MetroCity Bankshares(MCBS) - 2024 Q1 - Quarterly Results

Exhibit 99.1 FOR IMMEDIATE RELEASE METROCITY BANKSHARES, INC. REPORTS EARNINGS FOR FIRST QUARTER 2024 ATLANTA, GA (April 19, 2024) – MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ: MCBS), holding company for Metro City Bank (the "Bank"), today reported net income of $14.6 million, or$0.57 per diluted share, for the first quarter of 2024, compared to $11.3 million, or$0.44 per diluted share, for the fourth quarter of 2023, and $15.7 million, or$0.62 per diluted share, for the first quar ...