MetroCity Bankshares, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2019
January 24, 2020 at 01:25 pm
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MetroCity Bankshares, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2019. For the quarter, the company reported net interest income of USD 14,944,000 compared to USD 14,475,000 a year ago. Net income was USD 10,670,000 compared to USD 9,736,000 a year ago. Basic income per share was USD 0.42 compared to USD 0.40 a year ago.
For the full year, the company reported net interest income of USD 60,975,000 compared to USD 58,204,000 a year ago. Net income was USD 44,718,000 compared to USD 41,334,000 a year ago. Basic income per share was USD 1.82 compared to USD 1.71 a year ago. Diluted income per share was USD 1.81 compared to USD 1.69 a year ago.
MetroCity Bankshares, Inc. is a bank holding company. It operates through its banking subsidiary, Metro City Bank (the Bank), which is a Georgia state-chartered commercial bank. It offers a suite of loan and deposit products. The Bank operates over 20 full-service branch locations in multi-ethnic communities in Alabama, Florida, Georgia, New York, New Jersey, Texas and Virginia. It offers customary banking services, such as consumer and commercial checking accounts, savings accounts, certificates of deposit, commercial and consumer loans, including single family residential loans, money transfers and a variety of other banking services. It offers traditional depository products, including checking, savings, money market and certificates of deposits. It also offers a full suite of online banking solutions, including access to account balances, online transfers, online bill payment and electronic delivery of customer statements, mobile banking solutions for iPhone and Android phones.
METROCITY BANKSHARES, INC. 
