METROCITY BANKSHARES, INC. REPORTS EARNINGS FOR SECOND QUARTER 2026

MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ: MCBS ), holding company for Metro City Bank (the "Bank"), today reported net income of $22.1 million, or $0.76 per diluted share, for the second quarter of 2026, compared to $22.3 million, or $0.77 per diluted share, for the first quarter of 2026, and $16.8 million, or $0.65 per diluted share, for the second quarter of 2025. For the six months ended June 30, 2026, the Company reported net income of $44.4 million or $1.53 per diluted share, compared to $33.1 million, or $1.29 per diluted share, for the same period in 2025.

Second Quarter 2026 Highlights: Annualized return on average assets was 1.96% compared to 1.96% for the first quarter of 2026 and 1.87% for the second quarter of 2025. Annualized return on average equity was 17.52%, compared to 18.28% for the first quarter of 2026 and 15.74% for the second quarter of 2025. Adjusted return on average shareholder's equity 1 , which excluded average accumulated other comprehensive income and merger-related expenses, was 17.70% for the second quarter of 2026, compared to 19.36% for the first quarter of 2026, and 16.31% for the second quarter of 2025. Efficiency ratio was 40.08%, compared to 42.16% for the first quarter of 2026 and 37.23% for the second quarter of 2025. Operating efficiency ratio 1 was 39.54%, compared to 38.87% for the first quarter of 2026 and 36.35% for the second quarter of 2025. Net interest margin was 4.11%, compared to 4.08% for the first quarter of 2026 and 3.77% for the second quarter of 2025.

Year-to-Date 2026 Highlights: Return on average assets increased to 2.01% for the six months ended June 30, 2026, compared to 1.86% for the same period in 2025. Return on average equity increased to 17.90% for the six months ended June 30, 2026, compared to 15.71% for the same period in 2025. Adjusted return on average shareholder's equity 1 , which, excluded average accumulated other comprehensive income, was 18.52% for the six months ended June 30, 2026, compared to 16.34% for the same period in 2025. Efficiency ratio increased to 41.13% for the six months ended June 30, 2026, compared to 37.76% for the same period in 2025. Net interest margin increased by 38 basis points to 4.10% for the six months ended June 30, 2026, compared to 3.72% for the same period in 2025.

Results of Operations Net Income Net income was $22.1 million for the second quarter of 2026, a decrease of $183,000, or 0.8%, from $22.3 million for the first quarter of 2026. This decrease was primarily due to a decrease in Small Business Administration ("SBA") servicing income of $1.2 million, and an increase in provision for income taxes of $595,000, offset by an increase in gain on sale of SBA loans of $491,000, and a decrease in noninterest expenses of $1.5 million. Net income increased by $5.3 million, or 31.5%, in the second quarter of 2026 compared to net income of $16.8 million for the second quarter of 2025 as a result of the First IC Corporation ("First IC") acquisition that occurred in fourth quarter of 2025. This increase was primarily due to an increase in interest income of $16.4 million, offset by an increase in interest expense of $4.5 million, an increase in noninterest expenses of $5.8 million, and an increase in income tax expense of $1.7 million. Net income was $44.4 million for the six months ended June 30, 2026, an increase of $ 11.3 million, or 34.2%, from $33.1 million for the six months ended June 30, 2025. This increase was a result of the First IC acquisition that occurred in the fourth quarter of 2025, due to an increase in net interest income of $25.8 million and an increase in noninterest income of $1.0 million, offset by an increase in noninterest expense of $13.5 million, and an increase in income tax expense of $3.8 million.