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MetroCity Bankshares (MetroCity Bankshares) Equity-to-Asset : 0.11 (As of Mar. 2024)


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What is MetroCity Bankshares Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. MetroCity Bankshares's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $396.6 Mil. MetroCity Bankshares's Total Assets for the quarter that ended in Mar. 2024 was $3,647.2 Mil. Therefore, MetroCity Bankshares's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.11.

The historical rank and industry rank for MetroCity Bankshares's Equity-to-Asset or its related term are showing as below:

MCBS' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.09   Med: 0.11   Max: 0.14
Current: 0.11

During the past 9 years, the highest Equity to Asset Ratio of MetroCity Bankshares was 0.14. The lowest was 0.09. And the median was 0.11.

MCBS's Equity-to-Asset is ranked better than
68.26% of 1468 companies
in the Banks industry
Industry Median: 0.09 vs MCBS: 0.11

MetroCity Bankshares Equity-to-Asset Historical Data

The historical data trend for MetroCity Bankshares's Equity-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

MetroCity Bankshares Equity-to-Asset Chart

MetroCity Bankshares Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only 0.13 0.13 0.09 0.10 0.11

MetroCity Bankshares Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.10 0.11 0.11 0.11 0.11

Competitive Comparison of MetroCity Bankshares's Equity-to-Asset

For the Banks - Regional subindustry, MetroCity Bankshares's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


MetroCity Bankshares's Equity-to-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, MetroCity Bankshares's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where MetroCity Bankshares's Equity-to-Asset falls into.



MetroCity Bankshares Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

MetroCity Bankshares's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )=Total Stockholders Equity/Total Assets
=381.517/3502.823
=0.11

MetroCity Bankshares's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Equity to Asset (Q: Mar. 2024 )=Total Stockholders Equity/Total Assets
=396.604/3647.219
=0.11

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


MetroCity Bankshares  (NAS:MCBS) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


MetroCity Bankshares Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of MetroCity Bankshares's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


MetroCity Bankshares (MetroCity Bankshares) Business Description

Traded in Other Exchanges
N/A
Address
5114 Buford Highway, Doraville, GA, USA, 30340
MetroCity Bankshares Inc is a holding company of its subsidiary Metro City Bank. It provides commercial banking services such as consumer and commercial checking accounts, savings accounts, certificates of deposits, commercial and consumer loans, money transfers and a variety of other banking services. The banks generate revenue from interest income. Its customers include small business owners, professionals, consumers, and real estate developers.
Executives
Nack Y Paek director, officer: Chief Executive Officer
William J. Hungeling director C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Sam Sang-koo Shim director C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Ajit A. Patel director C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Howard Hwasaeng Kim director, officer: Executive Vice President C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Farid Tan director, officer: President C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Feiying Lu director C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Don Leung director C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Frank S. Rhee director C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Young K. Park director C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Francis Lai director C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Frank Glover director C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Lucas Stewart officer: Chief Financial Officer C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
William M. Hungeling director C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Samuel Benton Gunter officer: Executive VP and CAO C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340