Mountain Commerce Bancorp (MCBI) Q4 2025 earnings summary

Executive summary

• Reported net income of $2.3 million for Q4 2025 and $11.2 million for the year, with adjusted net income of $2.9 million and $12.0 million, respectively, reflecting strong earnings growth year-over-year.

• Announced a proposed all-stock merger with Home Bancshares, expected to close in early 2026, offering 0.85 shares of Home Bancshares for each company share.

• Declared a $0.07 per share quarterly dividend, marking the 21st consecutive quarterly dividend.

Financial highlights

• Net interest income rose 13.1% year-over-year in Q4 and 23.5% for the full year, driven by higher average interest-earning assets and lower cost of funds.

• Adjusted diluted EPS was $0.46 for Q4 2025 and $1.91 for the year, up from $0.39 and $1.27 in 2024.

• Net interest margin expanded to 2.54% in Q4 2025 from 2.29% in Q4 2024; full-year margin rose to 2.44% from 2.01%.

• Noninterest income increased to $0.7 million in Q4 and $3.3 million for the year, aided by improved equity market conditions, higher wealth management fees, and increased swap and partnership income.

• Noninterest expense rose $1.3 million in Q4 and $3.0 million for the year, mainly due to higher compensation, merger-related costs, and non-recurring property repairs.

Outlook and guidance

• Management targets continued net interest margin expansion and earnings growth in 2026, assuming stable macroeconomic conditions.