MetroCity Bankshares Q2 profit rises on First IC deal

MetroCity Bankshares

24/07/2026 21:11

    

    Overview
  
US regional bank's Q2 net income and EPS rose yr/yr, reflecting First IC acquisition impact
Net interest margin for Q2 rose to 4.11% from 3.77% a year earlier
Noninterest expense increased yr/yr due to higher costs from First IC acquisition

    

    Outlook
  
Company did not provide specific guidance for future quarters or the full year

    

    Result Drivers
  
FIRST IC ACQUISITION - Year-on-year growth in net income and net interest income driven by First IC acquisition in Q4 2025
LOWER SBA SERVICING INCOME - Sequential decline in net income mainly due to lower SBA servicing income and higher tax expense
LOWER NONINTEREST EXPENSE - Noninterest expense fell from Q1 due to reduced merger-related costs and lower salaries and benefits

    
Company press release: ID:nPn6S59Za

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 EPS
 
$0.76
 
Q2 Net Income
 
$22.13 mln
 
Q2 Net Interest Income
 
$44.04 mln
 
Q2 CET1 Ratio
 
18.63%
 
Q2 Loan Loss Provision
 
-$792,000
 
Q2 Net Interest Margin
 
4.11%
 

    

    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 $38.00, about 5.3% above its July 23 closing price of $36.10
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 9 three months ago

    

    Reuters Recommended Reads
  
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July 23 - First Mid Bancshares Q2 profit beats on Two Rivers Bank deal boost

    
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(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.)