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 | 30.30M | 33.95M |
| Revenue Actual | 27.06M | 29.73M | 32.25M | 30.74M |
** Listen to the earnings announcement yourself by clicking here. **
To track all earnings releases for MetroCity Bankshares visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.