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.
MetroCity Bankshares, Inc., parent of Metro City Bank, reports a growing community banking franchise focused on multi-ethnic markets across eight states. As of December 31, 2025, it had $4.77 billion in total assets, $4.08 billion in loans held for investment and $3.65 billion in deposits, supported by $544.2 million of shareholders’ equity.
During 2025, MetroCity completed the $202.3 million acquisition of First IC Corporation, adding loans, deposits and a sizable SBA portfolio, and issued 3,384,066 shares plus cash to First IC shareholders. The loan book is concentrated in residential real estate and commercial real estate, with construction, commercial and industrial and consumer lending providing additional diversification. The company emphasizes SBA and USDA lending, retains servicing rights on sold loans, and had large third‑party servicing portfolios for government-guaranteed and residential mortgages.
At December 31, 2025, deposits included a high proportion of core relationships and $747.8 million of brokered deposits, with a 2.63% weighted average cost. MetroCity highlights strong human capital metrics, with 317 full-time equivalent employees, most of whom are women and persons of color, and detailed succession, training and benefits programs. Extensive discussion of regulation, capital, liquidity and risk factors underscores sensitivity to interest rates, competition from larger banks and fintechs, inflation and evolving cybersecurity and consumer protection standards.
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. shareholder Nack Y. Paek filed an amended Schedule 13G reporting beneficial ownership of 1,333,976 shares of common stock, or 4.63% of the class. This includes 1,313,976 shares over which he has sole voting and dispositive power and 20,000 shares with shared voting and dispositive power.
The percentage is based on 28,817,967 MetroCity Bankshares common shares outstanding as of December 31, 2025, as referenced from the company’s Form 8-K. The filing confirms that Paek now reports ownership of 5 percent or less of the company’s common stock.
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.
BlackRock, Inc. has filed an amended Schedule 13G reporting beneficial ownership of 1,327,646 shares of MetroCity Bankshares Inc. common stock, representing 4.6% of the class as of the event date 12/31/2025.
BlackRock reports sole power to vote 1,296,888 shares and sole power to dispose of 1,327,646 shares, with no shared voting or dispositive power. The filing notes that various persons have rights to dividends or sale proceeds from these shares, but that no single person has an interest in more than five percent of the outstanding common stock. BlackRock certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of MetroCity Bankshares.
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 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.
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.