{"schema_version":"secwatch.filing_event.v1","accession":"0001747068-24-000019","form_type":"8-K","ticker":"MCBS","cik":"0001747068","company_name":"MetroCity Bankshares, Inc.","filed_at":"2024-04-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.871906+00:00","generated_at":"2026-06-03T16:21:35.882089+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"MetroCity Q1 net income $14.6M ($0.57 EPS); up 29% QoQ but down 7% YoY","bullets":["Net income $14.6M ($0.57 diluted EPS) vs $11.3M ($0.44) in Q4 2023 and $15.7M ($0.62) in Q1 2023.","Net interest margin 3.24%, up 7bp from Q4 2023; net interest income rose $963K sequentially.","Total assets $3.65B (+4.1% QoQ); total deposits $2.81B (+3.0% QoQ).","Nonperforming assets $30.3M (0.83% of assets), down from $38.4M at Dec 31, 2023.","Efficiency ratio improved to 37.9% from 45.1% in Q4 2023; ROAA 1.65% vs 1.29% prior quarter."],"urls":{"canonical":"https://secwatch.observer/filing/0001747068-24-000019","json":"https://secwatch.observer/filing/0001747068-24-000019.json","markdown":"https://secwatch.observer/filing/0001747068-24-000019.md","text":"https://secwatch.observer/filing/0001747068-24-000019.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1747068/000174706824000019/0001747068-24-000019-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1747068/000174706824000019/mcbs-20240419x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T16:21:35.882089+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":"9d4bdf091e93c09f6a178d44c85a3dc6d26f5233","claim":"MetroCity Bankshares, Inc. reported first quarter ended March 31, 2024 results: net income $14.6 million, EPS $0.57 per diluted share.","evidence_excerpt":"On April 19, 2024, MetroCity Bankshares, Inc. (the “Company”) issued a press release announcing its results of operations and financial condition for the first quarter ended March 31, 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1747068/000174706824000019/0001747068-24-000019-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Net income","value":"$14.6 million"},{"label":"EPS","value":"$0.57 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"}