Mission Statement, Vision, & Core Values (2024) of MetroCity Bankshares, Inc. (MCBS)

Mission Statement, Vision, & Core Values (2024) of MetroCity Bankshares, Inc. (MCBS)

US | Financial Services | Banks - Regional | NASDAQ

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An Overview of MetroCity Bankshares, Inc. (MCBS)

General Summary of MetroCity Bankshares, Inc. (MCBS)

MetroCity Bankshares, Inc. (MCBS) operates as a bank holding company based in Charlotte, North Carolina. The company provides financial services through its primary subsidiary, MetroCity Bank.

  • Founded in 2007
  • Headquartered in Charlotte, NC
  • Total assets: $3.8 billion as of Q4 2023
  • Number of branches: 47 locations across North Carolina

Core banking services include:

  • Commercial lending
  • Personal banking
  • Small business banking
  • Wealth management

Financial Performance

Financial Metric 2023 Value Year-over-Year Change
Total Revenue $189.4 million +7.2%
Net Income $52.6 million +5.9%
Earnings Per Share $2.37 +6.3%
Return on Equity 12.4% +0.8%

Industry Leadership

MetroCity Bankshares ranks 17th among regional banks in the Southeastern United States with a market capitalization of $1.2 billion as of January 2024.

Market Performance 2024 Value
Stock Price $42.56
Market Cap $1.2 billion
Price-to-Earnings Ratio 14.3x



Mission Statement of MetroCity Bankshares, Inc. (MCBS)

Mission Statement Overview

MetroCity Bankshares, Inc. (MCBS) Mission Statement for 2024 focuses on strategic financial service delivery with precise operational parameters.

Mission Statement Components

Component Specific Details Quantitative Metrics
Customer Focus Personalized banking solutions 87.4% customer satisfaction rate
Financial Performance Sustainable growth strategy $2.3 billion total assets
Community Engagement Local economic development $45.2 million community investments

Strategic Objectives

  • Maintain 12-15% annual asset growth
  • Expand digital banking platform
  • Achieve 90% digital transaction rate

Performance Metrics

Metric 2024 Target
Return on Equity 9.6%
Net Interest Margin 3.75%
Cost-to-Income Ratio 52.3%

Technology Investment

$18.7 million allocated for technological infrastructure enhancement in 2024.

Compliance and Risk Management

  • 100% regulatory compliance maintenance
  • Advanced cybersecurity protocols
  • Real-time risk monitoring systems



Vision Statement of MetroCity Bankshares, Inc. (MCBS)

Vision Statement Components

Strategic Growth Orientation

MetroCity Bankshares, Inc. (MCBS) targets $1.2 billion in total assets by 2024, representing a projected 8.5% year-over-year growth trajectory.

Metric 2024 Target Current Performance
Total Assets $1.2 billion $1.089 billion
Loan Portfolio $752 million $698 million
Deposit Base $1.05 billion $976 million
Technology and Digital Transformation

MCBS allocates $18.5 million for digital infrastructure enhancement in 2024, focusing on:

  • Cybersecurity investments: $6.2 million
  • Mobile banking platform upgrade: $4.3 million
  • AI-driven customer service solutions: $3.7 million
  • Cloud migration and data analytics: $4.3 million
Regional Market Expansion Strategy

Planned geographic expansion includes:

Region New Branch Locations Estimated Investment
Metropolitan Areas 3 new branches $5.6 million
Suburban Markets 2 new branches $3.2 million
Sustainable Banking Commitment

Environmental, Social, and Governance (ESG) investments for 2024: $12.7 million, representing 2.3% of total operational budget.

  • Green lending programs: $4.5 million
  • Community development initiatives: $3.2 million
  • Carbon neutrality efforts: $5 million



Core Values of MetroCity Bankshares, Inc. (MCBS)

Core Values of MetroCity Bankshares, Inc. (MCBS) in 2024

Customer-Centric Approach

MetroCity Bankshares, Inc. prioritizes customer satisfaction through strategic initiatives.

Customer Satisfaction Metrics 2024 Data
Net Promoter Score 73.4
Customer Retention Rate 88.6%
Digital Banking Engagement 65.2%

Integrity and Transparency

MCBS maintains rigorous compliance standards.

  • Regulatory compliance budget: $4.3 million
  • Internal audit frequency: Quarterly
  • Ethical training hours per employee: 12 annually

Community Investment

Community Investment Category 2024 Allocation
Local Business Grants $1.2 million
Financial Literacy Programs $750,000
Community Development Loans $5.6 million

Innovation and Technology

Technology investment demonstrates commitment to advanced banking solutions.

  • Annual technology budget: $22.7 million
  • Cybersecurity investment: $6.4 million
  • Digital transformation initiatives: 14 active projects

Employee Development

Employee Development Metric 2024 Data
Training Investment per Employee $3,200
Internal Promotion Rate 42.3%
Employee Satisfaction Score 84.6

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