MetroCity Bankshares' Q2 net interest income rises

MetroCity Bankshares

18/07/2025 15:15

Overview

Metrocity's Q2 net income rises 3.2% from Q1, driven by higher interest income

Net interest margin improves to 3.77% from 3.67% in Q1

Company receives regulatory approval for merger with First IC Corporation

Outlook

Company expects merger with First IC to complete in Q4 2025

Result Drivers

INTEREST INCOME - Increase in net interest income driven by higher average interest-earning cash and fed funds sold balance and increased loan yield

NONINTEREST INCOME - Gains from residential mortgage loans and SBA loan sales contributed to higher noninterest income

MERGER EXPENSES - Noninterest expenses increased due to First IC merger-related costs and higher employee benefits

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$0.65
Q2 Net Income
$16.83 mln
Q2 Net Interest Income
$32.18 mln
Q2 CET1 Ratio
19.9%
Q2 Loan Loss Provision
$129,000
Q2 Net Interest Margin
3.8%


Analyst Coverage

The one available analyst rating on the shares is "hold"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for Metrocity Bankshares Inc is $34.00, about 13.8% above its July 17 closing price of $29.32

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nPn8ddFSZa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)