MetroCity Bankshares, Inc. reported net income of $16.8 million, or $0.65 per diluted share, for the second quarter of 2025. This represents a 3.2% increase from $16.3 million in the first quarter of 2025, though a 0.7% decrease from $16.9 million in the second quarter of 2024.
For the six months ended June 30, 2025, net income was $33.1 million, or $1.29 per diluted share, an increase of 4.9% from $31.6 million in the same period of 2024. The Net Interest Margin (NIM) for Q2 2025 expanded by ten basis points to 3.77% from 3.67% in the prior quarter, and by 11 basis points from 3.66% in Q2 2024.
Total assets were $3.62 billion at June 30, 2025, with loans held for investment at $3.12 billion, a 0.4% decrease from March 31, 2025. Total deposits decreased by $47.5 million to $2.69 billion from March 31, 2025. Nonperforming assets remained at $18.5 million, or 0.51% of total assets.
The provision for credit losses decreased to $129,000 during the second quarter of 2025 from $135,000 in the first quarter of 2025. Noninterest expenses included $333,000 of First IC merger-related expenses for the quarter, bringing the year-to-date merger-related expenses to $596,000.
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