Welcome to our dedicated page for Metrocity Bankshares news (Ticker: MCBS), a resource for investors and traders seeking the latest updates and insights on Metrocity Bankshares stock.
MetroCity Bankshares Inc (MCBS) delivers essential banking services through Metro City Bank, serving businesses and consumers across regional markets. This news hub provides investors and stakeholders with authoritative updates on the company’s financial developments and strategic direction.
Access real-time press releases, earnings announcements, and regulatory filings in one centralized location. Our curated collection ensures you stay informed about critical updates including loan portfolio performance, interest income trends, and risk management initiatives without promotional bias.
Key content categories include quarterly earnings reports, leadership appointments, product launches, and compliance updates. All materials are sourced directly from official company communications to maintain accuracy and timeliness.
Bookmark this page for streamlined access to MetroCity Bankshares’ latest developments. Check regularly for updates that matter to your financial analysis and decision-making processes.
MetroCity Bankshares, Inc. (NASDAQ: MCBS) declared a quarterly cash dividend of $0.15 per share on April 20, 2022. This dividend will be payable on May 13, 2022 to shareholders recorded by May 4, 2022. The company, headquartered in Atlanta, operates 19 branches across various states, including Alabama, Florida, Georgia, New York, New Jersey, Texas, and Virginia, focusing on multi-ethnic communities. This dividend declaration reflects a commitment to returning value to shareholders.
MetroCity Bankshares, Inc. (NASDAQ: MCBS) reported a net income of $17.4 million for Q4 2021, a rise from $16.9 million in Q3 2021 and $9.5 million in Q4 2020. The annual net income for 2021 reached $61.7 million, up 69.5% from 2020. Total assets increased by $355.9 million (12.9%) to $3.11 billion in Q4 2021, with loans rising by 6.1% to $2.51 billion. The efficiency ratio improved to 33.7%. However, the annualized return on average assets declined to 2.33%.
On January 19, 2022, MetroCity Bankshares, Inc. (NASDAQ: MCBS) declared a quarterly cash dividend of $0.15 per share, payable on February 11, 2022. Shareholders on record as of February 2, 2022 will receive the dividend. The bank operates 19 branches across multi-ethnic communities in states including Alabama, Florida, and Texas, focusing on providing financial services.
MetroCity Bankshares, Inc. (NASDAQ: MCBS) reported a net income of $16.9 million, or $0.66 per diluted share, for Q3 2021, reflecting a 17.3% increase from Q2 2021. Year-to-date net income reached $44.3 million, up 64.4% compared to the same period in 2020. Significant growth was observed in total loans, which rose 12.9% to $2.36 billion, and total assets increased 9.2% to $2.75 billion. The efficiency ratio improved to 34.8% from 36.2% in the prior quarter, indicating enhanced operational efficiency.
MetroCity Bankshares, Inc. (NASDAQ: MCBS) has declared a quarterly cash dividend of $0.14 per share, payable on November 12, 2021. Shareholders on record as of November 3, 2021, will receive this dividend. The company operates 19 branches across various states, including Georgia, Texas, and New York, aiming to serve multi-ethnic communities. This announcement reflects the bank's commitment to returning value to its investors.
MetroCity Bankshares, Inc. (MCBS) reported Q2 2021 net income of $14.4 million, or $0.56 per diluted share, up from $13.0 million in Q1 2021 and $7.7 million in Q2 2020. Total assets rose 16.9% to $2.52 billion, while total loans increased 12.1% to $2.09 billion. Net interest margin remained stable at 4.60%. The annualized return on average assets was 2.53%, and return on average equity hit 22.51%. Noninterest income grew 5.0% from Q1, primarily due to higher mortgage fees.
MetroCity Bankshares, Inc. (NASDAQ: MCBS) declared a quarterly cash dividend of $0.12 per share on July 21, 2021. This dividend will be paid on August 12, 2021 to shareholders on record as of August 3, 2021. The bank operates 19 full-service branches across multiple states, including Alabama, Florida, Georgia, New York, New Jersey, Texas, and Virginia, serving diverse communities. This announcement reflects the bank's commitment to returning value to shareholders.
MetroCity Bankshares, Inc. (NASDAQ: MCBS) has announced a share repurchase program for the 2021 calendar year, allowing for the buyback of up to 1,000,000 shares of its common stock. The repurchases may occur through open market or private transactions at management's discretion, depending on market conditions and the Company's financial performance. The program aims to enhance shareholder value, with a completion deadline set for December 31, 2021. Funding will be sourced from cash on hand.
MetroCity Bankshares reported a net income of $13.0 million, or $0.50 per diluted share, for Q1 2021, up 37.3% from Q4 2020. Key metrics include an annualized return on average assets of 2.62% and return on equity of 21.35%. Total assets increased by 13.5% to $2.15 billion, driven by a 14.5% rise in loans to $1.87 billion and an 18.0% climb in deposits to $1.75 billion. The efficiency ratio improved to 36.0%.
MetroCity Bankshares, Inc. (NASDAQ: MCBS) has declared a quarterly cash dividend of $0.10 per share on its common stock. This dividend is set to be paid on May 13, 2021 to shareholders recorded as of May 4, 2021. The bank operates 19 branches across several states, including Alabama, Florida, and Texas, serving multi-ethnic communities. This dividend announcement reflects the company's commitment to returning value to its shareholders.
FAQ
What is the current stock price of Metrocity Bankshares (MCBS)?
What is the market cap of Metrocity Bankshares (MCBS)?
