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Sep 30, 2022
Metrocity Q3 2022 Earnings Report
MetroCity reported net income of $16.9 million for the third quarter of 2022.
Key Takeaways
MetroCity Bankshares, Inc. reported a net income of $16.9 million, or $0.66 per diluted share, for Q3 2022, which remained consistent with the net income reported for Q3 2021.
Annualized return on average assets was 2.07%.
Annualized return on average equity was 20.56%.
Efficiency ratio of 36.4%.
Total assets increased to $3.35 billion.
Metrocity
Metrocity
Forward Guidance
This press release contains statements regarding future events and the company's expectations and beliefs about its future financial performance and financial condition, which constitute forward-looking statements.