Silvergate ( SI ...

Summary Metropolitan's fourth quarter results were lackluster in some respects, including fairly average net interest income growth, higher opex, and weaker-than-expected pre-provision profits. Exiting the crypto vertical is impacting fee income and deposit balances in the short run, bu...

Metropolitan Bank Holding Corp. (MCB) Q4 2022 Earnings Conference Call January 20, 2023, 09:00 AM ET Company Participants Mark DeFazio - President and Chief Executive Officer Greg Sigrist - Executive Vice President and Chief Financial Officer Conference Call Particip...

Metropolitan Bank press release ( NYSE: MCB ): Q4 Non-GAAP EPS of $2.43 beats by $0.11 . Revenue of $70.25M (+35.4% Y/Y) beats by $1.25M . For further details see: Metropolitan Bank Non-GAAP EPS of $2.43 beats by $0.11, revenue of $70.25M beats by $1.25M

Annual Financial Highlights Year-Over-Year: Revenues increased 41.5%. Net interest income of $229.2 million, an increase of 46.0%. Net interest margin of 3.49%, an increase of 72 basis points. Net income of $59.4 million, inclusive of a $35.0 million charge for a regulatory se...

One of the few US banks to serve the crypto industry Metropolitan Commercial Bank has today announced that it is ending crypto-related services. The bank said that the move was because of the recent developments in the crypto industry. The move was announced by the New York bank’s pare...

Metropolitan Bank Holding Corp. ( NYSE: MCB ) said Monday it will exit the cryptocurrency-asset related vertical due to "recent developments" in the digital asset industry, as well as increased regulatory scrutiny of banks' involvement in such services. The move is expected to res...