MetroCity Bankshares, Inc. (MCBS)

NASDAQ: MCBS · IEX Real-Time Price · USD
24.73
+0.05 (0.20%)
Mar 28, 2024, 1:00 PM EDT - Market open
0.20%
Market Cap 622.07M
Revenue (ttm) 119.70M
Net Income (ttm) 51.61M
Shares Out 25.21M
EPS (ttm) 2.02
PE Ratio 12.22
Forward PE 10.38
Dividend $0.80 (3.24%)
Ex-Dividend Date Jan 30, 2024
Volume 4,720
Open 24.68
Previous Close 24.68
Day's Range 24.35 - 24.88
52-Week Range 13.10 - 26.23
Beta 0.53
Analysts Hold
Price Target 23.00 (-7.0%)
Earnings Date Apr 19, 2024

About MCBS

MetroCity Bankshares, Inc. operates as the bank holding company for Metro City Bank that engages in the provision of banking products and services in the United States. It offers customary banking services, such as consumer and commercial checking accounts, savings, and money market accounts, as well as certificates of deposit. The company also provides commercial and consumer loans, including single family residential loans; construction and development, and owner and non-owner occupied commercial real estate loans; letters of credit; and comm... [Read more]

Sector Financials
IPO Date Oct 3, 2019
Employees 220
Stock Exchange NASDAQ
Ticker Symbol MCBS
Full Company Profile

Financial Performance

In 2023, MCBS's revenue was $119.70 million, a decrease of -14.80% compared to the previous year's $140.50 million. Earnings were $51.61 million, a decrease of -17.55%.

Financial Statements

Analyst Forecast

According to one analyst, the rating for MCBS stock is "Hold" and the 12-month stock price forecast is $23.0.

Price Target
$23.0
(-7.00% downside)
Analyst Consensus: Hold
Stock Forecasts

News

METROCITY BANKSHARES, INC. REPORTS EARNINGS FOR FOURTH QUARTER AND YEAR ENDED 2023

ATLANTA , Jan. 23, 2024 /PRNewswire/ -- MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ: MCBS), holding company for Metro City Bank (the "Bank"), today reported net income of $11.3 m...

2 months ago - PRNewsWire

MetroCity Bankshares, Inc. Declares Quarterly Cash Dividend

ATLANTA , Jan. 17, 2024 /PRNewswire/ -- MetroCity Bankshares, Inc. (NASDAQ: MCBS) announced today that its board of directors declared a quarterly cash dividend of $0.20 per share on its common stock....

2 months ago - PRNewsWire

METROCITY BANKSHARES, INC. REPORTS EARNINGS FOR THIRD QUARTER 2023

ATLANTA , Oct. 20, 2023 /PRNewswire/ -- MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ: MCBS), holding company for Metro City Bank (the "Bank"), today reported net income of $11.4 m...

5 months ago - PRNewsWire

MetroCity Bankshares, Inc. Announces New Share Repurchase Program

ATLANTA, Sept. 5, 2023 /PRNewswire/ -- MetroCity Bankshares, Inc. (the "Company") (NASDAQ: MCBS), the holding company for Metro City Bank, announced today that on September 1, 2023, its board of direc...

7 months ago - PRNewsWire

METROCITY BANKSHARES, INC. REPORTS EARNINGS FOR SECOND QUARTER 2023

ATLANTA , July 21, 2023 /PRNewswire/ -- MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ: MCBS), holding company for Metro City Bank (the "Bank"), today reported net income of $13.1 m...

8 months ago - PRNewsWire

METROCITY BANKSHARES, INC. REPORTS EARNINGS FOR FIRST QUARTER 2023

ATLANTA , April 21, 2023 /PRNewswire/ -- MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ: MCBS), holding company for Metro City Bank (the "Bank"), today reported net income of $15.7 ...

1 year ago - PRNewsWire

METROCITY BANKSHARES, INC. REPORTS EARNINGS FOR FOURTH QUARTER AND YEAR ENDED 2022

ATLANTA , Jan. 23, 2023 /PRNewswire/ -- MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ: MCBS), holding company for Metro City Bank (the "Bank"), today reported net income of $13.2 m...

1 year ago - PRNewsWire

METROCITY BANKSHARES, INC. REPORTS EARNINGS FOR THIRD QUARTER 2022

ATLANTA , Oct. 21, 2022 /PRNewswire/ -- MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ: MCBS), holding company for Metro City Bank (the "Bank"), today reported net income of $16.9 m...

1 year ago - PRNewsWire

METROCITY BANKSHARES, INC. REPORTS EARNINGS FOR SECOND QUARTER 2022

ATLANTA , July 22, 2022 /PRNewswire/ -- MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ: MCBS), holding company for Metro City Bank (the "Bank"), today reported net income of $16.1 m...

1 year ago - PRNewsWire

METROCITY BANKSHARES, INC. REPORTS EARNINGS FOR FIRST QUARTER 2022

ATLANTA, April 22, 2022 /PRNewswire/ -- MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ: MCBS), holding company for Metro City Bank (the "Bank"), today reported net income of $19.4 m...

2 years ago - PRNewsWire

METROCITY BANKSHARES, INC. REPORTS EARNINGS FOR FOURTH QUARTER AND YEAR ENDED 2021

ATLANTA, Jan. 24, 2022 /PRNewswire/ -- MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ: MCBS), holding company for Metro City Bank (the "Bank"), today reported net income of $17.4 mi...

2 years ago - PRNewsWire

MetroCity Bankshares, Inc. Reports Earnings For Third Quarter 2021

ATLANTA , Oct. 22, 2021 /PRNewswire/ -- MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ: MCBS), holding company for Metro City Bank (the "Bank"), today reported net income of $16.9 m...

2 years ago - PRNewsWire

MetroCity Bankshares, Inc. Reports Earnings For Second Quarter 2021

ATLANTA, July 23, 2021 /PRNewswire/ -- MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ: MCBS), holding company for Metro City Bank (the "Bank"), today reported net income of $14.4 mi...

2 years ago - PRNewsWire

MetroCity Bankshares, Inc. Announces Share Repurchase Program

ATLANTA, April 23, 2021 /PRNewswire/ -- MetroCity Bankshares, Inc. (the "Company") (NASDAQ: MCBS), the holding company for Metro City Bank, announced today that its board of directors has adopted a sh...

3 years ago - PRNewsWire

MetroCity Bankshares, Inc. Reports Earnings For First Quarter 2021

ATLANTA, April 23, 2021 /PRNewswire/ -- MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ: MCBS), holding company for Metro City Bank (the "Bank"), today reported net income of $13.0 m...

3 years ago - PRNewsWire

MetroCity Bankshares, Inc. Reports Earnings For Fourth Quarter And Year Ended 2020

ATLANTA, Jan. 22, 2021 /PRNewswire/ -- MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ: MCBS), holding company for Metro City Bank (the "Bank"), today reported net income of $9.5 mil...

3 years ago - PRNewsWire

MetroCity Bankshares, Inc. Reports Earnings For Third Quarter 2020

ATLANTA, Oct. 23, 2020 /PRNewswire/ -- MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ: MCBS), holding company for Metro City Bank (the "Bank"), today reported net income of $9.4 mil...

3 years ago - PRNewsWire