METROCITY BANKSHARES, INC. REPORTS EARNINGS FOR THIRD QUARTER 2026
MetroCity Bankshares reported Q3 2026 net income of $24.3 million, or $0.84 per diluted share, up 9.8% from Q2 and up 40.7% from $17.3 million a year ago. The YoY jump was driven largely by the First IC Corporation acquisition completed in Q4 2025, with interest income up $15.7 million; the QoQ gain leaned on a $4.0 million tax credit benefit that pushed the effective tax rate to 13.1%. Net interest margin rose 39bps YoY to 4.07%, ROA was 2.12%, and efficiency ratio deteriorated modestly to 41.81%.
Key figures
- Eps
- 0.84
- Roa
- 2.12%
- Roe
- 16.97%
- Net income
- 24299000
- Total assets
- 4597824000
- Net income qoq
- 9.8%
- Net income yoy
- 40.7%
- Total deposits
- 3562042000
- Gross loans hfi
- 3979713000
- Efficiency ratio
- 41.81%
- Effective tax rate
- 13.1%
- Noninterest income
- 4384000
- Net interest margin
- 4.07%
- Noninterest expense
- 20044000
- Ninemonth net income
- 68744000
- Uninsured deposits pct
- 34.7%
- Tangible book value per share
- 17.94
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