Business
METROCITY BANKSHARES, INC. REPORTS EARNINGS FOR FIRST QUARTER 2026
MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ: MCBS), holding company for Metro City Bank (the "Bank"), today reported net income of $22.3 million, or $0.77 per diluted share, for the first quarter of 2026, compared to $18.3 million, or $0.68 per diluted share, for the fourth quarter of 2025, and $16.3 million, or $0.63 per diluted share, for the first quarter of 2025.
About this update from Metrocity Bankshares, Inc.
[{"type":"text","content":"ATLANTA, April 24, 2026 /PRNewswire/ -- MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ: MCBS), holding company for Metro City Bank (the "Bank"), today reported net income of $22.3 million, or $0.77 per diluted share, for the first quarter of 2026, compared to $18.3 million, or $0.68 per diluted share, for the fourth quarter of 2025, and $16.3 million, or $0.63 per diluted share, for the first quarter of 2025.","length":461,"tagName":"p"},{"type":"image","alt":"MetroCity Logo (PRNewsfoto/MetroCity Bankshares)","displaySize":"","headline":null,"caption":"MetroCity Logo (PRNewsfoto/MetroCity Bankshares)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":54,"url":"https://media.zenfs.com/en/prnewswire.com/1484cd45f7ec4452b7d8a00c47faa86e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/jS6_bLrnLEzT9694x90GRg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTk1/https://media.zenfs.com/en/prnewswire.com/1484cd45f7ec4452b7d8a00c47faa86e","width":400,"height":54}},"href":"https://mma.prnewswire.com/media/1012060/MetroCity_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"First Quarter 2026 Highlights:","length":30,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Annualized return on average assets was 1.96% compared to 1.80% for the fourth quarter of 2025 and 1.85% for the first quarter of 2025.","length":135,"tagName":"p"}]},{"val":[{"type":"text","content":"Annualized return on average equity was 18.28%, compared to 15.45% for the fourth quarter of 2025 and 15.67% for the first quarter of 2025. Adjusted return on average shareholder's equity1, which excluded average accumulated other comprehensive income and merger-related expenses was 19.36% for the first quarter of 2026, compared to 17.83% for the fourth quarter of 2025, and 16.37% for the first quarter of 2025.","length":418,"tagName":"p"}]},{"val":[{"type":"text","content":"Efficiency ratio was 42.16%, compared to 46.71% for the fourth quarter of 2025 and 38.32% for the first quarter of 2025. Operating efficiency ratio1 was 38.87%, compared to 38.49% for the fourth quarter of 2025 and 37.59% for the first quarter of 2025","length":251,"tagName":"p"}]},{"val":[{"type":"text","content":"Net interest margin was 4.08%, compared to 3.73% for the fourth quarter ...