MCB FY 2020 Earnings Report — Metropolitan Bank Holding Corp. Revenue & Financial Results | Market Cap Arena

Metropolitan Bank Holding Corp.MCB

FY 2020 Earnings

Reported March 8, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$160M	—	$140M	—	14.0%
Op. Income	$58M	—	$44M	—	31.4%
Gross Margin	82.7%	—	74.1%	—	8.6pp
Net Margin	24.7%	—	21.5%	—	3.2pp
EPS (Diluted)	$4.66	—	$3.56	—	30.9%
Free Cash Flow	$83M	—	$32M	—	159.5%

Revenue Flow

Item	Amount
REVENUE	$160M
Cost of Revenue	$28M
GROSS PROFIT	$132M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$42M
SG&A Expenses	$42M
Other Expenses	$33M
Operating Expenses	$75M
Cost & Expenses	$102M
OPERATING INCOME	$58M
Interest Income	$143M
Interest Expense	$18M
Other Income/Expenses	$0
INCOME BEFORE TAX	$58M
Income Tax Expense	$18M
Net Income from Continuing Ops	$39M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$39M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$39M
D&A	$5M
EBIT	$58M
EBITDA	$63M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$160M
Cost of Revenue	$28M
GROSS PROFIT	$132M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$42M
SG&A Expenses	$42M
Other Expenses	$33M
Operating Expenses	$75M
Cost & Expenses	$102M
OPERATING INCOME	$58M
Interest Income	$143M
Interest Expense	$18M
Other Income/Expenses	$0
INCOME BEFORE TAX	$58M
Income Tax Expense	$18M
Net Income from Continuing Ops	$39M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$39M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$39M
D&A	$5M
EBIT	$58M
EBITDA	$63M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$39M
Depreciation & Amortization	$5M
Stock-Based Compensation	$3M
Deferred Income Tax	$290.0K
Other Non-Cash Items	$7M
Change in Working Capital	$33M
OPERATING CASH FLOW	$87M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$238M
Sales/Maturities of Investments	$218M
Other Investing Activities	-$465M
NET CASH FROM INVESTING	-$489M
Net Debt Issuance	-$150M
Common Stock Repurchased	-$881.0K
Common Dividends Paid	$0
Other Financing Activities	$1.0B
NET CASH FROM FINANCING	$877M
FREE CASH FLOW	$83M
Net Change in Cash	$475M

Balance Sheet

Item	Amount
Cash & Equivalents	$864M
Short-Term Investments	$266M
Net Receivables	$41M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$13M
Goodwill	$10M
Intangible Assets	$0
Long-Term Investments	$3.1B
Tax Assets	$0
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$3.1B
TOTAL ASSETS	$4.3B
Account Payables	$62M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$3.8B
TOTAL CURRENT LIABILITIES	$3.9B
Long-Term Debt	$62M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$36M
TOTAL NON-CURRENT LIABILITIES	$98M
TOTAL LIABILITIES	$4.0B
Common Stock	$82.0K
Additional Paid-In Capital	$219M
Retained Earnings	$121M
Treasury Stock	$0
Accum. Other Comp. Income	$973.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$341M
Minority Interest	$0
TOTAL EQUITY	$341M
TOTAL LIABILITIES & EQUITY	$4.3B
Total Debt	$62M
Net Debt	-$803M