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Jun 30, 2022
Metrocity Q2 2022 Earnings Report
Reported a decrease in net income compared to the previous quarter, but an increase compared to the same quarter last year.
Key Takeaways
MetroCity Bankshares, Inc. reported a net income of $16.1 million, or $0.63 per diluted share, for the second quarter of 2022. This compares to $19.4 million, or $0.76 per diluted share, for the first quarter of 2022, and $14.4 million, or $0.56 per diluted share, for the second quarter of 2021.
Annualized return on average assets was 2.16%.
Annualized return on average equity was 20.65%.
Efficiency ratio of 37.6%.
Total loans increased by $257.7 million, or 10.3%, to $2.77 billion from the previous quarter.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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