---
schema_version: "secwatch.filing_event.v1"
accession: "0001747068-24-000046"
form_type: "8-K"
ticker: "MCBS"
cik: "0001747068"
company_name: "MetroCity Bankshares, Inc."
filed_at: "2024-07-19T23:59:59+00:00"
generated_at: "2026-05-31T19:07:51.810407+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# MetroCity Q2 net income $16.9M, EPS $0.66; NIM expands 42 bps to 3.66%

## Summary
- Net income $16.9M ($0.66 diluted EPS) vs Q1 2024 $14.6M ($0.57) and Q2 2023 $13.1M ($0.51).
- Net interest margin 3.66%, up 42 bps from prior quarter; efficiency ratio improved to 35.9%.
- Loans held for investment $3.09B (-0.8% QoQ); total deposits $2.75B (-2.4% QoQ).
- Nonperforming assets $27.0M (0.75% of assets) vs $30.3M (0.83%) at March 31, 2024.
- Credit provision of $128K recovery in Q2; allowance for credit losses stable at 0.58% of loans.

## SEC filing metadata
- accession: 0001747068-24-000046
- form_type: 8-K
- ticker: MCBS
- cik: 0001747068
- company_name: MetroCity Bankshares, Inc.
- filed_at: 2024-07-19T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1747068/000174706824000046/0001747068-24-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1747068/000174706824000046/mcbs-20240719x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001747068-24-000046
- JSON: https://secwatch.observer/filing/0001747068-24-000046.json
- Plain text: https://secwatch.observer/filing/0001747068-24-000046.txt

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