Metrocity Bankshares | 10-Q: FY2025 Q3 Revenue Beats Estimate at USD 60.18 M

Revenue: As of FY2025 Q3, the actual value is USD 60.18 M, beating the estimate of USD 37.7 M.

EPS: As of FY2025 Q3, the actual value is USD 0.67, beating the estimate of USD 0.61.

EBIT: As of FY2025 Q3, the actual value is USD -7.953 M.

Segment Revenue

• Interest Income: Total interest income for the three months ended September 30, 2025 was $54.0 million, an increase of $170,000 from the same period in 2024.
• Noninterest Income: Noninterest income for the three months ended September 30, 2025 was $6.2 million, a decrease of $437,000 from the same period in 2024.

Operational Metrics

• Net Income: Net income for the three months ended September 30, 2025 was $17.3 million, compared to $16.7 million for the same period in 2024, an increase of 3.4%.
• Provision for Credit Losses: Recorded a credit to the provision for credit losses of $543,000 during the three months ended September 30, 2025, compared to a provision of $582,000 in the same period in 2024.

Cash Flow

• Net Cash Flow from Operating Activities: $42.8 million for the nine months ended September 30, 2025, compared to $44.2 million for the same period in 2024.
• Net Cash Flow from Investing Activities: - $52.1 million for the nine months ended September 30, 2025, compared to $75.2 million for the same period in 2024.

Unique Metrics

• Loan Portfolio: Gross loans held for investment decreased by $197.8 million, or 6.2%, to $2.97 billion as of September 30, 2025.

Future Outlook and Strategy

• Core Business Focus: The merger with First IC Corporation is expected to be completed in the fourth quarter of 2025, projecting the pro forma company to have approximately $4.8 billion in total assets, $3.6 billion in total deposits, and $4.2 billion in total loans.
• Non-Core Business: The Company announced the continuation of its share repurchase program, authorizing the repurchase of up to 923,976 shares of common stock, effective October 1, 2025.