---
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"
generated_at: "2026-06-24T09:37:42.425626+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# MetroCity Q2 net income $0.63 EPS, down from $0.76 QoQ; NPAs double to $34M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001747068-22-000036
- JSON: https://secwatch.observer/filing/0001747068-22-000036.json
- Plain text: https://secwatch.observer/filing/0001747068-22-000036.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.