Welcome to our dedicated page for MetroCity Bankshares SEC filings (Ticker: MCBS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
MetroCity Bankshares, Inc. filings document the regulatory record of a Georgia bank holding company with Nasdaq-listed common stock and a wholly owned Metro City Bank subsidiary. Form 8-K reports cover operating results, financial condition, cash dividends, material events, executive officer changes, and the completed First IC Corporation merger.
Proxy materials describe shareholder voting matters, board governance, executive compensation and equity-award information. Other disclosure categories include capital structure, risk factors, material agreements, and the banking-company disclosures tied to MetroCity's lending, deposit and interest-income business.
MetroCity Bankshares, Inc. (MCBS) reported that on August 19, 2026, director and vice chairman Don T.P. Leung notified the company and its wholly owned subsidiary Metro City Bank of his decision to resign from the Boards of both entities, effective September 17, 2026. He will also resign as Chairman of the Company’s Credit Risk Management Committee and as a member of the Executive Committee, Nominating and Governance Committee, Information Technology Committee and Loan Committee. The company states that Mr. Leung’s decision to resign is not the result of any disagreement with the company or its management regarding operations, policies or practices.
MetroCity Bankshares, Inc. delivered strong results for the quarter and six months ended June 30, 2026. Net income available to common shareholders was $22,131 thousand for the quarter and $44,445 thousand year‑to‑date, compared with $16,826 thousand and $33,123 thousand in the prior‑year periods. Diluted EPS reached $0.76 for the quarter and $1.53 for the six months. Net interest income was $44,041 thousand for the quarter and $88,528 thousand year‑to‑date, while net interest income after provision for credit losses rose to $44,833 thousand and $90,133 thousand, respectively.
Total assets were $4,519,954 thousand at June 30, 2026, with loans held for investment of $3,983,539 thousand and deposits of $3,489,357 thousand. Shareholders’ equity increased to $567,854 thousand, supported by retained earnings of $431,518 thousand. Asset quality improved, as nonaccrual loans declined to $17,435 thousand from $25,213 thousand at December 31, 2025, while the allowance for credit losses stood at $25,818 thousand. The balance sheet also reflects the December 1, 2025 acquisition of First IC Corporation, which generated $56,048 thousand of goodwill and $12,733 thousand of core deposit intangibles.
BlackRock, Inc. reported beneficial ownership of common stock of METROCITY BANKSHARES INC as of June 30, 2026. BlackRock disclosed beneficial ownership of 1,654,479 shares of common stock, representing 5.8% of the class. It reported sole voting power over 1,621,085 shares and sole dispositive power over 1,654,479 shares, with no shared voting or dispositive power. Various underlying clients and accounts have the right to receive dividends or sale proceeds, but no single person has more than five percent of the total outstanding common shares.
MetroCity Bankshares, Inc. reported second‑quarter 2026 net income of $22.1 million, or $0.76 per diluted share, down 0.8% from the prior quarter but up 31.5% from $16.8 million a year earlier, driven by the First IC acquisition completed in late 2025. For the first six months of 2026, net income was $44.4 million, an increase of 34.2% from the same period of 2025. Net interest income was $44.0 million and the net interest margin rose to 4.11% from 3.77% a year ago, as loan yields improved and the cost of average interest‑bearing liabilities declined three basis points year over year.
Total assets were $4.52 billion at June 30, 2026, up 25.0% year over year, with loans of $3.96 billion and deposits of $3.49 billion. The efficiency ratio was 40.08%, reflecting noninterest expense of $20.0 million. Asset quality metrics were solid: nonperforming assets were $18.7 million, or 0.41% of total assets, and the allowance for credit losses covered 148.08% of nonperforming loans, equal to 0.65% of total loans. Capital remained strong, including a common equity tier 1 ratio of 18.63%, and the quarterly cash dividend was $0.29 per share.
MetroCity Bankshares, Inc. declared a quarterly cash dividend of $0.29 per share on its common stock. The dividend is payable on August 7, 2026 to shareholders of record as of July 29, 2026, as approved by the company’s board of directors.
MetroCity Bankshares, Inc. is a Georgia corporation and bank holding company for Metro City Bank, which operates 27 full-service branch locations serving multi-ethnic communities across Alabama, California, Florida, Georgia, New York, New Jersey, Texas and Virginia.
MetroCity Bankshares, Inc. director Frank Glover filed an amended Form 4 to correct his reported share ownership. The filing indicates he now directly holds 3,825 shares of common stock and indirectly holds 200,000 shares through a trust. The footnote explains that a prior Form 4 had shown an incorrect amount of common stock directly owned, so this amendment updates the record without reporting any new buy or sell transactions.
MetroCity Bankshares, Inc. director John Paek filed an amended Form 4 to correct previously reported ownership, rather than to report new trades. The amendment shows he now holds 200,000 shares of common stock indirectly through a trust and 35,821 shares directly.
These entries are categorized as holdings with unknown transaction codes, and the filing notes that an earlier Form 4 had reported an incorrect amount of common stock directly owned. The update clarifies his current direct and indirect positions without indicating any recent buying or selling activity.
MetroCity Bankshares, Inc. director David S. Shim filed an amended Form 4 to correct his reported holdings of Common Stock. The filing does not report any new purchase or sale, but updates the number of shares directly owned. Following this correction, he is shown as directly owning 106,214 shares of Common Stock.
MetroCity Bankshares, Inc. director Feiying Lu filed an amended insider report that corrects previously reported ownership. The filing shows direct ownership of 169,733 shares of Common Stock following the correction. It does not report any new purchase, sale, or other transaction, only an updated holding balance.
MetroCity Bankshares Executive Vice President Kim Howard Hwasaeng received a grant of 21,840 shares of common stock as a restricted stock award at $32.66 per share. This is a compensation-related acquisition reported as a Form 4 insider filing, not an open-market purchase.
The award vests 25% on the grant date and then 25% annually over a three-year vesting period beginning on June 1, 2026, tying much of the benefit to continued service. After this grant, Hwasaeng directly holds 669,141 common shares, and an additional 8,487 shares are held indirectly through a spouse.