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MetroCity Bankshares, Inc. Announces Share Repurchase Program


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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 ). ....

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MetroCity Bankshares, Inc. Reports Earnings For Fourth Quarter And Year Ended 2020


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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. ....

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