MetroCity Bankshares (MCBS) investor relations material

Executive summary

• Net income for Q2 2026 was $22.1 million, up 31.5% year-over-year and down 0.8% sequentially; six-month net income was $44.4 million, up 34.2% year-over-year.

• Earnings per share for Q2 2026 were $0.77 basic and $0.76 diluted, compared to $0.66 and $0.65 in Q2 2025.

• Six-month net income was $44.4 million ($1.53 per diluted share).

• Results reflect the full impact of the First IC acquisition completed in Q4 2025, driving growth in loans, deposits, and noninterest income.

• Total assets at June 30, 2026 were $4.52 billion, up 25% year-over-year but down 5.2% from December 31, 2025.

Financial highlights

• Net interest income for Q2 2026 was $44.0 million, up 36.9% year-over-year; for six months, $88.5 million, up 41.2%.

• Net interest margin for Q2 2026 was 4.11%, up from 3.77% in Q2 2025 and 4.08% in Q1 2026.

• Noninterest income for Q2 2026 was $5.8 million, flat year-over-year but down 9.5% sequentially; six months totaled $12.1 million, up 8.2%.

• Noninterest expense for Q2 2026 was $20.0 million, up 41.4% year-over-year but down 6.9% sequentially, driven by higher personnel, occupancy, and merger costs.

• Provision for credit losses was a recovery of $792,000 in Q2 2026, compared to a provision of $129,000 in Q2 2025.

Outlook and guidance

• Management expects noninterest expense to stabilize as integration of First IC progresses and operational efficiencies are realized.

• Deposit mix optimization and funding cost reduction remain priorities.

• Net interest margin is expected to benefit from improved deposit pricing and interest rate hedges.

• Management cautions that forward-looking statements are subject to risks including economic conditions, interest rate changes, integration of acquisitions, and regulatory developments.