METROCITY BANKSHARES, INC. REPORTS EARNINGS FOR FOURTH QUARTER AND YEAR ENDED 2025

Core Viewpoint - MetroCity Bankshares, Inc. reported a strong financial performance for the fourth quarter and the year ended December 31, 2025, with significant increases in net income, driven by higher net interest income and noninterest income, alongside the successful acquisition of First IC Corporation. Financial Performance - The company reported net income of $18.3 million, or $0.68 per diluted share, for Q4 2025, up from $17.3 million, or $0.67 per diluted share, in Q3 2025, and $16.2 million, or $0.63 per diluted share, in Q4 2024 [1][5] - For the full year 2025, net income was $68.7 million, or $2.64 per diluted share, compared to $64.5 million, or $2.52 per diluted share, in 2024 [1][6] Acquisition Impact - MetroCity completed the acquisition of First IC Corporation on December 1, 2025, which is expected to enhance its competitive position and financial flexibility [4] Net Interest Income and Margin - Interest income for Q4 2025 was $60.3 million, an increase of $6.3 million, or 11.6%, from Q3 2025, primarily due to a rise in average loan balances [7] - The net interest margin for Q4 2025 was 3.73%, up from 3.68% in Q3 2025 and 3.57% in Q4 2024 [10] Noninterest Income - Noninterest income for Q4 2025 was $7.8 million, an increase of $1.6 million, or 26.5%, from Q3 2025, driven by higher gains on residential mortgage loans [12] - For the year ended December 31, 2025, noninterest income totaled $25.2 million, an increase of $2.1 million, or 9.2%, from 2024 [14] Noninterest Expense - Noninterest expense for Q4 2025 was $20.4 million, an increase of $5.8 million, or 39.3%, from Q3 2025, mainly due to merger-related expenses and increased salaries [15] - For the full year 2025, noninterest expense totaled $63.0 million, an increase of $9.6 million, or 18.1%, from 2024 [17] Balance Sheet and Asset Quality - Total assets were $4.8 billion at December 31, 2025, an increase of $1.14 billion, or 31.4%, from September 30, 2025 [20] - Loans held for investment increased to $4.05 billion, a rise of $1.08 billion, or 36.6%, from September 30, 2025 [22] - Nonperforming assets totaled $26.1 million, or 0.55% of total assets, at December 31, 2025, an increase from previous quarters [29] Efficiency and Returns - The efficiency ratio was 46.7% for Q4 2025, compared to 38.7% for Q3 2025 [18] - The annualized return on average assets was 1.80% for Q4 2025, down from 1.89% in Q3 2025 [11]