Latest news with #MCBS
Yahoo
5 days ago
- Business
- Yahoo
MetroCity Bankshares Second Quarter 2025 Earnings: Beats Expectations
MetroCity Bankshares (NASDAQ:MCBS) Second Quarter 2025 Results Key Financial Results Revenue: US$37.8m (up 3.8% from 2Q 2024). Net income: US$16.8m (flat on 2Q 2024). Profit margin: 45% (down from 47% in 2Q 2024). The decrease in margin was driven by higher expenses. EPS: US$0.66 (down from US$0.67 in 2Q 2024). We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. All figures shown in the chart above are for the trailing 12 month (TTM) period MetroCity Bankshares Revenues and Earnings Beat Expectations Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) also surpassed analyst estimates by 3.2%. Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Banks industry in the US. Performance of the American Banks industry. The company's share price is broadly unchanged from a week ago. Balance Sheet Analysis While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on MetroCity Bankshares' balance sheet. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
MetroCity Bankshares Second Quarter 2025 Earnings: Beats Expectations
MetroCity Bankshares (NASDAQ:MCBS) Second Quarter 2025 Results Key Financial Results Revenue: US$37.8m (up 3.8% from 2Q 2024). Net income: US$16.8m (flat on 2Q 2024). Profit margin: 45% (down from 47% in 2Q 2024). The decrease in margin was driven by higher expenses. EPS: US$0.66 (down from US$0.67 in 2Q 2024). We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. All figures shown in the chart above are for the trailing 12 month (TTM) period MetroCity Bankshares Revenues and Earnings Beat Expectations Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) also surpassed analyst estimates by 3.2%. Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Banks industry in the US. Performance of the American Banks industry. The company's share price is broadly unchanged from a week ago. Balance Sheet Analysis While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on MetroCity Bankshares' balance sheet. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
18-07-2025
- Business
- Yahoo
MetroCity: Q2 Earnings Snapshot
DORAVILLE, Ga. (AP) — DORAVILLE, Ga. (AP) — MetroCity Bankshares, Inc. (MCBS) on Friday reported net income of $16.8 million in its second quarter. The Doraville, Georgia-based bank said it had earnings of 65 cents per share. The company posted revenue of $59.8 million in the period. Its revenue net of interest expense was $37.9 million, topping Street forecasts. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on MCBS at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
San Francisco Chronicle
18-07-2025
- Business
- San Francisco Chronicle
MetroCity: Q2 Earnings Snapshot
DORAVILLE, Ga. (AP) — DORAVILLE, Ga. (AP) — MetroCity Bankshares, Inc. (MCBS) on Friday reported net income of $16.8 million in its second quarter. The Doraville, Georgia-based bank said it had earnings of 65 cents per share. The company posted revenue of $59.8 million in the period. Its revenue net of interest expense was $37.9 million, topping Street forecasts. _____
Times of Oman
06-07-2025
- Business
- Times of Oman
MCBS Co-Hosts QS Africa Forum, Advancing Zanzibar's Role as Regional Education Hub
The Modern College of Business and Science (MCBS) proudly co-hosted the QS Africa Forum 2025 in Zanzibar from July 3–4, under the patronage of His Excellency Dr. Hussein Ali Mwinyi, President of Zanzibar. Held at the Golden Tulip Zanzibar Airport Hotel, the event brought together higher education leaders, policymakers, and researchers to discuss the theme: 'Maximising Africa's Potential: Scientific Research, Knowledge Transfer, Innovation, and Skills for a Thriving Future.' MCBS played a key role in organizing the forum in collaboration with QS, demonstrating its commitment to academic excellence and regional collaboration. The forum aligns with Zanzibar's strategic vision to become a regional hub for education and innovation. MCBS Executive Chairman Dr. Muneer Al Maskari underscored this vision in his address, highlighting the college's mission of global engagement: "The Modern College of Business and Science (MCBS), based in Muscat, is proud to co-host this Forum as part of our commitment to international collaboration and academic excellence. As one of Oman's premier private institutions, MCBS fosters innovation, entrepreneurship, and research that addresses real-world challenges. In doing so, we see education not only as a national priority, but as a global mission—one that binds our future with yours." His sentiments were echoed by President Mwinyi, who recognized MCBS's role in enabling the summit: "I wish to recognise the Modern College of Business and Science in Oman, whose vision and partnership have been instrumental in bringing this summit to Zanzibar. Institutions like MCBS demonstrate that through collaboration and a shared commitment to education, we can build bridges that span continents and a future that uplifts all of us." The forum also spotlighted Zanzibar's educational transformation, including initiatives such as the IIT Madras Zanzibar Campus, the Airtel Africa Fellowship Programme, and the "Silicon Zanzibar" digital free zone. These developments underscore the island's rapid growth as an innovation and learning destination. Notably, the Zanzibar campus of IIT Madras signed a Memorandum of Understanding (MoU) with MCBS, strengthening academic collaboration, innovation, and research between Zanzibar and Oman while expanding both institutions' global footprint. Jason Newman, Chief Commercial Officer at QS, reflected on the forum's wider significance: "This is a pivotal moment where strategy meets action and vision meets implementation. As we look to the future, our focus remains on the big picture—empowering educational institutions to excel independently as well as collectively. We must work together to showcase the strength of African institutions across the international education landscape, turning opportunity into action and ambition into achievement." As a leading academic institution in the region, MCBS remains committed to strengthening global partnerships and supporting transformative education initiatives across Africa and beyond.
