Metrocity Bankshares Inc
NASDAQ:MCBS

  • LAST PRICE
    29.5800
  • TODAY'S CHANGE (%)
    -0.6800 (-2.2472%)
  • Bid / Lots
    28.8100/ 24
  • Ask / Lots
    47.6100/ 2
  • Open / Previous Close
    30.0600 / 30.2600
  • Day Range
    29.5600
    30.3400
  • 52 Week Range
    19.5701
    32.8700
  • Volume
    22,143

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  • Oct 22, 2024

  • Oct 18, 2024

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    • 12:10PM ET on Friday Oct 18, 2024 by MT Newswires
      Companies Mentioned: MCBS
      12:10 PM EDT, 10/18/2024 (MT Newswires) -- MetroCity Bankshares (MCBS) shares fell 1.4% in recent Friday trading after the company reported its Q3 financial results. The company reported Q3 earnings of $0.65 per diluted share, up from $0.45 per shar...

    • 10:05AM ET on Friday Oct 18, 2024 by MT Newswires
      Companies Mentioned: MCBS
      10:05 AM EDT, 10/18/2024 (MT Newswires) -- ...

    • 10:05AM ET on Friday Oct 18, 2024 by PR Newswire
      Companies Mentioned: MCBS

      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.

    • 10:04AM ET on Friday Oct 18, 2024 by Dow Jones
      Companies Mentioned: MCBS
      As of and for the Three Months Ended Ended ---------------------------------------------------------------------------------------- --------------------------------- September 30, June 30, March 31, December 31, September 30, September 30, September 30, (Dollars in thousands) 2024 2024 2024 2023 2023 2024 2023 --------------- ---------- ---------- -------------- --------------- -------------- ------------- Balance, beginning of period $ 17,960 $ 17,982 $ 18,112 $ 17,660 $ 18,091 $ 18,112 $ 13,888 Net charge-offs/(recoveries): Construction and development -- -- -- -- -- -- -- Commercial real estate -- (82) (1) 224 (1) (83) 227 Commercial and industrial 24 (1) (3) 85 (3) 20 203 Residential real estate -- -- -- -- -- -- -- Consumer and other -- -- -- -- -- -- -- ----------- --------- --------- ---------- ----------- ------------- ------------ Total net charge-offs/(recoveries) 24 (83) (4) 309 (4) (63) 430 ----------- --------- --------- ---------- ----------- ------------- ------------ Adoption of ASU 2016-13 (CECL) -- -- -- -- -- -- 5,055 Provision for loan losses 653 (105) (134) 761 (435) 414 (853) ----------- --------- --------- ---------- ----------- ------------- ------------ Balance, end of period $ 18,589 $ 17,960 $ 17,982 $ 18,112 $ 17,660 $ 18,589 $ 17,660 =========== ========= ========= ========== =========== ============= ============ Total loans at end of period(1) $ 3,095,499 $3,098,569 $3,124,232 $ 3,150,961 $ 3,038,458 $ 3,095,499 $ 3,038,458 Average loans(1) $ 3,115,441 $3,108,303 $3,134,286 $ 3,064,409 $ 3,029,231 $ 3,123,423 $ 3,034,612 Net charge-offs/(recoveries) to average loans 0.00% (0.01)% (0.00)% 0.04% (0.00)% 0.00% 0.02% Allowance for loan losses to total loans 0.60 0.58 0.58 0.57 0.58 0.60 0.58 ____________________ (1) Excludes loans held for sale.

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