MetroCity Bankshares files First IC merger financials; total consideration $202M

MetroCity Bankshares, Inc.

Total merger consideration: $202.3M consisting of 3.38M shares and $110.7M cash plus $1.1M for option cancellations.
Pro forma net income $92.5M and diluted EPS $3.23 for FY2024; $65.2M and $2.24 for 9mo 2025.
Goodwill of $55.9M and core deposit intangible of $12.7M recorded on balance sheet.
Preliminary purchase price allocation shows net assets acquired at fair value of $146.4M.
First IC contributed $1.04B loans and $919M deposits at 9/30/25 fair values.

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