CSIMarket


Metrocity Bankshares inc   (MCBS)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial


 

Metrocity Bankshares inc

MCBS's Financial Statements and Analysis



Metrocity Bankshares inc reported in the forth quarter of 2023 net earnings per share of $0.44 an increase by 13.17 % year on year from $0.39 and decline of -1.25 % from $0.45 earned in III. Quarter (Sep 30 2023).


forth quarter of 2023
Earnings Per Share Revenues
$ 0.44 $  30 Mill
$+0.05     +13.17 % $-2M     -6.41 %



Metrocity Bankshares Inc 's Revenue fell by -6.41 % in forth quarter of 2023 (Dec 31 2023) year on year, to $30 million and advanced by 8.85 % sequentially.


Metrocity Bankshares Inc is

More on MCBS's Income Statement



Metrocity Bankshares Inc 's net income of $11.347 million in the forth quarter of 2023 increased by 11.46 % from net earnings of $10.180 million achieved in IV. Quarter a year ago.

Sequentially net earnings fell by -0.71 % from net income of $11.428 million realized in previous quarter.

More on MCBS's Growth

Metrocity Bankshares Inc Inventories
In Dec 31 2023 company's net cash and cash equivalents decreased by $-137 million, capital expenditures fell by -0.9251.95%, to $-1 millions compare to same quarter a year ago

More on MCBS's Cash flow Statement


Metrocity Bankshares inc payed out dividend of $0.71 per share in last 52 weeks representing 35.15 % of net earning per share in trailing twelve-month period.

During the same period Metrocity Bankshares inc earned $ 3.21 cash per share, on a free-cash flow basis 159.07 % of net earning per share.

Book value fell by -1.43 % sequentially to $14.93 per share.
Tangible Book value fell to $ 14.93 per share from $ 15.15.

Company issued 0.16 million shares or 0.61 % in Dec 31 2023.
Interest Coverage Ratio was 1.89. Debt Coverage Ratio was 788.52.

More on MCBS's Dividends

 Market Capitalization (Millions) 608
 Shares Outstanding (Millions) 26
 Total Debt (Millions $) -
 Revenue (TTM) (Millions $) 120
 Net Income (TTM) (Millions $) 52
 Cash Flow (TTM) (Millions $) -35
 Capital Exp. (TTM) (Millions $) -5
 Dividend TTM ($) 0.71 $
 Dividend Yield TTM (%) 2.98 %
 Employees (TTM) $ -




Metrocity Bankshares inc payed out dividend of $0.71 per share in the last 52 weeks representing 35.15 % of net earning per share in trailing twelve-month period.

During the same period Metrocity Bankshares inc had $ 3.21 cash flow per share, on a free-cash flow basis 159.07 % of net earning per share.

Book value fell by -1.43 % sequentially to $14.93 per share.
Tangible Book value fell to $ 14.93 per share from $ 15.15.

Company issued 0.16 million shares or 0.61 % in Dec 31 2023.
Interest Coverage Ratio was 1.89. Debt Coverage Ratio was 788.52.

More on MCBS's Balance Sheets

 Market Capitalization (Millions) 608
 Shares Outstanding (Millions) 26
 Total Debt (Millions $) -
 Revenue (TTM) (Millions $) 120
 Net Income (TTM) (Millions $) 52
 Cash Flow (TTM) (Millions $) -35
 Capital Exp. (TTM) (Millions $) -5
 Dividend TTM ($) 0.71 $
 Dividend Yield TTM (%) 2.98 %
 Employees (TTM) $ -
   


  News about Metrocity Bankshares inc Earnings

Strong Growth in Earnings Despite a Decline in Revenue: Metrocity Bankshares Inc's 13.17% Increase in Income

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 ...

Metrocity Bankshares Inc Faces Alarming 3Q 2023 Financial Decline, Raising Concerns for Future Stability



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 prece...

Spectacular Revenue Crash at Metrocity Bankshares Inc. Ignites Alarm, Defying Industry Growth Trends!

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% ...

Metrocity Bankshares Inc Shows Resilience Despite 18.42% EPS Deterioration in Fiscal First Quarter 2023

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 potenti...


Date modified: 2024-03-11T20:51:45+00:00





Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com