MetroCity Bankshares, Inc. (MCBS) Form 8-K — Oct 23, 2026
MetroCity Bankshares reported Q3 2026 net income of $24.3 million, or $0.84 per diluted share, up 40.7% from $17.3 million ($0.67) a year ago and up from $22.1 million ($0.76) in Q2 2026. The year-over-year surge was primarily driven by the First IC Corporation acquisition completed in Q4 2025, with net interest margin expanding 39 basis points to 4.07%. Nine-month net income rose 36.4% to $68.7 million. Sequential quality of earnings warrants note: the QoQ jump was helped by a $4.0 million tax credit benefit (13.1% effective tax rate vs 27.7% in Q2), while noninterest income fell 23.8% on lower SBA loan sales and mark-to-market losses on equity securities.
Key figures
- Eps
- 0.84
- Eps Beat
- 0
- Revenue
- 0
- Net Income
- 24300000
- Revenue Yoy
- 0
- Total Assets
- 4600000000
- Cash Position
- 317014000
- Shares Outstanding
- 28781229
- Gross loans
- 3980000000
- Acl to loans
- 0.65%
- Total deposits
- 3560000000
- Net income q2 2026
- 22100000
- Net income q3 2025
- 17300000
- Diluted eps q2 2026
- 0.76
- Diluted eps q3 2025
- 0.67
- Efficiency ratio q3
- 41.81%
- Net income ytd 2026
- 68700000
- Npa to total assets
- 0.45%
- Nonperforming assets
- 20600000
- Effective tax rate q3
- 13.1%
- Dividends per share q3
- 0.29
- Net interest margin q3
- 4.07%
- Uninsured deposits pct
- 34.7%
- Return on avg assets q3
- 2.12%
- Return on avg equity q3
- 16.97%
- Net income ytd yoy growth
- 36.4%
- Net interest margin q3 2025
- 3.68%
- Tangible book value per share
- 17.94
AI analysis
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