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NASDAQ:MCBS

MetroCity Bankshares Q2 2024 Earnings Report

MetroCity Bankshares logo
$29.30 -0.02 (-0.07%)
Closing price 04:00 PM Eastern
Extended Trading
$29.36 +0.06 (+0.22%)
As of 04:20 PM Eastern
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MetroCity Bankshares EPS Results

Actual EPS
$0.66
Consensus EPS
$0.59
Beat/Miss
Beat by +$0.07
One Year Ago EPS
N/A

MetroCity Bankshares Revenue Results

Actual Revenue
$59.67 million
Expected Revenue
N/A
Beat/Miss
N/A
YoY Revenue Growth
N/A

MetroCity Bankshares Announcement Details

Quarter
Q2 2024
Time
During Market Hours
Conference Call Date
Friday, July 19, 2024
Conference Call Time
9:30AM ET

Upcoming Earnings

MetroCity Bankshares' Q3 2025 earnings is scheduled for Friday, July 18, 2025

MetroCity Bankshares Earnings Headlines

MetroCity Bankshares Raises Dividend to 25c/Shr
A new rule goes live in July — and the banks are quietly cashing in
A little-known regulation quietly goes into effect this July. And it's already being exploited by Wall Street and the Big Banks… It gives them the green light to treat a certain tangible asset as equivalent to cold, hard cash. Not stocks. Not real estate. And definitely not the U.S. dollar. We're talking about something they don't want you to notice — because the fewer people who act on this, the better it is for them.
MCBS MetroCity Bankshares, Inc. - Seeking Alpha
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About MetroCity Bankshares

MetroCity Bankshares (NASDAQ:MCBS) (NASDAQ: MCBS) is a bank holding company headquartered in Buena Park, California, with its primary subsidiary, MetroCity Bank, offering a full suite of commercial and consumer banking services. Since its founding in 1996, the company has focused on serving the diverse needs of businesses and individuals throughout Southern California, including Orange, Los Angeles, Riverside and San Bernardino counties, leveraging its deep community ties to foster long-term client relationships.

MetroCity Bank’s product offerings span traditional deposit and lending solutions for retail and commercial customers. Personal banking services include checking and savings accounts, money market accounts, certificates of deposit and residential mortgage financing. For businesses, the bank provides commercial real estate and construction loans, lines of credit, equipment financing, letters of credit and treasury management services. A dedicated SBA lending division also supports small and emerging businesses seeking government-guaranteed financing.

The bank has expanded its reach through both organic growth and targeted branch openings, catering to a multilingual customer base with tailored financial products and culturally attuned service. MetroCity Bankshares places strong emphasis on digital banking capabilities, offering online and mobile platforms to streamline account access, funds transfers and bill payment for both personal and business clients.

Leadership at MetroCity Bankshares comprises a seasoned executive team with decades of banking experience. Under the guidance of its President and Chief Executive Officer and supported by a board of directors with extensive backgrounds in finance, real estate and community development, the company remains committed to responsible growth, prudent risk management and reinvestment into the markets it serves.

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