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MCBSMetroCity Bankshares, Inc.
$35.69$1.0B
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  4. Financial Ratios

MetroCity Bankshares, Inc. (MCBS) Financial Ratios

Latest Ratios: P/E Ratio 13.5x · EV/EBITDA 12.9x · ROE 14.2%. (2013–2025 historical series)

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly

MCBS Valuation Multiples

Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Market Cap$1.0B$690M$817M$613M$556M$710M$372M$433M———
Enterprise Value$1.2B$860M$964M$806M$789M$788M$353M$238M———
P/E Ratio →13.5210.0512.6811.898.4811.5210.239.67———
P/S Ratio4.332.913.492.933.425.103.613.58———
P/B Ratio1.711.271.941.611.592.451.522.00———
P/FCF7.495.0413.147.944.2010.912.6213.92———
P/OCF7.495.0412.877.474.1310.852.6113.45———

P/E links to full P/E history page with 30-year chart

MCBS EV Ratios

Enterprise-value multiples — capital-structure-neutral measures of total business value

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
EV / Revenue—3.634.113.854.865.663.431.97———
EV / EBITDA12.879.2510.6810.808.309.226.823.75———
EV / EBIT12.879.2511.0411.208.659.537.233.91———
EV / FCF—6.2815.4910.455.9612.112.487.66———

MCBS Profitability

Margins and return-on-capital ratios measuring operating efficiency

Margins

Full margin charts and quarterly trend are on the Earnings History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Gross Margin62.0%62.0%59.4%56.4%84.7%91.7%85.5%81.6%85.1%87.4%91.8%
Operating Margin39.2%39.2%37.2%34.4%56.2%59.3%47.4%50.3%52.3%53.9%50.8%
Net Profit Margin29.0%29.0%27.5%24.6%38.6%44.3%35.3%37.0%38.6%34.3%31.7%

Return on Capital

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
ROE14.2%14.2%16.1%14.1%19.6%23.1%15.8%23.2%27.2%26.3%20.5%
ROA1.6%1.6%1.8%1.5%1.9%2.5%2.1%2.9%3.0%2.7%2.3%
ROIC7.4%7.4%8.6%7.4%8.9%10.6%11.1%19.6%19.4%15.6%14.9%
ROCE3.3%3.3%10.8%9.4%11.4%13.4%13.7%23.8%24.6%20.1%19.2%

MCBS Leverage & Debt

Solvency and debt-coverage ratios — lower is generally safer

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Debt / Equity0.990.990.910.881.101.760.500.350.030.931.06
Debt / EBITDA5.825.824.244.494.045.972.351.190.072.473.46
Net Debt / Equity—0.310.350.510.670.27-0.08-0.90-0.750.230.47
Net Debt / EBITDA1.831.831.622.592.450.91-0.37-3.06-2.210.611.52
Debt / FCF—1.242.362.511.761.20-0.14-6.27—0.21—
Interest Coverage1.031.030.920.793.3018.074.242.743.825.816.19

MCBS Liquidity & Efficiency

Short-term solvency ratios and asset-utilisation metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Current Ratio28.6428.640.100.060.070.210.110.220.120.120.11
Quick Ratio28.6428.640.100.060.070.210.110.220.120.120.11
Cash Ratio24.2324.230.090.050.060.190.090.210.100.090.07
Asset Turnover—0.050.070.060.050.040.050.070.070.070.06
Inventory Turnover———————————
Days Sales Outstanding———————————

MCBS Shareholder Yields

Earnings, FCF, buyback, and dividend yields — total returns to shareholders

Dividends

Full dividend history and growth charts are on the Dividend History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Dividend Yield2.7%——————————
Payout Ratio36.2%36.2%32.6%35.3%24.4%19.1%28.3%23.2%22.5%16.9%18.6%

Total Shareholder Return Metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Earnings Yield7.4%9.9%7.9%8.4%11.8%8.7%9.8%10.3%———
FCF Yield13.4%19.9%7.6%12.6%23.8%9.2%38.2%7.2%———
Buyback Yield0.3%——————————
Total Shareholder Yield2.9%——————————
Shares Outstanding—$26M$26M$26M$26M$26M$26M$25M$24M$24M$24M

Key Metrics

Growth RegimeContracting
ProfitabilityStrained
Balance SheetVulnerable
Cash FlowDeteriorating
Top Statement Risk

CRE and SBA concentration

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q1)

Market Valuation Reflects Heightened Uncertainty

Based on recent market data, MCBS trades at a P/B of 1.71, which appears elevated relative to peers like HOPE at 0.77, suggesting that investors may be mispricing the bank's franchise value despite the significant recent deterioration in core profitability and asset quality metrics.

The current valuation premium over peers implies an expectation of a rapid recovery in earnings power that may not be supported by the recent 2026Q1 financial results. Investors should monitor whether this multiple compresses as the market reconciles the bank's high-yield niche strategy with the reality of rising credit costs and potential capital constraints.

DuPont Decomposition Reveals Margin Fragility

As reported in financial statements, the bank's ROE has collapsed to 0.9% in 2026Q1 from a historical average near 4%, indicating that the institution's reliance on volatile SBA gain-on-sale income is failing to offset the rising cost of credit and compressed net interest margins.

The decomposition of profitability suggests that the bank's historical efficiency advantage is being eroded by the need for aggressive provisioning. Without a stabilization in non-interest income, the bank's ability to generate sustainable returns on equity appears severely compromised in the current high-rate environment.

Efficiency Gains Offset by Margin Compression

According to quarterly filings, the bank has maintained a disciplined efficiency ratio between 21% and 24%, yet this operational control is insufficient to counteract the persistent NIM compression, which has remained below 1% throughout the last ten quarters, limiting the bank's core earnings potential.

While management has successfully contained non-interest expenses, the inability to expand net interest margins suggests a structural challenge in funding costs or asset pricing. This indicates that the bank's niche focus may be reaching a point of diminishing returns where competitive pressures on deposit pricing outweigh the benefits of specialized lending.

Capital Buffer Strained by Provisions

Based on the latest balance sheet figures, the equity-to-assets ratio plummeted to 1.05 in 2026Q1, a significant departure from the 0.11 level maintained in previous periods, which warrants investigation into the bank's capacity to absorb further credit losses without diluting existing shareholders.

The rapid depletion of capital buffers suggests that the bank's current risk-weighted asset profile is under significant stress. Investors should monitor whether management will be forced to curtail lending or seek external capital to restore regulatory cushions to levels consistent with regional banking peers.

Misapplication of P/E Multiples in Banking

As indicated by the bank's volatile earnings history, the P/E ratio is a fundamentally flawed metric for MCBS, as it obscures the impact of lumpy SBA gain-on-sale income and massive, non-recurring credit provisions that distort the true underlying earnings power of the institution.

Analysts should prioritize P/TBV over P/E to better assess the bank's valuation, as the latter fails to account for the capital-intensive nature of the balance sheet and the cyclicality of the bank's fee-based revenue. Relying on P/E risks misinterpreting a temporary spike in provisions as a permanent decline in franchise value.

Download Financial Ratios Data

Includes 30+ ratios · 13 years · Updated daily

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MCBS — Frequently Asked Questions

Quick answers to the most common questions about buying MCBS stock.

What is MetroCity Bankshares, Inc.'s P/E ratio?

MetroCity Bankshares, Inc.'s current P/E ratio is 13.5x. The historical average is 10.6x. This places it at the 100th percentile of its historical range.

What is MetroCity Bankshares, Inc.'s EV/EBITDA?

MetroCity Bankshares, Inc.'s current EV/EBITDA is 12.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.4x.

What is MetroCity Bankshares, Inc.'s ROE?

MetroCity Bankshares, Inc.'s return on equity (ROE) is 14.2%. The historical average is 19.7%.

Is MCBS stock overvalued?

Based on historical data, MetroCity Bankshares, Inc. is trading at a P/E of 13.5x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.

What is MetroCity Bankshares, Inc.'s dividend yield?

MetroCity Bankshares, Inc.'s current dividend yield is 2.68% with a payout ratio of 36.2%.

What are MetroCity Bankshares, Inc.'s profit margins?

MetroCity Bankshares, Inc. has 62.0% gross margin and 39.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.

How much debt does MetroCity Bankshares, Inc. have?

MetroCity Bankshares, Inc.'s Debt/EBITDA ratio is 5.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.