MetroCity Bankshares Q3 2024 GAAP EPS $0.65, Inline, Sales $36.904M Beat $36.200M Estimate
Portfolio Pulse from Benzinga Newsdesk
MetroCity Bankshares reported Q3 2024 earnings per share of $0.65, meeting analyst expectations. The company's sales were $36.904 million, surpassing the $36.200 million estimate and marking a 36.40% increase from the previous year.
October 18, 2024 | 2:15 pm
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MetroCity Bankshares reported Q3 2024 earnings per share of $0.65, meeting analyst expectations. The company's sales were $36.904 million, surpassing the $36.200 million estimate and marking a 36.40% increase from the previous year.
The earnings per share met expectations, which is neutral, but the sales beat the estimates and showed significant year-over-year growth, which is positive. This combination is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100