MetroCity Bankshares, Inc.
MCBS
26.84
USD-0.15
(-0.56%)Day's range
26.79
27.06
52 wk Range
24
36.152
MCBS Income Statement
| Period Ending | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 30,092,015 | 35,287,135 | 44,048,515 | 58,574,399 | 84,300,011 | 92,310,000 | 100,868,000 | 91,468,000 | 130,451,000 | 162,286,000 | 119,698,000 | 212,913,000 | |
| Cost of Revenue | 0 | 0 | 0 | 0 | 0 | -3,503,000 | 0 | 0 | 11,501,000 | 24,842,000 | 0 | 95,283,000 | |
| Gross Profit | 30,092,015 | 35,287,135 | 44,048,515 | 58,574,399 | 84,300,011 | 95,813,000 | 100,868,000 | 93,331,000 | 137,972,000 | 137,444,000 | 119,698,000 | 212,913,000 | |
| Gross Profit Margin | 1 | 1 | 1 | 1 | 1 | 1.038 | 1 | 1.02 | 1.058 | 0.847 | 1 | 1 | |
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| General & Administrative Expenses | 0 | 0 | 10,275,174 | 15,938,577 | 19,228,109 | 25,917,000 | 24,923,000 | 26,222,000 | 31,523,000 | 30,502,000 | 31,504,000 | 35,567,000 | |
| Selling & Marketing Expenses | 0 | 0 | 481,983 | 573,070 | 634,265 | 613,000 | 649,000 | 566,000 | 541,000 | 606,000 | 614,000 | 634,000 | |
| SG&A Expenses | 8,837,131 | 9,976,911 | 10,757,157 | 16,511,647 | 19,862,374 | 26,530,000 | 25,572,000 | 26,788,000 | 32,064,000 | 32,899,000 | 32,118,000 | 36,201,000 | |
| Other Expenses | 0 | 0 | -25,179,537 | -37,432,321 | -45,493,469 | -52,509,000 | -65,572,000 | 64,680,000 | 13,023,000 | 13,328,000 | 15,608,000 | 0 | |
| Total Operating Expenses | 13,709,689 | 15,461,378 | -14,422,380 | -20,920,674 | -25,631,095 | -25,137,000 | -40,000,000 | -44,567,000 | 45,087,000 | 46,227,000 | 47,726,000 | 634,000 | |
| Total Costs & Expenses | 13,709,689 | 15,461,378 | -14,422,380 | -20,920,674 | -25,631,095 | -25,137,000 | -40,000,000 | 32,226,999 | 36,781,000 | 71,069,000 | 47,726,000 | 147,115,000 | |
| Interest Income | 0 | 0 | 33,369,935 | 43,565,646 | 60,514,179 | 72,879,000 | 83,213,000 | 77,609,000 | 108,741,000 | 147,220,000 | 192,827,000 | 212,913,000 | |
| Interest Expense | 0 | 0 | 3,582,870 | 5,238,169 | 8,619,613 | 14,675,000 | 22,238,000 | 11,489,000 | 4,572,000 | 27,609,000 | 91,348,000 | 94,767,000 | |
| Depreciation & Amortization | -16,382,325 | -19,825,757 | 603,162 | 512,005 | 531,000 | 848,000 | 1,000,000 | 1,100,000 | 1,200,000 | 1,200,000 | 2,687,000 | 2,960,000 | |
| EBITDA | -78,202 | 0 | -329,095 | -285,844 | 50,757,000 | 56,849,000 | 61,868,000 | 0 | 84,289,000 | 95,092,000 | 74,659,000 | 90,274,000 | |
| EBITDA Margin | -0.003 | 0 | -0.007 | -0.005 | 0.602 | 0.616 | 0.613 | 0 | 0.646 | 0.586 | 0.624 | 0.424 | |
| Operating Income | 16,382,325 | 19,825,757 | 29,626,135 | 37,653,725 | 58,668,916 | 70,676,000 | 60,868,000 | 48,764,000 | 82,619,000 | 91,217,000 | 71,972,000 | 87,314,000 | |
| Operating Income Margin | 0.544 | 0.562 | 0.673 | 0.643 | 0.696 | 0.766 | 0.603 | 0.533 | 0.633 | 0.562 | 0.601 | 0.41 | |
| Total Other Income/Expenses (Net) | 0 | 0 | -329,095 | -285,844 | 176,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Income Before Tax | 16,382,325 | 19,825,757 | 26,043,265 | 32,415,556 | 50,049,303 | 56,001,000 | 60,868,000 | 48,764,000 | 82,619,000 | 91,217,000 | 71,972,000 | 87,314,000 | |
| Pre-Tax Income Margin | 0.544 | 0.562 | 0.591 | 0.553 | 0.594 | 0.607 | 0.603 | 0.533 | 0.633 | 0.562 | 0.601 | 0.41 | |
| Income Tax Expense | 6,203,618 | 7,328,977 | 9,430,590 | 12,199,595 | 18,152,558 | 14,667,000 | 16,150,000 | 12,370,000 | 20,918,000 | 28,615,000 | 20,359,000 | 22,810,000 | |
| Net Income | 10,100,505 | 12,496,780 | 16,612,675 | 20,215,961 | 31,896,745 | 41,334,000 | 44,718,000 | 36,394,000 | 61,701,000 | 62,602,000 | 51,613,000 | 64,504,000 | |
| Net Income Margin | 0.336 | 0.354 | 0.377 | 0.345 | 0.378 | 0.448 | 0.443 | 0.398 | 0.473 | 0.386 | 0.431 | 0.303 | |
| Earnings Per Share (EPS) | 0.49 | 0.59 | 0.7 | 0.86 | 1.34 | 1.71 | 1.82 | 1.42 | 2.41 | 2.46 | 2.05 | 2.55 | |
| Diluted Earnings Per Share (EPS) | 0.49 | 0.59 | 0.7 | 0.86 | 1.32 | 1.69 | 1.81 | 1.41 | 2.39 | 2.44 | 2.02 | 2.52 | |
| Weighted Average Shares Outstanding | 20,423,503 | 21,130,520 | 22,973,607 | 23,642,510 | 23,858,696 | 24,184,790 | 24,533,180 | 25,629,577 | 25,602,075 | 25,409,654 | 25,177,073 | 25,295,686 | |
| Weighted Average Shares Outstanding (Diluted) | 20,423,464 | 21,130,512 | 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 | 25,582,121 |