MetroCity Bankshares Past Earnings Performance
Past criteria checks 5/6
MetroCity Bankshares has been growing earnings at an average annual rate of 6.9%, while the Banks industry saw earnings growing at 17.4% annually. Revenues have been growing at an average rate of 7.1% per year. MetroCity Bankshares's return on equity is 14.6%, and it has net margins of 44%.
Key information
6.9%
Earnings growth rate
6.7%
EPS growth rate
| Banks Industry Growth | 10.6% |
| Revenue growth rate | 7.1% |
| Return on equity | 14.6% |
| Net Margin | 44.0% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How MetroCity Bankshares makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 136 | 60 | 40 | 0 |
| 30 Jun 24 | 126 | 54 | 38 | 0 |
| 31 Mar 24 | 120 | 51 | 37 | 0 |
| 31 Dec 23 | 120 | 52 | 36 | 0 |
| 30 Sep 23 | 121 | 50 | 35 | 0 |
| 30 Jun 23 | 130 | 56 | 35 | 0 |
| 31 Mar 23 | 135 | 59 | 36 | 0 |
| 31 Dec 22 | 140 | 63 | 37 | 0 |
| 30 Sep 22 | 145 | 70 | 37 | 0 |
| 30 Jun 22 | 143 | 70 | 38 | 0 |
| 31 Mar 22 | 140 | 68 | 37 | 0 |
| 31 Dec 21 | 130 | 62 | 37 | 0 |
| 30 Sep 21 | 118 | 54 | 36 | 0 |
| 30 Jun 21 | 106 | 46 | 34 | 0 |
| 31 Mar 21 | 94 | 40 | 32 | 0 |
| 31 Dec 20 | 90 | 36 | 32 | 0 |
| 30 Sep 20 | 91 | 38 | 31 | 0 |
| 30 Jun 20 | 95 | 41 | 31 | 0 |
| 31 Mar 20 | 103 | 46 | 32 | 0 |
| 31 Dec 19 | 101 | 45 | 31 | 0 |
| 30 Sep 19 | 100 | 44 | 32 | 0 |
| 30 Jun 19 | 97 | 41 | 31 | 0 |
| 31 Mar 19 | 93 | 39 | 31 | 0 |
| 31 Dec 18 | 95 | 41 | 29 | 0 |
| 30 Sep 18 | 91 | 41 | 26 | 0 |
| 30 Jun 18 | 87 | 38 | 24 | 0 |
| 31 Mar 18 | 84 | 35 | 24 | 0 |
| 31 Dec 17 | 81 | 32 | 22 | 0 |
| 30 Sep 17 | 79 | 28 | 24 | 0 |
| 30 Jun 17 | 73 | 26 | 23 | 0 |
| 31 Mar 17 | 67 | 23 | 21 | 0 |
| 31 Dec 16 | 59 | 20 | 19 | 0 |
| 30 Sep 16 | 53 | 19 | 16 | 0 |
| 30 Jun 16 | 50 | 19 | 15 | 0 |
| 31 Mar 16 | 47 | 18 | 13 | 0 |
| 31 Dec 15 | 44 | 17 | 13 | 0 |
| 31 Dec 14 | 35 | 12 | 10 | 0 |
| 31 Dec 13 | 30 | 10 | 9 | 0 |
Quality Earnings: 7IR has high quality earnings.
Growing Profit Margin: 7IR's current net profit margins (44%) are higher than last year (41.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 7IR's earnings have grown by 6.9% per year over the past 5 years.
Accelerating Growth: 7IR's earnings growth over the past year (18.2%) exceeds its 5-year average (6.9% per year).
Earnings vs Industry: 7IR earnings growth over the past year (18.2%) exceeded the Banks industry 13%.
Return on Equity
High ROE: 7IR's Return on Equity (14.6%) is considered low.