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Mar 31, 2024
Metrocity Q1 2024 Earnings Report
Net income increased due to rise in net interest income and noninterest income, decrease in provision for credit losses and noninterest expense.
Key Takeaways
MetroCity Bankshares, Inc. reported a net income of $14.6 million, or $0.57 per diluted share, for the first quarter of 2024. This represents an increase compared to the previous quarter and a decrease compared to the same quarter last year.
Annualized return on average assets was 1.65%.
Annualized return on average equity was 15.41%.
Efficiency ratio was 37.9%.
Total assets increased to $3.65 billion.
Revenue by Segment
Forward Guidance
This document does not contain any forward guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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