MetroCity Bankshares, Inc. (FRA:7IR)

MetroCity Bankshares Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	201.95	200.77	181.88	142.82	107.85	75.87
Interest Income on Investments	11.23	12.14	10.94	4.41	0.89	1.74
Total Interest Income	213.19	212.91	192.83	147.22	108.74	77.61
Interest Paid on Deposits	71.89	80.06	80.61	23.56	3.95	10.92
Interest Paid on Borrowings	16.71	14.71	10.74	4.05	0.62	0.57
Total Interest Expense	88.6	94.77	91.35	27.61	4.57	11.49
Net Interest Income	124.58	118.15	101.48	119.61	104.17	66.12
Net Interest Income Growth (YoY)	9.09%	16.42%	-15.16%	14.82%	57.55%	8.44%
Mortgage Banking Activities	2.61	2.45	-0.19	-0.72	-1.04	1.31
Gain (Loss) on Sale of Investments	0.04	0.04	-0.04	1.1	-	-
Other Non-Interest Income	14.13	13.65	13.22	11.5	21.61	15.6
Total Non-Interest Income	22.69	23.06	18.2	17.96	33.21	27.21
Non-Interest Income Growth (YoY)	1.04%	26.69%	1.39%	-45.94%	22.05%	-31.80%
Revenues Before Loan Losses	147.27	141.21	119.68	137.57	137.38	93.33
Provision for Loan Losses	-0.08	0.52	-0.02	-2.77	6.93	3.47
Revenue	147.35	140.69	119.7	140.33	130.45	89.86
Revenue Growth (YoY)	8.69%	17.54%	-14.70%	7.58%	45.16%	-10.91%
Salaries and Employee Benefits	32.65	30.58	26.88	28.57	28.69	23.68
Occupancy Expenses	3.23	3.14	2.72	2.7	2.68	2.7
Selling, General & Administrative	7.06	6.94	6.43	5.79	5.41	5.85
Other Non-Interest Expense	13.09	12.72	11.69	12.22	11.53	8.87
Total Non-Interest Expense	56.02	53.38	47.73	49.28	48.31	41.1
EBT Excluding Unusual Items	91.33	87.31	71.97	91.05	82.14	48.76
Asset Writedown	-	-	-	0.16	0.48	-
Pretax Income	90.44	87.31	71.97	91.22	82.62	48.76
Income Tax Expense	23.81	22.81	20.36	28.62	20.92	12.37
Net Income	66.63	64.5	51.61	62.6	61.7	36.39
Net Income to Common	66.63	64.5	51.61	62.6	61.7	36.39
Net Income Growth	11.76%	24.98%	-17.55%	1.46%	69.54%	-18.61%
Basic Shares Outstanding	25	25	25	25	26	26
Diluted Shares Outstanding	26	26	26	26	26	26
Shares Change (YoY)	0.44%	0.25%	-0.66%	-0.39%	-0.04%	4.32%
EPS (Basic)	2.62	2.55	2.05	2.46	2.41	1.42
EPS (Diluted)	2.59	2.52	2.02	2.44	2.39	1.41
EPS Growth	11.15%	24.75%	-17.21%	2.09%	69.50%	-22.10%
Dividend Per Share	0.940	0.830	0.720	0.600	0.460	0.400
Dividend Growth	20.51%	15.28%	20.00%	30.44%	15.00%	-4.76%
Effective Tax Rate	26.33%	26.12%	28.29%	31.37%	25.32%	25.37%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.