The historical rank and industry rank for MetroCity Bankshares's Pretax Margin % or its related term are showing as below:
MCBS'
s Pretax Margin % Range Over the Past 10 Years
Min: 53.31 Med: 60.64 Max: 67.73
Current: 59.81
MCBS's Pretax Margin % is ranked better than 92.33% of 1461
companies
in the Banks industry
Industry Median: 32.76
vs MCBS: 59.81
MetroCity Bankshares Pretax Margin % Historical Data
The historical data trend for MetroCity Bankshares's Pretax Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of MetroCity Bankshares's Pretax Margin %
For the Banks - Regional subindustry, MetroCity Bankshares's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
MetroCity Bankshares's Pretax Margin % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, MetroCity Bankshares's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where MetroCity Bankshares's Pretax Margin % falls into.
MetroCity Bankshares Pretax Margin % Calculation
Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.
MetroCity Bankshares's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
MetroCity Bankshares Pretax Margin % Related Terms
Thank you for viewing the detailed overview of MetroCity Bankshares's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
MetroCity Bankshares (MetroCity Bankshares) Business Description
MetroCity Bankshares Inc is a holding company of its subsidiary Metro City Bank. It provides commercial banking services such as consumer and commercial checking accounts, savings accounts, certificates of deposits, commercial and consumer loans, money transfers and a variety of other banking services. The banks generate revenue from interest income. Its customers include small business owners, professionals, consumers, and real estate developers.
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