MetroCity Bankshares, Inc. reported a net income of $68.5 million for the fiscal year ending December 31, 2025, reflecting a 6.2% increase from the previous year's net income of $64.5 million. This growth was primarily driven by a $12.3 million increase in net interest income, which rose to $130.4 million, alongside a $2.1 million increase in noninterest income, totaling $25.2 million. The provision for credit losses decreased by $834,000, contributing positively to the overall profitability. Basic and diluted earnings per share also increased to $2.66 and $2.64, respectively, compared to $2.55 and $2.52 in 2024.
The company's total assets surged by 32.7% to $4.77 billion, largely due to the acquisition of First IC Corporation, which added approximately $1.19 billion in assets, including $1.01 billion in loans and $878.4 million in deposits. Excluding these acquired assets, legacy total assets decreased by $21.2 million, or 0.6%, compared to the previous year. The loan portfolio held for investment increased to $4.08 billion, a 28.8% rise from $3.17 billion in 2024, with the acquisition contributing significantly to this growth. The residential real estate loans, however, saw a decline, dropping to $2.38 billion from $2.30 billion in 2024.
MetroCity Bankshares also reported a total deposit increase of 33.2% to $3.65 billion, with 21.4% of total deposits in noninterest-bearing demand accounts. The bank's employee headcount rose to approximately 317 full-time equivalent employees, reflecting the integration of First IC's workforce. The company continues to focus on expanding its presence in multi-ethnic communities across several states, including Alabama, California, and Texas, where it operates 29 full-service branches.
Looking ahead, MetroCity Bankshares expressed optimism about leveraging the synergies from the First IC acquisition to enhance its product offerings and operational efficiencies. The company aims to maintain its growth trajectory while managing potential risks associated with economic fluctuations, interest rate changes, and regulatory challenges. The bank's capital ratios remain strong, with the total capital ratio at 16.85%, well above the regulatory minimum, indicating a solid foundation for future growth and stability.
About MetroCity Bankshares, Inc.
MetroCity Bankshares, Inc. is a bank holding company operating through its Georgia-based subsidiary, Metro City Bank. It provides personalized banking services, including loans, deposits, and treasury management, primarily to small- and medium-sized businesses and individuals in multi-ethnic communities across the U.S. Southeast and Texas. The bank emphasizes culturally competent service, diversified loan portfolios, and community-focused growth in competitive markets.
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