MetroCity earnings rise, aided by acquisition and tax credit
MetroCity Bankshares ($MCBS) reported third-quarter 2026 net income of $24.3 million, or $0.84 per diluted share, compared with $17.3 million and $0.67 a year earlier. Profit also rose from $22.1 million in the second quarter. The year-on-year comparison reflects the acquisition of First IC in late 2025, while the sequential improvement benefited from a $4.0 million tax credit. Underlying lending profitability was less buoyant quarter on quarter: net interest income fell by $483,000 and the net
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