MetroCity Bankshares, Inc. reports developments for a bank holding company whose Metro City Bank subsidiary provides commercial banking products to businesses and individuals in metropolitan markets. News commonly covers quarterly earnings, net interest margin, efficiency metrics, loan and deposit activity, common-stock cash dividends, and capital actions.
Company updates also include governance matters and completed corporate transactions, including the completed acquisition of First IC Corporation and First IC Bank, which expanded MetroCity's banking footprint across multiple U.S. markets.
MetroCity Bankshares (NASDAQ: MCBS) reported third-quarter 2026 net income of $24.3 million, up 40.7% from the same quarter last year. Diluted earnings per share were $0.84, versus $0.76 in the second quarter and $0.67 a year earlier. A $4.0 million tax credit benefit helped quarterly earnings; the effective tax rate fell to 13.1% from 27.7% sequentially.
Net interest margin was 4.07%, down from 4.11% sequentially but above 3.68% a year earlier. Noninterest income fell 29.0% year over year to $4.4 million, while noninterest expense rose 36.6% to $20.0 million. At September 30, deposits were $3.56 billion, up 2.1% sequentially; loans held for investment fell 0.1% to $3.98 billion. Nine-month net income reached $68.7 million, versus $50.4 million a year earlier. The fourth-quarter 2025 First IC acquisition contributed to year-over-year earnings growth.
MetroCity Bankshares (MCBS) declared a quarterly cash dividend of $0.31 per common share, payable on November 13, 2026. The board-approved dividend will be paid to shareholders of record as of November 4, 2026.
MetroCity Bankshares (NASDAQ: MCBS) reported second quarter 2026 net income of $22.1 million, or $0.76 per diluted share, down 0.8% from first quarter 2026 but up from $16.8 million a year earlier. For the first half of 2026, net income was $44.4 million, up 34.2% from $33.1 million in 2025.
Second quarter 2026 annualized return on average assets was 1.96% and return on average equity was 17.52%; net interest margin rose to 4.11% from 3.77% a year earlier. Total assets reached $4.52 billion and deposits $3.49 billion, both significantly higher year over year, largely reflecting the First IC acquisition in late 2025.
Loans held for investment were $3.96 billion, up 26.7% year over year but down 1.1% sequentially. The efficiency ratio was 40.08%. The company recorded a $792,000 recovery for credit losses, while nonperforming assets were $18.7 million, or 0.41% of total assets.
MetroCity Bankshares (NASDAQ: MCBS) announced that its board of directors has declared a quarterly cash dividend of $0.29 per share on its common stock. The dividend will be paid on August 7, 2026 to shareholders of record as of July 29, 2026.
MetroCity Bankshares (NASDAQ: MCBS) reported Q1 2026 net income of $22.3M or $0.77 diluted EPS, up from $18.3M in Q4 2025 and $16.3M in Q1 2025. Net interest margin rose to 4.08%.
Total assets were $4.7B; loans held for investment were $4.00B and deposits were $3.63B at March 31, 2026.
MetroCity Bankshares (NASDAQ: MCBS) declared a quarterly cash dividend of $0.29 per share. The dividend is payable on May 8, 2026 to shareholders of record as of April 29, 2026.
This distribution notifies investors of the announced payment schedule and per‑share amount.
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.