| METROCITY BANKSHARES, INC. REPORTS EARNINGS FOR FIRST QUARTER 2025 |
ATLANTA , April 18, 2025 /PRNewswire/ -- MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ: MCBS), holding company for Metro City Bank (the "Bank"), today reported net income of $16.3 million, or $0.63 per diluted share, for the first quarter of 2025, compared to $16.2 million, or $0.63 per diluted share, for the fourth quarter of 2024, and $14.6 million, or $0.57 per diluted share, for the first quarter of 2024. First Quarter 2025 Highlights: Annualized return on average assets was 1.85%, compared to 1.82% for the fourth quarter of 2024 and 1.65% for the first quarter of 2024. |
prnewswire.com |
2025-04-18 15:35:00 |
Czytaj oryginał (ang.) |
| MetroCity Bankshares, Inc. Declares Quarterly Cash Dividend |
ATLANTA , April 16, 2025 /PRNewswire/ -- MetroCity Bankshares, Inc. (NASDAQ: MCBS) announced today that its board of directors declared a quarterly cash dividend of $0.23 per share on its common stock. The cash dividend is payable on May 9, 2025 to shareholders of record as of April 30, 2025. |
prnewswire.com |
2025-04-16 19:02:00 |
Czytaj oryginał (ang.) |
| MetroCity Bankshares and First IC Corporation Announce Strategic Combination |
DORAVILLE, Ga. , March 17, 2025 /PRNewswire/ -- MetroCity Bankshares, Inc. (NASDAQ: MCBS) ("MetroCity"), the holding company for Metro City Bank (the "Bank"), and First IC Corporation (OTCEM: FIEB) ("First IC"), the parent company of First IC Bank, both based in Doraville, GA, jointly announced today the signing of a definitive merger agreement for MetroCity to acquire First IC and First IC Bank, in a cash and stock transaction. |
prnewswire.com |
2025-03-17 10:00:00 |
Czytaj oryginał (ang.) |
| MetroCity Bankshares: Lackluster Valuation As Well As Earnings Outlook |
Stable interest rates will likely keep the net interest margin steady this year. There haven't been any significant improvements in Georgia's housing market lately, so I'm expecting MCBS's residential loan growth to remain low. I'm expecting the EPS to grow by just 3% year-over-year to $2.58 in 2025. |
seekingalpha.com |
2025-02-15 00:45:06 |
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| METROCITY BANKSHARES, INC. REPORTS EARNINGS FOR FOURTH QUARTER AND YEAR ENDED 2024 |
ATLANTA , Jan. 21, 2025 /PRNewswire/ -- MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ: MCBS), holding company for Metro City Bank (the "Bank"), today reported net income of $16.2 million, or $0.63 per diluted share, for the fourth quarter of 2024, compared to $16.7 million, or $0.65 per diluted share, for the third quarter of 2024, and $11.3 million, or $0.44 per diluted share, for the fourth quarter of 2023. For the year ended December 31, 2024, the Company reported net income of $64.5 million, or $2.52 per diluted share, compared to $51.6 million, or $2.02 per diluted share, for the same period in 2023. |
prnewswire.com |
2025-01-21 11:30:00 |
Czytaj oryginał (ang.) |
| MetroCity Bankshares, Inc. Declares Quarterly Cash Dividend |
ATLANTA , Jan. 15, 2025 /PRNewswire/ -- MetroCity Bankshares, Inc. (NASDAQ: MCBS) announced today that its board of directors declared a quarterly cash dividend of $0.23 per share on its common stock. The cash dividend is payable on February 7, 2025 to shareholders of record as of January 29, 2025. |
prnewswire.com |
2025-01-15 17:36:00 |
Czytaj oryginał (ang.) |
| METROCITY BANKSHARES, INC. REPORTS EARNINGS FOR THIRD QUARTER 2024 |
ATLANTA , Oct. 18, 2024 /PRNewswire/ -- MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ: MCBS), holding company for Metro City Bank (the "Bank"), today reported net income of $16.7 million, or $0.65 per diluted share, for the third quarter of 2024, compared to $16.9 million, or $0.66 per diluted share, for the second quarter of 2024, and $11.4 million, or $0.45 per diluted share, for the third quarter of 2023. For the nine months ended September 30, 2024, the Company reported net income of $48.3 million, or $1.89 per diluted share, compared to $40.3 million, or $1.58 per diluted share, for the same period in 2023. |
prnewswire.com |
2024-10-18 14:04:00 |
Czytaj oryginał (ang.) |
| MetroCity Bankshares, Inc. Declares Quarterly Cash Dividend and Announces the Continuation of its Share Repurchase Program |
ATLANTA , Oct. 16, 2024 /PRNewswire/ -- MetroCity Bankshares, Inc. (the "Company") (NASDAQ: MCBS) announced today that its board of directors declared a quarterly cash dividend of $0.23 per share on its common stock. The cash dividend is payable on November 8, 2024 to shareholders of record as of October 30, 2024. |
prnewswire.com |
2024-10-16 19:54:00 |
Czytaj oryginał (ang.) |
| METROCITY BANKSHARES, INC. REPORTS EARNINGS FOR SECOND QUARTER 2024 |
ATLANTA, July 19, 2024 /PRNewswire/ -- MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ: MCBS), holding company for Metro City Bank (the "Bank"), today reported net income of $16.9 million, or $0.66 per diluted share, for the second quarter of 2024, compared to $14.6 million, or $0.57 per diluted share, for the first quarter of 2024, and $13.1 million, or $0.51 per diluted share, for the second quarter of 2023. For the six months ended June 30, 2024, the Company reported net income of $31.6 million, or $1.24 per diluted share, compared to $28.8 million, or $1.13 per diluted share, for the same period in 2023. |
prnewswire.com |
2024-07-19 13:30:00 |
Czytaj oryginał (ang.) |
| MetroCity Bankshares, Inc. Declares Quarterly Cash Dividend |
ATLANTA , July 17, 2024 /PRNewswire/ -- MetroCity Bankshares, Inc. (NASDAQ: MCBS) announced today that its board of directors declared a quarterly cash dividend of $0.20 per share on its common stock. The cash dividend is payable on August 9, 2024 to shareholders of record as of July 31, 2024. |
prnewswire.com |
2024-07-17 19:00:00 |
Czytaj oryginał (ang.) |
| METROCITY BANKSHARES, INC. REPORTS EARNINGS FOR FIRST QUARTER 2024 |
ATLANTA , April 19, 2024 /PRNewswire/ -- MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ: MCBS), holding company for Metro City Bank (the "Bank"), today reported net income of $14.6 million, or $0.57 per diluted share, for the first quarter of 2024, compared to $11.3 million, or $0.44 per diluted share, for the fourth quarter of 2023, and $15.7 million, or $0.62 per diluted share, for the first quarter of 2023. First Quarter 2024 Highlights: Annualized return on average assets was 1.65%, compared to 1.29% for the fourth quarter of 2023 and 1.87% for the first quarter of 2023. |
prnewswire.com |
2024-04-19 13:00:00 |
Czytaj oryginał (ang.) |
| MetroCity Bankshares, Inc. Declares Quarterly Cash Dividend |
ATLANTA , April 17, 2024 /PRNewswire/ -- MetroCity Bankshares, Inc. (NASDAQ: MCBS) announced today that its board of directors declared a quarterly cash dividend of $0.20 per share on its common stock. The cash dividend is payable on May 10, 2024 to shareholders of record as of May 1, 2024. |
prnewswire.com |
2024-04-17 18:39:00 |
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| METROCITY BANKSHARES, INC. REPORTS EARNINGS FOR FOURTH QUARTER AND YEAR ENDED 2023 |
ATLANTA , Jan. 23, 2024 /PRNewswire/ -- MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ: MCBS), holding company for Metro City Bank (the "Bank"), today reported net income of $11.3 million, or $0.44 per diluted share, for the fourth quarter of 2023, compared to $11.4 million, or $0.45 per diluted share, for the third quarter of 2023, and $10.2 million, or $0.40 per diluted share, for the fourth quarter of 2022. For the year ended December 31, 2023, the Company reported net income of $51.6 million, or $2.02 per diluted share, compared to $62.6 million, or $2.44 per diluted share, for the year ended December 31, 2022. |
prnewswire.com |
2024-01-23 11:09:00 |
Czytaj oryginał (ang.) |
| MetroCity Bankshares, Inc. Declares Quarterly Cash Dividend |
ATLANTA , Jan. 17, 2024 /PRNewswire/ -- MetroCity Bankshares, Inc. (NASDAQ: MCBS) announced today that its board of directors declared a quarterly cash dividend of $0.20 per share on its common stock. The cash dividend is payable on February 9, 2024 to shareholders of record as of January 31, 2024. |
prnewswire.com |
2024-01-17 17:30:00 |
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| METROCITY BANKSHARES, INC. REPORTS EARNINGS FOR THIRD QUARTER 2023 |
ATLANTA , Oct. 20, 2023 /PRNewswire/ -- MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ: MCBS), holding company for Metro City Bank (the "Bank"), today reported net income of $11.4 million, or $0.45 per diluted share, for the third quarter of 2023, compared to $13.1 million, or $0.51 per diluted share, for the second quarter of 2023, and $16.9 million, or $0.66 per diluted share, for the third quarter of 2022. For the nine months ended September 30, 2023, the Company reported net income of $40.3 million, or $1.58 per diluted share, compared to $52.4 million, or $2.04 per diluted share, for the same period in 2022. |
prnewswire.com |
2023-10-20 14:00:00 |
Czytaj oryginał (ang.) |
| MetroCity Bankshares, Inc. Declares Quarterly Cash Dividend |
ATLANTA , Oct. 18, 2023 /PRNewswire/ -- MetroCity Bankshares, Inc. (NASDAQ: MCBS) announced today that its board of directors declared a quarterly cash dividend of $0.18 per share on its common stock. The cash dividend is payable on November 10, 2023 to shareholders of record as of November 1, 2023. |
prnewswire.com |
2023-10-18 19:31:00 |
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| MetroCity Bankshares, Inc. Announces New Share Repurchase Program |
ATLANTA, Sept. 5, 2023 /PRNewswire/ -- MetroCity Bankshares, Inc. (the "Company") (NASDAQ: MCBS), the holding company for Metro City Bank, announced today that on September 1, 2023, its board of directors adopted a new repurchase program authorizing the Company to repurchase up to 1,000,000 shares of the Company's outstanding shares of common stock. |
prnewswire.com |
2023-09-05 13:00:00 |
Czytaj oryginał (ang.) |
| METROCITY BANKSHARES, INC. REPORTS EARNINGS FOR SECOND QUARTER 2023 |
ATLANTA , July 21, 2023 /PRNewswire/ -- MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ: MCBS), holding company for Metro City Bank (the "Bank"), today reported net income of $13.1 million, or $0.51 per diluted share, for the second quarter of 2023, compared to $15.7 million, or $0.62 per diluted share, for the first quarter of 2023, and $16.1 million, or $0.63 per diluted share, for the second quarter of 2022. For the six months ended June 30, 2023, the Company reported net income of $28.8 million, or $1.13 per diluted share, compared to $35.5 million, or $1.38 per diluted share, for the same period in 2022. |
prnewswire.com |
2023-07-21 14:00:00 |
Czytaj oryginał (ang.) |
| MetroCity Bankshares, Inc. Declares Quarterly Cash Dividend |
ATLANTA , July 19, 2023 /PRNewswire/ -- MetroCity Bankshares, Inc. (NASDAQ: MCBS) announced today that its board of directors declared a quarterly cash dividend of $0.18 per share on its common stock. The cash dividend is payable on August 11, 2023 to shareholders of record as of August 3, 2023. |
prnewswire.com |
2023-07-19 17:19:00 |
Czytaj oryginał (ang.) |
| 7 Bank Stocks to Buy on the Dip |
As trends for banking are favorable, given the rising interest rate environment, consider these seven bank stocks to buy on the dip. The post 7 Bank Stocks to Buy on the Dip appeared first on InvestorPlace. |
investorplace.com |
2022-07-12 15:04:07 |
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| ATCC Awarded Two Contracts from Gennova Biopharmaceuticals for the Continued Development of Cell Banks to Help Diagnose and Prevent Leishmaniasis |
MANASSAS, Va.--(BUSINESS WIRE)--ATCC, the world’s premier biological materials management, and standards organization, today announced that it has been awarded two contracts from Gennova Biopharmaceuticals Limited, on behalf of the U.S. Food and Drug Administration (FDA), to continue its work with the biotechnology company on a diagnostic test and vaccine for Leishmaniasis, a vector-borne, global protozoan endemic disease. ATCC will use its recognized expertise in providing critical gold standard reagents to develop Master Cell Banks (MCBs) and Working Cell Banks (WCBs) for the production of a Leishmania donovani diagnostic test and an attenuated Leishmania major vaccine. “ATCC has been an authority on biomaterials management and in vitro model development for almost 100 years to the academic, government, and commercial science communities,” said Raymond H. Cypess, D.V.M., Ph.D., chairman and CEO of ATCC. “Our cGMP-compliant biorepository facilities, custom development services, and strict manufacturing processes allow us to apply our expertise in protozoology and microbiology to effectively support Gennova in their efforts to produce a novel vaccine for this devastating disease that affects some of the poorest people throughout the world.” Leishmaniasis is an infectious disease caused by several Leishmania species, which are transmitted to humans through the bites of certain species of infected sand flies, including Leishmania major and Leishmania donovani. There are three main forms of leishmaniasis in people: cutaneous (CL) which may cause skin sores, mucocutaneous found in the mucous membranes of the nose, mouth, and throat, and visceral (VL) which affects internal organs such as the spleen, liver, and bone marrow. Symptoms range from mild to severe to life-threatening in VL. The Leishmania antigen (leishmanin), which has been used in the Leishmanin Skin Test (LST) to diagnose the disease for decades, is no longer produced under good manufacturing practice (GMP) conditions anywhere in the world. Similarly, vaccination through leishmanization with live Leishmania major was used successfully in the past but is no longer practiced because it resulted in occasional skin lesions. As a result, an attenuated strain of Leishmania major that does not cause skin lesions and induces protection against Leishmania infection was developed. The attenuated Leishmania major and Leishmania donovani will be produced over a 12-month period of performance. Additionally, ATCC will offer cGMP storage of the MCB and safety stock vials at its facility for one year. “ATCC is proud to collaborate with the FDA, Gennova, Ohio State University, and McGill University’s continuing efforts to develop a modern-day diagnostic skin test, as well as grow, characterize, and store a developmental vaccine strain of Leishmania major,” said Joseph Leonelli, Ph.D., senior vice president of ATCC Federal Solutions. “We remain committed to the global scientific community to support discoveries that can combat world health issues such as Leishmaniasis and benefit humanity.” About ATCC ATCC is a premier global biological materials and information resource and standards organization. It is the leading developer and supplier of authenticated cell lines, microorganisms, and associated data for academia, industry, and government. With a history of scientific contributions spanning nearly a century, ATCC offers an unmatched combination of being the world’s largest and most diverse collection of biological reference materials and data and is a mission-driven, trusted partner that supports and encourages scientific collaboration. ATCC products, services, partnerships, and people provide the global scientific community with credible, advanced model systems to support complex research and innovations in basic science, drug discovery, translational medicine, and public health. ATCC is a 501(c)3 nonprofit organization with headquarters in Manassas, Virginia, and a research and technology center of excellence in Gaithersburg, Maryland. To learn more, visit atcc.org. |
businesswire.com |
2022-06-13 12:00:00 |
Czytaj oryginał (ang.) |
| MetroCity (MCBS) to Report Q3 Results: Wall Street Expects Earnings Growth |
MetroCity (MCBS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. |
zacks.com |
2021-10-15 20:28:33 |
Czytaj oryginał (ang.) |
| Worldwide Electric Fuse Industry to 2026 - Upgrading of Feeder Line Protection and Existing Substations Presents Opportunities - ResearchAndMarkets.com |
DUBLIN--(BUSINESS WIRE)--The "Electric Fuse Market Research Report by Industry, by End User, by Voltage, by Region - Global Forecast to 2026 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering. The Global Electric Fuse Market size was estimated at USD 3,265.78 Million in 2020 and expected to reach USD 3,518.89 Million in 2021, at a Compound Annual Growth Rate (CAGR) 8.08% to reach USD 5,207.98 Million by 2026. Competitive Strategic Window The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period. FPNV Positioning Matrix: The FPNV Positioning Matrix evaluates and categorizes the vendors in the Electric Fuse Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape. Market Share Analysis: The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits. The report provides insights on the following pointers: 1. Market Penetration: Provides comprehensive information on the market offered by the key players 2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets 3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments 4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players 5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments The report answers questions such as: 1. What is the market size and forecast of the Global Electric Fuse Market? 2. What are the inhibiting factors and impact of COVID-19 shaping the Global Electric Fuse Market during the forecast period? 3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Electric Fuse Market? 4. What is the competitive strategic window for opportunities in the Global Electric Fuse Market? 5. What are the technology trends and regulatory frameworks in the Global Electric Fuse Market? 6. What is the market share of the leading vendors in the Global Electric Fuse Market? 7. What modes and strategic moves are considered suitable for entering the Global Electric Fuse Market? Market Dynamics Drivers Increasing safety awareness related to short circuits and damage due to power fluctuations Increasing investments in renewable and energy storage Increasing investments in T&D infrastructure plans Reinforcement of investments in the construction sector Restraints Presence of substitutes such as MCBS, MCCBS, and relays in the market Growing investments in smart grid vision Opportunities Upgrading of feeder line protection and existing substations Performance-based incentive schemes and definite service programs Challenges Adjournments in grid expansion projects Companies Mentioned ABB Ltd. AVX Corporation Bel Fuse Inc. Eaton Corporation PLC Fujifilm Holdings Corporation G&W Electric Co. General Electric Company Hubbell Incorporated Larsen & Toubro Limited Legrand SA Littelfuse, Inc Mersen Mitsubishi Motors Corporation Pacific Engineering Corporation Panasonic Corporation S&C Electric Company Schneider Electric SE Schurter Holding AG Siemens AG TE Connectivity For more information about this report visit https://www.researchandmarkets.com/r/m697w7 |
businesswire.com |
2021-09-10 09:53:00 |
Czytaj oryginał (ang.) |
| Is MetroCity (MCBS) Stock a Solid Choice Right Now? |
MetroCity (MCBS) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well. |
zacks.com |
2021-09-09 16:39:18 |
Czytaj oryginał (ang.) |
| MetroCity Bankshares: A Bank With Sustainable Competitive Advantages |
MetroCity Bankshares: A Bank With Sustainable Competitive Advantages |
seekingalpha.com |
2021-07-30 02:13:56 |
Czytaj oryginał (ang.) |
| MetroCity (MCBS) Q2 Earnings and Revenues Surpass Estimates |
MetroCity (MCBS) delivered earnings and revenue surprises of 1.82% and 8.15%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock? |
zacks.com |
2021-07-23 15:30:17 |
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