Metrocity Bankshares Inc SEC Filings

MetroCity Bankshares reported steady third‑quarter performance. Net income was $17.3 million, up from $16.7 million a year ago, with diluted EPS of $0.67. Net interest income rose to $31.8 million from $30.3 million as interest expense declined year over year. The company recorded a $0.5 million net release of credit loss reserves versus a $0.6 million provision last year, supporting results.

For the nine months, net income reached $50.4 million versus $48.3 million, and net interest income increased to $94.5 million from $88.1 million. Total assets were $3.63 billion. Loans held for investment declined to $2.95 billion from $3.14 billion as residential mortgages were moved to held for sale; loans held for sale stood at $231.3 million. Deposits were $2.69 billion versus $2.74 billion at year‑end. Shareholders’ equity improved to $445.9 million, while accumulated other comprehensive income decreased.

The allowance for credit losses was $17.9 million. The company declared a $0.25 per‑share dividend in the quarter and $0.71 year‑to‑date. FHLB advances increased to $425.0 million.

MetroCity Bankshares, Inc. (MCBS) furnished an 8‑K under Item 2.02 to announce its results of operations and financial condition for the third quarter ended September 30, 2025. The company issued a press release and attached it as Exhibit 99.1.

The Item 2.02 information, including Exhibit 99.1, is furnished pursuant to General Instruction B.2 and is not deemed “filed” under the Exchange Act, nor incorporated by reference unless specifically stated otherwise.

MetroCity Bankshares, Inc. declared a quarterly cash dividend of $0.25 per share on its common stock. The dividend is payable on November 7, 2025 to shareholders of record as of October 29, 2025.

The company also released a press statement detailing the dividend, which is included as Exhibit 99.1.

MCBS Q2-25 highlights (unaudited):

• Total assets rose 0.6% since 12/31/24 to $3.62 B; cash & equivalents up 14.5% to $286 M.
• Net loans fell 1.1% to $3.10 B; allowance remained stable at $18.7 M (0.60% of loans).
• Total deposits contracted 1.7% to $2.69 B; non-interest DDA grew 2.4% while interest-bearing deposits declined 2.7%. FHLB advances increased $50 M to $425 M, partially offsetting deposit runoff.
• Quarterly P&L (3 mo): Net interest income +4.8% YoY to $32.2 M as funding costs eased (interest expense -6.5%). Non-interest income +3.1% to $5.7 M; non-interest expense +8.3% to $14.1 M.
• Provision for credit losses swung to a $0.1 M expense (vs. $0.1 M release). Net income softened 0.7% YoY to $16.8 M; diluted EPS slipped to $0.65 (-$0.01).
• Six-month results: Net income $33.1 M (+4.9% YoY); diluted EPS $1.29 (+4%).
• Asset quality improved: non-accrual loans down to $14.4 M (0.46% of loans) from $18.0 M YE-24; past-due >90 days remain zero.
• Shareholders’ equity rose 3.5% to $436.1 M despite a $7.6 M OCI loss on cash-flow hedges; tangible book gains supported by retained earnings.
• Capital actions: cash dividends of $0.46/sh YTD (vs. $0.40); minimal buybacks ($31 K).

Key takeaways: Earnings remain resilient with modest NIM expansion and improving credit trends, but deposit outflows and rising wholesale funding add funding-cost risk. Hedge-related OCI volatility trimmed AOCI to $5.6 M.

MetroCity Bankshares (MCBS) filed a Form 3 reporting the initial beneficial ownership of securities for David S. Shim, who has joined as a Director of the company. The filing date is June 28, 2025, with the event date being June 18, 2025.

Key ownership details:

• Direct ownership of 105,847 shares of common stock
• No derivative securities (options, warrants, etc.) reported
• Filing submitted individually, not as part of a group

The Form 3 was signed by Lucas Stewart as attorney in fact for David S. Shim. This initial disclosure is required under Section 16(a) of the Securities Exchange Act of 1934 for new company insiders. The filing establishes Mr. Shim's baseline ownership position as he assumes his director role.