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MetroCity Bankshares, Inc. operates as the bank holding company for Metro City Bank that provides banking products and services in the United States. The company offers customary banking services, such as consumer and commercial checking, savings, and money market accounts, as well as certificates of deposit. It also provides commercial and consumer loans, including single family residential loans; construction and development, and owner and non-owner occupied commercial real estate loans; and commercial and industrial, residential mortgage, small business administration loans, and consumer and other loans, as well as letters of credit and investment securities. In addition, the company offers online banking services, which include access to account balances, online transfers, online bill payment, and electronic delivery of customer statements; mobile banking solutions, such as remote check deposit with mobile bill pay; and automated teller machines and banking by telephone, mail and personal appointment. Further, it provides debit cards for checking customers, direct deposits, and cashier's checks; treasury management services, including balance reporting, transfers between accounts, wire transfer initiation, automated clearing house, and stop payments services; and cash management deposit products, such as remote deposit capture, positive pay, zero balance accounts, and sweep accounts. MetroCity Bankshares, Inc. was founded in 2006 and is headquartered in Doraville, Georgia.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $153M | - | $69M | $37M | 12.6% | 9.8% | 6.2% |
| 2024 | $140M | - | $65M | $62M | 15.3% | 18.3% | 25.0% |
| 2023 | $118M | - | $52M | $77M | 13.5% | -12.4% | -17.6% |
| 2022 | $135M | - | $63M | $132M | 17.9% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 134.68 | 118.03 | 139.66 | 153.42 |
| Pretax Income | 91.22 | 71.97 | 87.31 | 92.69 |
| Tax Provision | 28.61 | 20.36 | 22.81 | 24.16 |
| Net Income | 62.60 | 51.61 | 64.50 | 68.53 |
| Net Income Common Stockholders | 62.60 | 51.61 | 64.50 | 68.53 |
| Interest Expense | 27.61 | 91.35 | 94.77 | 90.38 |
| Interest Income | 147.22 | 192.83 | 212.91 | 220.83 |
| Selling General And Administration | 32.90 | 32.12 | 36.20 | 39.81 |
| Normalized Income | 62.60 | 51.61 | 64.50 | 72.03 |
| Basic EPS | 2.58 | 2.05 | 2.55 | 2.66 |
| Diluted EPS | 2.55 | 2.02 | 2.52 | 2.64 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | -1.23 |
| Tax Rate For Calcs | 0.31 | 0.28 | 0.26 | 0.26 |
| Total Unusual Items | 0 | 0 | 0 | -4.73 |
| Total Unusual Items Excluding Goodwill | 0 | 0 | 0 | -4.73 |
| Net Income From Continuing Operation Net Minority Interest | 62.60 | 51.61 | 64.50 | 68.53 |
| Reconciled Depreciation | 3.88 | 2.69 | 2.96 | 3.51 |
| Net Interest Income | 119.61 | 101.48 | 118.15 | 130.45 |
| Net Income From Continuing And Discontinued Operation | 62.60 | 51.61 | 64.50 | 68.53 |
| Diluted Average Shares | 25.69 | 25.52 | 25.58 | 26.01 |
| Basic Average Shares | 25.42 | 25.18 | 25.30 | 25.73 |
| Diluted NI Availto Com Stockholders | 62.60 | 51.61 | 64.50 | 68.53 |
| Net Income Including Noncontrolling Interests | 62.60 | 51.61 | 64.50 | 68.53 |
| Net Income Continuous Operations | 62.60 | 51.61 | 64.50 | 68.53 |
| Special Income Charges | 0 | 0 | 0 | -4.73 |
| Restructuring And Mergern Acquisition | 0 | 0 | 0 | 4.73 |
| Gain On Sale Of Security | -1.09 | 0 | 0 | 0 |
| Depreciation Amortization Depletion Income Statement | 0 | 0 | 0 | 0.11 |
| Depreciation And Amortization In Income Statement | 0 | 0 | 0 | 0.11 |
| Amortization | 0 | 0 | 0 | 0.11 |
| Amortization Of Intangibles Income Statement | 0 | 0 | 0 | 0.11 |
| Selling And Marketing Expense | 0.61 | 0.61 | 0.63 | 0.66 |
| General And Administrative Expense | 32.29 | 31.50 | 35.57 | 39.15 |
| Other Gand A | 0 | 0 | 0 | 0 |
| Insurance And Claims | 1.23 | 1.58 | 1.72 | 1.71 |
| Salaries And Wages | 31.07 | 29.92 | 33.85 | 37.44 |
| Operating Revenue | 134.68 | 118.03 | 139.66 | 153.42 |
| Occupancy And Equipment | 4.86 | 4.89 | 5.52 | 5.79 |
| Professional Expense And Contract Services Expense | 1.31 | 1.52 | 1.52 | 1.75 |
| Other Non Interest Expense | 7.16 | 7.54 | 8.58 | 8.87 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| MetroCity Bankshares, Inc.this co. | MCBS | $916M | 11.50↓ discount | 1.69 | 12.6% | - |
| Equity Bancshares, Inc. | EQBK | $941M | 38.39 | 1.15 | 3.1% | - |
| Horizon Bancorp, Inc. | HBNC | $914M | - | 1.31 | -21.9% | - |
| Esquire Financial Holdings, Inc. | ESQ | $910M | 17.75 | 2.87 | 17.5% | - |
| Abacus Global Management, Inc. | ABX |
| $902M |
| 26.06 |
| 2.18 |
| 8.7% |
| 11.09 |
| CNB Financial Corporation | CCNE | $899M | 10.57 | 1.09 | 7.6% | - |
| Business First Bancshares, Inc. | BFST | $879M | 9.55 | 0.96 | 9.8% | - |
| Mercantile Bank Corporation | MBWM | $876M | 9.08 | 1.19 | 12.2% | - |
| NB Bancorp, Inc. | NBBK | $876M | 14.28 | 0.95 | 5.9% | - |
| Peer Median | - | 14.28 | 1.17 | 8.2% | 11.09 | |