MetroCity Bankshares, Inc. Earnings Per Share Disclosure
NOTE 15 – EARNINGS PER SHARE
The following table presents the calculation of basic and diluted earnings per common share for the periods indicated:
| Year Ended December 31, | ||||||||
(Dollars in thousands except per share data) | | 2025 | | 2024 | | 2023 | |||
Basic earnings per share | |||||||||
Net Income | $ | 68,532 | $ | 64,504 | $ | 51,613 | |||
Weighted average common shares outstanding |
| 25,733,733 |
| 25,283,345 |
| 25,205,489 | |||
Basic earnings per common share | $ | 2.66 | $ | 2.55 | $ | 2.05 | |||
Diluted earnings per share | |||||||||
Net Income | $ | 68,532 | $ | 64,504 | $ | 51,613 | |||
Weighted average common shares outstanding for basic earnings per common share |
| 25,733,733 |
| 25,283,345 |
| 25,205,489 | |||
Add: Dilutive effects of restricted stock and options |
| 271,849 |
| 298,776 |
| 313,027 | |||
Average shares and dilutive potential common shares |
| 26,005,582 |
| 25,582,121 |
| 25,518,516 | |||
Diluted earnings per common share | $ | 2.64 | $ | 2.52 | $ | 2.02 | |||
There were no stock options or restricted stock excluded from the computation of diluted earnings per common share since they were antidilutive for the years ended December 31, 2025, 2024 and 2023.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 16, 2026 | Showing above |
| 2024 | Mar 10, 2025 | |
| 2023 | Mar 11, 2024 | |
| 2022 | Mar 10, 2023 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.