MCBS
MetroCity Bankshares, Inc.28.66
-0.12-0.42%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '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
8-K
10-Q
Q3 FY2025 results
MetroCity Bankshares posted solid Q3 2025 results, with net income climbing 3.4% year-over-year to $17.3 million, or $0.67 diluted EPS, up from $16.7 million and $0.65. Net interest income rose 5.0% to $31.8 million, fueled by a 10 basis point expansion in net interest margin to 3.68%, as deposit costs eased 33 basis points to 3.28% while loan yields held steady at 6.37%. Noninterest income dipped 6.6% to $6.2 million on softer mortgage and SBA loan sale gains, yet noninterest expense grew 7.4% to $14.7 million from higher salaries and merger costs. Loans held for investment fell 6.2% to $2.97 billion, with residential real estate down 11.0%, but the bank shifted $232 million to held-for-sale; deposits edged down 1.6% to $2.69 billion, supported by $425 million in FHLB advances at rates around 4.0%. Cash equivalents stood at $227 million, with $1.29 billion in total borrowing capacity. Non-GAAP metrics not disclosed in the 10-Q. Pending First IC merger, set for Q4 2025 with $112 million cash and 3.4 million shares, eyes $4.8 billion assets post-close. Yet competition in Asian-American markets could pressure deposit growth.
8-K
Quarterly dividend declared
MetroCity Bankshares declared a quarterly cash dividend of $0.25 per share on October 15, 2025, payable November 7 to shareholders of record on October 29. This steady payout underscores the company's reliable earnings stream amid stable banking operations. Dividends remain a core return mechanism for investors.
8-K
Extends share buyback program
MetroCity Bankshares extended its share repurchase program on September 17, 2025, authorizing up to 923,976 shares of common stock starting October 1, 2025, through September 30, 2026. This signals board confidence in the company's value amid market conditions. Repurchases will follow SEC rules like 10b-18, via open market or private deals. The program can halt anytime. It bolsters shareholder returns without fixed commitments.
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