MetroCity Bankshares (MCBS) investor relations material

Executive summary

• Net income for Q1 2026 was $22.3 million ($0.77 per diluted share), up 21.9% from Q4 2025 and 36.9% year-over-year from Q1 2025.

• Annualized return on average assets was 1.96%, and return on average equity was 18.28% for Q1 2026.

• Adjusted return on average equity (non-GAAP) reached 19.36% in Q1 2026.

Financial highlights

• Interest income rose to $71.0 million, up 17.8% sequentially and 35.2% year-over-year, driven by higher loan and investment balances and increased loan yields.

• Interest expense increased to $26.5 million, up 8.9% sequentially and 20.7% year-over-year, mainly due to higher deposit and borrowing balances.

• Net interest margin improved to 4.08% from 3.73% in Q4 2025 and 3.67% in Q1 2025.

• Noninterest income was $6.4 million, down 18.7% sequentially but up 16.5% year-over-year, with higher SBA loan sales offsetting lower mortgage-related income.

• Noninterest expense totaled $21.4 million, up 4.9% sequentially and 55.4% year-over-year, mainly due to higher compensation, occupancy, and merger-related costs.

• Efficiency ratio was 42.2% in Q1 2026, improving from 46.7% in Q4 2025 but higher than 38.3% in Q1 2025.

• Effective tax rate was 26.2% in Q1 2026.

Outlook and guidance

• Forward-looking statements highlight risks from economic conditions, interest rate changes, competition, regulatory changes, and integration of recent acquisitions.