Apr. 19 at 2:24 AM
$MCBS MetroCity Bankshares reports Q1 EPS 63c vs. 57c last year
MetroCity Bankshares, holding company for Metro City Bank, reported net income of
$16.3M, or 63c per diluted share, for the first quarter of 2025, compared to
$16.2M, or 63c per diluted share, for the fourth quarter of 2024, and
$14.6M, or 57c per diluted share, for the first quarter of 2024.
Efficiency ratio of 38.3%, compared to 40.5% for the fourth quarter of 2024 and 37.9% for the first quarter of 2024. Net interest margin was 3.67%, compared to 3.57% for the fourth quarter of 2024 and 3.24% for the first quarter of 2024. Commercial real estate loans increased by
$30.1M, or 4.0%, to
$792.1M from the previous quarter.