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Jun 30, 2021
Metrocity Q2 2021 Earnings Report
Net income increased due to rise in net interest and noninterest income.
Key Takeaways
MetroCity Bankshares, Inc. reported a net income of $14.4 million, or $0.56 per diluted share, for the second quarter of 2021. This represents an increase compared to the previous quarter and the same quarter last year.
Annualized return on average assets was 2.53%.
Annualized return on average equity was 22.51%.
Efficiency ratio of 36.2%.
Total assets increased to $2.52 billion.
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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