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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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678 days ago
Hong Kong Shares May Stop The Bleeding On Friday
The Hong Kong stock market has finished lower in three straight sessions, tumbling almost 830 points or 3.3 percent along the way. The Hang Seng Index now rests just beneath the 25,000-point plateau although it may find traction on Friday.
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5 minutes ago
Higher Open Called For China Stock Market
The China stock market on Thursday snapped the two-day losing streak in which it had stumbled more than 80 points or 2.1 percent. The Shanghai Composite Index now sits just above the 3,840-point plateau and it's expected to see additional support on Friday.
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20 minutes ago
Rebound Anticipated For Taiwan Stock Market
The Taiwan stock market on Thursday wrote a finish to the three-day winning streak in which it had jumped more than 750 points or 3.1 percent. The Taiwan Stock Exchange now rests just beneath the 24,230-point plateau although it figures to bounce higher again on Friday.
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50 minutes ago
Japan Retail Sales Add 0.3% In July
The value of retail sales in Japan was up a seasonally adjusted 0.3 percent on month in July, the Ministry of Economy, Trade and Industry said on Friday - coming in at 13.335 trillion yen.
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1h 17min ago
Singapore Stock Market May Add To Its Winnings On Friday
The Singapore stock market has finished higher in consecutive trading days, gathering more than 10 points or 0.25 percent in that span. The Straits Times Index now sits just above the 4,250-point plateau see additional support on Friday.
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1h 20min ago
Japan Industrial Output Sinks 1.6% In July
Industrial production in Japan was down a seasonally adjusted1.6 percent on month in July, the Ministry of Economy, Trade and Industry said on Friday.
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1h 22min ago
Japan Jobless Rate Falls To 2.3% In July
The unemployment rate in Japan came in at a seasonally adjusted 2.3 percent in July, the Ministry of Internal Affairs and Communications said on Friday.
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1h 39min ago
