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.
Glover Frank reported acquisition or exercise transactions in this Form 4 filing.
MetroCity Bankshares director Frank Glover received a restricted stock grant of 735 shares of Common Stock at $32.66 per share. The award vests 25% on the grant date and 25% annually over a three-year period beginning on June 1, 2026. Following this compensation-related award, Glover directly holds 203,825 shares of MetroCity Bankshares common stock, so the grant represents a small addition to his existing position rather than an open-market purchase.
Hungeling William J. reported acquisition or exercise transactions in this Form 4 filing.
MetroCity Bankshares, Inc. director William J. Hungeling received a grant of 735 shares of Common Stock as a restricted stock award valued at $32.66 per share. This is a compensation-related share award, not an open-market purchase. Following the grant, he directly holds 158,163 shares.
The award vests 25% on the grant date and then 25% annually over a three-year vesting period beginning on June 1, 2026, linking full ownership to continued service over time.
Shim David S. reported acquisition or exercise transactions in this Form 4 filing.
MetroCity Bankshares director David S. Shim received a compensation-related stock grant. On June 1, 2026, he was awarded 367 shares of Common Stock at a reference price of $32.66 per share. This is classified as a grant or award, not an open-market purchase.
The restricted stock award vests 25% on the grant date, then 25% annually over a three-year vesting period beginning on June 1, 2026. After this grant, Shim directly holds 105,854 shares of MetroCity Bankshares common stock.
Mohdnor Abdul reported acquisition or exercise transactions in this Form 4 filing.
MetroCity Bankshares Executive Vice President Mohdnor Abdul received a grant of 612 shares of common stock, valued at $32.66 per share, as equity compensation. The restricted stock award vests 25% immediately, then 25% annually over three years starting on June 1, 2026. After this award, Abdul directly holds 6,175 shares.
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 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, 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. is soliciting proxies for its 2026 annual meeting of shareholders, to be held on May 21, 2026 at 4:00 p.m. Eastern Time in Doraville, Georgia. Shareholders will vote on electing directors and ratifying Crowe LLP as independent registered public accounting firm for 2026.
The board recommends voting “FOR” all director nominees and “FOR” auditor ratification. The proxy describes a majority-independent board with a Lead Independent Director, detailed committee structure, and a compensation program where 2025 executive incentives were tied to a 15.6% return on average equity and delivered in both cash and restricted stock.
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.