MetroCity Bankshares Q1 FY26 net income climbs 21.9% to $22.3 million

• MetroCity Bankshares posted first-quarter 2026 net income of $22.3 million, up 21.9%, with diluted EPS of $0.77.
• Net interest income climbed to $44.5 million as net interest margin widened 35 basis points to 4.08%.
• Noninterest income slipped 18.7% to $6.4 million on lower residential mortgage gains and servicing income.
• Noninterest expense increased 4.9% to $21.4 million, partly offset by lower merger-related costs.
• Asset quality improved as MetroCity recorded a $813,000 recovery for credit losses, while nonperforming assets fell to $17.2 million, or 0.37% of total assets.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Metrocity Bankshares Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202604241600PR_NEWS_USPR_____CL42325) on April 24, 2026, and is solely responsible for the information contained therein.