MetroCity Bankshares Management

Management criteria checks 3/4

MetroCity Bankshares' CEO is Nack Paek, appointed in Jan 2014, has a tenure of 10.83 years. total yearly compensation is $2.19M, comprised of 20.8% salary and 79.2% bonuses, including company stock and options. directly owns 5.19% of the company’s shares, worth €42.85M. The average tenure of the management team and the board of directors is 10.8 years and 10.8 years respectively.

Key information

Nack Paek

Chief executive officer

US$2.2m

Total compensation

CEO salary percentage	20.8%
CEO tenure	10.8yrs
CEO ownership	5.2%
Management average tenure	10.8yrs
Board average tenure	10.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Nack Paek's remuneration changed compared to MetroCity Bankshares's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$60m
Jun 30 2024	n/a	n/a	US$54m
Mar 31 2024	n/a	n/a	US$51m
Dec 31 2023	US$2m	US$455k	US$52m
Sep 30 2023	n/a	n/a	US$50m
Jun 30 2023	n/a	n/a	US$56m
Mar 31 2023	n/a	n/a	US$59m
Dec 31 2022	US$2m	US$425k	US$63m
Sep 30 2022	n/a	n/a	US$70m
Jun 30 2022	n/a	n/a	US$70m
Mar 31 2022	n/a	n/a	US$68m
Dec 31 2021	US$2m	US$425k	US$62m
Sep 30 2021	n/a	n/a	US$54m
Jun 30 2021	n/a	n/a	US$46m
Mar 31 2021	n/a	n/a	US$40m
Dec 31 2020	US$2m	US$369k	US$36m
Sep 30 2020	n/a	n/a	US$38m
Jun 30 2020	n/a	n/a	US$41m
Mar 31 2020	n/a	n/a	US$46m
Dec 31 2019	US$1m	US$369k	US$45m
Sep 30 2019	n/a	n/a	US$44m
Jun 30 2019	n/a	n/a	US$41m
Mar 31 2019	n/a	n/a	US$39m
Dec 31 2018	US$2m	US$334k	US$41m
Sep 30 2018	n/a	n/a	US$41m
Jun 30 2018	n/a	n/a	US$38m
Mar 31 2018	n/a	n/a	US$35m
Dec 31 2017	US$1m	US$321k	US$32m

Compensation vs Market: Nack's total compensation ($USD2.19M) is above average for companies of similar size in the German market ($USD1.48M).

Compensation vs Earnings: Nack's compensation has been consistent with company performance over the past year.

CEO

Nack Paek (81 yo)

10.8yrs

Tenure

US$2,188,058

Compensation

Mr. Nack Young Paek founded Metro City Bank in 2006. Mr. Paek is the Chairman of the Board and the Chief Executive Officer of MetroCity Bankshares, Inc., since 2014. He has been an Executive Chairman and D...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Nack Paek	Chairman & CEO	10.8yrs	US$2.19m	5.19% € 42.8m
Farid Tan	President & Director	10.8yrs	US$2.19m	3.64% € 30.0m
Howard Kim	Executive VP	no data	US$1.86m	2.36% € 19.5m
Sion Lai	Secretary & Director	no data	US$96.48k	2.14% € 17.7m
Lucas Stewart	Executive VP	3.1yrs	no data	0.0084% € 69.5k

10.8yrs

Average Tenure

67yo

Average Age

Experienced Management: 7IR's management team is seasoned and experienced (10.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Nack Paek	Chairman & CEO	10.8yrs	US$2.19m	5.19% € 42.8m
Farid Tan	President & Director	10.8yrs	US$2.19m	3.64% € 30.0m
Howard Kim	Executive VP	7.8yrs	US$1.86m	2.36% € 19.5m
Sion Lai	Secretary & Director	10.8yrs	US$96.48k	2.14% € 17.7m
Don T. Leung	Independent Vice Chairman of the Board	10.8yrs	US$94.40k	3.22% € 26.6m
Feiying Lu	Independent Director	10.8yrs	US$85.00k	0.66% € 5.5m
Ajit Patel	Independent Director	10.8yrs	US$96.38k	2.74% € 22.7m
Frank Rhee	Independent Director	10.8yrs	US$93.00k	0.072% € 591.4k
Sam Shim	Independent Director	10.8yrs	US$83.00k	2.09% € 17.2m
William Hungeling	Independent Director	4yrs	US$96.40k	0.62% € 5.1m
Frank Glover	Non-Independent Director	2.8yrs	US$85.70k	0.80% € 6.6m
John Paek	Director	less than a year	no data	0.93% € 7.7m

10.8yrs

Average Tenure

62.5yo

Average Age

Experienced Board: 7IR's board of directors are seasoned and experienced ( 10.8 years average tenure).

MetroCity Bankshares Management

Management criteria checks 3/4

Key information

Recent management updates

President & Director recently sold €662k worth of stock

Independent Director recently sold €939k worth of stock

Chairman & CEO recently sold €1.4m worth of stock

Insufficient new directors

MetroCity Bankshares, Inc., Annual General Meeting, May 16, 2024

Insufficient new directors

Recent updates

President & Director recently sold €662k worth of stock

Investor sentiment improves as stock rises 15%

Third quarter dividend of US$0.23 announced

Third quarter 2024 earnings released: EPS: US$0.66 (vs US$0.45 in 3Q 2023)

MetroCity Bankshares, Inc. Declares Quarterly Cash Dividend, Payable on November 8, 2024

Independent Director recently sold €939k worth of stock

Investor sentiment deteriorates as stock falls 15%

New minor risk - Insider selling

Chairman & CEO recently sold €1.4m worth of stock

Second quarter 2024 earnings released: EPS: US$0.67 (vs US$0.52 in 2Q 2023)

Second quarter dividend of US$0.20 announced

Metrocity Bankshares, Inc. Declares Quarterly Cash Dividend, Payable on August 9, 2024

Insufficient new directors

First quarter 2024 earnings released: EPS: US$0.58 (vs US$0.63 in 1Q 2023)

Upcoming dividend of US$0.20 per share

First quarter dividend of US$0.20 announced

First quarter 2024 earnings released: EPS: US$0.58 (vs US$0.63 in 1Q 2023)

MetroCity Bankshares, Inc. Declares Quarterly Cash Dividend, Payable on May 10, 2024

MetroCity Bankshares, Inc., Annual General Meeting, May 16, 2024

Full year 2023 earnings released: EPS: US$2.05 (vs US$2.46 in FY 2022)

Full year 2023 earnings released: EPS: US$2.05 (vs US$2.46 in FY 2022)

Upcoming dividend of US$0.20 per share at 2.9% yield

Third quarter dividend of US$0.20 announced

Metrocity Bankshares, Inc. Declares Quarterly Cash Dividend on Its Common Stock, Payable on February 9, 2024

Insufficient new directors

Chairman & CEO recently sold €389k worth of stock

Upcoming dividend of US$0.18 per share at 3.7% yield

Third quarter 2023 earnings released: EPS: US$0.45 (vs US$0.66 in 3Q 2022)

Metrocity Bankshares, Inc. Declares Quarterly Cash Dividend on Its Common Stock, Payable on November 10, 2023

Upcoming dividend of US$0.18 per share at 3.4% yield

Metrocity Bankshares, Inc. Declares Quarterly Cash Dividend on Its Common Stock, Payable on August 11, 2023

Second quarter 2023 earnings released: EPS: US$0.52 (vs US$0.63 in 2Q 2022)

MetroCity Bankshares, Inc.(NasdaqGS:MCBS) dropped from Russell 2000 Growth-Defensive Index

Investor sentiment improves as stock rises 19%

Upcoming dividend of US$0.18 per share at 4.5% yield

Full year 2022 earnings released: EPS: US$2.58 (vs US$2.41 in FY 2021)

Full year 2022 earnings released: EPS: US$2.59 (vs US$2.41 in FY 2021)

Upcoming dividend of US$0.18 per share at 3.4% yield

Metrocity Bankshares, Inc. Declares Quarterly Cash Dividend, Payable on February 10, 2023

Upcoming dividend of US$0.15 per share

Third quarter 2022 earnings released: EPS: US$0.66 (vs US$0.66 in 3Q 2021)

Metrocity Bankshares, Inc. Declares Quarterly Cash Dividend, Payable on November 10, 2022

Upcoming dividend of US$0.15 per share

Second quarter 2022 earnings released: EPS: US$0.63 (vs US$0.56 in 2Q 2021)

MetroCity Bankshares, Inc. Declares Quarterly Cash Dividend, Payable on August 12, 2022

First quarter 2022 earnings released: EPS: US$0.76 (vs US$0.51 in 1Q 2021)

Upcoming dividend of US$0.15 per share

MetroCity Bankshares Declares Quarterly Cash Dividend, Payable on May 13, 2022

MetroCity Bankshares, Inc., Annual General Meeting, May 19, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Upcoming dividend of US$0.15 per share

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Insufficient new directors

Upcoming dividend of US$0.14 per share

Third quarter 2021 earnings released: EPS US$0.66 (vs US$0.37 in 3Q 2020)

Second quarter 2021 earnings released: EPS US$0.56 (vs US$0.30 in 2Q 2020)

First quarter 2021 earnings released: EPS US$0.51 (vs US$0.38 in 1Q 2020)

First quarter 2021 earnings released: EPS US$0.51 (vs US$0.38 in 1Q 2020)

Full year 2020 earnings released: EPS US$1.42 (vs US$1.82 in FY 2019)

Independent Director recently sold €103k worth of stock

Independent Director recently sold €128k worth of stock

Revenue beats expectations

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age