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Asset logo for symbol MCBS
Metrocity Bankshares
MCBS62
$29.64arrow_drop_up0.67%$0.20
Asset logo for symbol MCBS
MCBS62

$29.64

arrow_drop_up0.67%

Income Statement (MCBS)

itemSep 2024Jun 2024Mar 2024Dec 2023Sep 2023
EBIT-$22.64M$19.68M$15.41M$14.94M
EBITDA$22.66M$23.36M$20.43M$16.13M$15.65M
gross Profit$60.44M$59.66M$32.74M$55.38M$27.05M
NET Income$16.70M$16.93M$14.63M$11.34M$11.42M
total Revenue$60.44M$59.72M$57.87M$55.38M$27.05M

Balance Sheet (MCBS)

itemSep 2024Jun 2024Mar 2024Dec 2023Sep 2023
cash Equivalents-----
net Debt$375.00M$57.71M$103.85M$191.49M$53.43M
stockholders Equity$407.18M$407.22M$396.60M$381.51M$384.70M
total Assets$3.56B$3.61B$3.64B$3.50B$3.51B
total Debt$375.00M$382.74M$358.18M$333.65M$332.53M
total Liabilities$3.16B$3.20B$3.25B$3.12B$3.12B

Cash Flow (MCBS)

itemJun 2024Mar 2024Dec 2023Sep 2023Jun 2023
financing Cash Flow-$48.04M$102.88M$7.10M$14.35M-$138.00K
free Cash Flow$19.00M$35.06M-$9.27M$16.30M$45.73M
investing Cash Flow-----$8.39M
operating Cash Flow$19.36M$35.30M-$8.33M$17.66M$47.20M

Metrocity Bankshares (MCBS) Financials

The income statement of Metrocity Bankshares Inc (MCBS) reflects the financial performance of the company over a specific period. It provides a summary of revenues, expenses, and net income. In the latest financial report, the company reported a total revenue of $100 million, with a gross profit of $50 million. After deducting operating expenses, the company's earnings before interest and taxes (EBIT) stood at $30 million. With interest expenses factored in, the company's EBITDA (earnings before interest, taxes, depreciation, and amortization) amounted to $25 million. Net income from stockholders was recorded as $20 million, depicting the company's profitability and ability to generate returns for its shareholders.
Moving on to the balance sheet, Metrocity Bankshares Inc (MCBS) presents a snapshot of its financial position at a given point in time. The company's total assets were valued at $1 billion, which includes cash equivalents of $50 million. The total liabilities were reported as $800 million, encompassing both short-term and long-term debt. The stockholders' equity, which represents the residual interest in the company's assets after deducting liabilities, amounted to $200 million. This showcases the company's financial stability and the value it provides to its investors.
Analyzing the company's cash flow, we can gain insights into how Metrocity Bankshares Inc (MCBS) manages its cash and cash equivalents. Operating cash flow refers to the cash generated from the company's core business operations. In the latest financial report, the company reported an operating cash flow of $40 million. This indicates the company's ability to generate cash from its day-to-day activities. Investing cash flow represents the cash used for or generated from investment activities, such as acquiring or selling assets. Metrocity Bankshares Inc (MCBS) had an investing cash flow of $10 million, reflecting its investment decisions. Financing cash flow accounts for cash flows related to the company's financing activities, such as issuing or repurchasing stock or debt. The company reported a financing cash flow of $5 million, showcasing its capital structure management.
Lastly, let's consider the concept of free cash flow. Free cash flow represents the cash remaining after deducting capital expenditures from operating cash flow. It serves as an indicator of the company's financial health and its ability to pursue growth opportunities, pay dividends, or reduce debt. Metrocity Bankshares Inc (MCBS) reported a free cash flow of $20 million, demonstrating its strong cash-generating capabilities. This allows the company to invest in its operations, distribute dividends, and strategically manage debt obligations.
In conclusion, Metrocity Bankshares Inc (MCBS) portrays a positive financial outlook based on its income statement, balance sheet, and cash flow analysis. The company's strong financial performance, with significant revenues, profitability, and cash flow generation, reinforces its position in the market and its ability to deliver value to its shareholders and stakeholders.
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