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 19 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
Q2 2026———
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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