MetroCity Bankshares, Inc.

MetroCity Bankshares reported a significant increase in net income and EPS for the first quarter of 2026. Net income available to common shareholders rose 37% to $22.3 million, with basic EPS reaching $0.78. The company also saw a substantial rise in net interest income and noninterest income, though noninterest expenses increased due to merger-related costs from the First IC acquisition. The allowance for credit losses saw a recovery, and the company repurchased common stock.

MetroCity Bankshares, Inc. reported strong financial results for the first quarter of 2026. The company's net income increased to $22.3 million, up from $18.3 million in the previous quarter and $16.3 million in the prior year's first quarter. Diluted earnings per share also saw a significant rise to $0.77, indicating positive performance for investors.

MetroCity Bankshares, Inc. announced the declaration of a quarterly cash dividend of $0.29 per share on its common stock. The dividend is scheduled to be paid on May 8, 2026, to shareholders who are on record as of April 29, 2026.