---
schema_version: "secwatch.filing_event.v1"
accession: "0001747068-25-000021"
form_type: "8-K"
ticker: "MCBS"
cik: "0001747068"
company_name: "MetroCity Bankshares, Inc."
filed_at: "2025-04-18T23:59:59+00:00"
generated_at: "2026-05-23T11:05:15.137278+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MetroCity Q1 net income $16.3M ($0.63 EPS); acquisition of First IC for $112M cash+stock

## Summary
- Net income $16.3M, up 0.4% from Q4 2024 and 11.4% from Q1 2024; Diluted EPS $0.63.
- Annualized ROAA 1.85%, NIM 3.67% (up 10bps QoQ), efficiency ratio 38.3%.
- Acquisition of First IC Corporation: 3.38M shares + $112M cash, expected close Q4 2025.
- First IC had ~$1.2B assets as of 3/31/25; pro forma combined assets ~$4.8B.
- Merger-related expenses of $262K in Q1; provision for credit losses $135K.

## SEC filing metadata
- accession: 0001747068-25-000021
- form_type: 8-K
- ticker: MCBS
- cik: 0001747068
- company_name: MetroCity Bankshares, Inc.
- filed_at: 2025-04-18T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1747068/000174706825000021/0001747068-25-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1747068/000174706825000021/mcbs-20250418x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001747068-25-000021
- JSON: https://secwatch.observer/filing/0001747068-25-000021.json
- Plain text: https://secwatch.observer/filing/0001747068-25-000021.txt

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