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MetroCity Bankshares shareholders elect all directors, ratify auditors at annual meeting
Quorum of 71.19% (20,401,807 of 28,660,042 shares) represented at May 21, 2026 meeting.
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MetroCity Bankshares Q1 net income $22.3M ($0.77 EPS), up 37% YoY
Net income of $22.3M ($0.77 diluted EPS) vs $18.3M ($0.68) in Q4 2025 and $16.3M ($0.63) in Q1 2025.
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MetroCity Bankshares declares $0.29 quarterly dividend, payable May 8, 2026
Quarterly cash dividend of $0.29 per share on common stock declared.
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CFO Lucas Stewart resigns; President Farid Tan named interim CFO
Lucas Stewart resigned as EVP and CFO effective April 3, 2026.
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MetroCity Bankshares files First IC merger financials; total consideration $202M
Total merger consideration: $202.3M consisting of 3.38M shares and $110.7M cash plus $1.1M for option cancellations.
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MetroCity Q4 net income $18.3M ($0.68 EPS) up 13% YoY; full-year EPS $2.64 vs $2.52
Q4 2025 net income $18.3M ($0.68 diluted) vs $16.2M ($0.63) in Q4 2024; full-year net income $68.7M ($2.64) vs $64.5M ($2.52).
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MetroCity Bankshares declares $0.25 quarterly dividend, payable Feb 13
Quarterly cash dividend of $0.25 per share on common stock declared.
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MetroCity Bankshares completes acquisition of First IC Corporation for ~$110.6M cash and 3.38M shares
Each FIEB share converted into 0.3729 MCBS shares plus $12.19 cash; aggregate consideration ~3.38M shares and ~$110.6M cash.
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MetroCity Bankshares and First IC set December 1, 2025 merger close
Merger of First IC into MetroCity expected to close on December 1, 2025.
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MetroCity Q3 net income $17.3M ($0.67 EPS), up 2.6% QoQ and 3.4% YoY; First IC merger on track for Q4
Net income $17.3M ($0.67 diluted EPS), vs $16.8M ($0.65) in Q2 2025 and $16.7M ($0.65) in Q3 2024.
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MetroCity Bankshares declares $0.25 quarterly dividend
Quarterly cash dividend of $0.25 per share declared by board on October 15, 2025.
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MetroCity Bankshares extends share repurchase program; authorizes up to 923,976 shares
Board approved continuation of share repurchase program from Oct 1, 2025 to Sep 30, 2026.
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MetroCity Q2 net income $16.8M ($0.65 EPS); NIM expands to 3.77%; merger with First IC on track for Q4
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.
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MetroCity Bankshares declares $0.25 quarterly dividend payable Aug 8, 2025
Quarterly cash dividend of $0.25 per share declared on July 16, 2025.
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MetroCity and First IC get regulatory and shareholder approvals; merger expected Q4 2025
All required regulatory approvals and non-objections received for merger of FIEB into MCBS and subsequent bank merger.
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MetroCity Bankshares appoints David Shim as director effective June 18, 2025
David Shim appointed to boards of MetroCity Bankshares and Metro City Bank effective June 18, 2025.
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MetroCity Bankshares annual meeting elects four directors, approves advisory votes
All four director nominees elected: Hwasaeng Kim, Feiying Lu, Frank S. Rhee, John Paek.
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MetroCity Q1 net income $16.3M ($0.63 EPS); acquisition of First IC for $112M cash+stock
Net income $16.3M, up 0.4% from Q4 2024 and 11.4% from Q1 2024; Diluted EPS $0.63.
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MetroCity Bankshares declares $0.23 quarterly dividend
Quarterly cash dividend of $0.23 per share on common stock.
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MetroCity Bankshares director Sam Sang-Koo Shim to resign effective May 31, 2025
Director Sam Sang-Koo Shim resigns from MetroCity Bankshares and Metro City Bank boards, eff. May 31, 2025.
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MetroCity Bankshares to acquire First IC Corp for ~$112M cash + 3.38M shares
Combined merger consideration: $111,965,213 cash (subject to adjustments) plus 3,384,588 shares of MCBS common stock.
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MetroCity Q4 EPS $0.63, down QoQ but up 43% YoY; FY 2024 income up 25%
Net income $16.2M ($0.63 diluted EPS) vs Q3 $16.7M ($0.65) and Q4 2023 $11.3M ($0.44).
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MetroCity Bankshares declares $0.23 quarterly dividend, payable Feb 7
Quarterly cash dividend of $0.23 per share on common stock declared.
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MetroCity Q3 net income $16.7M ($0.65 EPS), NIM expands YoY but contracts QoQ
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.
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MetroCity Bankshares declares $0.23 quarterly dividend, authorizes repurchase of up to 925,250 shares
Quarterly cash dividend of $0.23 per share declared, payable Nov 8, 2024 to holders of record Oct 30, 2024.
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MetroCity Bankshares appoints John Paek to Board; son of Chairman and CEO
John Paek appointed to board of MetroCity Bankshares and Metro City Bank, effective September 18, 2024.
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MCBS files investor presentation for KBW conference; no key metrics disclosed in excerpt
Furnishes investor presentation for KBW Community Bank Investor Conference on July 30-31, 2024.
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MetroCity Q2 net income $16.9M, EPS $0.66; NIM expands 42 bps to 3.66%
Net income $16.9M ($0.66 diluted EPS) vs Q1 2024 $14.6M ($0.57) and Q2 2023 $13.1M ($0.51).
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MetroCity Bankshares declares $0.20 quarterly dividend payable Aug 9
Quarterly cash dividend of $0.20 per share on common stock declared.
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MetroCity Bankshares shareholders elect three Class III directors and ratify Crowe as auditor
Elected Don T.P. Leung (18,115,658 for), Ajit Patel (16,584,011 for), Farid Tan (17,872,763 for) as Class III directors.
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MetroCity Q1 net income $14.6M ($0.57 EPS); up 29% QoQ but down 7% YoY
Net income $14.6M ($0.57 diluted EPS) vs $11.3M ($0.44) in Q4 2023 and $15.7M ($0.62) in Q1 2023.
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MetroCity Bankshares declares $0.20 quarterly dividend, payable May 10, 2024
$0.20 per share quarterly cash dividend declared on common stock.
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Director Young Park to resign from MetroCity Bankshares board effective May 31, 2024
Young Park notified his resignation from the board and compensation committee, effective May 31, 2024.
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MetroCity Q4 net income $11.3M ($0.44 EPS); FY 2023 net income down 17.6% to $51.6M
Q4 net income $11.3M ($0.44 diluted EPS) vs $11.4M ($0.45) Q3 and $10.2M ($0.40) Q4 2022.
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MetroCity Bankshares declares $0.20 quarterly dividend, payable Feb 9
Quarterly cash dividend of $0.20 per share on common stock declared.
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MetroCity Q3 net income $11.4M ($0.45 EPS) down 32% YoY; NIM compresses to 2.94%
Net income of $11.4M ($0.45 diluted EPS) vs $13.1M ($0.51) in Q2'23 and $16.9M ($0.66) in Q3'22.
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MetroCity Bankshares declares $0.18 quarterly dividend payable Nov 10
Quarterly cash dividend of $0.18 per share declared on October 18, 2023.
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MetroCity Bankshares authorizes up to 1M share repurchase program starting Sept 6, 2023
Board approved repurchase of up to 1,000,000 common shares under a new program effective Sept 6, 2023 through Sept 30, 2024.
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MetroCity Bankshares presents at KBW Community Bank Investor Conference; no new material disclosure
Company furnished investor presentation for August 8-9, 2023 conference, but full presentation content not available in this filing excerpt.
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MetroCity Bankshares Q2 2023 EPS $0.51, net income down 18.6% YoY
Net income of $13.1M ($0.51 diluted EPS) vs $16.1M ($0.63) in Q2 2022.
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MetroCity Bankshares declares $0.18 quarterly dividend payable Aug 11
Quarterly cash dividend of $0.18 per share declared by board of directors.
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Shareholders elect four Class II directors and ratify Crowe LLP at 2023 annual meeting
Directors elected: Frank Glover (17,507,384 for), William Hungeling (17,769,745), Francis Lai (15,129,818), Nack Paek (17,765,105).
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MetroCity Q1 net income $15.7M ($0.62 EPS) up 54% QoQ but down 19% YoY; NIM 3.30%
Net income $15.7M, diluted EPS $0.62, up 54% from Q4 2022 but down 19% YoY.
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MetroCity Bankshares declares $0.18 quarterly dividend, payable May 12, 2023
Quarterly cash dividend of $0.18 per share declared by the board.
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MetroCity Bankshares Q4 net income $13.2M, down 24.5% YoY; full year net income $65.6M up 6.3%
Q4 net income $13.2M ($0.52 diluted EPS), down 22% from Q3 2022 and 24.5% from Q4 2021.
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MetroCity Bankshares declares $0.18 quarterly cash dividend, payable Feb 10, 2023
Quarterly cash dividend of $0.18 per share declared.
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MetroCity Q3 net income $16.9M ($0.66 EPS); NIM shrinks 42bps to 3.84%
Q3 2022 diluted EPS $0.66 vs Q2 $0.63 and Q3 2021 $0.66; net income $16.9M flat YoY.
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MetroCity Bankshares declares $0.15 quarterly cash dividend
Quarterly dividend of $0.15 per share declared on common stock.
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MetroCity Q2 net income $0.63 EPS, down from $0.76 QoQ; NPAs double to $34M
Net income $16.1M ($0.63 diluted EPS) vs $19.4M ($0.76) in Q1 2022 and $14.4M ($0.56) in Q2 2021.
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MetroCity Bankshares declares $0.15 quarterly cash dividend
Quarterly cash dividend of $0.15 per share declared on July 20, 2022.