---
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"
generated_at: "2026-06-20T11:54:16.497696+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MetroCity Bankshares Q4 net income $13.2M, down 24.5% YoY; full year net income $65.6M up 6.3%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001747068-23-000006
- JSON: https://secwatch.observer/filing/0001747068-23-000006.json
- Plain text: https://secwatch.observer/filing/0001747068-23-000006.txt

## Key facts
- Earnings Releases
  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.
  - Period: the fourth quarter and year ended December 31, 2022
  - Net income: net income of $13.2 million, or $0.52 per diluted share, for the fourth quarter of 2022
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1747068/000174706823000006/0001747068-23-000006-index.htm

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