Welcome to our dedicated page for Metrocity Bankshares news (Ticker: MCBS), a resource for investors and traders seeking the latest updates and insights on Metrocity Bankshares stock.
MetroCity Bankshares, Inc. (NASDAQ: MCBS) is the bank holding company for Metro City Bank, a Georgia state-chartered bank headquartered in Doraville, Georgia. This news page aggregates company-issued press releases and other coverage related to MetroCity’s operations as a commercial bank, its financial performance, and its corporate actions.
Recent MetroCity news has focused on quarterly earnings announcements, cash dividend declarations, share repurchase program authorizations, and the strategic combination with First IC Corporation. Earnings releases provide detail on net income, net interest income, net interest margin, noninterest income and expense, loan and deposit trends, and asset quality metrics. Dividend and repurchase announcements describe how the board of directors is managing capital and returning value to shareholders.
MetroCity’s news flow also includes updates on its merger and acquisition activity. In 2025, MetroCity and First IC Corporation announced a definitive merger agreement, followed by regulatory and shareholder approvals, an expected closing timeline, and a subsequent release confirming completion of the acquisition of First IC Corporation and First IC Bank. These releases describe the combined company’s approximate asset size, loan and deposit balances, and expanded branch network across Alabama, California, Florida, Georgia, New Jersey, New York, Texas and Virginia.
Investors and observers can use this page to review MetroCity’s historical press releases on earnings for various quarters, details on its interest rate derivatives and balance sheet composition, as well as official communications filed in connection with material events. For ongoing research on MCBS, this news feed offers a centralized view of the company’s reported financial results, strategic transactions and board-level decisions.
MetroCity Bankshares reported a net income of $7.7 million for Q2 2020, down 21.2% from Q1 2020 and 40.3% from Q2 2019. Earnings per diluted share were $0.30, decreasing from $0.38 and $0.53 respectively. Total loans rose 8.2% to $1.36 billion, with $96.1 million funded under the PPP. Total deposits increased by 8.6% to $1.35 billion. The efficiency ratio was 45.6%, worsening from 42.9% in Q1 2020. Annualized return on average assets dropped to 1.89%, down from 2.44% in Q1.
MetroCity Bankshares, Inc. (NASDAQ: MCBS) has declared a quarterly cash dividend of $0.09 per share on its common stock. The dividend is set to be paid on August 7, 2020, to shareholders on record as of July 31, 2020. This announcement reflects the company's commitment to returning value to its shareholders, indicating its ongoing financial stability.