MetroCity Bankshares: Q3 Earnings Insights - MetroCity Bankshares (NASDAQ:MCBS)

MetroCity Bankshares MCBS reported its Q3 earnings results on Friday, October 21, 2022 at 09:58 AM.

Here's what investors need to know about the announcement.

MetroCity Bankshares reported in-line EPS of $0.66 versus an estimate of $0.66.

Revenue was down $2.83 million from the same period last year.

Last quarter the company missed on EPS by $0.09 which was followed by a 3.39% drop in the share price the next day.

Here's a look at MetroCity Bankshares's past performance:

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	0.72	0.69	0.66	0.61
EPS Actual	0.63	0.76	0.68	0.66
Revenue Estimate	37.15M	36.40M	36.85M	34.77M
Revenue Actual	34.87M	38.31M	37.11M	37.72M

Listen to the earnings announcement yourself by clicking here.

To track all earnings releases for MetroCity Bankshares visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.