← MetroCity Bankshares, Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | $31.9m |
$41.3m
+29.59%
|
$44.7m
+8.19%
|
$36.4m
-18.61%
|
$61.7m
+69.54%
|
$62.6m
+1.46%
|
$51.6m
-17.55%
|
$64.5m
+24.98%
|
$68.5m
+6.24%
|
$79.9m
+16.52%
|
|
| Depreciation, amortization and accretion | $593k | $899k | $2.7m | $2.9m | $2.8m | $3.9m | $2.7m | $3.0m | $3.5m | $1.0m | |
| Deferred income tax expense | ($134k) | $355k | $1.1m | ($1.9m) | ($3.1m) | ($3.0m) | $1.0m | $350k | $643k | $643k | |
| Increase in accrued interest receivable | ($988k) | ($201k) | ($144k) | ($5.6m) | ($381k) | ($2.1m) | ($2.0m) | ($733k) | ($1.7m) | — | |
| (Decrease) increase in accrued interest payable | $45k | $850k | ($361k) | ($668k) | ($18k) | $2.5m | $1.4m | ($635k) | ($1.1m) | — | |
| (Increase) decrease in other assets | ($3.7m) | $2.6m | $480k | ($2.9m) | $2.7m | ($7.7m) | ($2.3m) | $2.5m | ($1.4m) | — | |
| (Decrease) increase in other liabilities | $989k | $5.9m | $14.4m | $20.1m | ($10.4m) | ($22.0m) | $26.8m | ($4.7m) | ($18.6m) | — | |
| Net cash flow provided by operating activities | $151.8m |
($161.0m)
-206.05%
|
$32.2m
+120.00%
|
$142.6m
+342.74%
|
$65.4m
-54.10%
|
$134.7m
+105.85%
|
$82.1m
-39.05%
|
$63.5m
-22.65%
|
$37.7m
-40.63%
|
$82.1m
+117.67%
|
|
| Purchases of premises and equipment | ($5.9m) | ($2.9m) | ($1.1m) | ($537k) | ($384k) | ($2.4m) | ($4.9m) | ($1.3m) | ($674k) | — | |
| Net cash flow provided by (used by) investing activities | ($277.9m) | $109.4m | ($18.3m) | ($477.9m) | ($930.6m) | ($651.8m) | ($110.3m) | $5.9m | $126.8m | — | |
| Decrease in other borrowings, net | ($302k) | ($782k) | ($1.1m) | ($2.6m) | ($24k) | ($67k) | ($392k) | — | — | — | |
| Repurchase of common stock | — | — | ($1.5m) | — | ($5.5m) | ($8.2m) | ($2.0m) | ($10k) | ($2.7m) | — | |
| Dividends paid on common stock | ($5.4m) | ($9.3m) | ($10.4m) | ($10.3m) | ($11.8m) | ($15.3m) | ($18.2m) | ($21.1m) | ($24.8m) | ($28.7m) | |
| Common stock issued for First IC acquisition | — | — | — | — | — | — | — | — | $90.5m | — | |
| Net cash flow (used by) provided by financing activities | $155.4m |
$94.2m
-39.40%
|
$124.1m
+31.75%
|
$209.6m
+68.91%
|
$1.2b
+451.47%
|
$255.3m
-77.91%
|
($6.5m)
-102.55%
|
$35.7m
+648.07%
|
($30.7m)
-186.08%
|
— | |
| Cash and cash equivalents at beginning of period | $95.8m | $138.4m | $276.4m | $150.7m | $441.3m | $179.5m | $144.8m | $249.9m | $383.7m | — | |
| Additional Supplementary Disclosures | |||||||||||
| Additional Supplementary Disclosures | |||||||||||
| Provision for credit losses | — | — | — | — | $6.9m | ($2.8m) | ($15k) | $516k | ($318k) | — | |
| Stock based compensation expense | $718k | $1.5m | $1.5m | $1.8m | $1.4m | $1.9m | $2.4m | $2.6m | $2.9m | $2.9m | |
| Unrealized (gains) losses recognized on equity securities | — | — | — | — | $114k | $1.1m | ($35k) | $35k | ($346k) | — | |
| (Gain) loss on sale of foreclosed real estate | $8k | ($36k) | — | ($99k) | $108k | $15k | ($547k) | $59k | ($28k) | — | |
| Writedown of foreclosed real estate | — | — | — | $141k | — | — | $240k | $377k | — | — | |
| Gain on sale of residential mortgages | ($3.0m) | ($5.7m) | ($9.1m) | ($2.5m) | — | ($2.0m) | — | ($1.9m) | ($4.0m) | — | |
| Origination of SBA loans held for sale | ($85.9m) | ($121.0m) | ($121.3m) | ($137.4m) | ($127.1m) | ($32.1m) | ($73.0m) | ($74.0m) | ($50.0m) | — | |
| Proceeds from sales of SBA loans held for sale | $92.3m | $98.0m | $126.8m | $143.8m | $138.0m | $34.1m | $76.3m | $76.9m | $53.1m | — | |
| Gain on sale of SBA loans | ($6.3m) | ($4.6m) | ($5.4m) | ($6.5m) | ($11.0m) | ($2.1m) | ($3.3m) | ($2.9m) | ($2.3m) | — | |
| Increase in cash value of bank owned life insurance | ($510k) | ($478k) | ($470k) | ($587k) | ($1.1m) | ($1.7m) | ($1.8m) | ($2.3m) | ($2.5m) | — | |
| Decrease (increase) in SBA and USDA servicing rights | ($512k) | $920k | $258k | ($1.5m) | ($591k) | $3.1m | ($166k) | ($23k) | $524k | — | |
| (Increase) decrease in mortgage servicing rights | ($6.8m) | ($8.1m) | ($3.1m) | $5.1m | $5.2m | $3.8m | $2.7m | ($136k) | ($251k) | — | |
| (Increase) decrease in state tax credits | — | — | — | — | — | — | ($639k) | $1.6m | ($9.1m) | — | |
| Purchases of equity securities | — | — | — | — | ($11.5m) | — | — | — | ($8.0m) | — | |
| Proceeds from maturities, calls or paydowns of securities available for sale | $8.0m | $2.1m | $3.3m | $3.7m | $2.9m | $2.9m | $1.3m | $640k | $2.6m | — | |
| Purchase of Federal Home Loan Bank stock | ($867k) | $4.9m | ($2.7m) | ($2.3m) | ($13.6m) | $2.2m | ($353k) | ($2.4m) | ($2.4m) | — | |
| Proceeds from sales of residential real estate loans | $365.0m | $541.7m | $529.4m | $95.3m | — | $96.9m | — | $189.4m | $314.1m | — | |
| Increase in loans, net | — | — | ($17.8m) | ($474.3m) | ($875.7m) | ($646.6m) | ($110.4m) | ($181.7m) | ($190.4m) | — | |
| Proceeds from sales of foreclosed real estate owned | $133k | $907k | — | $1.5m | $986k | $41k | $4.1m | $1.3m | $2.4m | — | |
| Net cash acquired in First IC acquisition | — | — | — | — | — | — | — | — | $9.2m | — | |
| Premiums paid for interest rate caps | — | — | — | — | — | — | — | — | ($1.1m) | — | |
| (Decrease) increase in deposits, net | $149.1m | $224.2m | $63.1m | $172.5m | $783.1m | $403.8m | $64.1m | $5.9m | ($51.8m) | — | |
| Proceeds from Federal Home Loan Bank advances | $11.3m | ($120.0m) | $60.0m | $50.0m | $640.0m | $525.0m | $425.0m | $450.0m | $100.0m | — | |
| Repayments of Federal Home Loan Bank advances | — | — | ($90.0m) | ($20.0m) | ($250.0m) | ($650.0m) | ($475.0m) | ($400.0m) | ($50.0m) | — | |
| Exercise of stock options | $685k | — | — | — | — | — | — | $900k | — | — | |
| Stock issuance costs | — | — | — | — | — | — | — | — | ($272k) | — | |
| Net change in cash and cash equivalents | $29.3m | $42.6m | $138.0m | ($125.7m) | $290.7m | ($261.9m) | ($34.7m) | $105.1m | $133.8m | — | |
| Transfer of residential real estate loans to loans held for sale | — | — | — | — | — | $94.9m | $22.3m | $165.2m | $320.7m | — | |
| Transfer of loan principal to foreclosed real estate, net of write-downs | $387k | $261k | $423k | $4.9m | $868k | $766k | $940k | $661k | $2.2m | — | |
| Initial recognition of operating lease right-of-use assets | — | — | $13.6m | $131k | $560k | $1.8m | $1.6m | $1.1m | $2.9m | — | |
| Initial recognition of operating lease liabilities | — | — | $14.0m | $131k | $560k | $1.8m | $1.6m | $1.1m | $2.9m | — | |
| Fair value of assets acquired, net of cash acquired | — | — | — | — | — | — | — | — | $1.2b | — | |
| Fair value of liabilities assumed | — | — | — | — | — | — | — | — | $1.1b | — | |
| Interest | $8.6m | $13.8m | $22.6m | $12.2m | $4.6m | $25.1m | $89.6m | $95.4m | $91.4m | $103.6m | |
| Income taxes | $20.1m | $10.4m | $12.5m | $14.8m | $23.5m | $34.3m | $18.0m | $21.5m | $21.8m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.