MetroCity Bankshares (MCBS) Q3 2026 earnings summary

Executive summary

• Q3 2026 net income was $24.3 million, or $0.84 per diluted share, versus $22.1 million and $0.76 in Q2 2026; 9M net income was $68.7 million, up 36.4% YoY.

• Q3 results reflected a $4.0 million tax-credit benefit; YoY earnings growth also reflected the First IC acquisition completed in Q4 2025.

Financial highlights

• Q3 net interest income was $43.6 million, down $483,000 QoQ; noninterest income was $4.4 million, down 23.8%, while noninterest expense was $20.0 million, up 0.4%.

• Q3 recorded a $72,000 recovery for credit losses versus recoveries of $792,000 in Q2 2026 and $543,000 in Q3 2025; 9M recovery totaled $1.7 million.

• Total assets were $4.60 billion at Sept. 30, 2026, up 1.7% QoQ and 26.7% YoY; gross loans held for investment were $3.98 billion, up 33.8% YoY.

• Deposits were $3.56 billion, up 2.1% QoQ and 32.3% YoY; noninterest-bearing deposits were $828.3 million, or 23.3% of total deposits.

Segment performance

• SBA loan sales were $9.7 million in Q3, at an 8.16% sales premium, versus $27.1 million and 8.21% in Q2; mortgage originations rose to $85.1 million from $75.4 million, with no mortgage loan sales in either quarter.

• Mortgage loans serviced for others were $429.5 million at Sept. 30, 2026; SBA/USDA loans serviced for others were $676.2 million.