METROCITY BANKSHARES, INC. REPORTS EARNINGS FOR THIRD QUARTER 2023

December 15, 2023

https://www.prnewswire.com/news-releases/metrocity-bankshares-inc-reports-earnings-for-third-quarter-2023-301963157.html

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.

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