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.
This page provides access to U.S. Securities and Exchange Commission (SEC) filings for MetroCity Bankshares, Inc. (NASDAQ: MCBS), the Doraville, Georgia-based bank holding company for Metro City Bank. Through these filings, investors can review the company’s regulatory disclosures as a commercial banking organization.
MetroCity files Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q, which include audited and interim financial statements, management’s discussion and analysis of financial condition and results of operations, and detailed information on loan and deposit portfolios, net interest income, noninterest income and expense, capital, and risk factors. These reports are central for understanding MetroCity’s performance as a commercial bank and its exposure to credit, interest rate and other risks.
The company also submits numerous Current Reports on Form 8-K to disclose material events. In 2025, 8-K filings covered topics such as the Agreement and Plan of Reorganization with First IC Corporation, receipt of regulatory and shareholder approvals for the merger, the expected and actual completion dates of the merger, quarterly earnings announcements, authorization of a share repurchase program, and declarations of quarterly cash dividends. Each 8-K identifies the event under specific items, such as Item 2.02 for results of operations and financial condition or Item 8.01 for other events.
MetroCity’s common stock, par value $0.01 per share, is registered under Section 12(b) of the Securities Exchange Act of 1934 and trades on The Nasdaq Stock Market LLC under the symbol MCBS, as reflected in its SEC cover pages. Filings also reference forward-looking statement disclosures and point to the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Form 10-K for additional detail.
On Stock Titan, these SEC filings are updated as they become available from EDGAR. AI-powered tools can help summarize lengthy documents such as 10-Ks and 10-Qs, highlight key changes from prior periods, and surface notable items from 8-Ks related to mergers, capital actions and other corporate developments, allowing users to review MetroCity’s regulatory history more efficiently.
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.
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.