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MetroCity Bankshares Q2 Profit Rises 29%
(RTTNews) - MetroCity Bankshares, Inc. (MCBS), holding company for Metro City Bank, reported Friday that net income for the second quarter grew to $16.94 million or $0.66 per share from $13.11 million or $0.51 per share in the prior-year quarter.
Net interest income increased to $30.71 million from $24.97 million a year ago, and noninterest income grew to $5.56 million from $4.69 million last year.
On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.59 per share on revenues of $34.1 million for the quarter. Analysts' estimates typically exclude special items.
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MetroCity Bankshares Q3 Profit Declines
MetroCity Bankshares, Inc. (MCBS), holding company for Metro City Bank, reported Friday that net income for the third quarter declined to $11.43 million or $0.45 per share from $16.89 million or $0.66 per share in the prior-year quarter.
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vor 578 Tagen
Japan Exports Growth Softens On Higher Trade Tariffs
Japan's exports grew at a slower pace in April largely due to the higher tariffs imposed by the US administration, official data revealed Wednesday. Exports climbed 2.0 percent on a yearly basis in April, slower than the 4.0 percent increase in March, the Ministry of Finance reported. Exports have been rising since last September and the latest growth matched economists' expectations.
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vor 1Std 11 Minuten
European Shares May Struggle At Open
European stocks are seen opening little changed on Wednesday, with U.S. fiscal concerns, geopolitical tensions and the Fed outlook likely to be in focus.
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vor 2Std 5 Minuten
European Economic News Preview: UK Inflation Data Due
Consumer price data from the UK is the only major report due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics publishes UK consumer prices for April. Consumer price inflation is forecast to rise to 3.3 percent from 2.6 percent in March.
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vor 2Std 19 Minuten
Swiss Franc Rises Against Majors
The Swiss franc strengthened against other major currencies in the Asian session on Wednesday.
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vor 2Std 30 Minuten
U.S. Dollar Falls Against Majors
The U.S. dollar weakened against other major currencies in the Asian session on Wednesday.
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vor 2Std 55 Minuten
Sensex, Nifty Marginally Higher In Lackluster Trade
Indian shares were modestly higher in early trade on Wednesday, after having suffered heavy losses in the previous session amid rising geopolitical tensions, growing concerns over U.S. debt and a spike in Covid-19 cases in Southeast Asia.
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vor 3Std 33 Minuten
Australian Market Extends Early Gains In Mid-market
The Australian stock market is extending its early gains in mid-market moves on Wednesday, adding the gains in the previous session, with the benchmark S&P/ASX 200 staying just below the 8,400 level, despite the broadly negative cues from Wall Street overnight, with gains in mining, financial and energy stocks partially offset by weakness in technology stocks.
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vor 4Std 12 Minuten
