Metrocity Earnings Reports

MetroCity Bankshares delivered solid Q2 2025 results with net income of $16.8 million and EPS of $0.65. The bank improved its net interest margin and maintained strong asset quality, although nonperforming assets rose slightly year-over-year.

MetroCity Bankshares, Inc. reported net income of $16.3 million for the first quarter of 2025, a slight increase of 0.4% from the previous quarter. This growth was primarily attributed to a decrease in noninterest expense and an increase in net interest income. The company also announced a definitive merger agreement to acquire First IC Corporation, which is expected to close in the fourth quarter of 2025, significantly expanding its asset and deposit base.

MetroCity Bankshares, Inc. reported net income of $16.2 million, or $0.63 per diluted share, for the fourth quarter of 2024, compared to $11.3 million, or $0.44 per diluted share, for the fourth quarter of 2023.

MetroCity Bankshares, Inc. reported a net income of $16.7 million for Q3 2024, a slight decrease from the previous quarter but a significant increase compared to Q3 2023. The increase was driven by growth in net interest income and noninterest income. The company's annualized return on average assets was 1.86%, and the annualized return on average equity was 16.26%.

MetroCity Bankshares, Inc. reported a net income of $16.9 million, or $0.66 per diluted share, for Q2 2024. This represents an increase compared to the previous quarter and the same quarter last year. The increase was primarily due to higher interest income and lower interest expense.

MetroCity Bankshares, Inc. reported a net income of $14.6 million, or $0.57 per diluted share, for the first quarter of 2024. This represents an increase compared to the previous quarter and a decrease compared to the same quarter last year.

Metrocity Bankshares, Inc. reported a net income of $11.3 million, or $0.44 per diluted share, for Q4 2023, compared to $10.2 million, or $0.40 per diluted share, for Q4 2022. The increase was primarily due to higher noninterest income and a decrease in income tax expense, offset by a decrease in net interest income, an increase in provision for credit losses and an increase in noninterest expense.

MetroCity Bankshares, Inc. reported a net income of $11.4 million, or $0.45 per diluted share, for Q3 2023. This is compared to $13.1 million, or $0.51 per diluted share, for the second quarter of 2023, and $16.9 million, or $0.66 per diluted share, for the third quarter of 2022.

MetroCity Bankshares, Inc. reported a net income of $13.1 million, or $0.51 per diluted share, for the second quarter of 2023. Total assets increased to $3.48 billion, and total deposits reached $2.70 billion.

MetroCity Bankshares, Inc. reported a net income of $15.7 million, or $0.62 per diluted share, for Q1 2023. This represents an increase from Q4 2022 but a decrease compared to Q1 2022. The increase from the previous quarter was primarily due to higher noninterest income and lower noninterest expense and income tax expense, offset by lower net interest income and a higher provision for credit losses. The decrease from the same quarter last year was mainly due to lower net interest income and noninterest income.

MetroCity Bankshares, Inc. reported a net income of $13.2 million, or $0.52 per diluted share, for Q4 2022, compared to $17.4 million, or $0.68 per diluted share, for Q4 2021. The decrease is primarily attributed to lower net interest income and noninterest income.

MetroCity Bankshares, Inc. reported a net income of $16.9 million, or $0.66 per diluted share, for Q3 2022, which remained consistent with the net income reported for Q3 2021.

MetroCity Bankshares, Inc. reported a net income of $16.1 million, or $0.63 per diluted share, for the second quarter of 2022. This compares to $19.4 million, or $0.76 per diluted share, for the first quarter of 2022, and $14.4 million, or $0.56 per diluted share, for the second quarter of 2021.

Metrocity Bankshares, Inc. reported a net income of $19.4 million, or $0.76 per diluted share, for Q1 2022, compared to $17.4 million, or $0.68 per diluted share, for Q4 2021, and $13.0 million, or $0.50 per diluted share, for Q1 2021.

MetroCity Bankshares, Inc. reported a net income of $17.4 million, or $0.68 per diluted share, for the fourth quarter of 2021, compared to $9.5 million, or $0.37 per diluted share, for the fourth quarter of 2020. For the year ended December 31, 2021, the Company reported net income of $61.7 million, or $2.39 per diluted share, compared to $36.4 million, or $1.41 per diluted share, for the year ended December 31, 2020.

MetroCity Bankshares, Inc. reported a net income of $16.9 million, or $0.66 per diluted share, for the third quarter of 2021, compared to $14.4 million, or $0.56 per diluted share, for the second quarter of 2021.

MetroCity Bankshares, Inc. reported a net income of $14.4 million, or $0.56 per diluted share, for the second quarter of 2021. This represents an increase compared to the previous quarter and the same quarter last year.

MetroCity Bankshares, Inc. reported a net income of $13.0 million, or $0.50 per diluted share, for the first quarter of 2021, compared to $9.8 million, or $0.38 per diluted share, for the first quarter of 2020.

MetroCity Bankshares, Inc. reported a net income of $9.5 million, or $0.37 per diluted share, for the fourth quarter of 2020. Total assets increased by $156.3 million to $1.90 billion from the previous quarter, and total loans increased by $170.4 million to $1.63 billion from the previous quarter.

MetroCity Bankshares, Inc. reported a net income of $9.4 million, or $0.36 per diluted share, for Q3 2020. Total loans increased by $94.9 million, or 7.0%, from the previous quarter.

MetroCity Bankshares, Inc. reported a net income of $7.7 million, or $0.30 per diluted share, for the second quarter of 2020. Total loans increased by $103.4 million, and total deposits increased by $107.0 million from the previous quarter. The Company prioritized the health and safety of its employees and customers during the COVID-19 pandemic.

MetroCity Bankshares, Inc. reported a net income of $9.8 million, or $0.38 per diluted share, for the first quarter of 2020, compared to $8.7 million, or $0.36 per diluted share, for the first quarter of 2019.

Metrocity Bankshares, Inc. reported a net income of $10.7 million, or $0.42 per diluted share, for the fourth quarter of 2019, compared to $9.7 million, or $0.40 per diluted share, for the fourth quarter of 2018.