MetroCorp Bancshares, Inc. (MCBI) [Rocket]

Overview

MetroCorp Bancshares, Inc. (MCBI)

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Recent News + Filings (All items)

Date Filed	Type	Description
02/14/2014	SC 13G/A	EJF Capital LLC reports a 4.7% stake in MetroCorp Bancshares, Inc.
02/14/2014	SC 13G	WELLINGTON MANAGEMENT GROUP LLP reports a 8.6% stake in MetroCorp Bancshares, Inc.
01/17/2014	8-K	Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Material Modifications t...
12/17/2013	8-K	Submission of Matters to a Vote of Security Holders
12/10/2013	425	Form 425 - Prospectuses and communications, business combinations
12/10/2013	DEFA14A	Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material:
12/10/2013	8-K	Other Events, Financial Statements and Exhibits

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-12	Dec-31-11	Dec-31-10	Dec-31-09	Dec-31-08	Dec-31-07	Dec-31-06	Dec-31-05
Revenues	70.2	65.0	55.1	46.8	46.1	62.0	60.5	47.7
Revenue growth	8.1%	18.0%	17.7%	1.5%	-25.7%	2.6%	26.8%	16.7%
Cost of goods sold	30.7	28.0	28.2	28.3	24.3	24.8	21.7	17.6
Gross profit	39.5	36.9	26.9	18.5	21.8	37.2	38.7	30.1
Gross margin	56.2%	56.9%	48.9%	39.5%	47.3%	60.0%	64.1%	63.2%
Selling, general and administrative	1.7	1.4	1.4	4.9	8.1	8.2	7.0	5.7
General and administrative	0.8	0.6	0.6
EBITA	-47.6	-53.6	-76.6	16.3	13.7	29.0	31.7	24.5
EBITA margin	-67.8%	-82.5%	-139.1%	34.8%	29.7%	46.8%	52.5%	51.3%
Amortization of intangibles	0.1	0.1	0.1	0.2
EBIT	-47.6	-53.6	-76.7	16.1	13.7	29.0	31.7	24.5
EBIT margin	-67.8%	-82.6%	-139.3%	34.4%	29.7%	46.8%	52.5%	51.3%
Pre-tax income	16.5	10.8	-1.3	-10.1	3.0	19.1	21.0	15.8
Income taxes	5.4	4.4	-0.4	-3.0	1.2	6.9	7.5	5.1
Tax rate	32.5%	40.5%	27.5%	29.7%	39.6%	36.3%	35.8%	31.9%
Net income	10.3	4.0	-3.3	-9.4	0.0	0.0	13.5	10.8
Net margin	14.6%	6.2%	-6.1%	-20.0%	0.0%	0.0%	22.3%	22.6%

Diluted EPS	$0.62	$0.30	($0.28)	($0.86)	$0.17	$1.10	$1.22	$0.98
Shares outstanding (diluted)	16.6	13.2	12.1	10.9	0.0	0.0	11.1	11.0

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.