Recap: MetroCity Bankshares Q4 Earnings

MetroCity Bankshares MCBS reported its Q4 earnings results on Tuesday, January 23, 2024 at 12:00 PM.

Here's what investors need to know about the announcement.

MetroCity Bankshares missed estimated earnings by 8.33%, reporting an EPS of $0.44 versus an estimate of $0.48.

Revenue was up $99 thousand from the same period last year.

Last quarter the company missed on EPS by $0.05 which was followed by a 0.76% drop in the share price the next day.

Here's a look at MetroCity Bankshares's past performance:

Quarter	Q3 2023	Q2 2023	Q1 2023	Q4 2022
EPS Estimate	0.50	0.50	0.50	0.59
EPS Actual	0.45	0.51	0.62	0.52
Revenue Estimate	29.20M	28.70M	30.30M	33.95M
Revenue Actual	27.06M	29.73M	32.25M	30.74M

** Listen to the earnings announcement yourself by clicking here. **

To track all earnings releases for MetroCity Bankshares visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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