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ATLANTA, April 23, 2021 /PRNewswire/ MetroCity Bankshares, Inc. (the Company ) (NASDAQ: MCBS), the holding company for Metro City Bank, announced today that its board of directors has adopted a share repurchase program for the 2021 calendar year. Under the repurchase program, the Company may repurchase up to 1,000,000 shares of its current outstanding shares of common stock.
The repurchase program permits shares to be repurchased in open market or private transactions, through block trades, and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 and Rule 10b-18 of the Securities and Exchange Commission ( SEC ).
Weekly Summary Corporate dividends, name changes, new listings
by The Associated Press
Last Updated Jan 22, 2021 at 3:28 pm EDT
NEW YORK Changes announced in corporate dividends Jan. 18-Jan. 22.
INCREASED DIVIDENDS
Alliant Energy .4025 from .38
Artesian Resources .2571 from .2283
BlackRock 4.13 from 3.63
Cintas .75 from .70
CMS Energy .4350 from .4075
Consolidated Edison .7750 from .7650
Enterprise Bancorp .185 from .175
Fastenal Co .28 from .25
First Busey .23 from .22
Flagstar Bancorp .06 from .05
Gladstone Land .04495 from .04490
JB Hunt Transport Svcs .28 from .27
Kaiser Aluminum .72 from .67
Lakeland Finanial .34 from .30
MetroCity Bankshares .10 from .09
Monmouth Real Estate Inv Cl A .18 from .17
NRG Energy .3250 from .30
ONE Gas .58 from .54
Orrstown Finl Services .18 from .17
Pinnacle Finl Parnters .18 from .16
Shutterstock .21 from .17
REDUCED DIVIDENDS
OTHER CORPORATE NEWS AND LISTINGS:
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ATLANTA, Jan. 22, 2021 /PRNewswire/ MetroCity Bankshares, Inc. ( MetroCity or the Company ) (NASDAQ: MCBS), holding company for Metro City Bank (the Bank ), today reported net income of $9.5 million, or $0.37 per diluted share, for the fourth quarter of 2020, compared to $9.4 million, or $0.36 per diluted share, for the third quarter of 2020, and $10.7 million, or $0.42 per diluted share, for the fourth quarter of 2019. For the year ended December 31, 2020, the Company reported net income of $36.4 million, or $1.41 per diluted share, compared to $44.7 million, or $1.81 per diluted share, for the year ended December 31, 2019.
Fourth Quarter 2020 Highlights:
Annualized return on average assets was 2.14%, compared to 2.20% for the third quarter of 2020 and 2.57% for the fourth quarter of 2019.