MetroCity Bankshares reported second-quarter 2026 net income of $22.1 million, or $0.76 per diluted share, essentially flat with Q1 2026 and up from $16.8 million in Q2 2025. For the six months ended June 30, 2026, net income totaled $44.4 million, or $1.53 per diluted share, versus $33.1 million in the same period a year earlier. The results reflected higher net interest income driven by loan growth from the First IC acquisition, partially offset by higher noninterest expenses and merger-related items.

Financial Highlights

  • Net income: $22.1 million for Q2 2026; $44.4 million for H1 2026.
  • Diluted earnings per share: $0.76 for Q2 2026; $1.53 for the six months ended June 30, 2026.
  • Net interest income: $44.0 million in Q2 2026 (interest income $70.4M; interest expense $26.4M).
  • Net interest margin: 4.11% in Q2 2026 (up from 3.77% in Q2 2025).
  • Efficiency ratio: 40.08% for Q2 2026; operating efficiency ratio 39.54% (non-GAAP).

Business Highlights

  • Acquisition impact: Results benefited from the First IC acquisition completed in Q4 2025, which increased average gross loans and deposits year-over-year.
  • Loan portfolio: Loans held for investment were $3.96 billion at June 30, 2026, reflecting a year-over-year increase of $834.8 million due primarily to the acquisition; quarter-over-quarter loans decreased modestly.
  • Deposits and funding: Total deposits were $3.49 billion at June 30, 2026, up $799.9 million year-over-year; uninsured deposits represented 33.1% of total deposits.
  • SBA and mortgage activities: Continued SBA servicing and sales activity (SBA loans sold $27.1M in Q2 2026) with mortgage production of $75.4M in Q2 2026 and no mortgage loan sales in the quarter.
  • Asset quality and reserves: Nonperforming assets were $18.7 million (0.41% of total assets) with an allowance for credit losses of $25.8 million (0.65% of total loans) at June 30, 2026.

Original SEC Filing:

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