Metrocity Bankshares Inc reports results for the quarter ended in June - Earnings Summary

MetroCity Bankshares

21/07/2023 15:41

* Metrocity Bankshares Inc  MCBS.OQ  reported quarterly
adjusted
earnings of 51 cents​​ per share for the quarter ended in June.
The mean expectation of two analysts for the quarter was
for earnings of 50 cents per share.
    * Revenue fell 14.7% to $29.73 million from a year ago;
analysts
expected $28.70 million. 
    * Metrocity Bankshares Inc's reported EPS for the quarter
was 51
cents​.
    * The mean earnings estimate of analysts had risen by
about 4.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Metrocity Bankshares Inc shares had risen by 11.9% this
quarter and lost 7.5% so far this year.
    * The company reported quarterly net income of $13.11
million.
    * Wall Street's median 12-month price target for Metrocity
Bankshares Inc is $19.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
21 at 02:41 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.50           0.51           Beat
 Mar. 31 2023      0.50           0.62           Beat
 Dec. 31 2022      0.60           0.52           Missed
 Sep. 30 2022      0.67           0.66           Missed