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MetroCity Bankshares (MCBS) Financials

MetroCity Bankshares logo
$26.87 -0.19 (-0.70%)
Closing price 04:00 PM Eastern
Extended Trading
$26.90 +0.02 (+0.09%)
As of 04:10 PM Eastern
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Annual Income Statements for MetroCity Bankshares

Annual Income Statements for MetroCity Bankshares

This table shows MetroCity Bankshares' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 63 52 65
Consolidated Net Income / (Loss)		 63 52 65
Net Income / (Loss) Continuing Operations		 63 52 65
Total Pre-Tax Income 		91 72 87
Total Revenue		 138 120 141
Net Interest Income / (Expense)		 120 101 118
Total Interest Income		 147 193 213
Loans and Leases Interest Income		 143 182 201
Investment Securities Interest Income		 4.33 11 12
Federal Funds Sold and Securities Borrowed Interest Income		 0.08 0.18 0.31
Total Interest Expense		 28 91 95
Deposits Interest Expense		 24 81 80
Short-Term Borrowings Interest Expense		 4.05 11 15
Total Non-Interest Income		 18 18 23
Service Charges on Deposit Accounts		 1.83 4.80 4.24
Other Service Charges		 0.49 2.53 5.04
Net Realized & Unrealized Capital Gains on Investments		 4.09 3.30 4.86
Other Non-Interest Income		 12 7.58 8.92
Provision for Credit Losses		 -2.77 -0.02 0.52
Total Non-Interest Expense		 49 48 53
Salaries and Employee Benefits		 31 29 33
Net Occupancy & Equipment Expense		 5.95 6.12 6.82
Marketing Expense		 0.61 0.61 0.63
Other Operating Expenses		 12 12 13
Income Tax Expense		 29 20 23
Basic Earnings per Share		 $2.46 $2.05 $2.55
Weighted Average Basic Shares Outstanding		 25.14M 25.21M 25.40M
Diluted Earnings per Share		 $2.44 $2.02 $2.52
Weighted Average Diluted Shares Outstanding		 25.14M 25.21M 25.40M
Weighted Average Basic & Diluted Shares Outstanding		 25.14M 25.21M 25.40M
Cash Dividends to Common per Share		 $0.60 $0.72 $0.83

Quarterly Income Statements for MetroCity Bankshares

This table shows MetroCity Bankshares' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 17 10 16 13 11 11 15 17 17 16 16
Consolidated Net Income / (Loss)		 17 10 16 13 11 11 15 17 17 16 16
Net Income / (Loss) Continuing Operations		 17 10 16 13 11 11 15 17 17 16 16
Total Pre-Tax Income 		24 20 22 19 16 16 20 23 23 21 22
Total Revenue		 35 30 32 30 27 31 33 36 37 35 36
Net Interest Income / (Expense)		 30 29 26 25 24 26 27 31 30 30 31
Total Interest Income		 38 44 46 47 49 51 52 54 54 53 53
Loans and Leases Interest Income		 37 42 44 45 46 47 50 51 50 50 50
Investment Securities Interest Income		 1.01 2.12 1.94 2.58 2.98 3.27 2.21 3.55 3.42 2.66 2.13
Federal Funds Sold and Securities Borrowed Interest Income		 0.02 0.05 0.04 0.06 0.04 0.04 0.03 0.03 0.08 0.16 0.14
Total Interest Expense		 8.51 15 20 23 25 25 25 23 24 23 22
Deposits Interest Expense		 6.96 13 17 20 22 22 22 20 20 19 18
Short-Term Borrowings Interest Expense		 1.55 1.92 2.36 2.71 2.82 2.86 3.17 3.66 3.94 3.94 3.99
Total Non-Interest Income		 5.10 0.71 6.14 4.69 2.66 4.71 5.57 5.56 6.62 5.32 5.46
Service Charges on Deposit Accounts		 1.33 -0.07 1.81 1.39 0.27 1.32 1.50 0.56 1.23 0.96 0.91
Other Service Charges		 0.09 -0.95 1.04 0.52 0.18 0.80 0.74 1.72 1.33 1.25 1.39
Net Realized & Unrealized Capital Gains on Investments		 0.50 - 1.97 1.05 0.24 0.03 1.27 1.18 1.61 0.80 1.06
Other Non-Interest Income		 3.19 1.73 1.32 1.73 1.97 2.55 2.06 2.11 2.45 2.31 2.10
Provision for Credit Losses		 -1.70 -1.17 0.00 -0.42 -0.38 0.78 -0.14 -0.13 0.58 0.20 0.14
Total Non-Interest Expense		 13 11 11 11 12 14 12 13 14 14 14
Salaries and Employee Benefits		 7.76 7.72 6.37 7.10 6.86 8.97 7.37 8.05 8.51 9.28 8.49
Net Occupancy & Equipment Expense		 1.44 1.55 1.49 1.39 1.57 1.67 1.65 1.69 1.74 1.74 1.76
Marketing Expense		 0.16 0.17 0.15 0.17 0.14 0.16 0.17 0.16 0.15 0.16 0.17
Other Operating Expenses		 3.34 1.85 2.81 2.80 2.96 3.12 3.17 3.14 3.26 3.15 3.38
Income Tax Expense		 7.01 9.35 5.84 5.51 4.22 4.79 5.80 6.43 5.96 4.62 5.78
Basic Earnings per Share		 $0.66 $0.41 $0.63 $0.52 $0.45 $0.45 $0.58 $0.67 $0.66 $0.64 $0.64
Weighted Average Basic Shares Outstanding		 25.31M 25.14M 25.14M 25.28M 25.21M 25.21M 25.21M 25.33M 25.33M 25.40M 25.40M
Diluted Earnings per Share		 $0.66 $0.39 $0.62 $0.51 $0.45 $0.44 $0.57 $0.66 $0.65 $0.64 $0.63
Weighted Average Diluted Shares Outstanding		 25.31M 25.14M 25.14M 25.28M 25.21M 25.21M 25.21M 25.33M 25.33M 25.40M 25.40M
Weighted Average Basic & Diluted Shares Outstanding		 25.31M 25.14M 25.14M 25.28M 25.21M 25.21M 25.21M 25.33M 25.33M 25.40M 25.40M
Cash Dividends to Common per Share		 $0.15 - $0.18 $0.18 $0.18 - $0.20 $0.20 $0.20 - $0.23

Annual Cash Flow Statements for MetroCity Bankshares

This table details how cash moves in and out of MetroCity Bankshares' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -262 -35 105
Net Cash From Operating Activities		 135 82 64
Net Cash From Continuing Operating Activities		 135 82 64
Net Income / (Loss) Continuing Operations		 63 52 65
Consolidated Net Income / (Loss)		 63 52 65
Provision For Loan Losses		 -2.77 -0.02 0.52
Depreciation Expense		 3.88 2.69 2.96
Non-Cash Adjustments to Reconcile Net Income		 97 1.26 -0.79
Changes in Operating Assets and Liabilities, net		 -26 27 -3.69
Net Cash From Investing Activities		 -652 -110 5.87
Net Cash From Continuing Investing Activities		 -652 -110 5.87
Purchase of Property, Leasehold Improvements and Equipment		 -2.35 -4.93 -1.29
Purchase of Investment Securities		 -5.79 0.00 0.00
Sale and/or Maturity of Investments		 2.93 5.03 189
Other Investing Activities, net		 -647 -110 -182
Net Cash From Financing Activities		 255 -6.51 36
Net Cash From Continuing Financing Activities		 255 -6.51 36
Net Change in Deposits		 404 64 5.86
Issuance of Debt		 525 425 450
Repayment of Debt		 -650 -475 -400
Repurchase of Common Equity		 -8.20 -2.02 -0.01
Payment of Dividends		 -15 -18 -21
Other Financing Activities, Net		 0.00 0.00 0.90
Cash Interest Paid		 25 90 95
Cash Income Taxes Paid		 34 18 22

Quarterly Cash Flow Statements for MetroCity Bankshares

This table details how cash moves in and out of MetroCity Bankshares' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Change in Cash & Equivalents		 -43 -0.24 45 39 19 -137 114 69 -37 -41 35
Net Cash From Operating Activities		 -2.11 -8.91 26 47 18 -8.30 36 19 -11 19 12
Net Cash From Continuing Operating Activities		 -2.11 -8.91 26 47 18 -8.30 36 19 -11 19 12
Net Income / (Loss) Continuing Operations		 17 10 16 13 11 11 15 17 17 16 16
Consolidated Net Income / (Loss)		 17 10 16 13 11 11 15 17 17 16 16
Provision For Loan Losses		 -1.70 -1.17 0.00 -0.42 -0.38 0.78 -0.14 -0.13 0.58 0.20 0.14
Depreciation Expense		 1.25 1.21 0.71 0.54 0.71 0.73 0.75 0.72 0.73 0.76 0.83
Non-Cash Adjustments to Reconcile Net Income		 1.70 -1.55 -0.04 0.79 -0.62 1.14 0.05 -1.30 -4.95 5.41 0.58
Changes in Operating Assets and Liabilities, net		 -20 -18 9.14 33 6.53 -22 21 3.13 -25 -3.33 -5.93
Net Cash From Investing Activities		 -210 -79 47 -8.40 -13 -136 -25 98 2.73 -69 -20
Net Cash From Continuing Investing Activities		 -210 -79 47 -8.40 -13 -136 -25 98 2.73 -69 -20
Purchase of Property, Leasehold Improvements and Equipment		 -1.09 -0.93 -1.16 -1.47 -1.36 -0.94 -0.24 -0.35 -0.28 -0.41 -0.07
Purchase of Investment Securities		 4.08 -1.87 -0.17 2.13 -2.31 0.35 -1.22 -1.19 - 2.41 -10
Sale and/or Maturity of Investments		 -3.58 0.89 4.53 0.31 0.21 -0.02 23 112 55 -1.15 42
Other Investing Activities, net		 -209 -77 44 -9.37 -9.23 -135 -46 -13 -52 -70 -52
Net Cash From Financing Activities		 168 88 -28 -0.14 14 7.10 103 -48 -28 8.75 43
Net Cash From Continuing Financing Activities		 168 88 -28 -0.14 14 7.10 103 -48 -28 8.75 43
Net Change in Deposits		 174 96 -23 54 20 12 83 -68 -23 14 0.23
Issuance of Debt		 100 50 125 150 - 150 75 375 - - 50
Repayment of Debt		 -100 -50 -125 -200 -0.39 -150 -50 -350 - - 0.00
Payment of Dividends		 -3.85 -3.80 -4.53 -4.53 -4.61 -4.54 -5.04 -5.04 -5.14 -5.83 -5.84
Other Financing Activities, Net		 - - - - - - - - - - -1.12
Cash Interest Paid		 7.72 14 19 22 24 24 26 23 23 23 22
Cash Income Taxes Paid		 8.98 11 0.69 6.79 6.29 4.21 0.23 9.44 6.89 4.95 1.06

Annual Balance Sheets for MetroCity Bankshares

This table presents MetroCity Bankshares' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Total Assets		 3,427 3,503 3,594
Cash and Due from Banks		 151 142 236
Federal Funds Sold		 29 2.65 14
Trading Account Securities		 48 61 39
Loans and Leases, Net of Allowance		 0.00 0.00 0.00
Loans Held for Sale		 0.00 22 0.00
Premises and Equipment, Net		 14 18 18
Other Assets		 3,175 3,257 3,276
Total Liabilities & Shareholders' Equity		 3,427 3,503 3,594
Total Liabilities		 3,078 3,121 3,173
Non-Interest Bearing Deposits		 612 512 536
Interest Bearing Deposits		 2,055 2,219 2,201
Accrued Interest Payable		 2.74 4.13 3.50
Long-Term Debt		 375 325 375
Other Long-Term Liabilities		 33 61 57
Total Equity & Noncontrolling Interests		 349 382 421
Total Preferred & Common Equity		 349 382 421
Preferred Stock		 0.00 0.00 0.00
Total Common Equity		 349 382 421
Common Stock		 46 46 49
Retained Earnings		 286 315 359
Accumulated Other Comprehensive Income / (Loss)		 18 20 13

Quarterly Balance Sheets for MetroCity Bankshares

This table presents MetroCity Bankshares' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025
Total Assets		 3,348 3,419 3,475 3,511 3,647 3,615 3,569 3,660
Cash and Due from Banks		 164 216 251 279 254 325 279 272
Federal Funds Sold		 16 7.90 12 2.95 4.51 2.83 12 13
Trading Account Securities		 20 54 58 64 67 64 48 33
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Loans Held for Sale		 2,963 2,993 - - 73 0.00 4.60 35
Premises and Equipment, Net		 14 15 16 17 18 18 18 18
Other Assets		 161 133 3,128 3,137 3,231 3,205 3,208 3,271
Total Liabilities & Shareholders' Equity		 3,348 3,419 3,475 3,511 3,647 3,615 3,569 3,660
Total Liabilities		 2,999 3,066 3,102 3,126 3,251 3,208 3,162 3,232
Non-Interest Bearing Deposits		 602 577 575 560 547 564 552 540
Interest Bearing Deposits		 1,969 2,067 2,123 2,159 2,267 2,182 2,171 2,197
Accrued Interest Payable		 1.49 3.68 3.86 3.92 3.06 3.48 3.59 3.49
Long-Term Debt		 375 375 325 325 350 375 375 425
Other Long-Term Liabilities		 52 43 74 79 84 84 60 66
Total Equity & Noncontrolling Interests		 349 353 373 385 397 407 407 428
Total Preferred & Common Equity		 349 353 373 385 397 407 407 428
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 349 353 373 385 397 407 407 428
Common Stock		 49 45 46 46 46 47 48 50
Retained Earnings		 279 293 302 309 325 337 348 369
Accumulated Other Comprehensive Income / (Loss)		 20 15 26 30 25 24 11 8.96

Annual Metrics And Ratios for MetroCity Bankshares

This table displays calculated financial ratios and metrics derived from MetroCity Bankshares' official financial filings.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - -
Revenue Growth		 -0.09% -13.10% 17.99%
EBITDA Growth		 11.31% -21.49% 20.92%
EBIT Growth		 10.41% -21.10% 21.32%
NOPAT Growth		 1.46% -17.55% 24.98%
Net Income Growth		 1.46% -17.55% 24.98%
EPS Growth		 2.09% -17.21% 24.75%
Operating Cash Flow Growth		 105.85% -39.05% -22.65%
Free Cash Flow Firm Growth		 134.38% -45.58% -136.24%
Invested Capital Growth		 -8.33% -2.52% 12.72%
Revenue Q/Q Growth		 -4.83% 0.99% 3.33%
EBITDA Q/Q Growth		 -3.64% -4.94% 5.55%
EBIT Q/Q Growth		 -4.37% -4.51% 5.71%
NOPAT Q/Q Growth		 -10.40% 2.31% 8.20%
Net Income Q/Q Growth		 -10.40% 2.31% 8.20%
EPS Q/Q Growth		 -10.29% 2.54% 8.62%
Operating Cash Flow Q/Q Growth		 -12.62% 0.75% 76.75%
Free Cash Flow Firm Q/Q Growth		 264.84% 7.28% -96.91%
Invested Capital Q/Q Growth		 0.05% -0.45% 1.81%
Profitability Metrics		 - - -
EBITDA Margin		 69.04% 62.38% 63.93%
EBIT Margin		 66.23% 60.14% 61.83%
Profit (Net Income) Margin		 45.45% 43.12% 45.68%
Tax Burden Percent		 68.63% 71.71% 73.88%
Interest Burden Percent		 100.00% 100.00% 100.00%
Effective Tax Rate		 31.37% 28.29% 26.12%
Return on Invested Capital (ROIC)		 8.26% 7.21% 8.58%
ROIC Less NNEP Spread (ROIC-NNEP)		 8.26% 7.21% 8.58%
Return on Net Nonoperating Assets (RNNOA)		 11.31% 6.91% 7.48%
Return on Equity (ROE)		 19.57% 14.12% 16.07%
Cash Return on Invested Capital (CROIC)		 16.95% 9.77% -3.37%
Operating Return on Assets (OROA)		 2.79% 2.08% 2.46%
Return on Assets (ROA)		 1.92% 1.49% 1.82%
Return on Common Equity (ROCE)		 19.57% 14.12% 16.07%
Return on Equity Simple (ROE_SIMPLE)		 17.92% 13.53% 15.31%
Net Operating Profit after Tax (NOPAT)		 63 52 65
NOPAT Margin		 45.45% 43.12% 45.68%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 26.91% 30.11% 28.79%
Operating Expenses to Revenue		 35.78% 39.88% 37.80%
Earnings before Interest and Taxes (EBIT)		 91 72 87
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 95 75 90
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 1.45 1.53 1.91
Price to Tangible Book Value (P/TBV)		 1.45 1.53 1.91
Price to Revenue (P/Rev)		 3.69 4.87 5.69
Price to Earnings (P/E)		 8.11 11.30 12.46
Dividend Yield		 2.99% 3.11% 2.62%
Earnings Yield		 12.33% 8.85% 8.03%
Enterprise Value to Invested Capital (EV/IC)		 0.97 1.08 1.17
Enterprise Value to Revenue (EV/Rev)		 5.11 6.38 6.58
Enterprise Value to EBITDA (EV/EBITDA)		 7.40 10.22 10.29
Enterprise Value to EBIT (EV/EBIT)		 7.71 10.61 10.64
Enterprise Value to NOPAT (EV/NOPAT)		 11.24 14.79 14.40
Enterprise Value to Operating Cash Flow (EV/OCF)		 5.22 9.30 14.62
Enterprise Value to Free Cash Flow (EV/FCFF)		 5.48 10.92 0.00
Leverage & Solvency		 - - -
Debt to Equity		 1.07 0.85 0.89
Long-Term Debt to Equity		 1.07 0.85 0.89
Financial Leverage		 1.37 0.96 0.87
Leverage Ratio		 10.21 9.48 8.84
Compound Leverage Factor		 10.21 9.48 8.84
Debt to Total Capital		 51.79% 46.00% 47.09%
Short-Term Debt to Total Capital		 0.05% 0.00% 0.00%
Long-Term Debt to Total Capital		 51.74% 46.00% 47.09%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00%
Common Equity to Total Capital		 48.21% 54.00% 52.91%
Debt to EBITDA		 3.95 4.35 4.15
Net Debt to EBITDA		 2.06 2.41 1.39
Long-Term Debt to EBITDA		 3.94 4.35 4.15
Debt to NOPAT		 6.00 6.30 5.81
Net Debt to NOPAT		 3.13 3.49 1.94
Long-Term Debt to NOPAT		 5.99 6.30 5.81
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00%
Liquidity Ratios		 - - -
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 128 70 -25
Operating Cash Flow to CapEx		 5,721.92% 1,664.96% 4,937.87%
Free Cash Flow to Firm to Interest Expense		 4.65 0.77 -0.27
Operating Cash Flow to Interest Expense		 4.88 0.90 0.67
Operating Cash Flow Less CapEx to Interest Expense		 4.79 0.84 0.66
Efficiency Ratios		 - - -
Asset Turnover		 0.04 0.03 0.04
Fixed Asset Turnover		 10.08 7.39 7.76
Capital & Investment Metrics		 - - -
Invested Capital		 725 707 796
Invested Capital Turnover		 0.18 0.17 0.19
Increase / (Decrease) in Invested Capital		 -66 -18 90
Enterprise Value (EV)		 704 763 929
Market Capitalization		 508 583 803
Book Value per Share		 $13.81 $15.14 $16.63
Tangible Book Value per Share		 $13.81 $15.14 $16.63
Total Capital		 725 707 796
Total Debt		 375 325 375
Total Long-Term Debt		 375 325 375
Net Debt		 196 180 125
Capital Expenditures (CapEx)		 2.35 4.93 1.29
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 375 325 375
Total Depreciation and Amortization (D&A)		 3.88 2.69 2.96
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $2.46 $2.05 $2.55
Adjusted Weighted Average Basic Shares Outstanding		 25.14M 25.21M 25.40M
Adjusted Diluted Earnings per Share		 $2.44 $2.02 $2.52
Adjusted Weighted Average Diluted Shares Outstanding		 25.14M 25.21M 25.40M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 25.14M 25.21M 25.40M
Normalized Net Operating Profit after Tax (NOPAT)		 63 52 65
Normalized NOPAT Margin		 45.45% 43.12% 45.68%
Pre Tax Income Margin		 66.23% 60.14% 61.83%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 3.30 0.79 0.92
NOPAT to Interest Expense		 2.27 0.57 0.68
EBIT Less CapEx to Interest Expense		 3.22 0.73 0.91
NOPAT Less CapEx to Interest Expense		 2.18 0.51 0.67
Payout Ratios		 - - -
Dividend Payout Ratio		 24.42% 35.26% 32.64%
Augmented Payout Ratio		 37.51% 39.18% 32.65%

Quarterly Metrics And Ratios for MetroCity Bankshares

This table displays calculated financial ratios and metrics derived from MetroCity Bankshares' official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -7.99% -19.06% -15.48% -14.95% -23.15% 3.97% 0.85% 22.29% 37.65% 14.75% 10.28%
EBITDA Growth		 9.61% -14.76% -16.69% -14.70% -34.95% -18.70% -4.90% 25.75% 42.93% 28.16% 8.14%
EBIT Growth		 7.54% -17.58% -17.12% -14.44% -34.52% -17.39% -5.28% 25.54% 44.79% 29.22% 8.05%
NOPAT Growth		 0.07% -41.65% -19.04% -18.58% -32.35% 11.46% -6.99% 29.21% 46.14% 43.08% 11.39%
Net Income Growth		 0.07% -41.65% -19.04% -18.58% -32.35% 11.46% -6.99% 29.21% 46.14% 43.08% 11.39%
EPS Growth		 0.00% -41.79% -18.42% -19.05% -31.82% 12.82% -8.06% 29.41% 44.44% 45.45% 10.53%
Operating Cash Flow Growth		 -147.61% -184.56% -72.96% -8.00% 936.95% 6.86% 42.40% -58.98% -165.03% 332.12% -67.24%
Free Cash Flow Firm Growth		 41.07% 118.20% 93.50% 105.99% 119.97% -61.02% 83.37% -612.37% -313.32% -348.29% -2,384.63%
Invested Capital Growth		 25.63% -8.33% 5.43% 0.01% -2.03% -2.52% 2.51% 11.98% 10.21% 12.72% 14.25%
Revenue Q/Q Growth		 0.05% -14.99% 9.17% -8.39% -9.61% 15.01% 6.75% 11.08% 1.75% -4.13% 1.78%
EBITDA Q/Q Growth		 12.00% -17.53% 7.39% -14.00% -14.58% 3.06% 25.62% 13.71% -2.91% -7.59% 5.99%
EBIT Q/Q Growth		 9.88% -18.29% 10.43% -13.71% -15.91% 3.10% 26.62% 14.36% -3.02% -7.98% 5.86%
NOPAT Q/Q Growth		 4.93% -39.74% 54.52% -16.67% -12.82% -0.71% 28.94% 15.76% -1.39% -2.79% 0.38%
Net Income Q/Q Growth		 4.93% -39.74% 54.52% -16.67% -12.82% -0.71% 28.94% 15.76% -1.39% -2.79% 0.38%
EPS Q/Q Growth		 4.76% -40.91% 58.97% -17.74% -11.76% -2.22% 29.55% 15.79% -1.52% -1.54% -1.56%
Operating Cash Flow Q/Q Growth		 -104.11% -322.22% 386.47% 84.86% -62.57% -146.99% 537.95% -46.75% -159.35% 267.72% -38.19%
Free Cash Flow Firm Q/Q Growth		 39.85% 158.09% -128.67% 159.74% 100.74% 13.36% -112.23% -1,741.13% 16.42% -31.95% -22.37%
Invested Capital Q/Q Growth		 3.72% 0.05% 0.49% -4.09% 1.60% -0.45% 5.67% 4.77% -0.01% 1.81% 7.11%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 72.09% 69.94% 68.80% 64.59% 61.03% 54.69% 64.88% 66.41% 63.38% 61.09% 63.62%
EBIT Margin		 68.51% 65.86% 66.62% 62.75% 58.38% 52.34% 62.57% 64.42% 61.41% 58.94% 61.31%
Profit (Net Income) Margin		 48.42% 34.32% 48.58% 44.19% 42.62% 36.80% 44.81% 46.70% 45.26% 45.89% 45.26%
Tax Burden Percent		 70.67% 52.12% 72.93% 70.42% 73.01% 70.32% 71.61% 72.48% 73.70% 77.85% 73.82%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 29.33% 47.88% 27.07% 29.58% 26.99% 29.68% 28.39% 27.52% 26.30% 22.15% 26.18%
Return on Invested Capital (ROIC)		 10.77% 6.24% 9.02% 8.01% 7.04% 6.15% 7.29% 7.98% 8.29% 8.62% 8.18%
ROIC Less NNEP Spread (ROIC-NNEP)		 10.77% 6.24% 9.02% 8.01% 7.04% 6.15% 7.29% 7.98% 8.29% 8.62% 8.18%
Return on Net Nonoperating Assets (RNNOA)		 11.64% 8.54% 10.28% 8.06% 6.72% 5.90% 7.05% 7.16% 7.33% 7.52% 7.69%
Return on Equity (ROE)		 22.42% 14.78% 19.31% 16.07% 13.77% 12.05% 14.34% 15.15% 15.62% 16.14% 15.87%
Cash Return on Invested Capital (CROIC)		 -11.98% 16.95% 3.01% 7.99% 9.09% 9.77% 4.37% -3.96% -1.72% -3.37% -5.03%
Operating Return on Assets (OROA)		 3.25% 2.78% 2.68% 2.39% 2.02% 1.81% 2.12% 2.30% 2.37% 2.35% 2.43%
Return on Assets (ROA)		 2.30% 1.45% 1.95% 1.68% 1.47% 1.27% 1.52% 1.67% 1.75% 1.83% 1.79%
Return on Common Equity (ROCE)		 22.42% 14.78% 19.31% 16.07% 13.77% 12.05% 14.34% 15.15% 15.62% 16.14% 15.87%
Return on Equity Simple (ROE_SIMPLE)		 20.02% 0.00% 16.69% 14.98% 13.11% 0.00% 12.74% 13.34% 14.64% 0.00% 15.46%
Net Operating Profit after Tax (NOPAT)		 17 10 16 13 11 11 15 17 17 16 16
NOPAT Margin		 48.42% 34.32% 48.58% 44.19% 42.62% 36.80% 44.81% 46.70% 45.26% 45.89% 45.26%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 26.80% 31.84% 24.71% 29.20% 32.00% 35.03% 28.14% 27.27% 28.18% 31.59% 28.94%
Operating Expenses to Revenue		 36.37% 38.08% 33.38% 38.65% 43.04% 45.13% 37.86% 35.93% 37.02% 40.49% 38.32%
Earnings before Interest and Taxes (EBIT)		 24 20 22 19 16 16 20 23 23 21 22
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 25 21 22 19 16 17 21 24 23 22 23
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.34 1.45 1.16 1.16 1.24 1.53 1.56 1.62 1.89 1.91 1.62
Price to Tangible Book Value (P/TBV)		 1.34 1.45 1.16 1.16 1.24 1.53 1.56 1.62 1.89 1.91 1.62
Price to Revenue (P/Rev)		 3.23 3.69 3.10 3.41 4.04 4.87 5.17 5.22 5.63 5.69 4.80
Price to Earnings (P/E)		 6.69 8.11 6.93 7.73 9.48 11.30 12.27 12.17 12.91 12.46 10.50
Dividend Yield		 3.21% 2.99% 3.88% 3.84% 3.65% 3.11% 3.01% 2.90% 2.57% 2.62% 3.15%
Earnings Yield		 14.95% 12.33% 14.43% 12.94% 10.55% 8.85% 8.15% 8.22% 7.74% 8.03% 9.53%
Enterprise Value to Invested Capital (EV/IC)		 0.92 0.97 0.77 0.71 0.73 1.08 0.95 0.91 1.09 1.17 0.98
Enterprise Value to Revenue (EV/Rev)		 4.58 5.11 4.25 3.91 4.40 6.38 5.93 5.60 6.25 6.58 5.77
Enterprise Value to EBITDA (EV/EBITDA)		 6.72 7.40 6.17 5.67 6.64 10.22 9.67 9.02 9.98 10.29 9.07
Enterprise Value to EBIT (EV/EBIT)		 6.95 7.71 6.45 5.92 6.92 10.61 10.04 9.37 10.33 10.64 9.38
Enterprise Value to NOPAT (EV/NOPAT)		 9.49 11.24 9.50 8.85 10.33 14.79 14.08 13.04 14.32 14.40 12.61
Enterprise Value to Operating Cash Flow (EV/OCF)		 4.30 5.22 8.50 8.02 6.40 9.30 7.65 10.88 23.76 14.62 21.37
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 5.48 26.18 8.86 8.00 10.92 22.04 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.08 1.07 1.06 0.87 0.84 0.85 0.88 0.92 0.92 0.89 0.99
Long-Term Debt to Equity		 1.07 1.07 1.06 0.87 0.84 0.85 0.88 0.92 0.92 0.89 0.99
Financial Leverage		 1.08 1.37 1.14 1.01 0.95 0.96 0.97 0.90 0.88 0.87 0.94
Leverage Ratio		 9.76 10.21 9.89 9.54 9.35 9.48 9.43 9.09 8.94 8.84 8.86
Compound Leverage Factor		 9.76 10.21 9.89 9.54 9.35 9.48 9.43 9.09 8.94 8.84 8.86
Debt to Total Capital		 51.82% 51.79% 51.54% 46.58% 45.79% 46.00% 46.88% 47.94% 47.94% 47.09% 49.83%
Short-Term Debt to Total Capital		 0.05% 0.05% 0.00% 0.06% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 51.77% 51.74% 51.54% 46.52% 45.79% 46.00% 46.88% 47.94% 47.94% 47.09% 49.83%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 48.18% 48.21% 48.46% 53.42% 54.21% 54.00% 53.12% 52.06% 52.06% 52.91% 50.17%
Debt to EBITDA		 3.80 3.95 4.14 3.73 4.14 4.35 4.76 4.78 4.38 4.15 4.62
Net Debt to EBITDA		 1.98 2.06 1.67 0.72 0.55 2.41 1.24 0.60 0.98 1.39 1.52
Long-Term Debt to EBITDA		 3.80 3.94 4.14 3.72 4.14 4.35 4.76 4.78 4.38 4.15 4.62
Debt to NOPAT		 5.37 6.00 6.37 5.82 6.44 6.30 6.93 6.90 6.29 5.81 6.42
Net Debt to NOPAT		 2.80 3.13 2.57 1.12 0.85 3.49 1.80 0.87 1.41 1.94 2.11
Long-Term Debt to NOPAT		 5.37 5.99 6.37 5.81 6.44 6.30 6.93 6.90 6.29 5.81 6.42
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -131 76 -22 13 26 30 -3.63 -67 -56 -74 -90
Operating Cash Flow to CapEx		 -193.67% -963.57% 2,197.33% 3,217.45% 1,300.07% -880.38% 14,962.55% 5,469.21% -4,103.57% 4,711.74% 17,015.71%
Free Cash Flow to Firm to Interest Expense		 -15.38 5.07 -1.11 0.58 1.06 1.21 -0.14 -2.85 -2.37 -3.26 -4.10
Operating Cash Flow to Interest Expense		 -0.25 -0.59 1.29 2.10 0.72 -0.34 1.44 0.83 -0.49 0.85 0.54
Operating Cash Flow Less CapEx to Interest Expense		 -0.38 -0.66 1.24 2.03 0.66 -0.38 1.43 0.81 -0.50 0.84 0.54
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.05 0.04 0.04 0.04 0.03 0.03 0.03 0.04 0.04 0.04 0.04
Fixed Asset Turnover		 10.73 10.08 9.42 8.66 7.62 7.39 7.22 7.33 7.67 7.76 8.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 724 725 728 699 710 707 747 782 782 796 853
Invested Capital Turnover		 0.22 0.18 0.19 0.18 0.17 0.17 0.16 0.17 0.18 0.19 0.18
Increase / (Decrease) in Invested Capital		 148 -66 38 0.08 -15 -18 18 84 72 90 106
Enterprise Value (EV)		 663 704 559 495 521 763 711 708 854 929 835
Market Capitalization		 467 508 408 432 478 583 620 661 770 803 695
Book Value per Share		 $13.72 $13.81 $14.04 $14.84 $15.22 $15.14 $15.73 $16.16 $16.07 $16.63 $16.85
Tangible Book Value per Share		 $13.72 $13.81 $14.04 $14.84 $15.22 $15.14 $15.73 $16.16 $16.07 $16.63 $16.85
Total Capital		 724 725 728 699 710 707 747 782 782 796 853
Total Debt		 375 375 375 325 325 325 350 375 375 375 425
Total Long-Term Debt		 375 375 375 325 325 325 350 375 375 375 425
Net Debt		 196 196 151 63 43 180 91 47 84 125 140
Capital Expenditures (CapEx)		 1.09 0.93 1.16 1.47 1.36 0.94 0.24 0.35 0.28 0.41 0.07
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 375 375 375 325 325 325 350 375 375 375 425
Total Depreciation and Amortization (D&A)		 1.25 1.21 0.71 0.54 0.71 0.73 0.75 0.72 0.73 0.76 0.83
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.66 $0.41 $0.63 $0.52 $0.45 $0.45 $0.58 $0.67 $0.66 $0.64 $0.64
Adjusted Weighted Average Basic Shares Outstanding		 25.31M 25.14M 25.14M 25.28M 25.21M 25.21M 25.21M 25.33M 25.33M 25.40M 25.40M
Adjusted Diluted Earnings per Share		 $0.66 $0.39 $0.62 $0.51 $0.45 $0.44 $0.57 $0.66 $0.65 $0.64 $0.63
Adjusted Weighted Average Diluted Shares Outstanding		 25.31M 25.14M 25.14M 25.28M 25.21M 25.21M 25.21M 25.33M 25.33M 25.40M 25.40M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 25.31M 25.14M 25.14M 25.28M 25.21M 25.21M 25.21M 25.33M 25.33M 25.40M 25.40M
Normalized Net Operating Profit after Tax (NOPAT)		 17 10 16 13 11 11 15 17 17 16 16
Normalized NOPAT Margin		 48.42% 34.32% 48.58% 44.19% 42.62% 36.80% 44.81% 46.70% 45.26% 45.89% 45.26%
Pre Tax Income Margin		 68.51% 65.86% 66.62% 62.75% 58.38% 52.34% 62.57% 64.42% 61.41% 58.94% 61.31%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 2.81 1.30 1.09 0.83 0.64 0.66 0.81 1.00 0.96 0.92 1.01
NOPAT to Interest Expense		 1.99 0.68 0.80 0.58 0.47 0.46 0.58 0.72 0.71 0.72 0.74
EBIT Less CapEx to Interest Expense		 2.68 1.24 1.03 0.76 0.58 0.62 0.80 0.98 0.95 0.91 1.00
NOPAT Less CapEx to Interest Expense		 1.86 0.62 0.74 0.52 0.41 0.42 0.57 0.71 0.70 0.70 0.74
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 21.55% 24.42% 27.15% 29.87% 34.61% 35.26% 37.05% 35.38% 33.15% 32.64% 33.03%
Augmented Payout Ratio		 27.11% 37.51% 42.01% 41.44% 45.75% 39.18% 39.95% 38.10% 34.35% 32.65% 33.03%

Financials Breakdown Chart

Key Financial Trends

MetroCity Bankshares (NASDAQ: MCBS) Financial Analysis Summary - Recent Four Quarters and Yearly Trends

MetroCity Bankshares has exhibited steady growth in its financial performance over the last four years, with some variability due to economic factors impacting interest income and expenses. Here's a summary of the key trends and financial highlights:

  • Consistent increase in Net Interest Income from approximately $26.2 million in Q4 2022 to $30.5 million in Q1 2025, indicating effective margin management despite rising interest expense pressures.
  • Total revenue grew from $29.7 million in Q2 2023 to $36 million in Q1 2025, supported by gains in both interest and non-interest income streams.
  • Net Income attributable to common shareholders improved from roughly $11.3 million in Q4 2022 to $16.3 million in Q1 2025, reflecting improving profitability.
  • Earnings per share increased steadily from around $0.45 in Q4 2022 to $0.64 basic EPS in Q1 2025, indicating value creation per share for investors.
  • Strong cash flow from operating activities in Q1 2025 was $11.9 million, demonstrating solid operational cash generation capacity.
  • The bank increased common equity from approximately $349 million in Q3 2022 to roughly $428 million in Q1 2025, bolstering capital strength.
  • Loans held for sale fluctuate significantly quarter to quarter, with $34.5 million in loans held for sale as of Q1 2025 but zero in some previous quarters, which may reflect strategic portfolio management activity.
  • The company maintained relatively stable dividends per share, increasing from $0.15 in early 2023 to $0.23 in Q1 2025, providing a steady return to shareholders.
  • Interest Expense increased from $15 million in Q4 2022 to $21.9 million in Q1 2025, pressuring net interest margins despite revenue growth.
  • Non-interest expenses rose modestly over the periods, with total non-interest expense at around $13.8 million in Q1 2025 compared to $11.3 million in late 2022, which could pressure operating margins if unchecked.

Additional Observations:

  • Provision for Credit Losses remained low and sometimes negative (indicating loan loss recoveries), suggesting manageable credit risk though requires ongoing monitoring.
  • Cash flow from investing activities showed significant outflows in multiple quarters notably Q4 2023 and Q1 2025, due to investment security purchases and other investing activities, which might constrain liquidity if continuing.
  • Long-term debt increased from $306 million in Q1 2023 to $425 million in Q1 2025, potentially to fund growth but also increasing leverage risk.

In conclusion, MetroCity Bankshares has demonstrated positive earnings and revenue growth with solid capital building and consistent dividend payments, balanced against rising interest expenses and growing non-interest costs. The management's handling of loans held for sale and investing activities will be key for sustaining future profitability.

10/07/25 09:51 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About MetroCity Bankshares' Financials

When does MetroCity Bankshares' financial year end?

According to the most recent income statement we have on file, MetroCity Bankshares' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has MetroCity Bankshares' net income changed over the last 2 years?

In the past 2 years, MetroCity Bankshares' net income has ranged from $51.61 million in 2023 to $64.50 million in 2024, and is currently $64.50 million as of their latest financial filing in 2024. Check out MetroCity Bankshares' forecast to explore projected trends and price targets.

How has MetroCity Bankshares' revenue changed over the last 2 years?

Over the last 2 years, MetroCity Bankshares' total revenue changed from $137.73 million in 2022 to $141.21 million in 2024, a change of 2.5%.

How much debt does MetroCity Bankshares have?

MetroCity Bankshares' total liabilities were at $3.17 billion at the end of 2024, a 1.6% increase from 2023, and a 3.1% increase since 2022.

How much cash does MetroCity Bankshares have?

In the past 2 years, MetroCity Bankshares' cash and equivalents has ranged from $142.15 million in 2023 to $236.34 million in 2024, and is currently $236.34 million as of their latest financial filing in 2024.

How has MetroCity Bankshares' book value per share changed over the last 2 years?

Over the last 2 years, MetroCity Bankshares' book value per share changed from 13.81 in 2022 to 16.63 in 2024, a change of 20.5%.


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This page (NASDAQ:MCBS) was last updated on 10/7/2025 by MarketBeat.com Staff
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