MetroCity Bankshares Q3 2026: EPS Met, Revenue Fell Short
As seen on the 24/7 Wall St. homepage on October 23, 2026.
Meeting the $0.84 consensus took roughly $4.0 million in tax credit benefits that cut the effective tax rate to 13.1%. Revenue missed expectations as SBA loan sales and other noninterest income dried up. The board still raised the quarterly dividend to $0.31.
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MetroCity Bankshares met the $0.84 per diluted share consensus for Q3 2026, but tax credit benefits compressed the effective tax rate well below the prior quarter. Without that one-time lift, the bottom line would have looked meaningfully different.
Revenue of $47.94 million came in missing expectations and fell from a year ago, driven by a drop in SBA loan sale volumes and weaker noninterest income broadly. Those areas had been reliable contributors in prior quarters.
Net interest income climbed to $43.56 million, with net interest margin expanding year-over-year, supported by loan and deposit growth that followed the First IC Corporation acquisition completed in Q4 2025. Average gross loans rose year-over-year, giving the bank a larger earning-asset base to work with.
The board raised the quarterly dividend to $0.31 per share, a move that stands out for income-oriented investors in a quarter where revenue disappointed. Keep an eye on whether SBA loan production translates into more consistent sale volumes and whether noninterest income recovers toward levels seen earlier in the year.
Mentioned: MCBS