---
schema_version: "secwatch.filing_event.v1"
accession: "0001747068-22-000047"
form_type: "8-K"
ticker: "MCBS"
cik: "0001747068"
company_name: "MetroCity Bankshares, Inc."
filed_at: "2022-10-21T23:59:59+00:00"
generated_at: "2026-06-23T02:00:00.387181+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# MetroCity Q3 net income $16.9M ($0.66 EPS); NIM shrinks 42bps to 3.84%

## Summary
- Q3 2022 diluted EPS $0.66 vs Q2 $0.63 and Q3 2021 $0.66; net income $16.9M flat YoY.
- Net interest margin fell to 3.84% from 4.26% QoQ as deposit costs surged 95bps.
- Total assets hit $3.35B (+5.7% QoQ); loans grew 7.5% to $2.98B; deposits up 7.3% to $2.57B.
- Recorded $1.7M credit provision for loan losses (negative expense) vs $2.6M provision expense in Q3 2021.
- Nonperforming assets fell to $32.5M (0.97% of assets) from $34.0M at June 30, 2022.

## SEC filing metadata
- accession: 0001747068-22-000047
- form_type: 8-K
- ticker: MCBS
- cik: 0001747068
- company_name: MetroCity Bankshares, Inc.
- filed_at: 2022-10-21T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1747068/000174706822000047/0001747068-22-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1747068/000174706822000047/mcbs-20221021x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001747068-22-000047
- JSON: https://secwatch.observer/filing/0001747068-22-000047.json
- Plain text: https://secwatch.observer/filing/0001747068-22-000047.txt

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