MetroCity Bankshares Q2 profit rises on First IC deal
MCBS•Quarterly results
- US regional bank's Q2 net income and EPS rose yr/yr, reflecting First IC acquisition impact
- Net interest margin for Q2 rose to 4.11% from 3.77% a year earlier
- Noninterest expense increased yr/yr due to higher costs from First IC acquisition
Outlook and result drivers
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Company did not provide specific guidance for future quarters or the full year
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FIRST IC ACQUISITION - Year-on-year growth in net income and net interest income driven by First IC acquisition in Q4 2025
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LOWER SBA SERVICING INCOME - Sequential decline in net income mainly due to lower SBA servicing income and higher tax expense
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LOWER NONINTEREST EXPENSE - Noninterest expense fell from Q1 due to reduced merger-related costs and lower salaries and benefits
Key details and analyst coverage
| Metric | Beat/Miss | Actual | Consensus Estimate |
