{"schema_version":"secwatch.filing_event.v1","accession":"0001747068-23-000006","form_type":"8-K","ticker":"MCBS","cik":"0001747068","company_name":"MetroCity Bankshares, Inc.","filed_at":"2023-01-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.395210+00:00","generated_at":"2026-06-20T11:54:16.497696+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"MetroCity Bankshares Q4 net income $13.2M, down 24.5% YoY; full year net income $65.6M up 6.3%","bullets":["Q4 net income $13.2M ($0.52 diluted EPS), down 22% from Q3 2022 and 24.5% from Q4 2021.","Full year net income $65.6M ($2.55 EPS), up 6.3% from $61.7M in 2021.","Net interest margin fell 26 bps to 3.58% in Q4; deposit costs rose 113 bps QoQ.","Noninterest income dropped 64.8% QoQ to $1.8M, hurt by lower mortgage fees and $1.2M SBA servicing write-down.","Total loans grew 22% YoY to $3.06B; nonperforming assets declined to 0.71% of assets."],"urls":{"canonical":"https://secwatch.observer/filing/0001747068-23-000006","json":"https://secwatch.observer/filing/0001747068-23-000006.json","markdown":"https://secwatch.observer/filing/0001747068-23-000006.md","text":"https://secwatch.observer/filing/0001747068-23-000006.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1747068/000174706823000006/0001747068-23-000006-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1747068/000174706823000006/mcbs-20230123x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T11:54:16.497696+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":[{"claim_id":"69de69fcacc658b88f7c07ce1f52577a3c00db71","claim":"MetroCity Bankshares, Inc. reported the fourth quarter and year ended December 31, 2022 results: net income net income of $13.2 million, or $0.52 per diluted share, for the fourth quarter of 2022.","evidence_excerpt":"On January 23, 2023, MetroCity Bankshares, Inc. (the “Company”) issued a press release announcing its results of operations and financial condition for the fourth quarter and year ended December 31, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1747068/000174706823000006/0001747068-23-000006-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter and year ended December 31, 2022"},{"label":"Net income","value":"net income of $13.2 million, or $0.52 per diluted share, for the fourth quarter of 2022"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}