MetroCity Bankshares, Inc. Annual Interest Expense in USD from 2017 to 2023

Taxonomy & unit
us-gaap: USD
Description
Amount of the cost of borrowed funds accounted for as interest expense.
Summary
MetroCity Bankshares, Inc. quarterly/annual Interest Expense history and growth rate from 2017 to 2023.
  • MetroCity Bankshares, Inc. Interest Expense for the quarter ending June 30, 2024 was $23.4M, a 3.93% increase year-over-year.
  • MetroCity Bankshares, Inc. Interest Expense for the twelve months ending June 30, 2024 was $97.8M, a 48.7% increase year-over-year.
  • MetroCity Bankshares, Inc. annual Interest Expense for 2023 was $91.3M, a 231% increase from 2022.
  • MetroCity Bankshares, Inc. annual Interest Expense for 2022 was $27.6M, a 504% increase from 2021.
  • MetroCity Bankshares, Inc. annual Interest Expense for 2021 was $4.57M, a 60.2% decline from 2020.
Interest Expense, Trailing 12 Months (USD)
Interest Expense, Annual (USD)
Interest Expense, YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date Report Filed
2023 $91.3M +$63.7M +231% Jan 1, 2023 Dec 31, 2023 10-K 2024-03-11
2022 $27.6M +$23M +504% Jan 1, 2022 Dec 31, 2022 10-K 2024-03-11
2021 $4.57M -$6.92M -60.2% Jan 1, 2021 Dec 31, 2021 10-K 2024-03-11
2020 $11.5M -$10.7M -48.3% Jan 1, 2020 Dec 31, 2020 10-K 2023-03-10
2019 $22.2M +$7.56M +51.5% Jan 1, 2019 Dec 31, 2019 10-K 2022-03-11
2018 $14.7M +$6.06M +70.3% Jan 1, 2018 Dec 31, 2018 10-K 2021-03-15
2017 $8.62M Jan 1, 2017 Dec 31, 2017 10-K 2020-03-19
* An asterisk sign (*) next to the value indicates that the value is likely invalid.