MetroCity Bankshares Reports $16.8M Q2 Net Income

By Hao Liu • Monday, July 21 06:04 • Permanent Link

Metrocity Bankshares, Inc. has reported its earnings for the second quarter of 2025. The company's net income for the quarter was $16.8 million, or $0.65 per diluted share, compared to $16.3 million, or $0.63 per diluted share, for the first quarter of 2025, and $16.9 million, or $0.66 per diluted share, for the second quarter of 2024.

The annualized return on average assets was 1.87% for the second quarter of 2025, 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.

The company's efficiency ratio for the second quarter of 2025 was 37.2%, compared to 38.3% for the first quarter of 2025 and 35.9% for the second quarter of 2024. The net interest margin was 3.77%, compared to 3.67% for the first quarter of 2025 and 3.66% for the second quarter of 2024.

For the six months ended June 30, 2025, the company reported net income of $33.1 million, or $1.29 per diluted share, compared to $31.6 million, or $1.24 per diluted share, 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, and 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.

The company's effective tax rate for the second quarter of 2025 was 28.9%, compared to 26.2% for the first quarter of 2025 and 27.5% for the second quarter of 2024. The company’s effective tax rate for the six months ended June 30, 2025 was 27.6% compared to 27.9% for the same period in 2024. The market has reacted to these announcements by moving the company's shares -0.07% to a price of $29.30. Check out the company's full 8-K submission here.

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