MetroCity Bankshares (MCBS)

Net assets on the balance sheet as of June 2024 : A$0.62 Billion

According to MetroCity Bankshares's latest financial reports the company has A$0.62 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

MetroCity Bankshares - Net assets on balance sheet (from 2015 to 2024)

Net assets by year

Year	Net assets	Change
2023-12-31	$A$0.55 B	9.06%
2022-12-31	$A$0.51 B	28.27%
2021-12-31	$A$0.40 B	25.73%
2020-12-31	$A$0.31 B	2.86%
2019-12-31	$A$0.30 B	29.33%
2018-12-31	$A$0.23 B	38.29%
2017-12-31	$A$0.17 B	16.31%
2016-12-31	$A$0.14 B	21.04%
2015-12-31	$A$0.12 B

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Northeast Bank NBN	A$0.58 B	-7.51%	🇺🇸 USA
National Bank Holdings NBHC	A$1.99 B	217.27%	🇺🇸 USA

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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MetroCity Bankshares (MCBS) - Net assets

Net assets on the balance sheet as of June 2024 : A$0.62 Billion