MCBS
MetroCity Bankshares, Inc.28.66
-0.12-0.42%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
825.93MP/E (TTM)
11.07Basic EPS (TTM)
2.59Dividend Yield
0.03%Recent Filings
8-K
10-K
FY2025 results
MetroCity Bankshares closed FY2025 ended December 31, 2025 with total assets of $4.77B, up 32.7% y/y, driven by the December 1 acquisition of First IC adding $1.13B assets including $1.01B loans and $878M deposits for $202M consideration ($90M stock, $112M cash). Legacy assets dipped 0.6% to $3.57B as residential loans fell 8.3% to $2.38B (58% mix) after $310M Q4 sales, offset by 10.4% commercial real estate growth to $1.56B (38% mix); net income rose 6.2% y/y to $68.5M with NIM expanding 21bps to 3.72% on deposit cost relief. Q4 momentum shone via accelerated residential originations ($465M y/y) and sales at 1.35% premium, while brokered deposits held steady at 20.5% mix and FHLB debt climbed to $510M. Repurchased 104K shares Q4 at ~$26; liquidity robust with $1.23B borrowing lines. Elevated CRE concentration (38%) risks collateral erosion.
8-K
First IC acquisition boosts earnings
MetroCity Bankshares completed its acquisition of First IC on December 1, 2025, boosting Q4 net income to $18.3M from $17.3M prior quarter while NIM rose to 3.73%. Loans hit $4.1B and deposits $3.65B, fueled by $1.1B and $953M acquired balances. Merger expenses spiked efficiency ratio to 46.7%. Integration risks loom.
8-K
Acquisition closes, assets hit $4.8B
MetroCity Bankshares completed its acquisition of First IC Corporation after market close on December 1, 2025, issuing 3,384,381 shares of MCBS stock and $110.6 million cash to FIEB shareholders per the March 16 agreement. The deal catapults total assets to $4.8 billion, loans to $4.0 billion, and deposits to $3.6 billion across 30 branches in eight states. Banks merged seamlessly. Forward-looking benefits hinge on integration risks detailed in SEC filings.
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