MetroCity Bankshares, Inc. (MCBS) 10-Year Financial Performance & Capital Metrics

MCBS • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingSoutheast Community Banks

AboutMetroCity Bankshares, Inc. operates as the bank holding company for Metro City Bank that provides banking products and services in the United States. It provides consumer and commercial checking accounts, savings accounts, certificates of deposits, money transfers, and other banking services. The company also offers construction and development, commercial real estate, commercial and industrial, single family residential mortgage, small business administration, and other consumer loans; and online banking, treasury management, wire transfer, automated clearing house, and cash management services. It serves small to medium-sized businesses, individuals, businesses, municipalities, and other entities. The company operates 19 full-service branch locations in Alabama, Florida, Georgia, New York, New Jersey, Texas, and Virginia. The company was founded in 2006 and is headquartered in Doraville, Georgia.Show more

Net Interest Income $118M +16.4%
Total Revenue $234M +12.0%
Net Income $65M +25.0%
Return on Equity 16.07% +13.8%
Net Interest Margin 3.29% +13.5%
Efficiency Ratio 22.11% +0.5%
ROA 1.82% +22.0%
Equity / Assets 11.72% +7.6%
Book Value per Share 16.47 +10.2%
Tangible BV/Share 16.42 +10.2%
Debt/Equity 0.91 +3.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 22.1% efficiency ratio
✓Well capitalized: 11.7% equity/assets
✓Good 3Y average ROE of 16.6%
✓Healthy dividend yield of 3.0%

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y20.85%

5Y14.16%

3Y18.97%

TTM-

Profit (Net Income) CAGR

10Y17.84%

5Y7.6%

3Y1.49%

TTM11.76%

EPS CAGR

10Y15.63%

5Y6.84%

3Y1.78%

TTM11.21%

ROCE

10Y Avg18.73%

5Y Avg11.76%

3Y Avg10.54%

Latest10.78%

Peer Comparison

Southeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FFINFirst Financial Bankshares, Inc.	4.68B	32.65	20.93	18.79%	30.24%	14.14%	6.26%	0.12
FHNFirst Horizon Corporation	11.85B	24.44	17.97	4.71%	15.7%	9.58%	10.33%	0.50
AUBAtlantic Union Bankshares Corporation	5.47B	38.36	17.13	28.8%	15.53%	4.22%	5.51%	0.17
UCBUnited Community Banks, Inc.	4.09B	33.91	16.62	14.65%	17.05%	8.83%	7.4%	0.13
SNVSynovus Financial Corp.	6.95B	50.05	16.52	1.16%	14.09%	13.7%	11.01%	0.35
PNFPPinnacle Financial Partners, Inc.	14.67B	97.65	16.38	15.32%	16.65%	9.1%	5.5%	0.39
CADECadence Bank	8.27B	44.40	16.03	32.37%	18.03%	9.08%	9.39%	0.01
ABCBAmeris Bancorp	5.56B	81.41	15.69	9.75%	21.97%	9.91%	2.53%	0.11

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	29.79M	38.33M	51.9M	58.2M	60.98M	66.12M	104.17M	119.61M	101.48M	118.15M
NII Growth %	-	0.29%	0.35%	0.12%	0.05%	0.08%	0.58%	0.15%	-0.15%	0.16%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	33.37M	43.57M	60.51M	72.88M	83.21M	77.61M	108.74M	147.22M	192.83M	212.91M
Interest Expense	3.58M	5.24M	8.62M	14.68M	22.24M	11.49M	4.57M	27.61M	91.35M	94.77M
Loan Loss Provision	0	0	3.06M	1.24M	0	3.47M	6.93M	-2.77M	-15K	516K
Non-Interest Income+	14.26M	20.25M	32.41M	34.14M	37.71M	25.35M	30.47M	15.07M	16.56M	21.52M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	47.63M	63.81M	92.92M	107.02M	120.92M	102.96M	139.21M	162.29M	209.38M	234.43M
Revenue Growth %	0.35%	0.34%	0.46%	0.15%	0.13%	-0.15%	0.35%	0.17%	0.29%	0.12%
Non-Interest Expense	18M	26.16M	31.19M	35.11M	37.82M	39.24M	45.09M	46.23M	46.08M	51.83M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	26.04M	32.42M	50.05M	56M	60.87M	48.76M	82.62M	91.22M	71.97M	87.31M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.31%	0.24%	0.54%	0.12%	0.09%	-0.2%	0.69%	0.1%	-0.21%	0.21%
Pretax Income+	26.04M	32.42M	50.05M	56M	60.87M	48.76M	82.62M	91.22M	71.97M	87.31M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	9.43M	12.2M	18.15M	14.67M	16.15M	12.37M	20.92M	28.61M	20.36M	22.81M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	16.61M	20.22M	31.9M	41.33M	44.72M	36.39M	61.7M	62.6M	51.61M	64.5M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.33%	0.22%	0.58%	0.3%	0.08%	-0.19%	0.7%	0.01%	-0.18%	0.25%
Net Income (Continuing)	16.61M	20.22M	31.9M	41.33M	44.72M	36.39M	61.7M	62.6M	51.61M	64.5M
EPS (Diluted)+	0.70	0.86	1.32	1.69	1.81	1.41	2.39	2.55	2.02	2.52
EPS Growth %	0.19%	0.23%	0.53%	0.28%	0.07%	-0.22%	0.7%	0.07%	-0.21%	0.25%
EPS (Basic)	0.70	0.86	1.34	1.71	1.82	1.42	2.41	2.58	2.05	2.55
Diluted Shares Outstanding	23.64M	23.64M	24.14M	24.48M	24.73M	25.8M	25.79M	25.69M	25.52M	25.58M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	40.32M	63.8M	94.37M	130.26M	270.5M	140.74M	432.52M	150.96M	142.15M	236.34M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	593.85M	986.96M	1.11B	1.21B	1.26B	1.64B	2.53B	3.1B	3.21B	3.19B
Investments Growth %	-	0.66%	0.13%	0.09%	0.04%	0.3%	0.54%	0.23%	0.03%	-0.01%
Long-Term Investments	563.78M	959.06M	1.09B	1.19B	1.24B	1.62B	2.5B	3.08B	3.19B	3.17B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	65.52K	9.38K	6.84M	14.93M	18.07M	12.99M	7.75M	3.97M	1.27M	1.41M
PP&E (Net)	4.29M	7.29M	12.38M	14.39M	26.42M	24.2M	22.41M	22.72M	26.6M	26.13M
Other Assets	30.74M	38.24M	57.71M	55.42M	55.97M	70.56M	106.83M	136.28M	110.8M	125.64M
Total Current Assets	72.52M	95.47M	120.18M	154.11M	291.29M	169.53M	469.31M	183.38M	175.77M	269.59M
Total Non-Current Assets	598.86M	1B	1.17B	1.28B	1.34B	1.73B	2.64B	3.24B	3.33B	3.32B
Total Assets+	671.38M	1.1B	1.29B	1.43B	1.63B	1.9B	3.11B	3.43B	3.5B	3.59B
Asset Growth %	0.15%	0.64%	0.17%	0.11%	0.14%	0.16%	0.64%	0.1%	0.02%	0.03%
Return on Assets (ROA)	0.03%	0.02%	0.03%	0.03%	0.03%	0.02%	0.02%	0.02%	0.01%	0.02%
Accounts Payable	197.73K	355.75K	401K	1.25M	890K	222K	204K	2.74M	4.13M	3.5M
Total Debt+	15.45M	114.04M	125.04M	4.26M	75.61M	121.39M	510.32M	384.28M	335.46M	382.94M
Net Debt	-24.87M	50.24M	30.67M	-126.01M	-194.89M	-19.35M	77.8M	233.31M	193.31M	146.6M
Long-Term Debt	15.45M	114.04M	125.04M	4.26M	63.13M	80.48M	500.46M	375.39M	325M	375M
Short-Term Debt	0	0	0	0	0	30M	0	0	0	0
Other Liabilities	3.32M	7.54M	8.43M	14.3M	31.26M	51.15M	42.39M	23.96M	50.78M	49.46M
Total Current Liabilities	563.05M	871.22M	1.02B	1.25B	1.31B	1.51B	2.26B	2.67B	2.74B	2.74B
Total Non-Current Liabilities	18.77M	121.58M	133.47M	18.56M	106.87M	142.55M	552.71M	408.24M	384.43M	432.4M
Total Liabilities	581.82M	992.8M	1.15B	1.26B	1.42B	1.65B	2.82B	3.08B	3.12B	3.17B
Total Equity+	89.56M	107.26M	135.12M	168.61M	216.72M	244.83M	290.22M	349.42M	381.52M	421.35M
Equity Growth %	0.23%	0.2%	0.26%	0.25%	0.29%	0.13%	0.19%	0.2%	0.09%	0.1%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.2%	0.21%	0.26%	0.27%	0.23%	0.16%	0.23%	0.2%	0.14%	0.16%
Book Value per Share	3.79	4.54	5.60	6.89	8.76	9.49	11.25	13.60	14.95	16.47
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	114.87K	118.21K	120.38K	242K	255K	257K	255K	252K	252K	254K
Additional Paid-in Capital	35.89M	37.14M	38.54M	40.04M	53.85M	55.67M	51.56M	45.3M	45.7M	49.22M
Retained Earnings	53.62M	70.07M	96.53M	128.56M	162.62M	188.71M	238.58M	285.83M	315.36M	358.7M
Accumulated OCI	-63.48K	-61.91K	-68K	-104K	-1K	195K	-168K	18.04M	20.21M	13.18M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	16.74M	-140.54M	151.81M	-160.99M	32.2M	142.56M	65.43M	134.69M	82.1M	63.5M
Operating CF Growth %	1.38%	-9.4%	2.08%	-2.06%	1.2%	3.43%	-0.54%	1.06%	-0.39%	-0.23%
Net Income	16.61M	20.22M	31.9M	41.33M	44.72M	36.39M	61.7M	62.6M	51.61M	64.5M
Depreciation & Amortization	603.16K	582.87K	593K	899K	2.72M	2.93M	2.81M	3.88M	2.69M	2.96M
Deferred Taxes	661.69K	752.75K	-134K	355K	1.09M	-1.95M	-3.07M	-2.96M	1.01M	350K
Other Non-Cash Items	-1.23M	-161.83M	130.24M	-206.6M	-28.93M	89.3M	7.15M	93.25M	-357K	-927K
Working Capital Changes	-288.04K	-771.25K	-11.51M	1.52M	11.08M	14.06M	-4.58M	-24.01M	24.73M	-6.01M
Cash from Investing+	-78.87M	-239.56M	-277.94M	109.34M	-18.29M	-477.86M	-930.55M	-651.82M	-110.27M	5.87M
Purchase of Investments	0	0	-1.25M	0	0	-5.95M	-22.24M	0	0	0
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	640K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	0	0
Other Investing	-83.53M	-238.2M	-278.82M	110.12M	-20.5M	-475.12M	-910.77M	-652.35M	-106.61M	6.51M
Cash from Financing+	71.32M	403.58M	155.4M	94.17M	124.08M	209.58M	1.16B	255.27M	-6.51M	35.7M
Dividends Paid	-2.66M	-3.77M	-5.4M	-9.29M	-10.37M	-10.29M	-11.79M	-15.29M	-18.2M	-21.05M
Share Repurchases	0	0	0	0	-1.49M	0	-5.54M	-8.2M	-2.02M	-10K
Stock Issued	0	0	0	0	13.91M	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	1000K	1000K	-1000K	1000K	1000K	1000K	-1000K	-1000K	1000K
Other Financing	98.85M	308.76M	149.8M	224.25M	63.15M	172.51M	783.13M	403.82M	64.1M	6.76M
Net Change in Cash+	9.2M	23.48M	29.27M	42.59M	137.99M	-125.72M	290.65M	-261.86M	-34.68M	105.07M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	31.12M	40.32M	66.56M	95.83M	138.43M	276.41M	150.69M	441.34M	179.49M	144.81M
Cash at End	40.32M	63.8M	95.83M	138.43M	276.41M	150.69M	441.34M	179.49M	144.81M	249.88M
Interest Paid	3.57M	5.08M	8.57M	13.82M	22.6M	12.16M	4.59M	25.07M	89.59M	95.4M
Income Taxes Paid	8.79M	9.91M	20.09M	10.4M	12.49M	14.77M	23.51M	34.31M	17.97M	21.5M
Free Cash Flow+	13.55M	-144M	145.9M	-163.85M	31.1M	142.02M	65.05M	132.34M	77.17M	62.22M
FCF Growth %	1%	-11.63%	2.01%	-2.12%	1.19%	3.57%	-0.54%	1.03%	-0.42%	-0.19%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	20.43%	20.54%	26.32%	27.22%	23.21%	15.77%	23.06%	19.57%	14.12%	16.07%
Return on Assets (ROA)	2.65%	2.28%	2.67%	3.04%	2.92%	2.06%	2.47%	1.92%	1.49%	1.82%
Net Interest Margin	4.44%	3.48%	4.03%	4.06%	3.74%	3.48%	3.35%	3.49%	2.9%	3.29%
Efficiency Ratio	37.8%	40.99%	33.57%	32.81%	31.27%	38.11%	32.39%	28.48%	22.01%	22.11%
Equity / Assets	13.34%	9.75%	10.48%	11.77%	13.28%	12.9%	9.34%	10.2%	10.89%	11.72%
Book Value / Share	3.79	4.54	5.6	6.89	8.76	9.49	11.25	13.6	14.95	16.47
NII Growth	-	28.67%	35.4%	12.16%	4.76%	8.44%	57.55%	14.82%	-15.16%	16.42%
Dividend Payout	16.04%	18.65%	16.93%	22.48%	23.18%	28.26%	19.11%	24.42%	35.26%	32.64%

Revenue by Segment

	2020	2021	2022	2023	2024
Other service charges, commissions and fees	-	14.44M	9.72M	5.66M	6.85M
Other service charges, commissions and fees Growth	-	-	-32.64%	-41.83%	21.05%
Deposit Account	1.31M	-	-	-	2.07M
Deposit Account Growth	-	-	-	-	-
Service charges on deposit account	-	1.7M	1.99M	1.92M	-
Service charges on deposit account Growth	-	-	17.39%	-3.67%	-
Other Service Charges Commissions And Fees	8.54M	-	-	-	-
Other Service Charges Commissions And Fees Growth	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

MetroCity Bankshares, Inc. (MCBS) has a price-to-earnings (P/E) ratio of 11.0x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

MetroCity Bankshares, Inc. (MCBS) grew revenue by 12.0% over the past year. This is steady growth.

Yes, MetroCity Bankshares, Inc. (MCBS) is profitable, generating $66.6M in net income for fiscal year 2024 (27.5% net margin).

Dividend & Returns

Yes, MetroCity Bankshares, Inc. (MCBS) pays a dividend with a yield of 2.97%. This makes it attractive for income-focused investors.

MetroCity Bankshares, Inc. (MCBS) has a return on equity (ROE) of 16.1%. This is reasonable for most industries.

Industry Metrics

MetroCity Bankshares, Inc. (MCBS) has a net interest margin (NIM) of 3.3%. This indicates healthy earnings from lending activities.

MetroCity Bankshares, Inc. (MCBS) has an efficiency ratio of 22.1%. This is excellent, indicating strong cost control.

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