MCB FY 2017 Earnings Report — Metropolitan Bank Holding Corp. Revenue & Financial Results | Market Cap Arena

Metropolitan Bank Holding Corp.MCB

FY 2017 Earnings

Reported March 28, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$72M	—	$49M	—	46.5%
Op. Income	$24M	—	$8M	—	192.6%
Gross Margin	78.2%	—	71.2%	—	6.9pp
Net Margin	17.2%	—	10.2%	—	7.0pp
EPS (Diluted)	$2.34	—	$0.65	—	260.0%
Free Cash Flow	$29M	—	$13M	—	118.7%

Revenue Flow

Item	Amount
REVENUE	$72M
Cost of Revenue	$16M
GROSS PROFIT	$56M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$21M
SG&A Expenses	$21M
Other Expenses	$12M
Operating Expenses	$33M
Cost & Expenses	$48M
OPERATING INCOME	$24M
Interest Income	$61M
Interest Expense	$9M
Other Income/Expenses	$0
INCOME BEFORE TAX	$24M
Income Tax Expense	$11M
Net Income from Continuing Ops	$12M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$12M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$12M
D&A	$978.0K
EBIT	$24M
EBITDA	$25M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$72M
Cost of Revenue	$16M
GROSS PROFIT	$56M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$21M
SG&A Expenses	$21M
Other Expenses	$12M
Operating Expenses	$33M
Cost & Expenses	$48M
OPERATING INCOME	$24M
Interest Income	$61M
Interest Expense	$9M
Other Income/Expenses	$0
INCOME BEFORE TAX	$24M
Income Tax Expense	$11M
Net Income from Continuing Ops	$12M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$12M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$12M
D&A	$978.0K
EBIT	$24M
EBITDA	$25M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$12M
Depreciation & Amortization	$978.0K
Stock-Based Compensation	$412.0K
Deferred Income Tax	$790.0K
Other Non-Cash Items	$7M
Change in Working Capital	$10M
OPERATING CASH FLOW	$31M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$10M
Sales/Maturities of Investments	$15M
Other Investing Activities	-$369M
NET CASH FROM INVESTING	-$367M
Net Debt Issuance	-$12M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$410M
NET CASH FROM FINANCING	$513M
FREE CASH FLOW	$29M
Net Change in Cash	$178M

Balance Sheet

Item	Amount
Cash & Equivalents	$261M
Short-Term Investments	$32M
Net Receivables	$21M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$320M
PP&E (Net)	$6M
Goodwill	$10M
Intangible Assets	$0
Long-Term Investments	$1.4B
Tax Assets	$0
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$1.8B
Account Payables	$22M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.4B
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$67M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$9M
TOTAL NON-CURRENT LIABILITIES	$76M
TOTAL LIABILITIES	$1.5B
Common Stock	$81.0K
Additional Paid-In Capital	$211M
Retained Earnings	$26M
Treasury Stock	$0
Accum. Other Comp. Income	-$206.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$237M
Minority Interest	$0
TOTAL EQUITY	$237M
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$67M
Net Debt	-$195M