10-Q · May 8, 2026
MetroCity Bankshares reported a strong Q1 2026, with a revenue increase of 8.5% to $50.8 million and net income rising 36.9% to $22.3 million, equating to diluted EPS of $0.77. The company enjoyed a rising net interest…
Earnings analysis · 10-Q
MCBS earnings analysis
Filed August 7, 2026 · Our reading of the company's report
The latest report
MCBS delivered diluted EPS of $0.76, down modestly from $0.77 in Q1 2026 but up from $0.65 a year earlier; reported revenue of $49.796 million declined materially from both comparison periods and missed consensus. Net…
Read full summary
MCBS delivered diluted EPS of $0.76, down modestly from $0.77 in Q1 2026 but up from $0.65 a year earlier; reported revenue of $49.796 million declined materially from both comparison periods and missed consensus. Net interest margin improved to 4.11% and noninterest expense fell 6.9% sequentially, providing offsetting positives. The filing provides no quantitative guidance and reports no material changes to previously disclosed risk factors, although interest-rate sensitivity remains an important exposure.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.76
What stood out
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Revenue declined sequentially and year over year
Reported revenue was $49.796 million, down from $77 million in Q1 2026 and $60 million in Q2 2025, representing sequential and year-over-year declines of approximately 35.3% and 17.0%, respectively.
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EPS was broadly stable sequentially
Diluted EPS was $0.76 versus $0.77 in Q1 2026 and $0.65 in Q2 2025. EPS therefore declined approximately 1.3% sequentially but increased 16.9% year over year.
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Margin and expense trends improved
Net interest margin increased to 4.11%, while noninterest expense declined 6.9% sequentially, indicating improved spread performance and expense control despite lower reported revenue.
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Interest-rate sensitivity improved modestly
The filing’s 12-month net-interest-income sensitivity improved to negative 1.30% under a +200-basis-point scenario from negative 1.70% at December 31, 2025; under a -200-basis-point scenario, sensitivity was positive 1.00%.
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EVE exposure to rising rates moderated
Economic value of equity sensitivity under a +400-basis-point shock was negative 15.80% as of June 30, 2026, versus negative 28.20% at December 31, 2025.
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Disclosure controls remained effective
Management reported that disclosure controls were effective as of June 30, 2026, and that there were no material changes in internal control over financial reporting during the quarter.
What to watch
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Quarter missed consensus expectations
Revenue of $49.796 million missed the $52.4 million consensus estimate by 4.97%, while diluted EPS of $0.76 missed the $0.82 estimate by 7.32%.
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Interest-rate exposure remains material
The bank remains exposed to interest-rate movements: 24-month net interest income sensitivity was negative 1.20% for a +200-basis-point ramp and positive 5.70% for a -200-basis-point ramp as of June 30, 2026.
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No material risk-factor changes
The filing states that there were no material changes during the period to the risk factors disclosed in the 2025 Form 10-K. Accordingly, no new or updated filing risk factor was identified, but the existing risk framework remains applicable.
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Share repurchase support ended
The company reported no common shares repurchased during the three months ended June 30, 2026, and the continuation of its prior repurchase program ended in the second quarter of 2026.
Management's outlook
No quantitative revenue or EPS guidance was provided in the filing; numeric outlook appears deferred to the earnings release or call.
Earlier filings 4
10-K · March 16, 2026
MetroCity Bankshares completed the acquisition of First IC on December 1, 2025 (total consideration ~$202.3 million: $111.9 million cash + $90.5 million stock) and materially enlarged its balance sheet to $4.77 billion…
10-Q · August 8, 2025
MetroCity reported quarter-over-quarter revenue growth driven by higher net interest income: total revenue for the three months ended June 30, 2025 was $37,911,000 (net interest income $32,178,000; noninterest income…
10-Q · May 8, 2025
MetroCity reported solid quarter with net income of $16,297 (thousands) and diluted EPS of $0.63, driven by higher net interest income of $30,554 (thousands). Net interest income and EPS improved versus the prior-year…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.