Metrocity Bankshares Inc reports results for the quarter ended December 31 - Earnings Summary

MetroCity Bankshares

21/01/2025 15:10

* Metrocity Bankshares Inc  MCBS.OQ  reported quarterly
adjusted
earnings of 63 cents​​ per share for the quarter ended December
31, higher than the same quarter last year, when the company
reported EPS of 44 cents.  The lone analyst forecast for the
quarter was for earnings of 62 cents per share. 
    * Revenue rose 14.7% to $35.38 million from a year ago;
analysts
expected $35.30 million. 
    * Metrocity Bankshares Inc's reported EPS for the quarter
was 63
cents​.
    * The company reported quarterly net income of $16.24
million.
    * Metrocity Bankshares Inc shares had fallen by 0.7% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for Metrocity
Bankshares Inc is $36.00 
This summary was machine generated from LSEG data January 21 at
03:10 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.62           0.63           Beat
 Sep. 30 2024      0.64           0.65           Beat
 Jun. 30 2024      0.59           0.66           Beat
 Mar. 31 2024      0.53           0.57           Beat