MetroCity Bankshares Reports Earnings for Second Quarter 2026

MetroCity Bankshares, Inc. reported a net income of $22.1 million, or $0.76 per diluted share, for the second quarter ended June 30, 2026. This figure marks a slight decrease from the $22.3 million net income recorded in the first quarter of 2026.

Compared to the second quarter of 2025, when net income was $16.8 million, the company has seen a substantial increase of 31.5%. This growth is largely attributed to the acquisition of First IC Corporation, which was completed in the fourth quarter of 2025.

For the first six months of 2026, MetroCity Bankshares generated a net income of $44.4 million, or $1.53 per diluted share, a significant rise from $33.1 million in the same period of 2025. The acquisition of First IC Corporation also played a key role in this year-to-date financial performance.

Key financial metrics for the second quarter include an annualized return on average assets of 1.96% and an annualized return on equity of 17.52%. The net interest margin stood at 4.11%. Year-to-date, the return on average assets improved to 2.01% and the return on average equity rose to 17.90%.