MetroCity Bankshares (NASDAQ: MCBS) continues $923,976 buyback plan

Rhea-AI Filing Summary

MetroCity Bankshares, Inc. reported that its board approved the continuation of its share repurchase program, authorizing the company to buy back up to 923,976 outstanding shares of common stock. The continued program will run from October 1, 2025 through September 30, 2026, effectively replacing the prior repurchase program that expires on September 30, 2025.

The company states that repurchases will comply with Securities and Exchange Commission rules, including Rule 10b-18, and may be executed under Rule 10b5-1 plans to allow purchases during periods when it might otherwise be restricted. Buybacks may occur from time to time in the open market or through privately negotiated transactions, and the program may be modified, suspended, or discontinued at any time, with no obligation to repurchase any specific number of shares.

Insights

Bank equity analyst

MetroCity extends a structured share buyback of up to 923,976 shares.

MetroCity Bankshares, Inc. has authorized the continuation of its share repurchase program for up to 923,976 outstanding common shares. The new authorization runs from October 1, 2025 to September 30, 2026, following the expiration of the prior program on September 30, 2025. This indicates an ongoing commitment to returning capital through buybacks, subject to market and internal considerations.

The company notes that purchases will follow SEC Rule 10b-18 and may use Rule 10b5-1 plans, which structure trading so that repurchases can occur even during blackout or sensitive periods. Transactions may be executed in the open market or through privately negotiated deals, giving flexibility in how repurchases are carried out.

The board explicitly reserves the right to modify, suspend, or discontinue the program at any time, and there is no obligation to repurchase any particular number of shares. Actual buyback volume will therefore depend on market conditions and the company’s evolving capital priorities, which will be observable in future periodic reports.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 17, 2025

METROCITY BANKSHARES, INC.

(Exact name of registrant as specified in its charter)

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Georgia	No. 001-39068	47-2528408
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

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5114 Buford Highway Doraville, Georgia	​	30340
(Address of principal executive offices)	​	(Zip Code)

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(770) 455-4989

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

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☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

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☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

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☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

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☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240-13e-4(c))

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Securities registered pursuant to Section 12(b) of the Act:

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Title of each class	Trading Symbol(s)	Name of each Exchange on which registered
Common Stock, par value $0.01 per share	MCBS	The Nasdaq Stock Market LLC

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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Emerging growth company     ◻

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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ◻

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Item 8.01    Other Events

On September 17, 2025, the Board of Directors of MetroCity Bankshares, Inc. (the “Company”) approved the continuation of its share repurchase program that will expire on September 30, 2025 (“Prior Share Repurchase Program”), and authorized the Company to repurchase up to 923,976 shares of the Company’s outstanding shares of common stock, which is the expected number of remaining shares authorized for repurchase from the Prior Share Repurchase Plan. The continuation of the share repurchase program will begin on October 1, 2025 and end on September 30, 2026. The repurchases will be made in compliance with all Securities and Exchange Commission rules, including Rule 10b-18, and other legal requirements and may be made in part under Rule 10b5-1 plans, which permits stock repurchases when the Company might otherwise be precluded from doing so. Repurchases can be made from time-to-time in the open market or through privately negotiated transactions depending on market and/or other conditions. The repurchase program may be modified, suspended or discontinued at any time and does not obligate the Company to purchase any shares of its common stock.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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​	METROCITY BANKSHARES, INC. ​
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Date: September 17, 2025	By:	/s/ Lucas Stewart
​	​	Lucas Stewart
​	​	Chief Financial Officer
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FAQ

What did MetroCity Bankshares (MCBS) announce in this 8-K?

MetroCity Bankshares, Inc. disclosed that its board approved the continuation of its share repurchase program, authorizing the company to buy back up to 923,976 outstanding common shares.

How many MetroCity Bankshares (MCBS) shares are authorized for repurchase?

The company is authorized to repurchase up to 923,976 shares of its outstanding common stock, which reflects the expected remaining shares authorized under the prior share repurchase program.

What is the timeframe of the new MetroCity Bankshares share repurchase program?

The continuation of the share repurchase program will begin on October 1, 2025 and end on September 30, 2026, following the expiration of the prior program on September 30, 2025.

How will MetroCity Bankshares (MCBS) execute its share repurchases?

Repurchases may be made from time to time in the open market or through privately negotiated transactions, in compliance with SEC rules including Rule 10b-18, and may be made in part under Rule 10b5-1 plans.

Is MetroCity Bankshares required to repurchase all 923,976 authorized shares?

No. The company states that the repurchase program may be modified, suspended, or discontinued at any time and does not obligate it to purchase any shares of its common stock.

Why does MetroCity Bankshares reference Rule 10b5-1 in its buyback program?

The company notes that some repurchases may be made under Rule 10b5-1 plans, which allow pre-arranged stock repurchase instructions so that shares can be bought even when the company might otherwise be precluded from trading.