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.

Earnings

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.

Past Earnings Performance

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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Posted In: EarningsBZI-Recaps
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