Metropolitan Bank Holding Q3 2024 Adj EPS $1.86 Beats $1.55 Estimate, Sales $71.52M Beat $66.73M Estimate
Portfolio Pulse from Benzinga Newsdesk
Metropolitan Bank Holding (NYSE:MCB) reported Q3 2024 earnings per share of $1.97, surpassing the analyst estimate of $1.55 by 27.1%. The company's sales were $71.52 million, exceeding the expected $66.73 million and marking a 19.06% increase from the previous year.
October 17, 2024 | 8:07 pm
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POSITIVE IMPACT
Metropolitan Bank Holding reported strong Q3 2024 results, with EPS and sales significantly beating estimates. This performance indicates robust financial health and growth.
The significant beat on both EPS and sales suggests strong operational performance and potential for stock price appreciation. The 19.06% YoY sales growth further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100