Metrocity Bankshares Q1 net income rises on higher interest income

MetroCity Bankshares

24/04/2026 21:12

Overview

US regional bank's Q1 net income rose 37% yr/yr on higher interest income

Net interest margin for Q1 increased to 4.08% from 3.67% a year earlier

Noninterest income grew 17% yr/yr, mainly from higher SBA loan gains and deposit charges

Outlook

Company did not provide specific guidance for the current quarter or full year

Result Drivers

HIGHER LOAN VOLUMES AND YIELDS - Co said Q1 interest income rose due to increased average loan and investment balances and higher loan yields

SBA LOAN GAINS - Higher gains on sale and servicing income from SBA loans boosted noninterest income yr/yr

CREDIT LOSS RECOVERY - Q1 results benefited from a recovery for credit losses, reflecting lower reserves due to decreased loan balances and improved asset quality

Company press release: ID:nPnbXRcxba

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.77
Q1 Net Income
$22.31 mln
Q1 Net Interest Income
$44.49 mln
Q1 CET1 Ratio
16.52%
Q1 Loan Loss Provision
-$813,000
Q1 Net Interest Margin
4.08%


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 $32.00, about 1.3% above its April 23 closing price of $31.58

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)