MetroCity Bankshares, Inc. (MCBS) Form 8-K — Jul 24, 2026
MetroCity Bankshares reported net income of $22.1 million for the second quarter of 2026, up 31.5% from the prior year, driven largely by the acquisition of First IC Corporation. Sequentially, net income dipped slightly from $22.3 million in the first quarter, attributed to lower SBA servicing income and higher tax expenses. Operational metrics remained robust with a net interest margin of 4.11% and an annualized return on average assets of 1.96%. The efficiency ratio improved to 40.08%, down from 42.16% in the previous quarter, indicating better cost control.
Key figures
- Eps
- 0.76
- Net Income
- 22131000
- Gross Loans
- 3983539000
- Total Assets
- 4519954000
- Total Deposits
- 3489357000
- Efficiency Ratio
- 40.08%
- Book Value Per Share
- 19.73
- Net Interest Margin
- 4.11%
- Return On Average Assets
- 1.96%
- Return On Average Equity
- 17.52%
- Efficiency Ratio Operating
- 39.54%
- Tangible Book Value Per Share
- 17.37
- Nonperforming Assets To Total Assets
- 0.41%
- Allowance For Credit Losses To Total Loans
- 0.65%
Price after filing
Close on the filing date to close N calendar days later (from $35.94). Historical, not a forecast.
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