---
schema_version: "secwatch.filing_event.v1"
accession: "0001747068-24-000070"
form_type: "8-K"
ticker: "MCBS"
cik: "0001747068"
company_name: "MetroCity Bankshares, Inc."
filed_at: "2024-10-18T23:59:59+00:00"
generated_at: "2026-05-30T12:47:54.913620+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# MetroCity Q3 net income $16.7M ($0.65 EPS), NIM expands YoY but contracts QoQ

## Summary
- Q3 2024 net income $16.7M ($0.65 diluted EPS) vs $16.9M ($0.66) in Q2 and $11.4M ($0.45) in Q3 2023.
- Net interest margin 3.58%, down 8 bps QoQ but up 64 bps YoY; efficiency ratio improved to 37.0%.
- Noninterest income $6.6M, up 19% QoQ driven by $28.9M SBA loan sales (6.67% premium).
- Loans held for investment $3.09B, flat QoQ; deposits down 0.8%; nonperforming assets 0.44% of total assets.
- Allowance for credit losses 0.60% of loans; net charge-offs near zero.

## SEC filing metadata
- accession: 0001747068-24-000070
- form_type: 8-K
- ticker: MCBS
- cik: 0001747068
- company_name: MetroCity Bankshares, Inc.
- filed_at: 2024-10-18T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1747068/000174706824000070/0001747068-24-000070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1747068/000174706824000070/mcbs-20241018x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001747068-24-000070
- JSON: https://secwatch.observer/filing/0001747068-24-000070.json
- Plain text: https://secwatch.observer/filing/0001747068-24-000070.txt

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