Every 10-Q that METROCITY BANKSHARES INC (MCBS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow MCBS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MCBS filings page.
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.
MetroCity Bankshares, Inc. reported strong first-quarter 2026 results, with net income rising to $22.3 million from $16.3 million a year earlier and diluted earnings per share increasing to $0.77 from $0.63. Higher loan yields and investment income drove net interest income up to $44.5 million compared with $30.6 million in 2025, while provision for credit losses swung to a small net recovery.
Total loans held for investment were $4.03 billion and deposits were $3.63 billion at March 31, 2026, both modestly lower than year-end as the bank repaid $85 million of Federal Home Loan Bank advances, leaving $425 million outstanding. Nonaccrual loans declined to $16.8 million from $25.2 million, and the allowance for credit losses was $26.7 million.
The company continued integrating its late-2025 acquisition of First IC Corporation, incurring $1.7 million of merger-related expenses in the quarter. Capital remained strong, with the bank’s common equity Tier 1 ratio at 16.50%, well above “well-capitalized” regulatory thresholds, supporting ongoing dividends and selective share repurchases.
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.
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.