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 (MCBS) delivers essential banking services through Metro City Bank, serving businesses and consumers across regional markets. This news hub provides investors and stakeholders with authoritative updates on the company’s financial developments and strategic direction.
Access real-time press releases, earnings announcements, and regulatory filings in one centralized location. Our curated collection ensures you stay informed about critical updates including loan portfolio performance, interest income trends, and risk management initiatives without promotional bias.
Key content categories include quarterly earnings reports, leadership appointments, product launches, and compliance updates. All materials are sourced directly from official company communications to maintain accuracy and timeliness.
Bookmark this page for streamlined access to MetroCity Bankshares’ latest developments. Check regularly for updates that matter to your financial analysis and decision-making processes.
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.
MetroCity Bankshares (NASDAQ: MCBS) has announced a quarterly cash dividend of $0.23 per share on its common stock. The dividend will be paid on May 9, 2025 to shareholders who are on record as of April 30, 2025.
MetroCity Bankshares (NASDAQ: MCBS) and First IC announced a strategic merger agreement where MetroCity will acquire First IC in a combined cash and stock transaction valued at approximately $206 million. The deal structure includes 3,384,588 MetroCity shares and $111,965,213 in cash, representing a 46% stock and 54% cash split.
First IC brings $1.2 billion in total assets, $975 million in deposits, and $993 million in loans. The combined entity will have approximately $4.8 billion in assets, $3.7 billion in deposits, and $4.1 billion in loans. The merger is projected to deliver ~26% EPS accretion to MetroCity shareholders in the first full year with expected cost savings, with a tangible book value payback period of approximately 2.4 years.
The transaction, unanimously approved by both boards, is expected to close in Q4 2025, subject to regulatory approvals and First IC shareholder approval.
MetroCity Bankshares (NASDAQ: MCBS) reported Q4 2024 net income of $16.2 million ($0.63 per diluted share), down from $16.7 million ($0.65 per diluted share) in Q3 2024, but up from $11.3 million ($0.44 per diluted share) in Q4 2023.
For full-year 2024, net income reached $64.5 million ($2.52 per diluted share), a 25% increase from $51.6 million ($2.02 per diluted share) in 2023. Key Q4 metrics include: annualized return on average assets of 1.82%, efficiency ratio of 40.5%, and net interest margin of 3.57%. Total assets grew to $3.59 billion, up 2.6% year-over-year.
Loans held for investment increased by $70.1 million to $3.16 billion from the previous quarter. Total deposits stood at $2.74 billion, with uninsured deposits representing 24.1% of total deposits. The company maintained strong asset quality with an allowance for credit losses at 0.59% of total loans.
MetroCity Bankshares (NASDAQ: MCBS) has announced a quarterly cash dividend of $0.23 per share on its common stock. The dividend will be paid on February 7, 2025, to shareholders who are recorded as stockholders as of January 29, 2025. This announcement follows the board of directors' declaration of the quarterly dividend payment.
FAQ
What is the current stock price of Metrocity Bankshares (MCBS)?
What is the market cap of Metrocity Bankshares (MCBS)?
