MetroCity Bankshares, Inc. Income Statement

Income Statement Dec2017 Dec2018 Dec2019 Dec2020 Dec2021 Dec2022 Dec2023 Dec2024
Revenue & Cost
Provisions 3.06M1.24M-0.80M3.47M6.93M-2.77M-0.09M0.67M
Revenue 84.30M10.11M10.12M8.54M14.44M9.72M5.66M6.85M
Interest income
Interest income - Loans 59.11M70.25M79.34M75.87M107.85M142.81M181.88M200.77M
Interest income - Investments 5.44M9.29M10.40M10.30M11.83M15.35M21.29M21.16M
Interest Income - Fed Funds 0.21M0.46M0.58M0.31M0.01M0.07M0.18M0.30M
Interest Income - Total 60.51M72.88M83.21M77.61M108.74M147.22M192.83M212.91M
Interest expenses
Interest Expense - Deposits 7.73M14.01M21.95M10.92M3.95M23.56M80.61M80.06M
Interest Expense - Debt 0.89M0.66M0.29M0.57M0.62M4.05M10.74M14.71M
Interest Expenses 8.62M14.68M22.24M11.49M4.57M27.61M91.35M94.77M
Interest Income - Net 51.90M58.20M60.98M66.12M104.17M119.61M101.48M20.86M
Non-interest income
Interest Income - Total 48.84M56.97M60.98M62.65M97.24M122.38M101.49M117.63M
Service Charges 1.27M1.04M1.11M
Investment Banking Income 3.04M5.68M9.14M2.53M2.02M1.91M
Mortgage Banking 8.17M11.99M9.29M1.31M
Other Non-Interest Income -1.64M-2.07M-0.78M0.57M0.96M1.23M1.58M1.72M
Non-Interest Income 32.41M37.65M39.90M27.21M33.69M18.12M18.20M23.06M
Operating Items
Research & Development 0.80M0.84M1.03M1.08M1.10M1.09M1.23M1.29M
Wages, Salaries and Other 17.96M23.57M24.92M25.50M30.11M30.50M29.30M33.21M
Other Operating Expenses 30.39M37.77M38.97M40.02M47.21M48.18M46.50M52.09M
Operating Expenses 31.19M38.61M40.00M41.10M48.31M49.28M47.73M53.38M
Operating Income 17.52M11.78M12.78M10.24M17.35M19.16M15.10M18.34M
EBIT 17.52M11.78M12.78M10.24M17.35M19.16M15.10M18.34M
Non-operating items
Interest & Investment Income 1.19M2.17M3.29M1.43M0.89M4.33M10.77M11.84M
Non Operating Income 8.83M9.50M8.65M8.87M11.53M12.22M11.69M12.72M
Net income details
EBT 50.05M56.00M60.87M48.76M82.62M91.22M71.97M87.31M
Tax Provisions 18.29M14.67M16.15M14.32M23.99M31.57M20.36M22.81M
Profit After Tax 31.90M41.33M44.72M36.39M61.70M62.60M51.61M64.50M
Income from Continuing Operations 31.76M41.33M44.72M34.44M58.63M59.65M51.61M64.50M
Consolidated Net Income 31.76M41.33M44.72M34.44M58.63M59.65M51.61M64.50M
Income towards Parent Company 31.76M41.33M44.72M34.44M58.63M59.65M51.61M64.50M
Net Income towards Common Stockholders 31.76M41.33M44.72M34.44M58.63M59.65M51.61M64.50M
Additional items
EPS (Basic) 1.341.711.821.422.412.462.052.55
EPS (Weighted Average and Diluted) 1.321.691.811.412.392.442.022.52
Shares Outstanding (Weighted Average) 25.31M25.53M25.67M25.47M25.31M25.21M25.33M
Tax Rate 36.54%26.19%26.53%29.37%29.04%34.61%28.29%26.12%