MetroCity Bankshares, Inc. (MCBS)

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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	200.91	200.77	181.88	142.82	107.85	75.87
Interest Income on Investments	12.17	12.14	10.94	4.41	0.89	1.74
Total Interest Income	213.07	212.91	192.83	147.22	108.74	77.61
Interest Paid on Deposits	75.93	80.06	80.61	23.56	3.95	10.92
Interest Paid on Borrowings	15.53	14.71	10.74	4.05	0.62	0.57
Total Interest Expense	91.46	94.77	91.35	27.61	4.57	11.49
Net Interest Income	121.62	118.15	101.48	119.61	104.17	66.12
Net Interest Income Growth (YoY)	18.84%	16.42%	-15.16%	14.82%	57.55%	8.44%
Mortgage Banking Activities	2.84	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	13.31	13.65	13.22	11.5	21.61	15.6
Total Non-Interest Income	22.95	23.06	18.2	17.96	33.21	27.21
Non-Interest Income Growth (YoY)	30.20%	26.69%	1.39%	-45.94%	22.05%	-31.80%
Revenues Before Loan Losses	144.57	141.21	119.68	137.57	137.38	93.33
Provision for Loan Losses	0.79	0.52	-0.02	-2.77	6.93	3.47
Revenue	143.78	140.69	119.7	140.33	130.45	89.86
Revenue Growth (YoY)	19.70%	17.54%	-14.70%	7.58%	45.16%	-10.91%
Salaries and Employee Benefits	31.7	30.58	26.88	28.57	28.69	23.68
Occupancy Expenses	3.2	3.14	2.72	2.7	2.68	2.7
Selling, General & Administrative	6.99	6.94	6.43	5.79	5.41	5.85
Other Non-Interest Expense	12.93	12.72	11.69	12.22	11.53	8.87
Total Non-Interest Expense	54.82	53.38	47.73	49.28	48.31	41.1
EBT Excluding Unusual Items	88.96	87.31	71.97	91.05	82.14	48.76
Asset Writedown	-	-	-	0.16	0.48	-
Pretax Income	88.96	87.31	71.97	91.22	82.62	48.76
Income Tax Expense	22.79	22.81	20.36	28.62	20.92	12.37
Net Income	66.17	64.5	51.61	62.6	61.7	36.39
Net Income to Common	66.17	64.5	51.61	62.6	61.7	36.39
Net Income Growth	30.99%	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)	0.27%	0.25%	-0.66%	-0.39%	-0.04%	4.32%
EPS (Basic)	2.61	2.55	2.05	2.46	2.41	1.42
EPS (Diluted)	2.58	2.52	2.02	2.44	2.39	1.41
EPS Growth	30.91%	24.75%	-17.21%	2.09%	69.50%	-22.10%
Dividend Per Share	0.860	0.830	0.720	0.600	0.460	0.400
Dividend Growth	16.22%	15.28%	20.00%	30.44%	15.00%	-4.76%
Effective Tax Rate	25.62%	26.12%	28.29%	31.37%	25.32%	25.37%

Updated Mar 10, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q