NASDAQ$MCBS
Metrocity Bankshares Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Net income decreased due to a decrease in noninterest income and an increase in provision for loan losses, partially offset by the decrease in noninterest expense while net interest income remained flat.
MetroCity Bankshares, Inc. reported a net income of $7.7 million, or $0.30 per diluted share, for the second quarter of 2020. Total loans increased by $103.4 million, and total deposits increased by $107.0 million from the previous quarter. The Company prioritized the health and safety of its employees and customers during the COVID-19 pandemic.
- Annualized return on average assets was 1.89%, compared to 2.44% for the first quarter of 2020.
- Annualized return on average equity was 13.92%, compared to 18.21% for the first quarter of 2020.
- Efficiency ratio of 45.6%, compared to 42.9% for the first quarter of 2020.
- Total loans increased by $103.4 million, or 8.2%, to $1.36 billion from the previous quarter.
Headline financials
Revenue & EPS history
Metrocity · Revenue · Quarterly
$21.3M
Revenue by segment
Metrocity · $20.6M total across 3 segments · Q4 2019
- Loans including fees$19.5M—94.5%
- Other investment income$1.02M—5.0%
- Federal funds sold$119K—0.6%
Forward guidance
Management expects to be able 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 adequately capitalized.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2020
+2.8%
Avg return
Earnings day
+2.7%
Avg return
5 days after
+3.9%
Avg return
30 days after
52%
17 / 33 earnings
Positive
+18.3%
Q1 2019
Best reaction
-7.0%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.6% | +1.2% | +3.3% | |
| Q4 2025 | +2.8% | +8.8% | +2.5% | |
| Q3 2025 | -2.7% | -2.1% | +1.9% | |
| Q2 2025 | -1.9% | -0.9% | +0.8% | |
| Q1 2025 | +2.1% | +1.3% | +0.4% | |
| Q4 2024 | -0.7% | -1.5% | -3.6% | |
| Q3 2024 | -7.0% | -5.8% | +4.6% | |
| Q2 2024 | +8.0% | +6.2% | -2.9% | |
| Q1 2024 | +7.2% | +7.4% | +14.1% | |
| Q4 2023 | -1.6% | -0.7% | -4.1% | |
| Q3 2023 | -1.7% | -0.6% | +9.5% | |
| Q2 2023 | +0.1% | +6.2% | -4.0% | |
| Q1 2023 | -0.7% | -2.0% | -1.2% | |
| Q4 2022 | -2.6% | -5.1% | -1.9% | |
| Q3 2022 | -0.6% | +0.9% | +3.5% | |
| Q2 2022 | -2.4% | -0.8% | +4.4% | |
| Q1 2022 | -2.5% | -6.6% | -10.9% | |
| Q4 2021 | +4.6% | +0.2% | -4.3% | |
| Q3 2021 | +3.3% | +4.5% | +24.5% | |
| Q2 2021 | +3.7% | +7.9% | +15.8% | |
| Q1 2021 | +5.9% | +5.5% | +14.5% | |
| Q4 2020 | +1.7% | -2.3% | +0.3% | |
| Q3 2020 | -2.5% | -4.2% | -0.8% | |
| Q2 2020 | -0.1% | +2.4% | +6.2% | |
| Q1 2019 | +18.3% | +15.1% | +55.5% | |
| Q1 2020 | +12.9% | +20.8% | +5.2% | |
| Q4 2017 | +15.5% | +10.9% | -1.2% | |
| Q2 2019 | +15.5% | +10.9% | -1.2% | |
| Q4 2018 | +15.5% | +10.9% | -1.2% | |
| Q4 2019 | -2.6% | -6.5% | -20.4% | |
| Q3 2018 | +0.0% | -0.4% | +15.1% | |
| Q3 2019 | +3.9% | +4.3% | +1.4% | |
| Q2 2018 | -0.4% | — | — | |
| Q1 2018 | — | — | — | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — | |
| Q4 2016 | — | — | — | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — | |
| Q4 2015 | — | — | — | |
| Q3 2015 | — | — | — | |
| Q2 2015 | — | — | — | |
| Q1 2015 | — | — | — |
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