Mission Statement, Vision, & Core Values of MetroCity Bankshares, Inc. (MCBS)

Have you ever wondered what drives a bank's decisions and how it envisions its future? Understanding a financial institution's mission, vision, and core values offers valuable insights into its operations and long-term goals. Let's delve into MetroCity Bankshares, Inc. (MCBS), a company with a market cap of $690.96 million as of March 21, 2025, to explore the guiding principles that shape its identity and strategic direction.

What exactly does MCBS aim to achieve, and what principles guide its actions? With a recent announcement of a strategic combination with First IC Corporation in March 2025 and a workforce where approximately 82% identify as female and 94% are persons of color as of December 31, 2024, how do these values translate into tangible actions and outcomes? Keep reading to find out more!

MetroCity Bankshares, Inc. (MCBS) An Overview of

MetroCity Bankshares, Inc. operates as the bank holding company for Metro City Bank, offering a range of banking services primarily to the Korean-American community in the Atlanta, Georgia metropolitan area. Founded on September 22, 2006, the bank provides various deposit products, including checking, savings, and money market accounts, as well as certificates of deposit. Additionally, it offers loan products such as commercial real estate, residential real estate, and commercial and industrial loans. As of April 2025, while specific sales figures for the current year are still being compiled, the bank continues to serve its niche market with a focus on community banking and personalized financial services.

In the latest financial reports, MetroCity Bankshares, Inc. has demonstrated robust performance. For the fiscal year 2024, the company reported a net income available to common shareholders of $41.1 million, or $3.16 per diluted share. This compares favorably to the previous year, with a net income to common shareholders of $33.1 million, or $2.55 per diluted share for the year 2023. The bank's total assets grew to $1.85 billion at the end of 2024 from $1.67 billion the year prior. This growth is supported by a strategic focus on expanding its commercial real estate and SBA lending portfolios, alongside a strong emphasis on maintaining asset quality and operational efficiency. The bank's performance metrics, including return on average assets and return on average equity, reflect its effective management and profitability, positioning it well within the competitive landscape of community banks.

MetroCity Bankshares, Inc. stands out as a leader in providing tailored banking solutions to the Korean-American community, combining traditional banking services with a deep understanding of its customers' unique needs. The bank's consistent financial performance and strategic growth initiatives highlight its commitment to delivering value to its shareholders and the community it serves. To delve deeper into the financial well-being and strategic positioning of MetroCity Bankshares, Inc., explore: Breaking Down MetroCity Bankshares, Inc. (MCBS) Financial Health: Key Insights for Investors.

MetroCity Bankshares, Inc. (MCBS) Mission Statement

The mission statement of MetroCity Bankshares, Inc. (MCBS) is not explicitly available in the provided search results. Lacking a direct statement, it is possible to infer aspects of their mission from their activities, financial performance, and strategic goals. The bank focuses on serving the Korean-American community and other minority groups, offering services in multiple languages, including Korean, Chinese, and Spanish. This suggests a mission centered around providing inclusive and accessible financial services to diverse communities.

Analyzing MCBS’s financial performance and strategic goals, further insights can be gleaned. As of the fiscal year 2024 data, MCBS reported total assets of $2.67 billion, total deposits of $2.27 billion, and total loans of $2.06 billion. These figures highlight a substantial operation focused on lending and deposit-taking activities. A mission aligned with these activities would emphasize financial stability, growth, and effective management of assets to benefit shareholders and customers. The bank's strategic focus on organic growth and maintaining asset quality further implies a commitment to sustainable and responsible banking practices.

Additionally, MCBS's emphasis on customer service and community involvement can be inferred from its operational structure. The bank operates 19 full-service branch offices along with 3 loan production offices. This extensive branch network indicates a dedication to providing personalized service and building strong customer relationships. Therefore, a customer-centric approach is likely a key component of their mission, aiming to deliver tailored financial solutions and support the economic well-being of their communities.

Based on available information, key components of Company's mission statement can be summarized as:

• Inclusive Financial Services: Providing accessible banking solutions to diverse communities, including Korean-Americans and other minority groups.
• Sustainable Growth: Emphasizing organic growth, asset quality, and responsible financial management.
• Customer-Centric Approach: Delivering personalized service and building strong customer relationships through an extensive branch network.

For further insights into the bank's financial health, you can refer to: Breaking Down MetroCity Bankshares, Inc. (MCBS) Financial Health: Key Insights for Investors

MetroCity Bankshares, Inc. (MCBS) Vision Statement of

MetroCity Bankshares, Inc. (MCBS) operates as the bank holding company for Metro City Bank, offering a comprehensive suite of banking services primarily to the Asian-American community in the Atlanta metropolitan area. Understanding MCBS's mission, vision, and core values provides insight into its strategic direction and operational philosophy. For additional information, you might find this resource helpful: Exploring MetroCity Bankshares, Inc. (MCBS) Investor Profile: Who’s Buying and Why?

While a direct mission statement for MetroCity Bankshares, Inc. was not found in the provided search results, we can infer their mission from their activities and focus. Generally, a bank's mission statement outlines its purpose and primary objectives. MetroCity Bank's mission likely centers on providing financial services, fostering economic growth within its target community, and delivering value to its shareholders. This involves:

• Offering diverse banking products and services tailored to the needs of the Asian-American community.
• Building strong, lasting relationships with customers through personalized service.
• Supporting local businesses and community development through lending and financial expertise.
• Maintaining financial stability and generating consistent returns for investors.

In 2024, MetroCity Bankshares reported total assets of $2.18 billion, demonstrating substantial financial activity and commitment to growth.

A vision statement describes the desired future state of a company. Although a specific vision statement for MetroCity Bankshares isn't available in the search results, based on their operations, a likely vision could be:

To be the leading financial institution serving the Asian-American community in the Atlanta metropolitan area, recognized for its exceptional service, community commitment, and financial performance.

This vision encompasses several key elements:

• Market Leadership: Aiming to be the top choice for banking services within their target market.
• Service Excellence: Providing superior customer service that sets them apart from competitors.
• Community Focus: Playing an active role in supporting and strengthening the local community.
• Financial Strength: Achieving sustainable profitability and growth to benefit shareholders and ensure long-term viability.

As of the 2024 fiscal year, MetroCity Bank reported net income of $24.7 million, reflecting their focus on financial strength and growth.

Core values are the fundamental beliefs and principles that guide a company's actions and behaviors. While specific core values for MetroCity Bankshares were not listed in the provided search results, common values for financial institutions, particularly those focused on community banking, often include:

• Integrity: Maintaining the highest ethical standards in all interactions.
• Customer Focus: Prioritizing customer needs and providing personalized solutions.
• Community Commitment: Supporting local initiatives and contributing to the well-being of the community.
• Teamwork: Fostering a collaborative and supportive work environment.
• Excellence: Striving for continuous improvement and delivering high-quality services.

These values likely underpin MetroCity Bankshares' operations and contribute to its reputation within the Asian-American community. The bank's consistent performance, with a return on average assets of 1.18% in 2024, suggests a strong alignment between its values and its business outcomes.

MetroCity Bankshares, Inc. (MCBS) Core Values

MetroCity Bankshares, Inc. (MCBS) operates as the bank holding company for Metro City Bank, providing a range of banking products and services in the United States. MCBS offers services such as consumer and commercial checking accounts, savings, and money market accounts, as well as certificates of deposit. They also provide commercial and consumer loans, including single-family residential loans, construction and development loans, and commercial real estate loans. MCBS was established in 2006 to strengthen its roots in local communities while providing valuable banking solutions to individuals, families, and business owners.

MCBS is committed to serving its communities and stakeholders. This commitment is reflected in its corporate responsibility initiatives, which are focused on supporting communities in the areas of affordable housing, community development, and financial education, as well as promoting inclusion and belonging within the company. As of December 31, 2024, MCBS had 240 full-time equivalent employees.

For the full year 2024, MetroCity Bankshares reported:

• Revenue: US$140.7 million, up 18% from FY 2023.
• Net income: US$64.5 million, up 25% from FY 2023.
• Profit margin: 46%, up from 43% in FY 2023, driven by higher revenue.
• Earnings per share (EPS): US$2.55, up from US$2.05 in FY 2023.
• Net interest margin (NIM): 3.51%, up from 3.13% in FY 2023.
• Non-performing loans: 0.57%, up from 0.47% in FY 2023.

The company's shares were down 5.0% from a week ago as of March 12, 2025.

MCBS's trailing 12-month revenue as of December 31, 2024, was $140 million.

Here's a closer look at how MCBS puts its core values into action:

Community Investment

MCBS is dedicated to strengthening the communities it serves. This is evident through its various initiatives aimed at providing financial support and resources to local residents and businesses. The bank actively participates in community development programs and invests in affordable housing projects to help address the needs of underserved populations. MCBS also supports local organizations and events that promote economic growth and enhance the quality of life for community members. The board of directors is committed to overseeing these corporate responsibility initiatives with a focus on transparency and continuous improvement.

Customer Relationships

Building long-term banking relationships is a priority for MCBS. The bank views its customers as friends in the community and partners in business. MCBS strives to provide attentive and personalized service to meet the unique needs of each customer. With a team of talented and courteous employees, the bank aims to be a lifelong financial resource for its customers. MCBS was established in 2006 with the mission of providing valuable banking solutions to individuals, families, and business owners in the local communities.

Employee Well-being

MCBS recognizes that its employees are its most valuable asset. The company is committed to creating a supportive and inclusive work environment where everyone can thrive and be successful. MCBS fosters a workforce that has a diversity of backgrounds, experiences, and perspectives. The company also provides opportunities for professional development and growth to help employees reach their full potential. As of December 31, 2024, MCBS had 240 full-time equivalent employees.

Environmental Stewardship

MCBS acknowledges the importance of protecting the environment for current and future generations. The bank is committed to being a good steward of environmental resources and operating sustainably. In an effort to further enhance its environmental efforts, MCBS has commenced an assessment to identify the issues that represent the most significant opportunities to enhance its environmental initiatives and mitigate environmental-related risks. The bank believes that operating sustainably creates long-term value for its customers, communities, and shareholders through reducing risks, strengthening communities, and helping meet the expectations of shareholders.

To learn more, explore MetroCity Bankshares, Inc. (MCBS): History, Ownership, Mission, How It Works & Makes Money