MetroCity Bankshares (MCBS) Revenue & Revenue Breakdown
MetroCity Bankshares Revenue Highlights
Latest Revenue (Y)
$211.03M
Latest Revenue (Q)
$59.67M
Main Segment (Y)
Other service charges, commissions and fees
MetroCity Bankshares Revenue by Period
MetroCity Bankshares Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $211.03M | 4999.83% |
| 2022-12-31 | $4.14M | -97.00% |
| 2021-12-31 | $137.97M | 47.83% |
| 2020-12-31 | $93.33M | -7.47% |
| 2019-12-31 | $100.87M | 9.27% |
| 2018-12-31 | $92.31M | 9.50% |
| 2017-12-31 | $84.30M | 43.92% |
| 2016-12-31 | $58.57M | 32.98% |
| 2015-12-31 | $44.05M | 24.83% |
| 2014-12-31 | $35.29M | 17.26% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $59.67M | 3.09% |
| 2024-03-31 | $57.88M | 4.51% |
| 2023-12-31 | $55.38M | 104.70% |
| 2023-09-30 | $27.06M | -9.00% |
| 2023-06-30 | $29.73M | -7.81% |
| 2023-03-31 | $32.25M | 679.34% |
| 2022-12-31 | $4.14M | -88.14% |
| 2022-09-30 | $34.89M | 0.05% |
| 2022-06-30 | $34.87M | -8.97% |
| 2022-03-31 | $38.31M | 3.23% |
| 2021-12-31 | $37.11M | -1.61% |
| 2021-09-30 | $37.72M | 12.87% |
| 2021-06-30 | $33.42M | 12.45% |
| 2021-03-31 | $29.72M | 20.98% |
| 2020-12-31 | $24.57M | 2.77% |
| 2020-09-30 | $23.90M | 11.99% |
| 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 | $27.35M | 22.97% |
| 2019-03-31 | $22.24M | 10.96% |
| 2018-12-31 | $20.04M | -16.69% |
| 2018-09-30 | $24.06M | -0.23% |
| 2018-06-30 | $24.11M | 0.06% |
| 2018-03-31 | $24.10M | 9.31% |
| 2017-12-31 | $22.04M | 4.99% |
| 2017-09-30 | $21.00M | 5.90% |
| 2017-06-30 | $19.83M | -7.50% |
| 2017-03-31 | $21.43M | 21.11% |
| 2016-12-31 | $17.70M | 23.26% |
| 2016-09-30 | $14.36M | 5.08% |
| 2016-06-30 | $13.66M | 6.30% |
| 2016-03-31 | $12.85M | 4.83% |
| 2015-12-31 | $12.26M | 13.19% |
| 2015-09-30 | $10.83M | -0.31% |
| 2015-06-30 | $10.87M | 7.73% |
| 2015-03-31 | $10.09M | - |
MetroCity Bankshares generated $59.67M in revenue during Q2 2024, up 3.09% compared to the previous quarter, and up 185.02% compared to the same period a year ago.
MetroCity Bankshares Revenue Breakdown
MetroCity Bankshares Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 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/Service | Mar 24 | Dec 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $1.61M | $3.52M | $1.27M | $874.00K | $1.24M | $2.68M | $3.65M | $2.16M | $3.02M | - | - | - | - | - |
| Deposit Account | - | - | - | - | - | - | - | - | - | $446.00K | $411.00K | $373.00K | $608.00K | $215.00K |
| 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 Mar 24: Other service charges, commissions and fees (78.29%), and Service charges on deposit account (21.71%).
MetroCity Bankshares Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| CFB | CrossFirst Bankshares | $455.32M | $128.69M |
| FMBH | First Mid Bancshares | $386.95M | $111.11M |
| MCBS | MetroCity Bankshares | $211.03M | $59.67M |
| LBC | Luther Burbank | $178.91M | $20.59M |
| HBCP | Home Bancorp | $178.87M | $49.13M |
| FNWD | Finward Bancorp | $96.53M | $24.70M |
| FRAF | Franklin Financial Services | $91.60M | $29.08M |
| CWBC | Community West Bancshares | $61.39M | $27.26M |
| GSBC | Great Southern Bancorp | $46.29M | $84.15M |
| HMNF | HMN Financial | $43.48M | $14.79M |
| LSBK | Lake Shore Bancorp | $36.39M | $9.49M |
| MGYR | Magyar Bancorp | $30.42M | $12.74M |
| HVBC | HV Bancorp | $25.74M | $6.58M |
| HFBL | Home Federal Bancorp, Inc. of Louisiana | $23.45M | $8.40M |
| OFED | Oconee 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 Q2 2024 was $59.67M, a 3.09% increase from the previous quarter (Q1 2024), and a 100.69% increase year-over-year (Q2 2023). The company'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). MCBS's quarterly revenue for Q4 2023 was $55.38M, a 104.70% increase from the previous quarter (Q3 2023), and a 1238.40% increase year-over-year (Q4 2022).
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.