MetroCity Q2 net income +31.5% to $22.1M on First IC acquisition and margin expansion

Filed August 7, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 8, 2025 · ~2 min read

Key Changes

• high

  Net income rose 31.5% to $22.1M ($0.76 diluted EPS, +16.9%) as net interest margin expanded 34 basis points to 4.11%, driven by improved loan yields and lower deposit costs following strategic reduction of higher-cost deposits.

  MD&A: Net Interest Margin verify on EDGAR →
• high

  First IC acquisition (closed Dec 2025) added $1.3B in assets, $1.1B in loans, $949M in deposits, and seven branches in California; total assets now $4.52B (+24.9%), loans $3.93B (+25.5%), deposits $3.49B (+29.7%).

  MD&A: First IC Acquisition verify on EDGAR →
• high

  Noninterest expense rose 41.4% to $19.9M in Q2 (48.3% for six months) on higher salaries, occupancy, and $1.9M in merger-related costs; integration expenses expected to normalize post-acquisition.

  MD&A: Noninterest Expense verify on EDGAR →