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

MetroCity Bankshares

21/04/2023 16:46

* Metrocity Bankshares Inc  MCBS.OQ  reported quarterly
adjusted
earnings of 62 cents​​ per share for the quarter ended in March.
The mean expectation of two analysts for the quarter was
for earnings of 50 cents per share.
    * Revenue fell 15.8% to $32.25 million from a year ago;
analysts
expected $30.30 million. 
    * Metrocity Bankshares Inc's reported EPS for the quarter
was 62
cents​.
    * The mean earnings estimate of analysts had fallen by
about 7.9%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Metrocity Bankshares Inc shares had fallen by 5.0% this
quarter and lost 25.0% so far this year.
    * The company reported quarterly net income of $15.73
million.
    * Wall Street's median 12-month price target for Metrocity
Bankshares Inc is $19.25 
    * 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
April 21 at 03:45 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.50           0.62           Beat
 Dec. 31 2022      0.60           0.52           Missed
 Sep. 30 2022      0.67           0.66           Missed
 Jun. 30 2022      0.72           0.63           Missed