MetroCity Bankshares Reports Second Quarter Earnings for 2026
MetroCity Bankshares (NASDAQ: MCBS) reported net income of $22.1 million, or $0.76 per diluted share, in the second quarter of 2026. This represents a slight decline from Q1's earnings but marks an increase compared to the same period in 2025 due to its acquisition of First IC Corporation late last year. Key financial metrics for MetroCity include an annualized return on average assets (ROAA) of 1.96% and a net interest margin of 4.11%. The efficiency ratio rose slightly from Q1 but remained below the prior-year level, while adjusted ROE was reported at 17.70%, down modestly compared to earlier in the year. For the six months ended June 30, 2026, MetroCity's net income reached $44.4 million or $1.53 per diluted share—up from $33.1 million for the same period in 2025. The improvement is attributed to increased interest and noninterest income driven by the First IC acquisition.
Tickers: $MCBS
Topics: banking financial_performance