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MetroCity Bankshares (MCBS) Revenue & Revenue Breakdown

OverviewOwnershipFinancialsChart

MetroCity Bankshares Revenue Highlights

Latest Revenue (Y)

$211.03M

Latest Revenue (Q)

$60.45M

Main Segment (Y)

Other service charges, commissions and fees

MetroCity Bankshares Revenue by Period

MetroCity Bankshares Revenue by Year

DateRevenueChange
2023-12-31$211.03M4999.83%
2022-12-31$4.14M-97.00%
2021-12-31$137.97M47.83%
2020-12-31$93.33M-7.47%
2019-12-31$100.87M9.27%
2018-12-31$92.31M9.50%
2017-12-31$84.30M43.92%
2016-12-31$58.57M32.98%
2015-12-31$44.05M24.83%
2014-12-31$35.29M17.26%
2013-12-31$30.09M-

MetroCity Bankshares generated $211.03M in revenue during NA 2023, up 4999.83% compared to the previous quarter, and up 228.61% compared to the same period a year ago.

MetroCity Bankshares Revenue by Quarter

DateRevenueChange
2024-09-30$60.45M1.21%
2024-06-30$59.73M3.19%
2024-03-31$57.88M4.51%
2023-12-31$55.38M104.70%
2023-09-30$27.06M-9.00%
2023-06-30$29.73M-7.81%
2023-03-31$32.25M679.34%
2022-12-31$4.14M-88.14%
2022-09-30$34.89M0.05%
2022-06-30$34.87M-8.97%
2022-03-31$38.31M3.23%
2021-12-31$37.11M-1.61%
2021-09-30$37.72M12.87%
2021-06-30$33.42M12.45%
2021-03-31$29.72M20.98%
2020-12-31$24.57M2.77%
2020-09-30$23.90M11.99%
2020-06-30$21.34M-8.86%
2020-03-31$23.42M-3.64%
2019-12-31$24.30M-9.92%
2019-09-30$26.98M-1.34%
2019-06-30$27.35M22.97%
2019-03-31$22.24M10.96%
2018-12-31$20.04M-16.69%
2018-09-30$24.06M-0.23%
2018-06-30$24.11M0.06%
2018-03-31$24.10M9.31%
2017-12-31$22.04M4.99%
2017-09-30$21.00M5.90%
2017-06-30$19.83M-7.50%
2017-03-31$21.43M21.11%
2016-12-31$17.70M23.26%
2016-09-30$14.36M5.08%
2016-06-30$13.66M6.30%
2016-03-31$12.85M4.83%
2015-12-31$12.26M13.19%
2015-09-30$10.83M-0.31%
2015-06-30$10.87M7.73%
2015-03-31$10.09M-

MetroCity Bankshares generated $60.45M in revenue during Q3 2024, up 1.21% compared to the previous quarter, and up 203.32% compared to the same period a year ago.

MetroCity Bankshares Revenue Breakdown

MetroCity Bankshares Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20
Service charges on deposit account$1.92M$1.99M$1.70M-
Other service charges, commissions and fees$5.66M$9.72M$14.44M-
Other Service Charges Commissions And Fees---$8.54M
Deposit Account---$1.31M

MetroCity Bankshares's latest annual revenue breakdown by segment (product or service), as of Dec 23: Other service charges, commissions and fees (74.68%), and Service charges on deposit account (25.32%).

Quarterly Revenue by Product

Product/ServiceSep 24Mar 24Dec 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
Other service charges, commissions and fees$1.92M$1.61M$3.52M$1.27M$874.00K$1.24M$2.68M$3.65M$2.16M$3.02M-----
Deposit Account$531.00K$446.00K$411.00K$373.00K$608.00K$215.00K---------
Service charges on deposit account-$447.00K$1.00M$464.00K$449.00K$483.00K$509.00K$518.00K$481.00K$466.00K-----
Other Service Charges Commissions And Fees----------$4.15M$3.88M$3.40M$3.35M$2.02M

MetroCity Bankshares's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Other service charges, commissions and fees (78.29%), and Deposit Account (21.71%).

MetroCity Bankshares Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
CFBCrossFirst Bankshares$455.32M$134.39M
FMBHFirst Mid Bancshares$386.95M$44.35M
MCBSMetroCity Bankshares$211.03M$60.45M
LBCLuther Burbank$178.91M$20.59M
HBCPHome Bancorp$178.87M$51.02M
FNWDFinward Bancorp$96.53M$22.47M
FRAFFranklin Financial Services$91.60M$30.91M
CWBCCommunity West Bancshares$61.39M$27.26M
GSBCGreat Southern Bancorp$46.29M$91.36M
HMNFHMN Financial$43.48M$14.79M
LSBKLake Shore Bancorp$36.39M$9.64M
HFBLHome Federal Bancorp, Inc. of Louisiana$33.45M$8.04M
MGYRMagyar Bancorp$30.42M$12.74M
HVBCHV Bancorp$25.74M$6.58M
OFEDOconee Federal Financial$16.61M$3.21M

MCBS Revenue FAQ

What is MetroCity Bankshares’s yearly revenue?

MetroCity Bankshares's yearly revenue for 2023 was $211.03M, representing an increase of 4999.83% compared to 2022. The company's yearly revenue for 2022 was $4.14M, representing a decrease of -97.00% compared to 2021. MCBS's yearly revenue for 2021 was $137.97M, representing an increase of 47.83% compared to 2020.

What is MetroCity Bankshares’s quarterly revenue?

MetroCity Bankshares's quarterly revenue for Q3 2024 was $60.45M, a 1.21% increase from the previous quarter (Q2 2024), and a 123.42% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $59.73M, a 3.19% increase from the previous quarter (Q1 2024), and a 100.89% increase year-over-year (Q2 2023). MCBS's quarterly revenue for Q1 2024 was $57.88M, a 4.51% increase from the previous quarter (Q4 2023), and a 79.48% increase year-over-year (Q1 2023).

What is MetroCity Bankshares’s revenue growth rate?

MetroCity Bankshares's revenue growth rate for the last 3 years (2021-2023) was 52.95%, and for the last 5 years (2019-2023) was 109.22%.

What are MetroCity Bankshares’s revenue streams?

MetroCity Bankshares's revenue streams in c 23 are Service charges on deposit account, and Other service charges, commissions and fees. Service charges on deposit account generated $1.92M in revenue, accounting 25.32% of the company's total revenue, down -3.67% year-over-year. Other service charges, commissions and fees generated $5.66M in revenue, accounting 74.68% of the company's total revenue, down -41.83% year-over-year.

What is MetroCity Bankshares’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of MetroCity Bankshares was Other service charges, commissions and fees. This segment made a revenue of $5.66M, representing 74.68% of the company's total revenue.