{"schema_version":"secwatch.filing_event.v1","accession":"0001747068-23-000078","form_type":"8-K","ticker":"MCBS","cik":"0001747068","company_name":"MetroCity Bankshares, Inc.","filed_at":"2023-10-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.298517+00:00","generated_at":"2026-06-09T18:42:30.734464+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 Q3 net income $11.4M ($0.45 EPS) down 32% YoY; NIM compresses to 2.94%","bullets":["Net income of $11.4M ($0.45 diluted EPS) vs $13.1M ($0.51) in Q2'23 and $16.9M ($0.66) in Q3'22.","Net interest margin fell 16 bps QoQ to 2.94% from 3.10% as deposit costs rose 23 bps.","Nonperforming assets increased to $37.8M (1.08% of assets) from $23.6M (0.68%) at June 30, 2023.","SBA loan sales dropped sharply: $5.2M in Q3 vs $30.3M in Q2, driving noninterest income down 39%.","Total assets $3.51B (+1.0% QoQ); deposits $2.72B (+0.7%); loan growth modest at $9.2M."],"urls":{"canonical":"https://secwatch.observer/filing/0001747068-23-000078","json":"https://secwatch.observer/filing/0001747068-23-000078.json","markdown":"https://secwatch.observer/filing/0001747068-23-000078.md","text":"https://secwatch.observer/filing/0001747068-23-000078.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1747068/000174706823000078/0001747068-23-000078-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1747068/000174706823000078/mcbs-20231020x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T18:42:30.734464+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":"9b3b82d22c5b2d0dc1febcb5c584033e5ed7e2fa","claim":"MetroCity Bankshares, Inc. reported the nine months ended September 30, 2023 results: net income net income of $40.3 million, or $1.58 per diluted share, EPS $1.58 per diluted share.","evidence_excerpt":"For the nine months ended September 30, 2023, the Company reported net income of $40.3 million, or $1.58 per diluted share, compared to $52.4 million, or $2.04 per diluted share, for the same period in 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1747068/000174706823000078/0001747068-23-000078-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the nine months ended September 30, 2023"},{"label":"Net income","value":"net income of $40.3 million, or $1.58 per diluted share"},{"label":"EPS","value":"$1.58 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"a6aaa39571a797db3d2a7b6c4b3faee562e1d2f6","claim":"MetroCity Bankshares, Inc. reported the third quarter ended September 30, 2023 results: net income net income of $11.4 million, or $0.45 per diluted share, EPS $0.45 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 $11.4 million, or $0.45 per diluted share, for the third quarter of 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1747068/000174706823000078/0001747068-23-000078-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter ended September 30, 2023"},{"label":"Net income","value":"net income of $11.4 million, or $0.45 per diluted share"},{"label":"EPS","value":"$0.45 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"}