{"schema_version":"secwatch.filing_event.v1","accession":"0001747068-22-000036","form_type":"8-K","ticker":"MCBS","cik":"0001747068","company_name":"MetroCity Bankshares, Inc.","filed_at":"2022-07-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:56.893832+00:00","generated_at":"2026-06-24T09:37:42.425626+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"MetroCity Q2 net income $0.63 EPS, down from $0.76 QoQ; NPAs double to $34M","bullets":["Net income $16.1M ($0.63 diluted EPS) vs $19.4M ($0.76) in Q1 2022 and $14.4M ($0.56) in Q2 2021.","Total loans grew 10.3% QoQ to $2.77B; net interest margin 4.26%, up from 4.16% QoQ but down from 4.60% YoY.","Noninterest income fell 39.2% QoQ to $4.7M, largely due to SBA servicing fair-value loss of $2.3M and no SBA loan sales.","Nonperforming assets jumped to $34.0M (1.07% of assets) from $16.0M (0.51%) at March 31, 2022; no provision for loan losses.","Efficiency ratio worsened to 37.6% from 31.8% QoQ; annualized ROAA 2.16% vs 2.52% prior quarter."],"urls":{"canonical":"https://secwatch.observer/filing/0001747068-22-000036","json":"https://secwatch.observer/filing/0001747068-22-000036.json","markdown":"https://secwatch.observer/filing/0001747068-22-000036.md","text":"https://secwatch.observer/filing/0001747068-22-000036.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1747068/000174706822000036/0001747068-22-000036-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1747068/000174706822000036/mcbs-20220722x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-24T09:37:42.425626+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}