NASDAQ$MCBS

Metrocity Bankshares Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

MetroCity reported net income of $16.9 million for the third quarter of 2022.

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.

Headline financials

Total Revenue

$34.9M

Previous: $37.7M-7.5%
EPS (adj)

$0.66

Previous: $0.66+0.0%
Efficiency Ratio

36.4%

Previous: 34.8%+4.6%
Capital Expenditures

-$1.43M

Previous: -$333K-329.1%
Free Cash Flow

$15.5M

Previous: $16.5M-6.6%
Net Income

$16.9M

Previous: $16.9M+0.1%
Operating Income

$26.6M

Previous: $30.8M-13.5%
Gross Profit

$33.2M

Previous: $35.1M-5.6%
Cash & Equivalents

$180M

Previous: $253M-29.0%
Total Assets

$3.35B

Previous: $2.75B+21.8%

Revenue & EPS history

Metrocity · Revenue · Quarterly

$34.9M

Q3 2022-7.5%vs Q3 2021
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Revenue by segment

Metrocity · $20.6M total across 3 segments · Q4 2019

  • Loans including fees
    $19.5M
  • Other investment income
    $1.02M
  • Federal funds sold
    $119K

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.

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 Q3 2022

Historical avgQ3 2022

+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

Earnings price reactions
QuarterReport dateReaction (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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro