Metrocity Bankshares Q3 net income and EPS rise on tax benefit
MCBS•Metrocity Bankshares reported Q3 net income of $24.3 million and EPS of $0.84, both higher year over year and sequentially. A $4.0 million tax credit benefit lifted net income despite declines in noninterest and net interest income.
1. Tax benefit lifts profit
Q3 net income was $24.3 million, and EPS was $0.84; both rose year over year and sequentially. A $4.0 million tax credit benefit lowered tax expense and mainly drove the net income growth.
2. Income pressures and context
Net interest income was $43.56 million and net interest margin was 4.07%. Lower average gross loan balances reduced interest income sequentially, while lower gains on SBA loan sales and a decline in the fair value of equity securities weighed on noninterest income. Year-over-year results were also boosted by the First IC acquisition in late 2025.
