secwatch.observer — SEC 8-K summary
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Issuer:     MetroCity Bankshares, Inc. (MCBS)
CIK:        0001747068
Form:       8-K
Filed at:   2025-07-18T23:59:59+00:00
Accession:  0001747068-25-000047
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MetroCity Q2 net income $16.8M ($0.65 EPS); NIM expands to 3.77%; merger with First IC on track for Q4
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- Net income $16.8M, up 3.2% from $16.3M in Q1 2025; diluted EPS $0.65 vs $0.63 Q1 and $0.66 yr-ago.
- Net interest margin 3.77%, up 10 bps from 3.67% Q1; loan portfolio $3.12B, down 0.4% sequentially.
- Merger with First IC Corporation approved by regulators and shareholders; expected to close early Q4 2025.
- Nonperforming assets $15.2M (0.42% of assets), down from $18.5M at March 31; allowance 0.60% of loans.
- Total deposits $2.69B, down 1.7% from prior quarter; uninsured deposits 25.1% of total.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1747068/000174706825000047/0001747068-25-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1747068/000174706825000047/mcbs-20250718x8k.htm
  HTML page:      https://secwatch.observer/filing/0001747068-25-000047

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