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.
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 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.
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.
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.