MetroCity Bankshares Reports $16.8M Q2 Income

By Greg Peters • Saturday, July 19 15:29 • Permanent Link

Metrocity Bankshares, Inc. has reported its earnings for the second quarter of 2025, with net income coming in at $16.8 million, or $0.65 per diluted share. This represents an increase from the first quarter of 2025, where net income was $16.3 million, or $0.63 per diluted share. However, it is a slight decrease from the second quarter of 2024, where net income was $16.9 million, or $0.66 per diluted share.

The company's annualized return on average assets for the second quarter of 2025 was 1.87%, compared to 1.85% for the first quarter of 2025 and 1.89% for the second quarter of 2024. The annualized return on average equity was 15.74% for the second quarter of 2025, compared to 15.67% for the first quarter of 2025 and 17.10% for the second quarter of 2024.

In terms of efficiency, the company reported an efficiency ratio of 37.2% for the second quarter of 2025, an improvement from 38.3% for the first quarter of 2025, but slightly higher than the 35.9% reported for the second quarter of 2024.

The net interest margin for the second quarter of 2025 was 3.77%, an increase from 3.67% for the first quarter of 2025. However, this was slightly lower than the 3.66% reported for the second quarter of 2024.

Looking at the year-to-date highlights, the return on average assets increased to 1.86% for the six months ended June 30, 2025, compared to 1.77% for the same period in 2024. The return on average equity was 15.71% for the six months ended June 30, 2025, compared to 16.27% for the same period in 2024.

The company's total assets were $3.62 billion at June 30, 2025, a decrease of $44.0 million, or 1.2%, from $3.66 billion at March 31, 2025. However, this represented an increase of $318,000 from $3.62 billion at June 30, 2024.

Total deposits were $2.69 billion at June 30, 2025, a decrease of $47.5 million, or 1.7%, compared to total deposits of $2.74 billion at March 31, 2025, and a decrease of $56.4 million, or 2.1%, compared to total deposits of $2.75 billion at June 30, 2024.

These figures indicate both positive and negative movements in different metrics compared to the previous periods, showcasing the company's financial performance over time. The market has reacted to these announcements by moving the company's shares -0.07% to a price of $29.30. For more information, read the company's full 8-K submission here.

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