MCBS · MetroCity Bankshares, Inc.

MetroCity Bankshares delivered strong Q1 2026 results, with net income rising 21.9% quarter-over-quarter and 36.9% year-over-year—driven primarily by a $10.7 million increase in interest income, fueled by $495.0 million growth in average gross loans and a 32 basis point rise in loan yield. Net interest margin expanded meaningfully to 4.08%, supported by both higher earning asset yields (+25 bps QoQ) and lower funding costs (−11 bps QoQ), despite a $448.3 million increase in average interest-bearing deposits. The improvement in ROAA (1.96%) and ROAE (18.28%) reflects disciplined balance sheet growth and capital deployment, though the adjusted ROAE (19.36%) excludes merger-related expenses and accumulated other comprehensive income—highlighting underlying operating strength. Noninterest income declined $1.5 million QoQ due to reduced residential mortgage gains, but rose $0.9 million YoY on stronger SBA loan sales ($19.7M at 7.68% premium) and servicing income. Noninterest expense increased $1.0 million QoQ but rose sharply $7.6 million YoY—largely tied to acquisition-related costs and infrastructure scaling post-First IC integration. Asset quality improved notably: nonperforming assets fell to $17.2 million (0.37% of assets), and the company recorded a $813,000 credit loss recovery—contrasting with a $135,000 provision a year earlier. While the efficiency ratio improved sequentially, its YoY increase reflects ongoing investment in growth; management emphasized stable deposit composition (22.0% noninterest-bearing) and robust liquidity ($1.69B available borrowing capacity), signaling resilience amid rate volatility. No forward guidance was disclosed in Exhibit 99.1.