Metrocity Bankshares Q3 net income, EPS rise on tax benefit

MetroCity Bankshares

23/10/2026 21:12

Overview
Georgia bank holding company reported Q3 net income and EPS up both yr/yr and sequentially
Q3 net income growth driven by lower tax expense, despite declines in noninterest and net interest income
Year-over-year results boosted by First IC acquisition in late 2025

Outlook
Company did not provide specific financial guidance for upcoming quarters or full year in its press release

Result Drivers
TAX CREDIT BENEFIT - Q3 net income was mainly boosted by a $4.0 mln tax credit benefit, lowering tax expense
LOAN BALANCE DECLINE - Lower average gross loan balances reduced interest income sequentially
SBA LOAN SALES AND MARKET RATES - Lower gain on sale of SBA loans and decline in fair value of equity securities, reflecting changes in market interest rates, weighed on noninterest income

Company press release: ID:nPn4gfqfra

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
 
$0.84
 
Q3 Net Income
 
$24.3 mln
 
Q3 Net Interest Income
 
$43.56 mln
 
Q3 CET1 Ratio
 
17.46%
 
Q3 Recovery for credit losses
 
$72,000
 
Q3 Net Interest Margin
 
4.07%
 

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 7.3% above its October 22 closing price of $35.43
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

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Oct 23 - CBB Bancorp Q3 profit rises as net interest margin improves

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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.)