{"schema_version":"secwatch.filing_event.v1","accession":"0001747068-24-000007","form_type":"8-K","ticker":"MCBS","cik":"0001747068","company_name":"MetroCity Bankshares, Inc.","filed_at":"2024-01-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.378822+00:00","generated_at":"2026-06-06T20:08:47.779478+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"MetroCity Q4 net income $11.3M ($0.44 EPS); FY 2023 net income down 17.6% to $51.6M","bullets":["Q4 net income $11.3M ($0.44 diluted EPS) vs $11.4M ($0.45) Q3 and $10.2M ($0.40) Q4 2022.","FY 2023 net income $51.6M ($2.02 diluted EPS) down from $62.6M ($2.44) in FY 2022.","Net interest margin improved to 3.17% from 2.94% QoQ; loans grew 4.4% to $3.16B.","Nonperforming assets rose to 1.10% of total assets from 0.71% a year ago; allowance 0.58%.","Efficiency ratio 45.1% in Q4 vs 40.0% a year ago; full year 39.9% vs 35.8%."],"urls":{"canonical":"https://secwatch.observer/filing/0001747068-24-000007","json":"https://secwatch.observer/filing/0001747068-24-000007.json","markdown":"https://secwatch.observer/filing/0001747068-24-000007.md","text":"https://secwatch.observer/filing/0001747068-24-000007.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1747068/000174706824000007/0001747068-24-000007-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1747068/000174706824000007/mcbs-20240123x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T20:08:47.779478+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":"48d4c1c7fdf6400194ec284880ead92005d5dccd","claim":"MetroCity Bankshares, Inc. reported the fourth quarter and year ended December 31, 2023 results: net income net income of $11.3 million, or $0.44 per diluted share, for the fourth quarter of 2023.","evidence_excerpt":"On January 23, 2024, 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, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1747068/000174706824000007/0001747068-24-000007-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter and year ended December 31, 2023"},{"label":"Net income","value":"net income of $11.3 million, or $0.44 per diluted share, for the fourth quarter of 2023"},{"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"}