{"schema_version":"secwatch.filing_event.v1","accession":"0001747068-23-000057","form_type":"8-K","ticker":"MCBS","cik":"0001747068","company_name":"MetroCity Bankshares, Inc.","filed_at":"2023-07-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.076369+00:00","generated_at":"2026-06-13T05:02:22.008391+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"MetroCity Bankshares Q2 2023 EPS $0.51, net income down 18.6% YoY","bullets":["Net income of $13.1M ($0.51 diluted EPS) vs $16.1M ($0.63) in Q2 2022.","Net interest margin fell to 3.10% from 3.30% in Q1 2023 and 4.26% in Q2 2022.","Total deposits increased $54.4M to $2.70B, driven by money market and time deposits.","Nonperforming assets rose to $23.6M (0.68% of total assets) from $19.5M in Q1 2023.","Uninsured deposits were 30.7% of total deposits; available borrowing capacity of $1.19B."],"urls":{"canonical":"https://secwatch.observer/filing/0001747068-23-000057","json":"https://secwatch.observer/filing/0001747068-23-000057.json","markdown":"https://secwatch.observer/filing/0001747068-23-000057.md","text":"https://secwatch.observer/filing/0001747068-23-000057.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1747068/000174706823000057/0001747068-23-000057-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1747068/000174706823000057/mcbs-20230721x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T05:02:22.008391+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":"779fdb5de3ed7bec92bd92d4c49c9f087d1adf27","claim":"MetroCity Bankshares, Inc. reported the second quarter ended June 30, 2023 results: net income $13.1 million, EPS $0.51 per diluted share.","evidence_excerpt":"MetroCity Bankshares, Inc. (“MetroCity” or the “Company”) (NASDAQ: MCBS), holding company for Metro City Bank (the “Bank”), today reported net income of $13.1 million, or $0.51 per diluted share, for the second quarter of 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1747068/000174706823000057/0001747068-23-000057-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter ended June 30, 2023"},{"label":"Net income","value":"$13.1 million"},{"label":"EPS","value":"$0.51 per diluted share"},{"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"}