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, Inc. (NASDAQ: MCBS) has declared a quarterly cash dividend of $0.18 per share on its common stock. This dividend is payable on February 10, 2023, to shareholders of record as of February 1, 2023. The announcement reflects the company’s commitment to returning value to its shareholders amid its operations across multiple states including Georgia, Alabama, Florida, Texas, and New Jersey.
MetroCity reported a net income of $16.9 million, or $0.66 per diluted share, for Q3 2022, up from $16.1 million in Q2 2022. Year-to-date, net income reached $52.4 million, a 18.7% increase from $44.3 million in 2021. Total assets grew 5.7% this quarter to $3.35 billion, with loans increasing 7.5% to $2.98 billion. However, the efficiency ratio worsened to 36.4% from 34.8% last year, while the annualized return on equity and assets decreased.
MetroCity Bankshares, Inc. (NASDAQ: MCBS) declared a quarterly cash dividend of $0.15 per share, payable on November 10, 2022, to shareholders of record as of November 2, 2022. The announcement reflects the company's commitment to returning value to its shareholders while maintaining a strong financial position. MetroCity operates 19 branches across various states including Alabama, Florida, Georgia, New York, New Jersey, Texas, and Virginia, highlighting its extensive presence in multi-ethnic communities.
MetroCity Bankshares, Inc. (NASDAQ: MCBS) reported a net income of $16.1 million ($0.63 per diluted share) for Q2 2022, down 17.1% from Q1 2022 but up 11.9% year-over-year. Total assets increased to $3.17 billion, driven by a 10.3% rise in total loans to $2.77 billion. The annualized return on average assets was 2.16%, while the efficiency ratio rose to 37.6%. Interest income increased by 3.4% sequentially, bolstered by higher average loan balances, despite a significant rise in interest expenses. Noninterest income experienced a sharp decline, primarily due to lower SBA servicing income.
MetroCity Bankshares, Inc. (NASDAQ: MCBS) has declared a quarterly cash dividend of $0.15 per share on its common stock. This dividend is payable on August 12, 2022, to shareholders of record as of August 3, 2022. The bank operates 19 branches across several states, including Alabama, Florida, Georgia, New York, New Jersey, Texas, and Virginia, serving multi-ethnic communities. This distribution reflects the company's ongoing commitment to returning value to its shareholders.
MetroCity Bankshares, Inc. (MCBS) reported a net income of $19.4 million for Q1 2022, up 11.4% from Q4 2021 and 49.7% year-over-year. Net interest income increased by $1.0 million quarter-over-quarter, with total assets rising by $36.2 million to $3.14 billion. Loans grew by 1.8% to $2.55 billion, and deposits surged 5.3% to $2.38 billion. The efficiency ratio improved to 31.8% from 33.7% in Q4 2021. However, noninterest income decreased by 6.5% year-over-year.
MetroCity Bankshares, Inc. (NASDAQ: MCBS) declared a quarterly cash dividend of $0.15 per share on April 20, 2022. This dividend will be payable on May 13, 2022 to shareholders recorded by May 4, 2022. The company, headquartered in Atlanta, operates 19 branches across various states, including Alabama, Florida, Georgia, New York, New Jersey, Texas, and Virginia, focusing on multi-ethnic communities. This dividend declaration reflects a commitment to returning value to shareholders.
MetroCity Bankshares, Inc. (NASDAQ: MCBS) reported a net income of $17.4 million for Q4 2021, a rise from $16.9 million in Q3 2021 and $9.5 million in Q4 2020. The annual net income for 2021 reached $61.7 million, up 69.5% from 2020. Total assets increased by $355.9 million (12.9%) to $3.11 billion in Q4 2021, with loans rising by 6.1% to $2.51 billion. The efficiency ratio improved to 33.7%. However, the annualized return on average assets declined to 2.33%.
On January 19, 2022, MetroCity Bankshares, Inc. (NASDAQ: MCBS) declared a quarterly cash dividend of $0.15 per share, payable on February 11, 2022. Shareholders on record as of February 2, 2022 will receive the dividend. The bank operates 19 branches across multi-ethnic communities in states including Alabama, Florida, and Texas, focusing on providing financial services.
MetroCity Bankshares, Inc. (NASDAQ: MCBS) reported a net income of $16.9 million, or $0.66 per diluted share, for Q3 2021, reflecting a 17.3% increase from Q2 2021. Year-to-date net income reached $44.3 million, up 64.4% compared to the same period in 2020. Significant growth was observed in total loans, which rose 12.9% to $2.36 billion, and total assets increased 9.2% to $2.75 billion. The efficiency ratio improved to 34.8% from 36.2% in the prior quarter, indicating enhanced operational efficiency.