MCB FY 2021 Earnings Report — Metropolitan Bank Holding Corp. Revenue & Financial Results | Market Cap Arena

Metropolitan Bank Holding Corp.MCB

FY 2021 Earnings

Reported March 10, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$197M	—	$160M	—	23.0%
Op. Income	$90M	—	$58M	—	54.6%
Gross Margin	89.8%	—	82.7%	—	7.1pp
Net Margin	30.7%	—	24.7%	—	6.1pp
EPS (Diluted)	$6.45	—	$4.66	—	38.4%
Free Cash Flow	$33M	—	$83M	—	-60.1%

Revenue Flow

Item	Amount
REVENUE	$197M
Cost of Revenue	$20M
GROSS PROFIT	$177M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$50M
SG&A Expenses	$50M
Other Expenses	$38M
Operating Expenses	$87M
Cost & Expenses	$107M
OPERATING INCOME	$90M
Interest Income	$173M
Interest Expense	$16M
Other Income/Expenses	$0
INCOME BEFORE TAX	$90M
Income Tax Expense	$29M
Net Income from Continuing Ops	$61M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$61M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$60M
D&A	$5M
EBIT	$90M
EBITDA	$95M
EPS	$7
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$197M
Cost of Revenue	$20M
GROSS PROFIT	$177M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$50M
SG&A Expenses	$50M
Other Expenses	$38M
Operating Expenses	$87M
Cost & Expenses	$107M
OPERATING INCOME	$90M
Interest Income	$173M
Interest Expense	$16M
Other Income/Expenses	$0
INCOME BEFORE TAX	$90M
Income Tax Expense	$29M
Net Income from Continuing Ops	$61M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$61M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$60M
D&A	$5M
EBIT	$90M
EBITDA	$95M
EPS	$7
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$61M
Depreciation & Amortization	$5M
Stock-Based Compensation	$5M
Deferred Income Tax	-$120.0K
Other Non-Cash Items	$6M
Change in Working Capital	-$39M
OPERATING CASH FLOW	$37M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$868M
Sales/Maturities of Investments	$172M
Other Investing Activities	-$602M
NET CASH FROM INVESTING	-$1.3B
Net Debt Issuance	-$5M
Common Stock Repurchased	-$3M
Common Dividends Paid	$0
Other Financing Activities	$2.6B
NET CASH FROM FINANCING	$2.8B
FREE CASH FLOW	$33M
Net Change in Cash	$1.5B

Balance Sheet

Item	Amount
Cash & Equivalents	$2.4B
Short-Term Investments	$567M
Net Receivables	$40M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.0B
PP&E (Net)	$15M
Goodwill	$10M
Intangible Assets	$0
Long-Term Investments	$4.1B
Tax Assets	$0
Other Non-Current Assets	$15M
TOTAL NON-CURRENT ASSETS	$4.1B
TOTAL ASSETS	$7.1B
Account Payables	$37M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$6.4B
TOTAL CURRENT LIABILITIES	$6.5B
Long-Term Debt	$57M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$29M
TOTAL NON-CURRENT LIABILITIES	$87M
TOTAL LIABILITIES	$6.6B
Common Stock	$109.0K
Additional Paid-In Capital	$383M
Retained Earnings	$181M
Treasury Stock	$0
Accum. Other Comp. Income	-$8M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$557M
Minority Interest	$0
TOTAL EQUITY	$557M
TOTAL LIABILITIES & EQUITY	$7.1B
Total Debt	$57M
Net Debt	-$2.3B