Welcome to our dedicated page for Metrocity Bankshares news (Ticker: MCBS), a resource for investors and traders seeking the latest updates and insights on Metrocity Bankshares stock.
MetroCity Bankshares, Inc. (NASDAQ: MCBS) is the bank holding company for Metro City Bank, a Georgia state-chartered bank headquartered in Doraville, Georgia. This news page aggregates company-issued press releases and other coverage related to MetroCity’s operations as a commercial bank, its financial performance, and its corporate actions.
Recent MetroCity news has focused on quarterly earnings announcements, cash dividend declarations, share repurchase program authorizations, and the strategic combination with First IC Corporation. Earnings releases provide detail on net income, net interest income, net interest margin, noninterest income and expense, loan and deposit trends, and asset quality metrics. Dividend and repurchase announcements describe how the board of directors is managing capital and returning value to shareholders.
MetroCity’s news flow also includes updates on its merger and acquisition activity. In 2025, MetroCity and First IC Corporation announced a definitive merger agreement, followed by regulatory and shareholder approvals, an expected closing timeline, and a subsequent release confirming completion of the acquisition of First IC Corporation and First IC Bank. These releases describe the combined company’s approximate asset size, loan and deposit balances, and expanded branch network across Alabama, California, Florida, Georgia, New Jersey, New York, Texas and Virginia.
Investors and observers can use this page to review MetroCity’s historical press releases on earnings for various quarters, details on its interest rate derivatives and balance sheet composition, as well as official communications filed in connection with material events. For ongoing research on MCBS, this news feed offers a centralized view of the company’s reported financial results, strategic transactions and board-level decisions.
MetroCity Bankshares (NASDAQ: MCBS) reported net income of $18.3M in Q4 2025 and $68.7M for full-year 2025, driven by loan and deposit growth largely from the Dec 1, 2025 acquisition of First IC. Net interest margin rose to 3.73% while efficiency ratio widened to 46.7%.
Q4 loans held for investment increased 36.6% sequentially to $4.1B and total deposits rose 35.4% to $3.65B, including acquisition balances; adjusted ROE was 17.83% for Q4.
MetroCity Bankshares (NASDAQ: MCBS) declared a quarterly cash dividend of $0.25 per share. The dividend is payable on February 13, 2026 to shareholders of record as of February 4, 2026.
MetroCity Bankshares (NASDAQ: MCBS) completed its acquisition of First IC Corporation effective after the close of business on December 1, 2025. The combined company now reports approximately $4.8 billion in total assets, $4.0 billion in total loans, and $3.6 billion in total deposits, and operates 30 full-service branches plus 2 loan production offices across Alabama, California, Florida, Georgia, New Jersey, New York, Texas, and Virginia.
Transaction advisors included Hillworth Bank Partners and Hunton Andrews Kurth LLP for MetroCity, and Stephens Inc. and Alston & Bird LLP for First IC.
MetroCity Bankshares (NASDAQ: MCBS) and First IC Corporation (OTCEM: FIEB) announced the merger is expected to close on December 1, 2025, subject to satisfaction or waiver of remaining customary closing conditions.
Both firms previously received required regulatory approvals and First IC shareholder approval. Financial advisors Hillworth Bank Partners and Stephens Inc. provided fairness opinions to their respective boards. Hunton Andrews Kurth LLP served as legal counsel to MetroCity and Alston & Bird LLP to First IC.
MetroCity Bankshares (NASDAQ: MCBS) reported Q3 2025 net income of $17.3M ($0.67 diluted), up from $16.8M in Q2 2025 and $16.7M in Q3 2024. YTD net income was $50.4M for nine months ended Sept 30, 2025, up 4.4% year-over-year.
Key metrics: ROA 1.89%, ROE 15.69% (16.17% ex-AOCI/merger costs), efficiency ratio 38.7%, and net interest margin 3.68%. Loans (incl. held for sale) rose $71.6M to $3.20B. Company disclosed regulatory approvals and shareholder vote for the First IC merger, expected to close later in Q4 2025, subject to customary closing conditions.
MetroCity Bankshares (NASDAQ: MCBS) declared a quarterly cash dividend of $0.25 per share. The dividend is payable on November 7, 2025 to shareholders of record as of October 29, 2025.
MetroCity Bankshares (NASDAQ: MCBS) reported Q2 2025 net income of $16.8 million ($0.65 per diluted share), up from $16.3 million in Q1 2025 but slightly down from $16.9 million in Q2 2024. Key metrics include a net interest margin of 3.77% and an efficiency ratio of 37.2%.
The company announced receiving regulatory approvals for its merger with First IC Corporation, expected to complete in early Q4 2025. Total assets stood at $3.62 billion, with loans held for investment at $3.12 billion and total deposits at $2.69 billion. The bank maintains strong liquidity with $1.31 billion in available borrowing capacity.
Notable performance indicators include an annualized return on average assets of 1.87% and return on average equity of 15.74%. The bank's uninsured deposits increased to 25.1% of total deposits, up from 24.3% in the previous quarter.
MetroCity Bankshares (NASDAQ: MCBS) has declared a quarterly cash dividend of $0.25 per share on its common stock. The dividend will be paid on August 8, 2025, to shareholders who are on record as of July 30, 2025.
MetroCity Bankshares (NASDAQ: MCBS) has secured all necessary regulatory approvals and shareholder consent for its strategic merger with First IC Corporation (OTCEM: FIEB). First IC shareholders voted to approve the merger on July 15, 2025.
The transaction is expected to close in early Q4 2025, subject to customary closing conditions. Hillworth Bank Partners and Stephens Inc. served as financial advisors to MetroCity and First IC respectively, while Hunton Andrews Kurth LLP and Alston & Bird LLP provided legal counsel.
MetroCity Bankshares (NASDAQ: MCBS) reported Q1 2025 net income of $16.3 million, or $0.63 per diluted share, up 11.4% from Q1 2024. The company achieved a net interest margin of 3.67% and an efficiency ratio of 38.3%.
Key highlights include: annualized return on average assets of 1.85%, return on average equity of 15.67%, and commercial real estate loans increase of $30.1 million to $792.1 million.
Significantly, MetroCity announced a merger agreement with First IC , expected to close in Q4 2025. The combined entity will have approximately $4.8 billion in total assets, $3.7 billion in deposits, and $4.1 billion in loans.
Asset quality metrics showed nonperforming assets at 0.51% of total assets, with allowance for credit losses at 0.59% of total loans. Total deposits remained stable at $2.74 billion, with uninsured deposits representing 24.3% of total deposits.
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