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Dec 31, 2020
Metrocity Q4 2020 Earnings Report
Reported earnings for the fourth quarter and year ended 2020.
Key Takeaways
MetroCity Bankshares, Inc. reported a net income of $9.5 million, or $0.37 per diluted share, for the fourth quarter of 2020. Total assets increased by $156.3 million to $1.90 billion from the previous quarter, and total loans increased by $170.4 million to $1.63 billion from the previous quarter.
Annualized return on average assets was 2.14%.
Annualized return on average equity was 15.78%.
Efficiency ratio of 45.1%.
Net interest margin increased to 4.46%.
Forward Guidance
Management expects to be able to continue to assist the Company’s customers and communities during these difficult times, manage the economic risks and uncertainties associated with the COVID-19 pandemic and remain well capitalized.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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