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MetroCity Bankshares MCBS Transfer Of Loan Principal To Foreclosed Real Estate Net Of Write Downs

Transfer Of Loan Principal To Foreclosed Real Estate Net Of Write Downs at other companies

First Bancorp logo
First BancorpFBNC
$213K-57.0%
GBC
Glacier BancorpGBCI
$0-100%
Valley National Bank logo
Valley National BankVLY
$2.44M+251%
Popular logo
PopularBPOP
$32.18M+1.4%
Arbor Realty Trust logo
Arbor Realty TrustABR
$34.81M-51.7%
Origin Bancorp logo
Origin BancorpOBK
$48.5K

Other financials

Income statement

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Revenue$50.8M+41.2%
Net income$22.3M+36.9%
EPS (diluted)$0.77+22.2%

Balance sheet

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Cash & equivalents$387.6M+36.0%
Total debt$14.5M+82.3%
Total equity$554.2M+29.5%
Total assets$4.7B+28.1%

Cash flow

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Operating cash flow$45.8M+285%
CapEx-$733.0K-1,147%
Free cash flow$45.1M+281%

Valuation

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Market cap$1.01B+22.3%
Enterprise value$634.89M
P/E13.5×
P/S5.9×

Profitability

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Net margin43.7%-2.0pp
FCF margin41.6%

Returns & leverage

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Return on equity15.2%-0.9pp
Debt / equity0.0×

Where this comes from

Reported directly by MetroCity Bankshares in its filing.

Tagged under the XBRL concept mcbs:TransferOfLoanPrincipalToForeclosedRealEstateNetOfWriteDowns.

The official record: MetroCity Bankshares’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is MetroCity Bankshares's transfer of loan principal to foreclosed real estate net of write downs?
MetroCity Bankshares (MCBS) reported transfer of loan principal to foreclosed real estate net of write downs of $969K in Q1 2026.
How has MetroCity Bankshares's transfer of loan principal to foreclosed real estate net of write downs changed year-over-year?
MetroCity Bankshares's transfer of loan principal to foreclosed real estate net of write downs decreased by 24.3% year-over-year, from $1.28M to $969K.
What is the long-term trend for MetroCity Bankshares's transfer of loan principal to foreclosed real estate net of write downs?
Over 2 years (2022 to 2025), MetroCity Bankshares's transfer of loan principal to foreclosed real estate net of write downs has grown at a 69.4% compound annual growth rate (CAGR), from $766K to $2.2M.
What does transfer of loan principal to foreclosed real estate net of write downs mean?
This metric represents the carrying value of loan principal transferred to foreclosed real estate assets following a default. It serves as a key indicator of credit quality and the effectiveness of the bank's loan workout processes. High levels of these transfers suggest increasing asset quality deterioration within the loan portfolio.