Recent Updates — MCBS
On August 19, 2026, Mr. Don T.P. Leung notified MetroCity Bankshares, Inc. of his resignation as a Board member, vice chairman, and Chairman of the Credit Risk Management Committee, effective September 17, 2026. He is also stepping down from the Executive, Nominating and Governance, Information Technology, and Loan Committees. The company stated the departure stems from no disagreement with management regarding operations or policies. MetroCity Bankshares operates in the banking industry as a holding company for its wholly owned subsidiary, Metro City Bank.
MetroCity Bankshares, Inc. reported second quarter 2026 net income of $22.1 million, or $0.76 per diluted share, compared to $22.3 million in the first quarter of 2026 and $16.8 million for the second quarter of 2025. The company reported a quarterly dividend of $0.29 per share. Net interest margin increased to 4.11% from 3.77% year-over-year, while total assets grew to $4.52 billion as of June 30, 2026. The company operates as a bank holding company for Metro City Bank, providing full-service banking across multiple US states.
MetroCity Bankshares, Inc. declared a quarterly cash dividend of $0.29 per share on its common stock, payable August 7, 2026, to shareholders of record as of July 29, 2026. The company is a bank holding company for Metro City Bank, which operates full-service branches in several US states.