What to Expect from Metropolitan Bank Holding's Earnings

Metropolitan Bank Holding (NYSE:MCB) is preparing to release its quarterly earnings on Thursday, 2024-10-17. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Metropolitan Bank Holding to report an earnings per share (EPS) of $1.55.

Anticipation surrounds Metropolitan Bank Holding's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Past Earnings Performance

During the last quarter, the company reported an EPS missed by $0.07, leading to a 3.17% increase in the share price on the subsequent day.

Here's a look at Metropolitan Bank Holding's past performance and the resulting price change:

Quarter	Q2 2024	Q1 2024	Q4 2023	Q3 2023
EPS Estimate	1.57	1.34	1.48	1.63
EPS Actual	1.50	1.46	1.28	1.97
Price Change %	3.0%	18.0%	-2.0%	3.0%

Metropolitan Bank Holding Share Price Analysis

Shares of Metropolitan Bank Holding were trading at $58.99 as of October 15. Over the last 52-week period, shares are up 86.48%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all earnings releases for Metropolitan Bank Holding visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.