secwatch.observer — SEC 8-K summary
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Issuer:     MetroCity Bankshares, Inc. (MCBS)
CIK:        0001747068
Form:       8-K/A
Filed at:   2026-02-12T23:59:59+00:00
Accession:  0001747068-26-000007
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1747068/000174706826000007/0001747068-26-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1747068/000174706826000007/mcbs-20260212x8ka.htm
  HTML page:      https://secwatch.observer/filing/0001747068-26-000007

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