Metropolitan Bank Holding Corp.'s stock surged 11.32% in Friday's intraday trading, following the company's impressive fourth-quarter earnings report released on Thursday.
The community lender reported a Q4 profit of $1.88 per share, beating Wall Street's expectations of $1.42 per share. Net interest income, a key measure of the bank's profitability, jumped 16.9% year-over-year to $66.6 million, exceeding analysts' estimates of $64.1 million.
Metropolitan Bank's net interest margin, another key profitability metric, also showed strength, increasing by 30 basis points from a year earlier to 3.66%. Total loans grew 7.3% to $6 billion in Q4, primarily driven by an increase in commercial real estate loans.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。