MetroCity Bankshares, Inc. MCBS
MetroCity Bankshares, Inc. (the "Company"), a bank holding company incorporated in 2014 and headquartered in the Atlanta metropolitan area. We primarily operate through our wholly-owned banking subsidiary, Metro City Bank, a Georgia state-chartered commercial bank that was founded in 2006 (the "Bank"). We currently operate 29 full-service branch locations in multi-ethnic communities in Alabama, California, Florida, Georgia, New York, New Jersey, Texas and Virginia. As of December 31, 2025, we had total assets of $4.77 billion, total loans held for investment of $4.08 billion, total deposits of $3.65 billion and total shareholders' equity of $544.2 million.
We are a full-service commercial bank focused on delivering personalized service in an efficient and reliable manner to the small-to medium-sized businesses and individuals in our markets, including many customers in diverse and multi-ethnic communities in growing metropolitan markets in the Eastern U.S., Texas and California. We offer a suite of loan and deposit products tailored to meet the needs of the businesses of our customers. Through our diverse and experienced management team and talented employees, we are able to speak the language of our customers and provide them with services and products in a culturally competent manner.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Interest expense | $130.4M | $118.1M | $101.5M | $119.6M | $4.6M | $11.5M | $22.2M | $14.7M | $8.6M | — |
| Pre-tax income | $92.7M | $87.3M | $72.0M | $91.2M | $82.6M | $48.8M | $60.9M | $56.0M | $50.0M | — |
| Income tax | $24.2M | $22.8M | $20.4M | $28.6M | $20.9M | $12.4M | $16.1M | $14.7M | $18.2M | — |
| Net income | $68.5M | $64.5M | $51.6M | $62.6M | $61.7M | $36.4M | $44.7M | $41.3M | $31.9M | — |
| EPS, basic | 2.66 | 2.55 | 2.05 | 2.46 | 2.41 | 1.42 | 1.82 | 1.71 | 1.34 | — |
| EPS, diluted | 2.64 | 2.52 | 2.02 | 2.44 | 2.39 | 1.41 | 1.81 | 1.69 | 1.32 | — |
| Shares, diluted (wtd. avg.) | $26.0M | $25.6M | $25.5M | $25.7M | $25.8M | $25.8M | $24.7M | $24.5M | $24.1M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $383.7M | $249.9M | $144.8M | $179.5M | $441.3M | $150.7M | $276.4M | $138.4M | $95.8M | $66.6M |
| Property, plant and equipment | $29.9M | $18.3M | $18.1M | $14.3M | $13.1M | $13.9M | $14.5M | $14.4M | — | — |
| Goodwill | $56.0M | — | — | — | — | — | — | — | — | — |
| Other intangibles | $12.6M | — | — | — | — | — | — | — | — | — |
| Total assets | $4.77B | $3.59B | $3.50B | $3.43B | $3.11B | $1.90B | $1.63B | $1.43B | — | — |
| Total liabilities | $4.22B | $3.17B | $3.12B | $3.08B | $2.82B | $1.65B | $1.42B | $1.26B | — | — |
| Retained earnings | $402.7M | $358.7M | $315.4M | $285.8M | $238.6M | $188.7M | $162.6M | $128.6M | — | — |
| Total equity | $544.2M | $421.4M | $381.5M | $349.4M | $290.2M | $244.8M | $216.7M | $168.6M | $135.1M | $107.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $37.7M | $63.5M | $82.1M | $134.7M | $65.4M | $142.6M | $32.2M | -$161.0M | $151.8M | — |
| Depreciation and amortisation | $3.5M | $3.0M | $2.7M | $3.9M | $2.8M | $2.9M | $2.7M | $899.0K | $593.0K | — |
| Capital expenditure | $674.0K | $1.3M | $4.9M | $2.4M | $384.0K | $537.0K | $1.1M | $2.9M | $5.9M | — |
| Investing cash flow | $126.8M | $5.9M | -$110.3M | -$651.8M | -$930.6M | -$477.9M | -$18.3M | $109.4M | -$277.9M | — |
| Financing cash flow | -$30.7M | $35.7M | -$6.5M | $255.3M | $1.16B | $209.6M | $124.1M | $94.2M | $155.4M | — |
| Dividends paid | $24.8M | $21.1M | $18.2M | $15.3M | $11.8M | $10.3M | $10.4M | $9.3M | $5.4M | — |
| Buybacks | $2.7M | $10.0K | $2.0M | $8.2M | $5.5M | — | $1.5M | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-045475.
Others in SIC 6022
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $111.84B | 22.3x | 7.8% |
| STT | STATE STREET CORP | $53.36B | 20.7x | 7.3% |
| FITB | FIFTH THIRD BANCORP | $49.76B | 15.5x | -5.0% |
| MTB | M&T BANK CORP | $34.64B | 14.1x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $34.15B | 21.4x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $29.81B | 18.3x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $25.48B | 13.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.92B | 13.7x | 2.4% |