Metropolitan Bank Holding Q3 EPS $1.97 Down From $2.23 YoY, Sales $60.07M Miss $61.09M Estimate
Portfolio Pulse from Benzinga Newsdesk
Metropolitan Bank Holding (NYSE:MCB) reported Q3 earnings of $1.97 per share, a decrease of 11.66% YoY. The company also reported quarterly sales of $60.07M, missing the analyst consensus estimate of $61.09M by 1.67%.
October 19, 2023 | 8:16 pm
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Metropolitan Bank's Q3 earnings and sales missed estimates, which could negatively impact the stock in the short term.
Earnings reports are a key indicator of a company's financial health. A decrease in earnings and sales missing estimates could lead to a decrease in investor confidence, potentially leading to a drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100