MCBS

MetroCity Bankshares, Inc.

$27.93

0.85

(3.14%)

Exchange:	NASDAQ
Market Cap:	709.464M
Shares Outstanding:	20.424M

Overview

Earnings

Financials

Valuation

Chart

About The Company

MetroCity Bankshares, Inc. operates as the bank holding company for Metro City Bank that provides banking products and services in the United States. It provides consumer and commercial checking accounts, savings accounts, certificates of deposits, money transfers, and other banking services. The company also offers construction and development, commercial real estate, commercial and industrial, single family residential mortgage, small business administration, and other consumer loans; and online banking, treasury management, wire transfer, automated clearing house, and cash management services. It serves small to medium-sized businesses, individuals, businesses, municipalities, and other entities. The company operates 19 full-service branch locations in Alabama, Florida, Georgia, New York, New Jersey, Texas, and Virginia. The company was founded in 2006 and is headquartered in Doraville, Georgia.

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Revenue Segmentation

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EPS

View full analyst estimates

Earnings Call

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Income Statement

Balance Sheet

Cash Flow Statement

Analyst Estimates

Income Statement

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Revenue	44,048.515	58,574.399	84,300.011	92,310	100,868	93,331	137,972	4,138	119,698	212,913
? Cost Of Revenue	0	0	0	-3,503	0	0	0	0	0	0
? Gross Profit	44,048.515	58,574.399	84,300.011	95,813	100,868	93,331	137,972	4,138	119,698	212,913
? Research And Development Expenses	0	0	0	0	0	0	0	0	0	0
? General And Administrative Expenses	10,275.174	15,938.577	19,228.109	25,917	24,923	25,500	30,112	30,502	31,504	35,567
? Selling And Marketing Expenses	481.983	573.070	634.265	613	649	566	541	606	614	634
? Operating Expenses	-14,422.380	-20,920.674	-25,631.095	-25,137	-40,000	-44,567	-55,353	606	47,726	634
? Net Interest Income	0	0	0	0	0	0	0	0	0	118,146
? Interest Income	33,369.935	43,565.646	60,514.179	72,879	83,213	77,609	108,741	147,220	192,827	212,913
? Interest Expense	3,582.870	5,238.169	8,619.613	14,675	22,238	11,489	4,572	27,609	91,348	94,767
? Depreciation And Amortization	603.162	512.005	531	848	1,000	1,100	1,200	1,200	0	2,960
? EBITDA	-329.095	-285.844	50,757	56,849	61,868	0	85,489	163	0	0
? EBIT										-2,960
? Operating Income	29,626.135	37,653.725	58,668.916	70,676	60,868	48,764	82,619	118,826	71,972	212,279
? Income Before Tax	26,043.265	32,415.556	50,049.303	56,001	60,868	48,764	82,619	91,217	71,972	87,314
? Income Tax Expense	9,430.590	12,199.595	18,152.558	14,667	16,150	12,370	20,918	25,624	20,359	22,810
? Net Income From Continuing Operations										64,504
? Net Income	16,612.675	20,215.961	31,896.745	41,334	44,718	36,394	61,701	62,602	51,613	64,504
? EPS (Earnings Per Share)	0.700	0.860	1.340	1.710	1.820	1.420	2.410	2.460	2.050	2.510
? EPS Diluted	0.700	0.860	1.320	1.690	1.810	1.410	2.390	2.440	2.020	2.510
? Weighted Average Shares Outstanding	22,973.607	23,642.510	23,858.696	24,184.790	24,533.180	25,613.881	25,572.005	25,409.654	25,205.489	25,693.846
? Weighted Average Shares Outstanding Diluted	23,642.510	23,642.510	24,139.006	24,475.698	24,729.535	25,798.549	25,788.781	25,688.696	25,518.516	25,674.858
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Balance Sheet

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Cash And Cash Equivalents	40,318.248	63,798.928	94,370.515	130,263	270,496	140,744	432,523	150,964	142,152	236,338
? Short Term Investments	30,077.308	27,904.222	21,050.759	18,888	15,695	18,117	25,733	19,245	18,493	17,391
? Cash And Short Term Investments	70,395.556	91,703.150	115,421.274	149,151	286,191	158,861	458,256	170,209	144,805	253,729
? Net Receivables	2,120.145	3,768.238	4,756.265	4,957	5,101	9,320	11,052	13,171	15,125	15,858
? Accounts Receivables										15,858
? Inventory	0	0	0	0	-296,937	-165,203	-456,011	-196,984	0	0
? Total Current Assets	636,950.015	1,064,858.103	1,248,649.092	1,384,437	291,292	168,181	469,308	183,380	159,930	269,587
? Property Plant Equipment Net	4,287.301	7,291.260	12,384.217	14,391	26,417	24,202	22,406	22,720	26,604	26,126
? Goodwill	0	0	0	0	0	0	0	0	0	0
? Intangible Assets	65.523	9.375	6,843.381	14,934	18,068	12,991	7,747	3,973	1,273	1,409
? Long Term Investments	30,077.308	27,904.222	21,050.759	18,888	15,695	18,117	37,119	29,545	28,828	0
? Total Non Current Assets	34,430.132	35,204.857	40,278.357	48,213	60,180	55,310	67,272	56,238	56,705	26,126
? Total Assets	671,380.147	1,100,062.960	1,288,927.449	1,432,650	1,631,858	1,896,138	3,106,158	3,426,557	3,502,823	3,594,045
? Account Payables	197.727	355.747	401	1,251	890	222	204	2,739	4,133	3,498
? Short Term Debt	0	0	0	0	0	30,000	0	0	1,810	0
? Deferred Revenue	0	0	0	0	-1,139.999	0	-1,189	1,587	0	0
? Total Current Liabilities	197.727	355.747	400.560	1,251	890	30,222	204	2,739	4,133	3,498
? Long Term Debt	15,451.160	114,041.561	125,039	4,257	75,605	91,393	510,320	384,277	331,841	375,000
? Deferred Revenue Non Current	0	0	0	0	0	0	0	0	0	0
? Deferred Tax Liabilities Non Current	0	0	0	0	0	0	0	0	0	0
? Total Non Current Liabilities	15,451.160	114,041.561	125,039.147	4,257	75,605	121,393	510,320	2,739	3,117,173	382,940
? Total Liabilities	581,820.183	992,801.986	1,153,811.961	1,264,042	1,415,134	1,651,307	2,815,935	3,074,145	3,121,306	3,172,692
? Treasury Stock										0
? Preferred Stock	0	0	0	0	0	0	0	0	0	0
? Common Stock	114.868	118.213	120.375	121	255	257	255	252	252	254
? Retained Earnings	53,620.954	70,067.590	96,525.493	128,555	162,616	188,705	238,577	288,823	315,356	358,704
? Additional Paid In Capital										0
? Total Stockholders Equity	89,559.964	107,260.974	135,115.488	168,608	216,724	244,831	290,223	352,412	381,517	421,353
? Total Equity	89,559.964	107,260.974	135,115.488	168,608	216,724	244,831	290,223	352,412	381,517	421,353
? Minority Interest	0	0	0	0	0	0	0	0	0	0
? Total Liabilities And Total Equity	671,380.147	1,100,062.960	1,288,927.449	1,432,650	1,631,858	1,896,138	3,106,158	3,426,557	3,502,823	3,594,045
? Total Investments	60,154.616	55,808.444	42,101.518	37,776	31,390	36,234	62,852	48,790	47,321	17,391
? Total Debt	15,451.160	114,041.561	125,039.147	4,257	75,605	121,393	510,320	384,277	333,651	382,940
? Net Debt	-24,867.088	50,242.633	30,668.632	-126,006	-194,891	-19,351	77,797	233,313	191,499	146,602
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Cash Flow Statement

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Net Income	16,612.675	20,215.961	31,896.745	41,334	44,718	36,394	61,701	62,602	51,613	64,504
? Depreciation And Amortization	603.162	582.874	592.997	899	2,718	2,929	2,809	3,875	2,687	0
? Deferred Income Tax	661.687	752.750	41.537	355	1,088	-1,950	-3,074	-2,956	1,010	350
? Stock Based Compensation	385.467	510.846	717.890	1,499	1,526	1,822	1,427	1,931	2,421	0
? Change In Working Capital	-288.039	987.097	-11,682.313	1,518	11,077	14,061	-4,581	-24,007	24,725	0
? Accounts Receivables	-337.058	-1,648.093	-988.027	-201	-144	-5,570	-381	-2,119	0	0
? Inventory	587.680	3,020.354	-10,229.225	1,347	12,052	20,886	-3,051	0	0	0
? Accounts Payables	13.397	158.020	44.813	850	-361	-668	-18	2,535	1,394	-635
? Net Cash Provided By Operating Activities	16,740.904	-140,543.174	151,812.101	-160,919	32,199	142,558	65,433	134,694	82,099	63,501
? Investments In Property Plant And Equipment	-3,187.761	-3,459.816	-5,912.438	-2,855	-1,098	-537	-384	-2,354	-4,931	-1,286
? Acquisitions Net	0	0	-276,783.486	0	0	-459,275	-875,706	0	0	0
? Purchases Of Investments	0	-1,222.456	-1,249.711	0	0	-5,952	-22,244	0	0	0
? Sales Maturities Of Investments	7,850.602	2,104.606	8,040.041	2,075	3,304	3,746	2,851	2,886	1,272	640
? Net Cash Provided By Investing Activities	0	0	0	0	0	0	0	0	0	5,868
? Net Debt Issuance	0	0	0	0	0	0	0	0	0	50,000
? Long Term Net Debt Issuance	0	0	0	0	0	0	0	0	0	50,000
? Short Term Net Debt Issuance	0	0	0	0	0	0	0	0	0	0
? Net Stock Issuance	0	0	0	0	0	0	0	0	0	-10
? Net Dividends Paid	-2,664.656	-3,769.325	-5,400.739	-9,291	-10,367	-10,285	-11,792	-15,290	-18,200	-21,051
? Common Dividends Paid										-21,051
? Preferred Dividends Paid	0	0	0	0	0	0	0	0	0	0
? Net Cash Provided By Financing Activities	71,323.120	403,579.987	155,398.759	94,175	124,076	209,581	1,155,771	255,266	-6,514	35,701
? Effect Of Forex Changes On Cash	0	0	0	0	0	0	0	0	0	0
? Net Change In Cash	9,197.101	23,480.680	30,571.587	42,594	137,986	-125,725	290,653	-261,856	-34,680	105,070
? Cash At End Of Period	40,318.248	63,798.928	94,370.515	138,427	276,413	150,688	441,341	179,485	144,805	249,875
? Cash At Beginning Of Period	31,121.147	40,318.248	63,798.928	95,833	138,427	276,413	150,688	441,341	179,485	144,805
? Operating Cash Flow	16,740.904	-140,543.174	151,812.101	-160,919	32,199	142,558	65,433	134,694	82,099	63,501
? Capital Expenditure	-3,187.761	-3,459.816	-5,912.438	-2,855	-1,098	-537	-384	-2,354	-4,931	-1,286
? Free Cash Flow	13,553.143	-144,002.990	145,899.663	-163,774	31,101	142,021	65,049	132,340	77,168	62,215
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Analyst Estimates

(* All numbers are in thousands)

Fiscal Year	2019	2020	2021	2022	2023	2024	2025	2026
Estimated Revenue (Low)	103,100	91,900	137,050	142,850	117,804.230	141,400	146,500	157,900
Estimated Revenue (High)	103,100	91,900	137,050	142,850	122,895.769	141,400	146,500	157,900
Estimated Revenue (Avg)	103,100	91,900	137,050	142,850	120,350	141,400	146,500	157,900
Estimated Ebitda (Low)	64,839.057	45,967.051	65,276.806	83,743.963	95,502.022	35,982.292	37,280.098	40,181.075
Estimated Ebitda (High)	64,839.057	68,950.578	97,915.209	125,615.947	143,253.038	35,982.292	37,280.098	40,181.075
Estimated Ebitda (Avg)	64,839.057	57,458.815	81,596.008	104,679.955	119,377.531	35,982.292	37,280.098	40,181.075
Estimated Net Income (Low)	47,039.047	26,391.290	45,098.386	56,957.868	41,290.400	64,051.477	65,327.403	70,431.106
Estimated Net Income (High)	47,039.047	39,586.936	67,647.579	85,436.801	61,935.599	64,051.477	65,327.403	70,431.106
Estimated Net Income (Avg)	47,039.047	32,989.113	56,372.983	71,197.335	51,613	64,051.477	65,327.403	70,431.106
Estimated SGA Expense (Low)	173,719.588	21,233.972	23,115.429	19,810.547	22,699.519	241,537.781	250,249.539	269,722.882
Estimated SGA Expense (High)	173,719.588	31,850.959	34,673.144	29,715.818	34,049.276	241,537.781	250,249.539	269,722.882
Estimated SGA Expense (Avg)	173,719.588	26,542.466	28,894.287	24,763.183	28,374.398	241,537.781	250,249.539	269,722.882
Estimated EPS (Avg)	1.840	1.350	2.330	2.660	2.060	2.510	2.560	2.760
Estimated EPS (High)	1.840	1.350	2.330	2.660	2.120	2.510	2.560	2.760
Estimated EPS (Low)	1.840	1.350	2.330	2.660	2.010	2.510	2.560	2.760
Number of Analysts (Estimated Revenue)	1	1	1	1	1	1	1	1
Number of Analysts (Estimated EPS)	1	1	1	1	1	1	1	1

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Current Key Metrics

?	Revenue (TTM) :	235.941M	?	P/S (TTM) :	2.93
?	Net Income (TTM) :	64.504M	?	P/E (TTM) :	10.4
?	Enterprise Value (TTM) :	848.518M	?	EV/FCF (TTM) :	22.36
?	Dividend Yield (TTM) :	0.03	?	Payout Ratio (TTM) :	0.33
?	ROE (TTM) :	0.16	?	ROIC (TTM) :	0.07
?	Net Debt (TTM) :	146.602M	?	Debt/Equity (TTM) :	1.01
?	P/B (TTM) :	1.61	?	Current Ratio (TTM) :	0.11

Forward P/E Ratios

?

Forward P/E calculated based on:

Forward P/E 1Y	Forward P/E 2Y	Forward P/E 3Y	Forward P/E 4Y	Forward P/E 5Y
14.72	20.06	11.62	10.18	13.15

SWOT Analysis

No SWOT analysis available for this stock.

MCBS

3.14

4.33

1.27

2.68

-13.26

11.81

100.07

Trading Metrics:

Open:	27.52	Previous Close:	27.08
Day Low:	27.04	Day High:	27.98
Year Low:	24	Year High:	36.15
Price Avg 50:	27.87	Price Avg 200:	30.11
Volume:	47452	Average Volume:	37548

MCBS

MetroCity Bankshares, Inc.

About The Company

Revenue Segmentation

EPS

Earnings Call

Income Statement

Balance Sheet

Cash Flow Statement

Analyst Estimates

Current Key Metrics

Forward P/E Ratios

SWOT Analysis

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