MetroCity Bankshares ( (MCBS) ) has released its Q3 earnings. Here is a breakdown of the information MetroCity Bankshares presented to its investors.
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MetroCity Bankshares, Inc., a Georgia-based bank holding company, operates through its subsidiary Metro City Bank, providing financial services across multiple states in the United States. The company is known for its presence in multi-ethnic communities and offers a range of banking products and services.
In the third quarter of 2025, MetroCity Bankshares reported a net income of $17.3 million, marking a slight increase from the previous quarter and the same period last year. The company also announced progress in its merger with First IC Corporation, which is expected to complete by the end of the year.
Key financial metrics for the quarter included an annualized return on average assets of 1.89% and a net interest margin of 3.68%. Total loans increased by $71.6 million, reaching $3.20 billion. However, the efficiency ratio rose to 38.7%, indicating higher operational costs. Additionally, the company recorded a decrease in noninterest income compared to the previous year, primarily due to lower gains on loan sales.
Looking ahead, MetroCity Bankshares remains focused on completing its merger with First IC Corporation, which is anticipated to enhance its market presence and operational capabilities. The management is cautiously optimistic about navigating the current economic landscape while continuing to deliver value to its shareholders.