MetroCity Bankshares, Inc. (MCBS) announced on October 17, 2025 that it earned $17.3 million in net income for the third quarter, up 2.6% from $16.8 million in the second quarter and 3.4% from $16.7 million in the same quarter of 2024. Earnings per diluted share rose to $0.67 from $0.65 in Q2 2025 and $0.65 in Q3 2024.
The increase was driven by a $445,000 rise in non‑interest income, a $672,000 reduction in the provision for credit losses, and a $274,000 drop in income‑tax expense. These gains were partially offset by a $561,000 increase in non‑interest expense and a $386,000 decline in net‑interest income. Net‑interest income itself was $1.5 million higher than in Q3 2024, while the provision for credit losses fell by $1.1 million.
On the balance‑sheet side, total assets stood at $3.63 billion, up $13.8 million from June 30, 2025, and loans held for investment were $2.96 billion, down $161 million. Deposits were $2.69 billion, up $3.6 million. The efficiency ratio for the quarter was 38.7%, slightly higher than the 37.2% recorded in Q2 2025. The company remains in the process of completing its merger with First IC Corporation, expected to close in the fourth quarter of 2025.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.