Short answer
MetroCity Bankshares, Inc. (MCBS) filed its Q1 2026 10-Q quarterly report on May 8, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $71M (up 35.2% year over year) with net income of $22M.
Q1 2026 key financials · XBRL
- Revenue
- $71M
- +35.2% YoY
- Net income
- $22M
- +36.9% YoY
- EPS (diluted)
- $0.77
- +22.2% YoY
Source: XBRL data from the MetroCity Bankshares, Inc. (MCBS) Q1 2026 10-Q on SEC EDGAR. USD.
MetroCity Bankshares, Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Net income $22.3M, up 36.9% YoY from $16.3M
- Net interest margin 4.08% vs 3.67% YoY
- Best performer SBA servicing income $1.9M, up 108.7% from $913K
- Assets $4.69B, down 1.7% sequentially; cash and equivalents up $3.9M
- Merger-related expenses $1.7M, with integration costs expected to stabilize as efficiencies are realized
Risk Factors
- No material changes to 2025 Form 10-K risk factors during the quarter
- Regulatory risk: Share repurchases subject to SEC Rule 10b-18 and other legal requirements
- Market risk: Repurchases may depend on market and other conditions
- Financial risk: Share repurchase authorization reduced to 662,206 remaining shares as of March 31, 2026
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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