MetroCity Historical Income Statement

MCBS Stock

USD 32.55 0.35 1.09%

Historical analysis of MetroCity Bankshares income statement accounts such as Other Operating Expenses of 75.6 M can show how well MetroCity Bankshares performed in making a profits. Evaluating MetroCity Bankshares income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of MetroCity Bankshares's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining MetroCity Bankshares latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether MetroCity Bankshares is a good buy for the upcoming year.

Net Income Gross Profit

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MetroCity Bankshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For more information on how to buy MetroCity Stock please use our How to Invest in MetroCity Bankshares guide.

About MetroCity Income Statement Analysis

MetroCity Bankshares Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to MetroCity Bankshares shareholders. The income statement also shows MetroCity investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

MetroCity Bankshares Income Statement Chart

At this time, MetroCity Bankshares' Depreciation And Amortization is comparatively stable compared to the past year. Gross Profit is likely to gain to about 221.6 M in 2024, whereas Operating Income is likely to drop slightly above 61.6 M in 2024.

Total Revenue Gross Profit Other Operating Expenses Operating Income

Total Revenue

Total revenue comprises all receipts MetroCity Bankshares generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of MetroCity Bankshares minus its cost of goods sold. It is profit before MetroCity Bankshares operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of MetroCity Bankshares. It is also known as MetroCity Bankshares overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from MetroCity Bankshares operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of MetroCity Bankshares is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most accounts from MetroCity Bankshares' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into MetroCity Bankshares current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MetroCity Bankshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For more information on how to buy MetroCity Stock please use our How to Invest in MetroCity Bankshares guide.At this time, MetroCity Bankshares' Depreciation And Amortization is comparatively stable compared to the past year. Gross Profit is likely to gain to about 221.6 M in 2024, whereas Operating Income is likely to drop slightly above 61.6 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	138.0M	4.1M	211.0M	221.6M
Total Revenue	138.0M	4.1M	115.6M	79.7M

Gross Profit Total Revenue

MetroCity Bankshares income statement Correlations

	Depreciation And Amortization	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Net Income	Income Tax Expense	Interest Expense	Selling General Administrative	Net Income From Continuing Ops	Total Other Income Expense Net	Selling And Marketing Expenses	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation	Extraordinary Items
Depreciation And Amortization		0.64	0.59	0.55	0.76	0.7	0.72	-0.23	0.78	0.78	0.79	0.5	0.8	0.76	0.42	0.81	0.58	0.61	0.59	0.62	-0.32
Total Revenue	0.64		0.79	0.81	0.4	0.97	0.95	-0.25	0.55	0.6	0.49	0.37	0.66	0.56	0.47	0.56	0.35	0.42	0.43	0.41	-0.27
Gross Profit	0.59	0.79		0.98	0.38	0.76	0.76	0.35	0.51	0.53	0.48	0.83	0.62	0.52	0.75	0.62	0.53	0.52	0.62	0.51	-0.8
Other Operating Expenses	0.55	0.81	0.98		0.33	0.74	0.74	0.29	0.49	0.52	0.43	0.77	0.61	0.5	0.8	0.55	0.47	0.51	0.6	0.56	-0.75
Operating Income	0.76	0.4	0.38	0.33		0.43	0.49	-0.13	0.98	0.96	0.97	0.45	0.92	0.97	0.24	0.74	0.87	0.9	0.8	0.8	-0.21
Ebit	0.7	0.97	0.76	0.74	0.43		0.92	-0.26	0.55	0.59	0.5	0.36	0.65	0.55	0.37	0.6	0.35	0.39	0.41	0.34	-0.24
Ebitda	0.72	0.95	0.76	0.74	0.49	0.92		-0.26	0.61	0.64	0.57	0.39	0.69	0.59	0.39	0.65	0.39	0.42	0.44	0.39	-0.27
Total Operating Expenses	-0.23	-0.25	0.35	0.29	-0.13	-0.26	-0.26		-0.14	-0.16	-0.09	0.69	-0.11	-0.14	0.42	-0.01	0.26	0.11	0.32	0.05	-0.75
Income Before Tax	0.78	0.55	0.51	0.49	0.98	0.55	0.61	-0.14		1.0	0.98	0.5	0.96	1.0	0.36	0.75	0.88	0.93	0.85	0.86	-0.25
Net Income	0.78	0.6	0.53	0.52	0.96	0.59	0.64	-0.16	1.0		0.95	0.5	0.97	1.0	0.38	0.73	0.86	0.93	0.85	0.87	-0.25
Income Tax Expense	0.79	0.49	0.48	0.43	0.97	0.5	0.57	-0.09	0.98	0.95		0.51	0.91	0.95	0.3	0.78	0.91	0.9	0.83	0.79	-0.27
Interest Expense	0.5	0.37	0.83	0.77	0.45	0.36	0.39	0.69	0.5	0.5	0.51		0.57	0.5	0.8	0.62	0.67	0.6	0.76	0.6	-0.92
Selling General Administrative	0.8	0.66	0.62	0.61	0.92	0.65	0.69	-0.11	0.96	0.97	0.91	0.57		0.97	0.48	0.79	0.81	0.9	0.85	0.87	-0.33
Net Income From Continuing Ops	0.76	0.56	0.52	0.5	0.97	0.55	0.59	-0.14	1.0	1.0	0.95	0.5	0.97		0.38	0.73	0.87	0.94	0.85	0.88	-0.27
Total Other Income Expense Net	0.42	0.47	0.75	0.8	0.24	0.37	0.39	0.42	0.36	0.38	0.3	0.8	0.48	0.38		0.53	0.39	0.43	0.58	0.65	-0.72
Selling And Marketing Expenses	0.81	0.56	0.62	0.55	0.74	0.6	0.65	-0.01	0.75	0.73	0.78	0.62	0.79	0.73	0.53		0.64	0.57	0.61	0.59	-0.44
Tax Provision	0.58	0.35	0.53	0.47	0.87	0.35	0.39	0.26	0.88	0.86	0.91	0.67	0.81	0.87	0.39	0.64		0.94	0.93	0.79	-0.45
Net Interest Income	0.61	0.42	0.52	0.51	0.9	0.39	0.42	0.11	0.93	0.93	0.9	0.6	0.9	0.94	0.43	0.57	0.94		0.93	0.91	-0.39
Interest Income	0.59	0.43	0.62	0.6	0.8	0.41	0.44	0.32	0.85	0.85	0.83	0.76	0.85	0.85	0.58	0.61	0.93	0.93		0.87	-0.5
Reconciled Depreciation	0.62	0.41	0.51	0.56	0.8	0.34	0.39	0.05	0.86	0.87	0.79	0.6	0.87	0.88	0.65	0.59	0.79	0.91	0.87		-0.38
Extraordinary Items	-0.32	-0.27	-0.8	-0.75	-0.21	-0.24	-0.27	-0.75	-0.25	-0.25	-0.27	-0.92	-0.33	-0.27	-0.72	-0.44	-0.45	-0.39	-0.5	-0.38

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MetroCity Bankshares Account Relationship Matchups

MetroCity Bankshares income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	899K	2.7M	1.1M	1.2M	2.7M	2.8M
Total Revenue	100.9M	93.3M	138.0M	4.1M	115.6M	79.7M
Gross Profit	100.9M	93.3M	138.0M	4.1M	211.0M	221.6M
Other Operating Expenses	40M	44.6M	55.4M	606K	72.0M	75.6M
Operating Income	60.9M	48.8M	82.6M	118.8M	72.0M	61.6M
Ebit	60.9M	50.6M	84.3M	(1.0M)	72.0M	48.0M
Ebitda	63.6M	51.7M	85.5M	163K	72.0M	51.9M
Total Operating Expenses	(40M)	(44.6M)	(55.4M)	606K	72.0M	75.6M
Income Before Tax	60.9M	48.8M	82.6M	91.2M	72.0M	55.6M
Net Income	44.7M	36.4M	61.7M	62.6M	51.6M	39.0M
Income Tax Expense	16.2M	12.4M	20.9M	25.6M	20.4M	16.3M
Interest Expense	22.2M	11.5M	4.6M	27.6M	91.3M	95.9M
Selling General Administrative	24.9M	25.5M	30.1M	30.5M	30.5M	24.5M
Net Income From Continuing Ops	44.7M	36.4M	61.7M	65.6M	50.4M	42.0M
Total Other Income Expense Net	60.9M	48.8M	478K	163K	72.0M	75.6M
Net Income Applicable To Common Shares	44.7M	36.4M	61.7M	62.6M	72.0M	40.1M
Selling And Marketing Expenses	649K	566K	541K	606K	614K	645.1K
Tax Provision	16.2M	12.4M	20.9M	25.6M	24.9M	19.9M
Net Interest Income	61.0M	66.1M	104.2M	119.6M	104.3M	83.0M
Interest Income	83.2M	77.6M	108.7M	147.2M	186.1M	107.2M
Reconciled Depreciation	2.7M	2.9M	2.8M	3.9M	3.2M	2.7M

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MetroCity Historical Income Statement

About MetroCity Income Statement Analysis

MetroCity Bankshares Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Operating Income

MetroCity Bankshares income statement Correlations

MetroCity Bankshares Account Relationship Matchups

High Positive Relationship

High Negative Relationship

MetroCity Bankshares income statement Accounts

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Net Income	+ 1.0	Income Before Tax
Net Income From Continuing Ops	+ 1.0	Income Before Tax
Net Income From Continuing Ops	+ 1.0	Net Income
Other Operating Expenses	+ 0.98	Gross Profit
Income Before Tax	+ 0.98	Operating Income
Income Tax Expense	+ 0.98	Income Before Tax

Extraordinary Items	- 0.92	Interest Expense
Extraordinary Items	- 0.8	Gross Profit
Extraordinary Items	- 0.75	Total Operating Expenses
Extraordinary Items	- 0.75	Other Operating Expenses
Extraordinary Items	- 0.72	Total Other Income Expense Net
Extraordinary Items	- 0.5	Interest Income