Metrocity Bankshares, Inc. has reported a net income of $17.3 million, or $0.67 per diluted share, for the third quarter of 2025, which is a slight increase from the $16.8 million, or $0.65 per diluted share, reported for the second quarter of 2025. This also represents an increase from the $16.7 million, or $0.65 per diluted share, reported for the third quarter of 2024.
The company's annualized return on average assets for the third quarter of 2025 was 1.89%, compared to 1.87% for the second quarter of 2025 and 1.86% for the third quarter of 2024. Meanwhile, the annualized return on average equity was 15.69% for the third quarter of 2025, compared to 15.74% for the second quarter of 2025 and 16.26% for the third quarter of 2024.
Total loans, including loans held for sale, increased by $71.6 million to $3.20 billion from the second quarter of 2025. The net interest margin was 3.68% for the third quarter of 2025, compared to 3.77% for the second quarter of 2025 and 3.58% for the third quarter of 2024.
For the nine months ended September 30, 2025, the company reported net income of $50.4 million, or $1.96 per diluted share, compared to $48.3 million, or $1.89 per diluted share, for the same period in 2024. The return on average assets increased to 1.87% for the nine months ended September 30, 2025, compared to 1.80% for the same period in 2024. Additionally, the return on average equity was 15.70% for the nine months ended September 30, 2025, compared to 16.27% for the same period in 2024.
The net interest margin increased by 21 basis points to 3.71% for the nine months ended September 30, 2025, compared to 3.50% for the same period in 2024.
The company's noninterest income for the third quarter of 2025 was $6.2 million, an increase of $445,000, or 7.8%, from the second quarter of 2025. Noninterest expense for the third quarter of 2025 totaled $14.7 million, an increase of $561,000, or 4.0%, from the second quarter of 2025.
Total assets were $3.63 billion at September 30, 2025, an increase of $13.8 million, or 0.4%, from June 30, 2025, and an increase of $60.3 million, or 1.7%, from September 30, 2024.
Loans held for investment were $2.96 billion at September 30, 2025, a decrease of $161.1 million, or 5.2%, compared to June 30, 2025, and a decrease of $127.4 million, or 4.1%, compared to September 30, 2024.
Total deposits were $2.69 billion at September 30, 2025, an increase of $3.6 million, or 0.1%, compared to total deposits of $2.69 billion at June 30, 2025, and a decrease of $30.0 million, or 1.1%, compared to total deposits of $2.72 billion at September 30, 2024. As a result of these announcements, the company's shares have moved -2.65% on the market, and are now trading at a price of $25.77. Check out the company's full 8-K submission here.
