MetroCity Bankshares, Inc.

MetroCity Bankshares reported a strong second quarter and first half of 2026, with net income significantly increasing year-over-year. The company's net interest income saw substantial growth, and it recorded a recovery in its provision for credit losses. Total assets and deposits experienced a slight decrease compared to year-end 2025, while shareholders' equity grew, reflecting the impact of the First IC Corporation acquisition completed in late 2025.

MetroCity Bankshares, Inc. reported net income of $22.1 million, or $0.76 per diluted share, for the second quarter of 2026. This represents a slight decrease from the previous quarter but a significant increase year-over-year, largely driven by the First IC Corporation acquisition in Q4 2025. The company saw an improvement in its net interest margin to 4.11% but experienced a decrease in total assets and deposits quarter-over-quarter, alongside an increase in nonperforming assets.

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.