MetroCity Bankshares, Inc. operates as the bank holding company for Metro City Bank that offers banking products and services in Georgia, the United States. It provides consumer and commercial checking accounts, savings accounts, certificates of deposits, money transfers, and other banking services. The company also offers construction and development, commercial real estate, commercial and industrial, single family residential mortgage, small business administration, and other consumer loans; and online banking, treasury management, wire transfer, automated clearing house, and cash management services. It serves small to medium-sized businesses and individuals. The company operates 19 full-service branch locations in Alabama, Florida, Georgia, New York, New Jersey, Texas, and Virginia. The company was founded in 2006 and is headquartered in Doraville, Georgia.
IPO Year: 2019
Exchange: NASDAQ
Website: metrocitybank.bank
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4 - MetroCity Bankshares, Inc. (0001747068) (Issuer)
4 - MetroCity Bankshares, Inc. (0001747068) (Issuer)
4 - MetroCity Bankshares, Inc. (0001747068) (Issuer)
4 - MetroCity Bankshares, Inc. (0001747068) (Issuer)
4 - MetroCity Bankshares, Inc. (0001747068) (Issuer)
4 - MetroCity Bankshares, Inc. (0001747068) (Issuer)
10-Q - MetroCity Bankshares, Inc. (0001747068) (Filer)
8-K - MetroCity Bankshares, Inc. (0001747068) (Filer)
8-K - MetroCity Bankshares, Inc. (0001747068) (Filer)
8-K - MetroCity Bankshares, Inc. (0001747068) (Filer)
10-Q - MetroCity Bankshares, Inc. (0001747068) (Filer)
8-K - MetroCity Bankshares, Inc. (0001747068) (Filer)
8-K - MetroCity Bankshares, Inc. (0001747068) (Filer)
8-K - MetroCity Bankshares, Inc. (0001747068) (Filer)
8-K - MetroCity Bankshares, Inc. (0001747068) (Filer)
10-Q - MetroCity Bankshares, Inc. (0001747068) (Filer)
4 - MetroCity Bankshares, Inc. (0001747068) (Issuer)
4 - MetroCity Bankshares, Inc. (0001747068) (Issuer)
ATLANTA, Oct. 18, 2024 /PRNewswire/ -- MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ:MCBS), holding company for Metro City Bank (the "Bank"), today reported net income of $16.7 million, or $0.65 per diluted share, for the third quarter of 2024, compared to $16.9 million, or $0.66 per diluted share, for the second quarter of 2024, and $11.4 million, or $0.45 per diluted share, for the third quarter of 2023. For the nine months ended September 30, 2024, the Company reported net income of $48.3 million, or $1.89 per diluted share, compared to $40.3 million, or $1.58 per diluted share, for the same period in 2023.
ATLANTA, Oct. 16, 2024 /PRNewswire/ -- MetroCity Bankshares, Inc. (the "Company") (NASDAQ:MCBS) announced today that its board of directors declared a quarterly cash dividend of $0.23 per share on its common stock. The cash dividend is payable on November 8, 2024 to shareholders of record as of October 30, 2024. The Company also announced today that its board of directors has approved the continuation of its share repurchase program that expired on September 30, 2024 ("Prior Share Repurchase Plan"), and authorized the Company to repurchase up to 925,250 shares of the Company'
ATLANTA, July 19, 2024 /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 million, or $0.66 per diluted share, for the second quarter of 2024, compared to $14.6 million, or $0.57 per diluted share, for the first quarter of 2024, and $13.1 million, or $0.51 per diluted share, for the second quarter of 2023. For the six months ended June 30, 2024, the Company reported net income of $31.6 million, or $1.24 per diluted share, compared to $28.8 million, or $1.13 per diluted share, for the same period in 2023. Second Quarter 2024 Highlights: Annualized return on average as
ATLANTA, July 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. The cash dividend is payable on August 9, 2024 to shareholders of record as of July 31, 2024. About MetroCity Bankshares, Inc. MetroCity Bankshares, Inc. is a Georgia corporation and a bank holding company for its wholly-owned banking subsidiary, Metro City Bank, which is headquartered in the Atlanta metropolitan area. Metro City Bank currently operates 20 full-service branch locat
ATLANTA, April 19, 2024 /PRNewswire/ -- MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ:MCBS), holding company for Metro City Bank (the "Bank"), today reported net income of $14.6 million, or $0.57 per diluted share, for the first quarter of 2024, compared to $11.3 million, or $0.44 per diluted share, for the fourth quarter of 2023, and $15.7 million, or $0.62 per diluted share, for the first quarter of 2023. First Quarter 2024 Highlights: Annualized return on average assets was 1.65%, compared to 1.29% for the fourth quarter of 2023 and 1.87% for the first q
ATLANTA, April 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. The cash dividend is payable on May 10, 2024 to shareholders of record as of May 1, 2024. About MetroCity Bankshares, Inc. MetroCity Bankshares, Inc. is a Georgia corporation and a bank holding company for its wholly-owned banking subsidiary, Metro City Bank, which is headquartered in the Atlanta metropolitan area. Metro City Bank currently operates 20 full-service branch location
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 million, or $0.44 per diluted share, for the fourth quarter of 2023, compared to $11.4 million, or $0.45 per diluted share, for the third quarter of 2023, and $10.2 million, or $0.40 per diluted share, for the fourth quarter of 2022. For the year ended December 31, 2023, the Company reported net income of $51.6 million, or $2.02 per diluted share, compared to $62.6 million, or $2.44 per diluted share, for the year ended December 31, 2022.
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. The cash dividend is payable on February 9, 2024 to shareholders of record as of January 31, 2024. About MetroCity Bankshares, Inc. MetroCity Bankshares, Inc. is a Georgia corporation and a bank holding company for its wholly-owned banking subsidiary, Metro City Bank, which is headquartered in the Atlanta metropolitan area. Metro City Bank currently operates 20 full-service branch
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 million, or $0.51 per diluted share, for the second quarter of 2023, compared to $15.7 million, or $0.62 per diluted share, for the first quarter of 2023, and $16.1 million, or $0.63 per diluted share, for the second quarter of 2022. For the six months ended June 30, 2023, the Company reported net income of $28.8 million, or $1.13 per diluted share, compared to $35.5 million, or $1.38 per diluted share, for the same period in 2022.
ATLANTA, July 19, 2023 /PRNewswire/ -- MetroCity Bankshares, Inc. (NASDAQ:MCBS) announced today that its board of directors declared a quarterly cash dividend of $0.18 per share on its common stock. The cash dividend is payable on August 11, 2023 to shareholders of record as of August 3, 2023. About MetroCity Bankshares, Inc. MetroCity Bankshares, Inc. is a Georgia corporation and a bank holding company for its wholly-owned banking subsidiary, Metro City Bank, which is headquartered in the Atlanta metropolitan area. Metro City Bank currently operates 20 full-service branch loc
ATLANTA, Oct. 18, 2024 /PRNewswire/ -- MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ:MCBS), holding company for Metro City Bank (the "Bank"), today reported net income of $16.7 million, or $0.65 per diluted share, for the third quarter of 2024, compared to $16.9 million, or $0.66 per diluted share, for the second quarter of 2024, and $11.4 million, or $0.45 per diluted share, for the third quarter of 2023. For the nine months ended September 30, 2024, the Company reported net income of $48.3 million, or $1.89 per diluted share, compared to $40.3 million, or $1.58 per diluted share, for the same period in 2023.
ATLANTA, Oct. 16, 2024 /PRNewswire/ -- MetroCity Bankshares, Inc. (the "Company") (NASDAQ:MCBS) announced today that its board of directors declared a quarterly cash dividend of $0.23 per share on its common stock. The cash dividend is payable on November 8, 2024 to shareholders of record as of October 30, 2024. The Company also announced today that its board of directors has approved the continuation of its share repurchase program that expired on September 30, 2024 ("Prior Share Repurchase Plan"), and authorized the Company to repurchase up to 925,250 shares of the Company'
ATLANTA, July 19, 2024 /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 million, or $0.66 per diluted share, for the second quarter of 2024, compared to $14.6 million, or $0.57 per diluted share, for the first quarter of 2024, and $13.1 million, or $0.51 per diluted share, for the second quarter of 2023. For the six months ended June 30, 2024, the Company reported net income of $31.6 million, or $1.24 per diluted share, compared to $28.8 million, or $1.13 per diluted share, for the same period in 2023. Second Quarter 2024 Highlights: Annualized return on average as
ATLANTA, July 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. The cash dividend is payable on August 9, 2024 to shareholders of record as of July 31, 2024. About MetroCity Bankshares, Inc. MetroCity Bankshares, Inc. is a Georgia corporation and a bank holding company for its wholly-owned banking subsidiary, Metro City Bank, which is headquartered in the Atlanta metropolitan area. Metro City Bank currently operates 20 full-service branch locat
ATLANTA, April 19, 2024 /PRNewswire/ -- MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ:MCBS), holding company for Metro City Bank (the "Bank"), today reported net income of $14.6 million, or $0.57 per diluted share, for the first quarter of 2024, compared to $11.3 million, or $0.44 per diluted share, for the fourth quarter of 2023, and $15.7 million, or $0.62 per diluted share, for the first quarter of 2023. First Quarter 2024 Highlights: Annualized return on average assets was 1.65%, compared to 1.29% for the fourth quarter of 2023 and 1.87% for the first q
ATLANTA, April 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. The cash dividend is payable on May 10, 2024 to shareholders of record as of May 1, 2024. About MetroCity Bankshares, Inc. MetroCity Bankshares, Inc. is a Georgia corporation and a bank holding company for its wholly-owned banking subsidiary, Metro City Bank, which is headquartered in the Atlanta metropolitan area. Metro City Bank currently operates 20 full-service branch location
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 million, or $0.44 per diluted share, for the fourth quarter of 2023, compared to $11.4 million, or $0.45 per diluted share, for the third quarter of 2023, and $10.2 million, or $0.40 per diluted share, for the fourth quarter of 2022. For the year ended December 31, 2023, the Company reported net income of $51.6 million, or $2.02 per diluted share, compared to $62.6 million, or $2.44 per diluted share, for the year ended December 31, 2022.
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. The cash dividend is payable on February 9, 2024 to shareholders of record as of January 31, 2024. About MetroCity Bankshares, Inc. MetroCity Bankshares, Inc. is a Georgia corporation and a bank holding company for its wholly-owned banking subsidiary, Metro City Bank, which is headquartered in the Atlanta metropolitan area. Metro City Bank currently operates 20 full-service branch
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 directors adopted a new repurchase program authorizing the Company to repurchase up to 1,000,000 shares of the Company's outstanding shares of common stock. The share repurchase program will begin on September 6, 2023 and end on September 30, 2024. The repurchase program permits shares to be repurchased in open market or private transactions, through block trades, and pursuant to any tr
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 million, or $0.51 per diluted share, for the second quarter of 2023, compared to $15.7 million, or $0.62 per diluted share, for the first quarter of 2023, and $16.1 million, or $0.63 per diluted share, for the second quarter of 2022. For the six months ended June 30, 2023, the Company reported net income of $28.8 million, or $1.13 per diluted share, compared to $35.5 million, or $1.38 per diluted share, for the same period in 2022.
Keefe, Bruyette & Woods analyst Kelly Motta reiterates MetroCity Bankshares (NASDAQ:MCBS) with a Market Perform and raises the price target from $28 to $32.
MetroCity Bankshares (NASDAQ:MCBS) reported quarterly earnings of $0.66 per share which beat the analyst consensus estimate of $0.59 by 11.86 percent. This is a 29.41 percent increase over earnings of $0.51 per share from the same period last year.
Keefe, Bruyette & Woods analyst Kelly Motta maintains MetroCity Bankshares (NASDAQ:MCBS) with a Market Perform and raises the price target from $27 to $28.
MetroCity Bankshares (NASDAQ:MCBS) reported quarterly earnings of $0.57 per share which beat the analyst consensus estimate of $0.53 by 7.55 percent. This is a 8.06 percent decrease over earnings of $0.62 per share from the same period last year.
Monday marks the last chance for investors to receive the next dividend payout from MetroCity Bankshares (NASDAQ:MCBS). What's Happening The company announced on Wednesday that it would pay shareholders a quarterly dividend of 20 cents per share. On Tuesday, MetroCity Bankshares will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 20 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own MCBS as of the end of Monday's session are eligible to receive the 20 cen
MetroCity Bankshares (NASDAQ:MCBS) reported its Q4 earnings results on Tuesday, January 23, 2024 at 12:00 PM. Here's what investors need to know about the announcement. Earnings MetroCity Bankshares missed estimated earnings by 8.33%, reporting an EPS of $0.44 versus an estimate of $0.48. Revenue was up $99 thousand from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.05 which was followed by a 0.76% drop in the share price the next day. Here's a look at MetroCity Bankshares's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.50 0.50 0.50 0.59 EPS Actual 0.45 0.51 0.62 0.52 Revenue Estimate 29.20M 28.70M 30.3
MetroCity Bankshares (NASDAQ:MCBS) reported quarterly earnings of $0.44 per share which missed the analyst consensus estimate of $0.48 by 8.33 percent. This is a 15.38 percent decrease over earnings of $0.52 per share from the same period last year.
By the close of today, November 10, 2023, MetroCity Bankshares (NASDAQ:MCBS) will issue a dividend payout of $0.18 per share, resulting in an annualized dividend yield of 3.54%. Only those investors who owned the stock prior to the ex-dividend date on October 31, 2023 will receive this payout. MetroCity Bankshares Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff; text-align: left;