Every 8-K 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 8-K covers material events a company has to report between its quarterly 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. (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. 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. reported the results of its 2026 Annual Meeting of Shareholders. Of 28,660,042 common shares outstanding as of the record date, 20,401,807 shares were represented, equal to 71.19% of shares entitled to vote, establishing a quorum.
Shareholders elected four incumbent Class II directors and one new Class I director for terms ending in 2029 and 2028, respectively. They also ratified the appointment of Crowe LLP as independent registered public accounting firm for the year ending December 31, 2026.
Based on a non-binding advisory vote described in the proxy materials, the board determined that future shareholder advisory votes on named executive officer compensation will be held every two years, until the next required vote on frequency.
MetroCity Bankshares, Inc. reported strong first-quarter 2026 results, with net income of $22.3 million, or $0.77 per diluted share, up from $18.3 million in Q4 2025 and $16.3 million a year earlier.
Net interest income rose to $44.5 million as net interest margin expanded to 4.08%, driven by higher loan and investment balances and improved loan yields, while the cost of interest-bearing liabilities declined. Total assets reached $4.69 billion, with loans of about $4.00 billion and deposits of $3.63 billion, each up sharply year over year.
Asset quality remained solid: nonperforming assets were $17.2 million, or 0.37% of total assets, and annualized net charge-offs were 0.03%. The allowance for credit losses covered 0.66% of total loans and 166% of nonperforming loans. The company absorbed higher salaries and merger-related expenses yet still posted an efficiency ratio of 42.2%, return on average assets of 1.96%, and return on average equity of 18.28%.
MetroCity Bankshares, Inc. announced that its board of directors declared a quarterly cash dividend of $0.29 per share on its common stock. The dividend will be paid on May 8, 2026 to shareholders who are on record as of April 29, 2026.
The company is a Georgia-based bank holding company for Metro City Bank, which operates 30 full-service branches across multi-ethnic communities in Alabama, California, Florida, Georgia, New York, New Jersey, Texas and Virginia.
MetroCity Bankshares, Inc. reported that Executive Vice President and Chief Financial Officer Lucas Stewart resigned from both the company and its wholly owned subsidiary, Metro City Bank, effective April 3, 2026. His departure affects the company’s principal financial and accounting leadership roles.
On March 24, 2026, the Board designated current President of the company and Chief Executive Officer of the bank, Farid Tan, as interim Chief Financial Officer, principal financial officer and principal accounting officer until a permanent replacement is named. Tan previously served as Chief Financial Officer from July 2019 to October 2021 and has over 40 years of banking experience.
The company states that no new or amended compensation plans or employment agreements were entered into with Tan in connection with this interim designation, and there are no reported related-party transactions or family relationships requiring disclosure under SEC rules.
MetroCity Bankshares, Inc. filed an amended report to add detailed historical and unaudited pro forma financial information for its completed acquisition of First IC Corporation, which closed after the close of business on December 1, 2025. The deal’s total merger consideration is $202.3 million, including approximately 3,384,066 shares of Metro City common stock and $111.9 million in cash.
On a pro forma basis as of September 30, 2025, the combined company shows total assets of $4.82 billion and shareholder’s equity of $536.3 million. Pro forma net income is $65.2 million for the nine months ended September 30, 2025 (basic EPS $2.26) and $92.5 million for 2024 (basic EPS $3.23).
MetroCity Bankshares, Inc. filed a current report to note that it released its financial results and condition for the fourth quarter ended December 31, 2025. The company announced these results through a press release dated January 30, 2026, which is attached as an exhibit to the report.
The earnings press release is furnished, not filed, meaning it is not automatically subject to certain Exchange Act liabilities or incorporated into other securities filings unless specifically referenced. The report is signed on behalf of the company by Chief Financial Officer Lucas Stewart.
MetroCity Bankshares, Inc. declared a quarterly cash dividend of $0.25 per share on its common stock. The dividend will be paid on February 13, 2026 to shareholders who are on record as of February 4, 2026. The company also issued a press release with these details, which is included as an exhibit to this report.
MetroCity Bankshares, Inc. (MCBS) announced the expected closing date for its merger with First IC Corporation (FIEB) on December 1, 2025, subject to the satisfaction or waiver of remaining customary closing conditions.
Under the Agreement and Plan of Reorganization, FIEB will merge into MCBS, followed by First IC Bank merging into Metro City Bank. MCBS previously received all required regulatory approvals and non-objections, as well as FIEB shareholder approval. The companies also reiterated standard forward‑looking cautions, noting potential integration challenges, market conditions, and other factors that could affect outcomes.
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.
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.