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MetroCity Bankshares Rises Following Q2 Results
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MetroCity Bankshares Rises Following Q2 Results
Jul 19, 2024 12:39 PM

03:18 PM EDT, 07/19/2024 (MT Newswires) -- MetroCity Bankshares ( MCBS ) shares were up over 3% in recent Friday trading after the company reported its Q2 earnings.

Diluted earnings during the quarter were $0.66 per share, up from $0.51 per share.

One analyst polled by S&P Capital IQ estimated $0.59.

Revenue for the quarter ended June 30, expressed as the sum of net interest income and total noninterest income, was $36.3 million, down from $29.7 million a year earlier.

One analyst polled by S&P Capital IQ estimated $34.1 million.

Price: 29.70, Change: +0.98, Percent Change: +3.41

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