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MetroCity Bankshares NasdaqGS:MCBS Stock Report

Last Price


Market Cap







01 Jul, 2022


Company Financials +
MCBS fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance5/6
Financial Health6/6

MCBS Stock Overview

MetroCity Bankshares, Inc. operates as the bank holding company for Metro City Bank that provides banking products and services in the United States.

MetroCity Bankshares Competitors

Price History & Performance

Summary of all time highs, changes and price drops for MetroCity Bankshares
Historical stock prices
Current Share PriceUS$20.52
52 Week HighUS$29.82
52 Week LowUS$17.27
1 Month Change1.13%
3 Month Change-11.89%
1 Year Change15.41%
3 Year Change49.24%
5 Year Change145.02%
Change since IPO242.00%

Recent News & Updates

Shareholder Returns

MCBSUS BanksUS Market

Return vs Industry: MCBS exceeded the US Banks industry which returned -20.1% over the past year.

Return vs Market: MCBS exceeded the US Market which returned -21.7% over the past year.

Price Volatility

Is MCBS's price volatile compared to industry and market?
MCBS volatility
MCBS Average Weekly Movement4.4%
Banks Industry Average Movement3.8%
Market Average Movement8.1%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.2%

Stable Share Price: MCBS is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: MCBS's weekly volatility (4%) has been stable over the past year.

About the Company

2006217Nack Paek

MetroCity Bankshares, Inc. operates as the bank holding company for Metro City Bank that provides banking products and services in the United States. It provides consumer and commercial checking accounts, savings accounts, certificates of deposits, money transfers, and other banking services. The company also offers construction and development, commercial real estate, commercial and industrial, single family residential mortgage, small business administration, and other consumer loans; and online banking, treasury management, wire transfer, automated clearing house, and cash management services.

MetroCity Bankshares Fundamentals Summary

How do MetroCity Bankshares's earnings and revenue compare to its market cap?
MCBS fundamental statistics
Market CapUS$522.55m
Earnings (TTM)US$68.15m
Revenue (TTM)US$140.77m


P/E Ratio


P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MCBS income statement (TTM)
Cost of RevenueUS$0
Gross ProfitUS$140.77m
Other ExpensesUS$72.63m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date


Earnings per share (EPS)2.68
Gross Margin100.00%
Net Profit Margin48.41%
Debt/Equity Ratio122.6%

How did MCBS perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


Is MCBS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MCBS?

Other financial metrics that can be useful for relative valuation.

MCBS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio-14.8x

Price to Earnings Ratio vs Peers

How does MCBS's PE Ratio compare to its peers?

MCBS PE Ratio vs Peers
The above table shows the PE ratio for MCBS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.5x
PGC Peapack-Gladstone Financial
AROW Arrow Financial
THFF First Financial
MBWM Mercantile Bank
MCBS MetroCity Bankshares

Price-To-Earnings vs Peers: MCBS is good value based on its Price-To-Earnings Ratio (7.7x) compared to the peer average (9.5x).

Price to Earnings Ratio vs Industry

How does MCBS's PE Ratio compare vs other companies in the US Banks Industry?

Price-To-Earnings vs Industry: MCBS is good value based on its Price-To-Earnings Ratio (7.7x) compared to the US Banks industry average (9.5x)

Price to Earnings Ratio vs Fair Ratio

What is MCBS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MCBS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.7x
Fair PE Ratio10.7x

Price-To-Earnings vs Fair Ratio: MCBS is good value based on its Price-To-Earnings Ratio (7.7x) compared to the estimated Fair Price-To-Earnings Ratio (10.7x).

Share Price vs Fair Value

What is the Fair Price of MCBS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MCBS ($20.52) is trading below our estimate of fair value ($38.09)

Significantly Below Fair Value: MCBS is trading below fair value by more than 20%.

Price to Earnings Growth Ratio

PEG Ratio: MCBS's earnings are forecast to decline next year, so we can't calculate its PEG ratio.

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Future Growth

How is MetroCity Bankshares forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MCBS's earnings are forecast to decline over the next 3 years (-0.5% per year).

Earnings vs Market: MCBS's earnings are forecast to decline over the next 3 years (-0.5% per year).

High Growth Earnings: MCBS's earnings are forecast to decline over the next 3 years.

Revenue vs Market: MCBS's revenue (2.1% per year) is forecast to grow slower than the US market (8.2% per year).

High Growth Revenue: MCBS's revenue (2.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if MCBS's Return on Equity is forecast to be high in 3 years time

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Past Performance

How has MetroCity Bankshares performed over the past 5 years?

Past Performance Score


Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MCBS has high quality earnings.

Growing Profit Margin: MCBS's current net profit margins (48.4%) are higher than last year (42.1%).

Past Earnings Growth Analysis

Earnings Trend: MCBS's earnings have grown by 13.9% per year over the past 5 years.

Accelerating Growth: MCBS's earnings growth over the past year (72.3%) exceeds its 5-year average (13.9% per year).

Earnings vs Industry: MCBS earnings growth over the past year (72.3%) exceeded the Banks industry 20.7%.

Return on Equity

High ROE: Whilst MCBS's Return on Equity (21.95%) is high, this metric is skewed due to their high level of debt.

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Financial Health

How is MetroCity Bankshares's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score


Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Financial Institutions Analysis

Asset Level: MCBS's Assets to Equity ratio (10.1x) is moderate.

Allowance for Bad Loans: MCBS has a sufficient allowance for bad loans (134%).

Low Risk Liabilities: 84% of MCBS's liabilities are made up of primarily low risk sources of funding.

Loan Level: MCBS has an appropriate level of Loans to Assets ratio (79%).

Low Risk Deposits: MCBS's Loans to Deposits ratio (105%) is appropriate.

Level of Bad Loans: MCBS has an appropriate level of bad loans (0.5%).

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What is MetroCity Bankshares's current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: MCBS's dividend (2.92%) is higher than the bottom 25% of dividend payers in the US market (1.61%).

High Dividend: MCBS's dividend (2.92%) is low compared to the top 25% of dividend payers in the US market (4.3%).

Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, MCBS has been paying a dividend for less than 10 years.

Growing Dividend: MCBS's dividend payments have increased, but the company has only paid a dividend for 5 years.

Current Payout to Shareholders

Earnings Coverage: With its low payout ratio (19.1%), MCBS's dividend payments are well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.

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How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Nack Paek (79 yo)





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...

CEO Compensation Analysis

Compensation vs Market: Nack's total compensation ($USD1.63M) is below average for companies of similar size in the US market ($USD2.87M).

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

Leadership Team

Experienced Management: MCBS's management team is seasoned and experienced (8.4 years average tenure).

Board Members

Experienced Board: MCBS's board of directors are considered experienced (8.4 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

MetroCity Bankshares, Inc.'s employee growth, exchange listings and data sources

Key Information

  • Name: MetroCity Bankshares, Inc.
  • Ticker: MCBS
  • Exchange: NasdaqGS
  • Founded: 2006
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$522.547m
  • Shares outstanding: 25.47m
  • Website:

Number of Employees


  • MetroCity Bankshares, Inc.
  • 5114 Buford Highway
  • Doraville
  • Georgia
  • 30340
  • United States


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/01 00:00
End of Day Share Price2022/07/01 00:00
Annual Earnings2021/12/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.