MetroCity Bankshares (MCBS) investor relations material

Executive summary

• Net income for Q1 2026 was $22.3 million, up 36.9% year-over-year and 21.9% from Q4 2025, driven by higher net interest income, noninterest income, and a lower provision for credit losses.

• Earnings per share rose to $0.78 basic and $0.77 diluted, compared to $0.64 and $0.63 in Q1 2025.

• The First IC Corporation acquisition in late 2025 contributed to growth in loans, deposits, and noninterest income.

• Annualized return on average assets was 1.96%, and return on average equity was 18.28% for Q1 2026.

• Adjusted return on average equity (non-GAAP) reached 19.36% in Q1 2026.

Financial highlights

• Total assets at March 31, 2026 were $4.7 billion, down 1.7% from December 31, 2025 but up 28.1% year-over-year.

• Gross loans held for investment were $4.00 billion, down 1.2% sequentially but up 27.7% year-over-year.

• Deposits totaled $3.63 billion, down $19.3 million from year-end 2025 but up 32.5% year-over-year.

• Net interest income increased $13.9 million year-over-year to $44.5 million, with interest income at $71.0 million, up 35.2% year-over-year.

• Noninterest income rose 16.5% year-over-year to $6.4 million, with strong gains in SBA servicing income but lower mortgage-related income.

• Noninterest expense increased 55.4% year-over-year to $21.4 million, reflecting merger-related costs and higher personnel and occupancy expenses.

• Efficiency ratio was 42.2% in Q1 2026, improving from Q4 2025 but higher than Q1 2025.

Outlook and guidance

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

• Interest rate derivatives are expected to continue providing a benefit to interest expense for the remainder of 2026.

• Forward-looking statements highlight risks from economic conditions, interest rate changes, competition, regulatory changes, and integration of recent acquisitions.