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Metrocity Bankshares inc (NASDAQ: MCBS) |
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Price: $27.2000
$-0.29 
-1.055%
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| Day's High:
| $27.36
| Week Perf:
| -0.51 %
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| Day's Low: |
$ 26.91 |
30 Day Perf: |
-11.14 % |
| Volume (M): |
94 |
52 Wk High: |
$ 36.15 |
| Volume (M$): |
$ 2,568 |
52 Wk Avg: |
$28.84 |
| Open: |
$27.08 |
52 Wk Low: |
$21.89 |
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| Market Capitalization (Millions $) |
696 |
| Shares
Outstanding (Millions) |
26 |
| Employees |
307 |
| Revenues (TTM) (Millions $) |
141 |
| Net Income (TTM) (Millions $) |
65 |
| Cash Flow (TTM) (Millions $) |
105 |
| Capital Exp. (TTM) (Millions $) |
1 |
Metrocity Bankshares Inc
Metrocity Bankshares Inc. is a financial holding company that is headquartered in Duluth, Georgia, USA. It specializes in providing banking services to small and medium-sized businesses, professionals, and individuals. The company operates through its subsidiary, Metro City Bank, which was founded in 2006.
Metro City Bank is a state-chartered commercial bank that provides a wide range of banking services including deposit accounts, personal loans, commercial loans, residential mortgages, and wealth management services. It has more than 24 branches across the United States and a network of ATMs. The bank is focused on serving the growing Asian-American population in the U.S. with bilingual staff and a wide range of products and services tailored to their specific needs.
Metrocity Bankshares Inc is listed on the NASDAQ exchange and its stocks trade under the symbol MCBS. As of 2021, the company has a market capitalization of over $550 million. Its stock price has been steadily increasing since its initial public offering in 2018, reflecting investor confidence in the growth potential of the banking industry.
In recent years, Metrocity Bankshares Inc has been expanding its operations and branching out into new markets. It has acquired several other financial institutions, including First Vietnamese American Bank in 2017 and Fidelity Bank in 2020. These acquisitions have enabled the company to expand its customer base and enter new markets, further strengthening its position in the banking industry.
Metrocity Bankshares Inc prides itself on its commitment to providing exceptional customer service that caters to the needs of its diverse clientele. The companyes Asian-American roots and bilingual staff enable it to connect with customers from different cultural backgrounds and provide customized financial solutions that meet their specific needs. Its focus on innovation and technology has also enabled it to stay ahead of the competition and continue to grow and expand its operations.
Company Address: 5114 Buford Highway Doraville 30340 GA
Company Phone Number: 455-4989 Stock Exchange / Ticker: NASDAQ MCBS
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| Stock Performances by Major Competitors |
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| Metrocity Bankshares Inc
Metrocity Bankshares Inc, a leading regional bank, has released its financial report for the first quarter of 2024, revealing a revenue advance of 1.687%. However, this positive growth was not able to prevent a significant income contraction of -8.06% compared to the same quarter a year ago.
In terms of numbers, the company reported revenues of $32.79 million and earnings per share (EPS) at $0.57. While these figures may appear concerning at first glance, it is important to consider the overall performance of the regional banking industry, which experienced an average contraction of -0.11% in top-line revenues during the same period. As a result, Metrocity Bankshares Inc's behavior stands out as a new revelation within the sector.
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| Metrocity Bankshares Inc
As a financial analyst for the , I have been closely monitoring Metrocity Bankshares Inc's financial results for the past year. In the latest financial time-frame ending December 31, 2023, MCBS managed to achieve a significant growth in its earnings per share (EPS), despite a decline in revenue. EPS grew by 13.17% to $0.44 per share, while revenue fell by -6.415% to $29.87 million year on year.
It is worth noting that although EPS deteriorated slightly from the preceding financial reporting period, from $0.45 per share to $0.44 per share, revenue actually increased by 8.849% from $27.44 million. Net profits also saw a notable increase, reaching $11.347 million in the financial time-frame ending December 31, 2023, representing an 11.46% growth from the previous year's net earnings of $10.180 million.
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| Metrocity Bankshares Inc
Metrocity Bankshares Inc, a prominent player in the Regional Banks sector, recently released its financial results for the period of July to September 2023. The figures indicate a significant decline in income per share, profits, and revenue compared to the previous year. This article will explore the implications of these results and discuss how they might impact Metrocity Bankshares Inc moving forward.
Deteriorating Financial Performance:
During the July to September 2023 period, Metrocity Bankshares Inc experienced a substantial decrease in income per share by 31.82% from $0.66 to $0.45, compared to the previous year. Additionally, profits fell by 11.76% from $0.51 per share in the preceding financial reporting period. These numbers reflect a downward trend in the company's financial performance, raising concerns about its future stability.
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| Metrocity Bankshares Inc
Metrocity Bankshares Inc, a prominent player in the Regional Banks industry, experienced a downturn in its recent fiscal period. The company's revenue and bottom-line fell in sync, with an income decline of 19.05% to $0.51 per share and a revenue decrease of 13.552% year on year. In the fiscal span ending June 30, 2022, revenue stood at $30.15 million, down from $34.87 million.
This decline stands in stark contrast to the rest of the Regional Banks industry, which reported revenue growth in the second quarter of 2023. Furthermore, Metrocity Bankshares Inc saw a drop in profitability compared to the preceding fiscal period, where profits fell by 17.74% from $0.62 per share and revenue decreased by 6.518% from $32.25 million.
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| Metrocity Bankshares Inc
Despite the recent drop in revenue and bottom-line, Metrocity Bankshares Inc is poised for a strong comeback in the upcoming quarters. The significant increase of 57.91% in income per share from the previous quarter, along with a growth in revenue, demonstrates the potential for a robust financial performance going forward.
Furthermore, the fact that Metrocity Bankshares Inc yielded a return on asset of 1.74% in the first quarter of 2023, despite being below the company's average return on assets, is a positive sign. Additionally, the company's ROA ranking has advanced considerably in the first quarter of 2023, indicating a potential for continued growth and profitability.
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| Per Share |
Current |
| Earnings (TTM) |
2.51 $ |
| Revenues (TTM) |
5.5 $
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| Cash Flow (TTM) |
4.1 $ |
| Cash |
10.16 $
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| Book Value |
16.46 $
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| Dividend (TTM) |
0.82 $ |
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| Per Share |
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| Earnings (TTM) |
2.51 $
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| Revenues (TTM) |
5.5 $ |
| Cash Flow (TTM) |
4.1 $ |
| Cash |
10.16 $
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| Book Value |
16.46 $ |
| Dividend (TTM) |
0.82 $ |
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