MetroCity Bankshares: Q1 Earnings Insights

MetroCity Bankshares MCBS reported its Q1 earnings results on Friday, April 22, 2022 at 09:00 AM.

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

MetroCity Bankshares beat estimated earnings by 10.14%, reporting an EPS of $0.76 versus an estimate of $0.69.

Revenue was up $8.59 million from the same period last year.

Last quarter the company beat on EPS by $0.02 which was followed by a 0.65% increase in the share price the next day.

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

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.66	0.61	0.53	0.41
EPS Actual	0.68	0.66	0.56	0.50
Revenue Estimate	36.85M	34.77M	30.27M	26.37M
Revenue Actual	37.11M	37.72M	33.42M	29.72M

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.