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MetroCity Bankshares Inc - MCBS STOCK NEWS

Welcome to our dedicated news page for MetroCity Bankshares (Ticker: MCBS), a resource for investors and traders seeking the latest updates and insights on MetroCity Bankshares.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect MetroCity Bankshares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of MetroCity Bankshares's position in the market.

Rhea-AI Summary
MetroCity Bankshares, Inc. (MCBS) declares a quarterly cash dividend of $0.20 per share on its common stock, payable on May 10, 2024. Shareholders of record as of May 1, 2024, will receive the dividend.
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End-of-Day
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dividends
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Rhea-AI Summary
MetroCity Bankshares, Inc. reported net income of $11.3 million for Q4 2023, with an annualized return on average assets of 1.29% and a 45.1% efficiency ratio. They also reported a decrease in net income for the year ended December 31, 2023, compared to 2022. Total assets increased by $75.6 million, and total loans increased by $134.4 million in Q4 2023. The net interest margin increased by 23 basis points to 3.17% from the previous quarter. Noninterest income increased by 77.3% in Q4 2023, and noninterest expense increased by 20.6%. The company's effective tax rate for Q4 2023 was 29.7%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.57%
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Rhea-AI Summary
MetroCity Bankshares, Inc. (NASDAQ: MCBS) declared a quarterly cash dividend of $0.20 per share on its common stock, payable on February 9, 2024 to shareholders of record as of January 31, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.32%
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dividends
Rhea-AI Summary
MetroCity Bankshares reports net income of $11.4 million for Q3 2023, a decrease from Q2 2023. Total assets increased by $35.9 million to $3.51 billion. Return on average assets and equity decreased compared to previous periods. Efficiency ratio increased. Noninterest income and expense decreased. Net interest income and margin decreased.
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End-of-Day
-0.76%
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Rhea-AI Summary
MetroCity Bankshares declares quarterly cash dividend
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End-of-Day
-1.57%
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dividends
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Rhea-AI Summary
MetroCity Bankshares announces new share repurchase program
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End-of-Day
0.91%
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buyback
Rhea-AI Summary
MetroCity Bankshares, Inc. reports Q2 2023 net income of $13.1 million, a decrease from Q1 2023. Total assets increased by $56.1 million to $3.48 billion. Annualized return on average assets was 1.55%. Efficiency ratio was 38.8%. Noninterest income decreased by 20.9% from Q1 2023.
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0.15%
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Rhea-AI Summary
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End-of-Day
1.63%
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dividends
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0.43%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.72%
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dividends
MetroCity Bankshares Inc

Nasdaq:MCBS

MCBS Rankings

MCBS Stock Data

573.93M
17.98M
27.89%
21.03%
0.7%
Commercial Banking
Finance and Insurance
Link
US
Atlanta