METROCITY BANKSHARES, INC. REPORTS EARNINGS FOR THIRD QUARTER 2025

MetroCity Bankshares, Inc. (“MetroCity” or the “Company”) (NASDAQ: MCBS), holding company for Metro City Bank (the “Bank”), today reported net income of $17.3 million, or $0.67 per diluted share, for the third quarter of 2025, compared to $16.8 million, or $0.65 per diluted share, for the second quarter of 2025, and $16.7 million, or $0.65 per diluted share, for the third quarter of 2024. For the nine months ended September 30, 2025, the Company reported net income of $50.4 million, or $1.96 per diluted share, compared to $48.3 million, or $1.89 per diluted share, for the same period in 2024.

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Third Quarter 2025 Highlights:

— Annualized return on average assets was 1.89%, compared to 1.87% for the second quarter of 2025 and 1.86% for the third quarter of 2024.

— Annualized return on average equity was 15.69%, compared to 15.74% for the second quarter of 2025 and 16.26% for the third quarter of 2024. Return on average equity, excluding average accumulated other comprehensive income and merger-related expenses (non-GAAP financial measurement), was 16.17% for the third quarter of 2025, compared to 16.39% for the second quarter of 2025 and 17.25% for the third quarter of 2024.

— Efficiency ratio of 38.7%, compared to 37.2% for the second quarter of 2025 and 37.0% for the third quarter of 2024.

— Net interest margin was 3.68%, compared to 3.77% for the second quarter of 2025 and 3.58% for the third quarter of 2024.

— Total loans, including loans held for sale, increased by $71.6 million to $3.20 billion from the second quarter of 2025.

Year-to-Date 2025 Highlights:

— Return on average assets increased to 1.87% for the nine months ended September 30, 2025, compared to 1.80% for the same period in 2024.

— Return on average equity was 15.70% for the nine months ended September 30, 2025, compared to 16.27% for the same period in 2024. Return on average equity, excluding average accumulated other comprehensive income and merger-related expenses (non-GAAP financial measurement), was 16.33% for the nine months ended September 30, 2025, compared to 17.27% for the same period in 2024.

— Efficiency ratio of 38.1% for the nine months ended September 30, 2025, compared to 36.9% for the same period in 2024.

— Net interest margin increased by 21 basis points to 3.71% for the nine months ended September 30, 2025, compared to 3.50% for the same period in 2024.

Acquisition of First IC Corporation and First IC Bank

On July 15, 2025, MetroCity announced that we received all required regulatory approvals and non-objections to complete MetroCity's merger with First IC Corporation (“First IC”), the parent company of First IC Bank. In addition, on July 15, 2025, First IC's shareholders also voted to approve the merger. The merger is expected to be completed later in the fourth quarter of 2025 and remains subject to the satisfaction of customary closing conditions.

Results of Operations

Net Income

Net income was $17.3 million for the third quarter of 2025, an increase of $444,000, or 2.6%, from $16.8 million for the second quarter of 2025. This increase was primarily due to an increase in noninterest income of $445,000 and decreases in provision for credit losses of $672,000 and income tax expense of $274,000, offset by an increase in noninterest expense of $561,000 and a decrease in net interest income of $386,000. Net income increased by $569,000, or 3.4%, in the third quarter of 2025 compared to net income of $16.7 million for the third quarter of 2024. This increase was due to an increase in net interest income of $1.5 million and a decrease in provision for credit losses of $1.1 million, offset by increases in noninterest expense of $1.0 million and income tax expense of $608,000 and a decrease in noninterest income of $437,000.

Net income was $50.4 million for the nine months ended September 30, 2025, an increase of $2.1 million, or 4.4%, from $48.3 million for the nine months ended September 30, 2024. This increase was due to an increase in net interest income of $6.4 million and a decrease in provision for credit losses of $593,000, offset by increases in noninterest expense $3.5 million and income tax expense of $1.0 million and a decrease in noninterest income of $375,000.

Net Interest Income and Net Interest Margin

Interest income totaled $54.0 million for the third quarter of 2025, a slight decrease of $46,000, or 0.1%, from the second quarter of 2025, primarily due to a 12 basis points decrease in the loan yield and a $12.5 million decrease in the average interest-earning cash balance, offset by a $24.7 million increase in average loan balances. As compared to the third quarter of 2024, interest income for the third quarter of 2025 increased by $170,000, or 0.3%, primarily due to a $59.5 million increase in average loan balances and a $4.1 million increase in the average total investments balance, offset by an 83 basis points decrease in the total investments yield and a six basis points decrease in the loan yield.

Interest expense totaled $22.2 million for the third quarter of 2025, an increase of $340,000, or 1.6%, from the second quarter of 2025, primarily due to a 43 basis points increase in interest-bearing demand deposit costs coupled with a $25.8 million increase in average interest-bearing demand deposit balances and a $20.0 million increase in average time deposit balances, offset by a $58.3 million decrease in average money market balances. As compared to the third quarter of 2024, interest expense for the third quarter of 2025 decreased by $1.3 million, or 5.7%, primarily due to a 33 basis points decrease in deposit costs coupled with a $10.4 million decrease in average deposit balances, offset by a $49.3 million increase in the average borrowings balance. The Company currently has interest rate derivative agreements totaling $950.0 million that are designated as cash flow hedges of our deposit accounts indexed to the Effective Federal Funds Rate (currently 4.09% as of September 30, 2025). The weighted average pay rate for these interest rate derivatives is 2.70%. During the third quarter of 2025, we recorded a credit to interest expense of $3.8 million from the benefit received on these interest rate derivatives compared to a benefit of $4.2 million and $6.4 million recorded during the second quarter of 2025 and the third quarter of 2024, respectively.

The net interest margin for the third quarter of 2025 was 3.68% compared to 3.77% for the second quarter of 2025, a decrease of nine basis points. The yield on average interest-earning assets for the third quarter of 2025 decreased by ten basis points to 6.24% from 6.34% for the second quarter of 2025, while the cost of average interest-bearing liabilities for the third quarter of 2025 increased by three basis points to 3.42% from 3.39% for the second quarter of 2025. Average earning assets increased by $12.1 million from the second quarter of 2025, due to an increase of $24.7 million in average loans, offset by a decrease of $12.6 million in average total investments. Average interest-bearing liabilities decreased by $13.6 million from the second quarter of 2025 as average interest-bearing deposits decreased by $12.4 million and average borrowings decreased by $1.2 million.

As compared to the third quarter of 2024, the net interest margin for the third quarter of 2025 increased by 10 basis points to 3.68% from 3.58%, primarily due to a 27 basis points decrease in the cost of average interest-bearing liabilities of $2.57 billion, offset by a 12 basis points decrease in the yield on average interest-earning assets of $3.43 billion. Average earning assets for the third quarter of 2025 increased by $63.6 million from the third quarter of 2024, due to a $59.5 million increase in average loans and a $4.1 million increase in average total investments. Average interest-bearing liabilities for the third quarter of 2025 increased by $38.9 million from the third quarter of 2024, due to an increase in average borrowings of $49.3 million, offset by a $10.4 million decrease in average interest-bearing deposits.

Noninterest Income

Noninterest income for the third quarter of 2025 was $6.2 million, an increase of $445,000, or 7.8%, from the second quarter of 2025, primarily due to higher mortgage loan origination fees, service charges on deposit accounts and servicing income from our Small Business Administration (“SBA”) loans, offset by lower gains on sale and servicing income from our residential mortgage loans, gains on sale of our SBA loans and other income. SBA loan sales totaled $13.4 million (sales premium of 6.13%) during the third quarter of 2025 compared to $20.7 million (sales premium of 5.66%) during the second quarter of 2025. Mortgage loan originations totaled $168.6 million during the third quarter of 2025 compared to $93.2 million during the second quarter of 2025. Mortgage loan sales totaled $18.3 million (average sales premium of 1.06%) during the third quarter of 2025 compared to $54.3 million (average sales premium of 1.09%) during the second quarter of 2025. During the third quarter of 2025, we recorded a $166,000 fair value adjustment gain on our SBA servicing asset compared to a fair value adjustment charge of $345,000 during the second quarter of 2025. We also recorded a $19,000 fair value impairment recovery on our mortgage servicing asset during the third quarter of 2025 compared to a $28,000 fair value impairment recovery recorded during the second quarter of 2025.

Compared to the third quarter of 2024, noninterest income for the third quarter of 2025 decreased by $437,000, or 6.6%, primarily due to lower gains on sale and servicing income from our SBA loans, gains on sale of our residential mortgage loans and other income partially from lower unrealized gains on our equity securities, offset by higher mortgage loan origination fees and servicing income. During the third quarter of 2024, we recorded a $202,000 fair value adjustment gain on our SBA servicing asset and a $252,000 fair value impairment charge on our mortgage servicing asset.

Noninterest income for the nine months ended September 30, 2025 totaled $17.4 million, a decrease of $375,000, or 2.1%, from the nine months ended September 30, 2024, primarily due to lower gains on sale and servicing income from our SBA loans and gains on sale from our residential mortgage loans, offset by higher mortgage loan origination fees and servicing income, service charges on deposit accounts and other income from unrealized gains recognized on our equity securities and increased bank owned life insurance income.

Noninterest Expense

Noninterest expense for the third quarter of 2025 totaled $14.7 million, an increase of $561,000, or 4.0%, from $14.1 million for the second quarter of 2025. This increase was primarily attributable to increases in salaries and employee benefits due to higher commissions paid from higher loan volume and stock-based compensation, as well as higher data processing and loan-related expenses, partially offset by lower security expenses, SEC related expenses and First IC merger-related expenses. Included in other noninterest expenses during the third quarter of 2025 were $301,000 of First IC merger-related expenses compared to $333,000 of merger-related expenses during the second quarter of 2025.

Compared to the third quarter of 2024, noninterest expense during the third quarter of 2025 increased by $1.0 million, or 7.4%, primarily due to higher salary and employee benefits, FDIC insurance premiums, data processing expenses, professional fees, security expense, loan related expenses and First IC merger-related expenses, offset by lower occupancy and other real estate owned related expenses.

Noninterest expense for the nine months ended September 30, 2025 totaled $42.6 million, an increase of $3.5 million, or 9.0%, from $39.1 million for the nine months ended September 30, 2024. This increase was primarily attributable to increases in salaries and employee benefits partially due to higher base salaries, commissions, employee insurance and stock based compensation, as well as higher expenses related to depreciation, occupancy, data processing, security, loans and professional services. These expense increases were partially offset by lower FDIC insurance premiums and other real estate owned related expenses. Included in other noninterest expenses for the nine months ended September 30, 2025 were $897,000 of First IC merger-related expenses.

The Company's efficiency ratio was 38.7% for the third quarter of 2025 compared to 37.2% and 37.0% for the second quarter of 2025 and third quarter of 2024, respectively. For the nine months ended September 30, 2025, the efficiency ratio was 38.1% compared to 36.9% for the same period in 2024.

Income Tax Expense

The Company's effective tax rate for the third quarter of 2025 was 27.6%, compared to 28.9% for the second quarter of 2025 and 26.3% for the third quarter of 2024. The Company's effective tax rate for the nine months ended September 30, 2025 was 27.6% compared to 27.4% for the same period in 2024.

Balance Sheet

Total Assets

Total assets were $3.63 billion at September 30, 2025, an increase of $13.8 million, or 0.4%, from $3.62 billion at June 30, 2025, and an increase of $60.3 million, or 1.7%, from $3.57 billion at September 30, 2024. The $13.8 million increase in total assets at September 30, 2025 compared to June 30, 2025 was primarily due to increases in loans held for sale of $232.7 million and other assets of $2.2 million, partially offset by decreases in loans held for investment of $161.1 million, cash and due from banks of $59.7 and interest rate derivatives of $3.2 million. The $60.3 million increase in total assets at September 30, 2025 compared to September 30, 2024 was primarily due to increases in loans held for sale of $233.1 million, other assets of $16.4 million, equity securities of $8.0 million, bank owned life insurance of $2.5 million, Federal Home Loan Bank stock of $2.4 million and accrued interest receivable of $1.2 million, partially offset by decreases in loans held for investment of $127.4 million, cash and due from banks of $64.8 million, interest rate derivatives of $9.5 million and securities available for sale of $2.8 million.

Our investment securities portfolio made up only 0.94% of our total assets at September 30, 2025 compared to 0.93% and 0.81% at June 30, 2025 and September 30, 2024, respectively.

Loans

Loans held for investment were $2.96 billion at September 30, 2025, a decrease of $161.1 million, or 5.2%, compared to $3.12 billion at June 30, 2025, and a decrease of $127.4 million, or 4.1%, compared to $3.09 billion at September 30, 2024. The decrease in loans at September 30, 2025 compared to June 30, 2025 was due to a $170.5 million decrease in residential mortgage loans and a $4.4 million decrease in commercial and industrial loans, offset by an $11.1 million increase in commercial real estate loans and a $2.3 million increase in construction and development loans. Loans classified as held for sale totaled $237.7 million at September 30, 2025 compared to $5.0 million and $4.6 million at June 30, 2025 and September 30, 2024, respectively. The significant increase in loans held for sale during the third quarter of 2025 was done to provide the liquidity needed for the upcoming First IC merger.

Deposits

Total deposits were $2.69 billion at September 30, 2025, an increase of $3.6 million, or 0.1%, compared to total deposits of $2.69 billion at June 30, 2025, and a decrease of $30.0 million, or 1.1%, compared to total deposits of $2.72 billion at September 30, 2024. The increase in total deposits at September 30, 2025 compared to June 30, 2025 was due to a $15.9 million increase in money market accounts (including a $4.3 million decrease in brokered money market accounts) and a $15.7 million increase in time deposits, offset by a $23.3 million decrease in interest-bearing demand deposits, a $4.5 million decrease in noninterest-bearing demand deposits and a $271,000 decrease in savings accounts.

Noninterest-bearing deposits were $544.4 million at September 30, 2025, compared to $548.9 million at June 30, 2025 and $552.5 million at September 30, 2024. Noninterest-bearing deposits constituted 20.2% of total deposits at September 30, 2025, compared to 20.4% of total deposits at June 30, 2025 and 20.3% at September 30, 2024. Interest-bearing deposits were $2.15 billion at September 30, 2025, compared to $2.14 billion at June 30, 2025 and $2.17 billion at September 30, 2024. Interest-bearing deposits constituted 79.8% of total deposits at September 30, 2025, compared to 79.6% at June 30, 2025 and 79.7% at September 30, 2024.

Uninsured deposits were 26.1% of total deposits at September 30, 2025, compared to 25.1% and 23.6% at June 30, 2025 and September 30, 2024, respectively. As of September 30, 2025, we had $1.29 billion of available borrowing capacity at the Federal Home Loan Bank ($657.8 million), Federal Reserve Discount Window ($575.7 million) and various other financial institutions (fed fund lines totaling $52.5 million).

Asset Quality

The Company recorded a credit provision for credit losses of $543,000 during the third quarter of 2025, compared to a provision for credit losses of $129,000 during the second quarter of 2025 and a provision for credit losses of $582,000 during the third quarter of 2024. The credit provision recorded during the third quarter of 2025 was primarily due to the decrease in reserves allocated to our individually analyzed loans, as well as the decrease in general reserves allocated to our residential mortgage loan portfolio as a large amount of residential mortgage loans were moved from loans held for investment to loans held for sale during the third quarter of 2025. These decreases were partially offset by the increase in general reserves allocated to our commercial real estate loan portfolio. Annualized net charge-offs to average loans for the third quarter of 2025 was 0.03%, compared to net charge-offs of 0.01% for the second quarter of 2025 and 0.00% for the third quarter of 2024.

Nonperforming assets totaled $14.0 million, or 0.38% of total assets, at September 30, 2025, a decrease of $1.2 million from $15.2 million, or 0.42% of total assets, at June 30, 2025, and a decrease of $1.9 million from $15.8 million, or 0.44% of total assets, at September 30, 2024. The decrease in nonperforming assets at September 30, 2025 compared to June 30, 2025 was due to a $1.4 million decrease in nonaccrual loans offset by a $175,000 increase in other real estate owned.

Allowance for credit losses as a percentage of total loans was 0.60% at September 30, 2025, compared to 0.60% at both June 30, 2025 and September 30, 2024. Allowance for credit losses as a percentage of nonperforming loans was 137.66% at September 30, 2025, compared to 129.76% at June 30, 2025 and 129.85% at September 30, 2024, respectively.

About MetroCity Bankshares, Inc.

MetroCity Bankshares, Inc. is a Georgia corporation and a registered bank holding company for its wholly-owned banking subsidiary, Metro City Bank, which is headquartered in the Atlanta, Georgia metropolitan area. Founded in 2006, Metro City Bank currently operates 20 full-service branch locations in multi-ethnic communities in Alabama, Florida, Georgia, New York, New Jersey, Texas and Virginia. To learn more about Metro City Bank, visit www.metrocitybank.bank.

Non-GAAP Financial Measures

This press release contains financial information determined by methods other than in accordance with generally accepted accounting principles (“GAAP”). This financial information includes “return on average equity”, which excludes average accumulated other comprehensive income and merger-related expenses. These measures should be viewed in addition to, and not as an alternative to or substitute for, measures determined in accordance with GAAP, and are not necessarily comparable to non-GAAP measures that may be presented by other companies.

Forward-Looking Statements

Statements in this press release regarding future events and our expectations and beliefs about our future financial performance and financial condition, as well as trends in our business and markets, constitute “forward-looking statements” within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical in nature and may be identified by references to a future period or periods by the use of the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “project,” “outlook,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” The forward-looking statements in this press release should not be relied on because they are based on current information and on assumptions that we make about future events and circumstances that are subject to a number of known and unknown risks and uncertainties that are often difficult to predict and beyond our control. As a result of those risks and uncertainties, and other factors, our actual financial results in the future could differ, possibly materially, from those expressed in or implied by the forward-looking statements contained in this press release and could cause us to make changes to our future plans. Factors that might cause such differences include, but are not limited to: the impact of current and future economic conditions, particularly those affecting the financial services industry, including the effects of declines in the real estate market, tariffs or trade wars (including reduced consumer spending, lower economic growth or recession, reduced demand for U.S. exports, disruptions to supply chains, and decreased demand for other banking products and services), high unemployment rates, inflationary pressures, increasing insurance costs, changes in interest rates, including changes to the federal funds rate, which could have an adverse effect on the Company's profitability;impact of changes in interest rates on our financial projections, models and guidance and slowdowns in economic growth, as well as the financial stress on borrowers as a result of the foregoing; uncertain duration of trade conflicts; magnitude of the impact that the proposed tariffs may have on our customers' businesses; potential impacts of adverse developments in the banking industry, including impacts on customer confidence, deposits, liquidity and the regulatory response thereto; risks arising from media coverage of the banking industry; risks arising from perceived instability in the banking sector; changes in prices, values and sales volumes of residential and commercial real estate; developments in our mortgage banking business, including loan modifications, general demand, and the effects of judicial or regulatory requirements or guidance; competition in our markets that may result in increased funding costs or reduced earning assets yields, thus reducing margins and net interest income; legislation or regulatory changes which could adversely affect the ability of the consolidated Company to conduct business combinations or new operations; changes in tax laws; significant turbulence or a disruption in the capital or financial markets and the effect of a fall in stock market prices on our investment securities; risks associated with the proposed merger of First IC with the Company (the “Proposed Merger”), including (a) the risk that the cost savings and any revenue synergies from the Proposed Merger is less than or different from expectations, (b) disruption from the Proposed Merger with customer, supplier, or employee relationships, (c) the occurrence of any event, change, or other circumstances that could give rise to the termination of the Agreement and Plan of Merger by and between the Company and First IC, (d) the possibility that the costs, fees, expenses and charges related to the Proposed Merger may be greater than anticipated, including as a result of unexpected or unknown factors, events, or liabilities, (e) the failure of the conditions to the Proposed Merger to be satisfied, (f) the risks related to the integration of the combined businesses, including the risk that the integration will be materially delayed or will be more costly or difficult than expected, (g) the diversion of management time on merger-related issues, (h) the ability of the Company to effectively manage the larger and more complex operations of the combined company following the Proposed Merger, (i) the risks associated with the Company's pursuit of future acquisitions, (j) the risk of expansion into new geographic or product markets, (k) reputational risk and the reaction of the parties' customers to the Proposed Merger, (l) the Company's ability to successfully execute its various business strategies, including its ability to execute on potential acquisition opportunities, (m) the risk of potential litigation or regulatory action related to the Proposed Merger, and (n) general competitive, economic, political, and market conditions; the ability to keep pace with technological changes, including changes regarding maintaining cybersecurity and the impact of generative artificial intelligence; increased competition in the financial services industry, particularly from regional and national institutions; the impact of a failure in, or breach of, the Company's operational or security systems or infrastructure, or those of third parties with whom the Company does business, including as a result of cyber-attacks or an increase in the incidence or severity of fraud, illegal payments, security breaches or other illegal acts impacting the Company or the Company's customers; the effects of war or other conflicts; and adverse results from current or future litigation, regulatory examinations or other legal and/or regulatory actions, including as a result of the Company's participation in and execution of government programs. Therefore, the Company can give no assurance that the results contemplated in the forward-looking statements will be realized. Additional information regarding these and other risks and uncertainties to which our business and future financial performance are subject is contained in the sections titled “Cautionary Note Regarding Forward-Looking Statements” and “Risk Factors” in the Company's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q on file with the U.S. Securities and Exchange Commission (the “SEC”), and in other documents that we file with the SEC from time to time, which are available on the SEC's website, http://www.sec.gov. In addition, our actual financial results in the future may differ from those currently expected due to additional risks and uncertainties of which we are not currently aware or which we do not currently view as, but in the future may become, material to our business or operating results. Due to these and other possible uncertainties and risks, readers are cautioned not to place undue reliance on the forward-looking statements contained in this press release or to make predictions based solely on historical financial performance. Any forward-looking statement speaks only as of the date on which it is made, and we do not undertake any obligation to update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. All forward-looking statements, express or implied, included in this press release are qualified in their entirety by this cautionary statement.

ContactsFarid Tan Lucas StewartPresident Chief Financial Officer770-455-4978 678-580-6414faridtan@metrocitybank.bank lucasstewart@metrocitybank.bankMETROCITY BANKSHARES, INC.SELECTED FINANCIAL DATA Asofandforthe Three Months Ended Asofandforthe Nine Months Ended September30, June30, March31, December31, September30, September30, September30,(Dollars in thousands, except per share data) 2025 2025 2025 2024 2024 2025 2024Selected income statement data:Interest income $ 54,003 $ 54,049 $ 52,519 $ 52,614 $ 53,833 $ 160,571 $ 160,299Interest expense 22,211 21,871 21,965 22,554 23,544 66,047 72,213Net interest income 31,792 32,178 30,554 30,060 30,289 94,524 88,086Provision for credit losses (543) 129 135 202 582 (279) 314Noninterest income 6,178 5,733 5,456 5,321 6,615 17,367 17,742Noninterest expense 14,674 14,113 13,799 14,326 13,660 42,586 39,053Income tax expense 6,569 6,843 5,779 4,618 5,961 19,191 18,192Net income 17,270 16,826 16,297 16,235 16,701 50,393 48,269Per share data:Basic income per share $ 0.68 $ 0.66 $ 0.64 $ 0.64 $ 0.66 $ 1.98 $ 1.91Diluted income per share $ 0.67 $ 0.65 $ 0.63 $ 0.63 $ 0.65 $ 1.96 $ 1.89Dividends per share $ 0.25 $ 0.23 $ 0.23 $ 0.23 $ 0.20 $ 0.71 $ 0.60Book value per share (at period end) $ 17.46 $ 17.08 $ 16.85 $ 16.59 $ 16.07 $ 17.46 $ 16.07Shares of common stock outstanding 25,537,746 25,537,746 25,402,782 25,402,782 25,331,916 25,537,746 25,331,916Weighted average diluted shares 25,811,422 25,715,206 25,707,989 25,659,483 25,674,858 25,735,688 25,591,072Performance ratios:Return on average assets 1.89 % 1.87 % 1.85 % 1.82 % 1.86 % 1.87 % 1.80 %Return on average equity 15.69 15.74 15.67 15.84 16.26 15.70 16.27Dividend payout ratio 37.23 35.01 36.14 36.18 30.58 36.13 31.66Yield on total loans 6.37 6.49 6.40 6.31 6.43 6.42 6.41Yield on average earning assets 6.24 6.34 6.31 6.25 6.36 6.30 6.36Cost of average interest-bearing liabilities 3.42 3.39 3.48 3.55 3.69 3.43 3.77Cost of interest-bearing deposits 3.28 3.25 3.36 3.45 3.61 3.30 3.74Net interest margin 3.68 3.77 3.67 3.57 3.58 3.71 3.50Efficiency ratio(1) 38.65 37.23 38.32 40.49 37.01 38.06 36.90Asset quality data (at period end):Net charge-offs/(recoveries) to average loans held for investment 0.03 % 0.01 % 0.02 % 0.01 % 0.00 % 0.02 % (0.00) %Nonperforming assets to gross loans held for investment and OREO 0.47 0.49 0.59 0.58 0.51 0.47 0.51ACL to nonperforming loans 137.66 129.76 110.52 104.08 129.85 137.66 129.85ACL to loans held for investment 0.60 0.60 0.59 0.59 0.60 0.60 0.60Balance sheet and capital ratios:Gross loans held for investment to deposits 110.19 % 116.34 % 114.73 % 115.66 % 113.67 % 110.19 % 113.67 %Noninterest bearing deposits to deposits 20.22 20.41 19.73 19.60 20.29 20.22 20.29Investment securities to assets 0.94 0.93 0.93 0.77 0.81 0.94 0.81Common equity to assets 12.29 12.06 11.69 11.72 11.41 12.29 11.41Leverage ratio 12.21 11.91 11.76 11.57 11.12 12.21 11.12Common equity tier 1 ratio 19.93 19.91 19.23 19.17 19.12 19.93 19.12Tier 1 risk-based capital ratio 19.93 19.91 19.23 19.17 19.12 19.93 19.12Total risk-based capital ratio 20.74 20.78 20.09 20.05 20.03 20.74 20.03Mortgage and SBA loan data:Mortgage loans serviced for others $ 538,675 $ 559,112 $ 537,590 $ 527,039 $ 556,442 $ 538,675 $ 556,442Mortgage loan production 168,562 93,156 91,122 103,250 122,355 352,840 310,427Mortgage loan sales 18,248 54,309 40,051 – 54,193 112,608 187,490SBA/USDA loans serviced for others 460,720 480,867 474,143 479,669 487,359 460,720 487,359SBA loan production 17,777 29,337 20,012 35,730 35,839 67,126 55,533SBA loan sales 13,415 20,707 16,579 19,236 28,858 50,701 52,923______________________________________________(1) Represents noninterest expense divided by the sum of net interest income plus noninterest income.METROCITY BANKSHARES, INC.CONSOLIDATED BALANCE SHEETS (UNAUDITED) AsoftheQuarterEnded September30, June30, March31, December31, September30,(Dollars in thousands) 2025 2025 2025 2024 2024ASSETSCash and due from banks $ 213,941 $ 273,596 $ 272,317 $ 236,338 $ 278,752Federal funds sold 13,217 12,415 12,738 13,537 12,462Cash and cash equivalents 227,158 286,011 285,055 249,875 291,214Equity securities 18,605 18,481 18,440 10,300 10,568Securities available for sale (at fair value) 15,365 15,030 15,426 17,391 18,206Loans held for investment 2,960,436 3,121,534 3,132,535 3,157,935 3,087,826Allowance for credit losses (17,940) (18,748) (18,592) (18,744) (18,589)Loans less allowance for credit losses 2,942,496 3,102,786 3,113,943 3,139,191 3,069,237Loans held for sale 237,682 4,988 34,532 – 4,598Accrued interest receivable 16,912 16,528 16,498 15,858 15,667Federal Home Loan Bank stock 22,693 22,693 22,693 20,251 20,251Premises and equipment, net 17,836 17,872 18,045 18,276 18,158Operating lease right-of-use asset 7,712 8,197 7,906 7,850 7,171Foreclosed real estate, net 919 744 1,707 427 1,515SBA servicing asset, net 6,988 6,823 7,167 7,274 7,309Mortgage servicing asset, net 1,662 1,676 1,476 1,409 1,296Bank owned life insurance 75,148 74,520 73,900 73,285 72,670Interest rate derivatives 9,435 12,656 17,166 21,790 18,895Other assets 28,852 26,683 25,771 10,868 12,451Total assets $ 3,629,463 $ 3,615,688 $ 3,659,725 $ 3,594,045 $ 3,569,206LIABILITIESNoninterest-bearing deposits $ 544,439 $ 548,906 $ 539,975 $ 536,276 $ 552,472Interest-bearing deposits 2,148,645 2,140,587 2,197,055 2,200,522 2,170,648Total deposits 2,693,084 2,689,493 2,737,030 2,736,798 2,723,120Federal Home Loan Bank advances 425,000 425,000 425,000 375,000 375,000Operating lease liability 7,704 8,222 7,962 7,940 7,295Accrued interest payable 3,567 3,438 3,487 3,498 3,593Other liabilities 54,220 53,435 58,277 49,456 53,013Total liabilities $ 3,183,575 $ 3,179,588 $ 3,231,756 $ 3,172,692 $ 3,162,021SHAREHOLDERS' EQUITYPreferred stock – – – – -Common stock 255 255 254 254 253Additional paid-in capital 51,151 50,212 49,645 49,216 47,481Retained earnings 390,971 380,046 369,110 358,704 348,343Accumulated other comprehensive income 3,511 5,587 8,960 13,179 11,108Total shareholders' equity 445,888 436,100 427,969 421,353 407,185Total liabilities and shareholders' equity $ 3,629,463 $ 3,615,688 $ 3,659,725 $ 3,594,045 $ 3,569,206METROCITY BANKSHARES, INC.CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) Three Months Ended Nine Months Ended September30, June30, March31, December31, September30, September30, September30,(Dollars in thousands) 2025 2025 2025 2024 2024 2025 2024Interest and dividend income:Loans, including fees $ 50,975 $ 50,936 $ 50,253 $ 49,790 $ 50,336 $ 152,164 $ 150,980Other investment income 2,884 2,970 2,126 2,663 3,417 7,980 9,175Federal funds sold 144 143 140 161 80 427 144Total interest income 54,003 54,049 52,519 52,614 53,833 160,571 160,299Interest expense:Deposits 17,799 17,496 17,977 18,618 19,602 53,272 61,442FHLB advances and other borrowings 4,412 4,375 3,988 3,936 3,942 12,775 10,771Total interest expense 22,211 21,871 21,965 22,554 23,544 66,047 72,213Net interest income 31,792 32,178 30,554 30,060 30,289 94,524 88,086Provision for credit losses (543) 129 135 202 582 (279) 314Net interest income after provision for loan losses 32,335 32,049 30,419 29,858 29,707 94,803 87,772Noninterest income:Service charges on deposit accounts 551 505 500 563 531 1,556 1,510Other service charges, commissions and fees 2,376 1,620 1,596 1,748 1,915 5,592 5,100Gain on sale of residential mortgage loans 166 579 399 – 526 1,144 1,925Mortgage servicing income, net 516 781 618 690 422 1,915 1,758Gain on sale of SBA loans 558 643 658 811 1,083 1,859 2,134SBA servicing income, net 1,203 642 913 956 1,231 2,758 3,287Other income 808 963 772 553 907 2,543 2,028Total noninterest income 6,178 5,733 5,456 5,321 6,615 17,367 17,742Noninterest expense:Salaries and employee benefits 8,953 8,554 8,493 9,277 8,512 26,000 23,930Occupancy and equipment 1,410 1,380 1,417 1,406 1,430 4,207 4,118Data Processing 394 329 345 335 311 1,068 958Advertising 161 149 167 160 145 477 474Other expenses 3,756 3,701 3,377 3,148 3,262 10,834 9,573Total noninterest expense 14,674 14,113 13,799 14,326 13,660 42,586 39,053Income before provision for income taxes 23,839 23,669 22,076 20,853 22,662 69,584 66,461Provision for income taxes 6,569 6,843 5,779 4,618 5,961 19,191 18,192Net income available to common shareholders $ 17,270 $ 16,826 $ 16,297 $ 16,235 $ 16,701 $ 50,393 $ 48,269METROCITY BANKSHARES, INC.QTD AVERAGE BALANCES AND YIELDS/RATES Three Months Ended September30,2025 June30,2025 September30,2024 Average Interest and Yield / Average Interest and Yield / Average Interest and Yield /(Dollars in thousands) Balance Fees Rate Balance Fees Rate Balance Fees RateEarning Assets:Federal funds sold and other investments(1) $ 219,283 $ 2,760 4.99 % $ 231,803 $ 2,848 4.93 % $ 220,826 $ 3,308 5.96 %Investment securities 36,960 268 2.88 37,040 265 2.87 31,309 189 2.40Total investments 256,243 3,028 4.69 268,843 3,113 4.64 252,135 3,497 5.52Construction and development 29,130 613 8.35 28,283 580 8.23 14,170 302 8.48Commercial real estate 812,759 17,239 8.42 807,897 17,612 8.74 740,720 17,132 9.20Commercial and industrial 71,655 1,600 8.86 71,274 1,544 8.69 64,584 1,593 9.81Residential real estate 2,261,108 31,480 5.52 2,242,456 31,137 5.57 2,295,573 31,267 5.42Consumer and other 327 43 52.17 365 63 69.23 394 42 42.41Gross loans(2) 3,174,979 50,975 6.37 3,150,275 50,936 6.49 3,115,441 50,336 6.43Total earning assets 3,431,222 54,003 6.24 3,419,118 54,049 6.34 3,367,576 53,833 6.36Noninterest-earning assets 193,365 199,302 207,093Total assets 3,624,587 3,618,420 3,574,669Interest-bearing liabilities:NOW and savings deposits 188,576 1,476 3.11 162,810 1,089 2.68 119,759 770 2.56Money market deposits 974,500 6,480 2.64 1,032,754 6,815 2.65 982,517 6,156 2.49Time deposits 986,719 9,843 3.96 966,678 9,592 3.98 1,057,956 12,676 4.77Total interest-bearing deposits 2,149,795 17,799 3.28 2,162,242 17,496 3.25 2,160,232 19,602 3.61Borrowings 425,000 4,412 4.12 426,173 4,375 4.12 375,677 3,942 4.17Total interest-bearing liabilities 2,574,795 22,211 3.42 2,588,415 21,871 3.39 2,535,909 23,544 3.69Noninterest-bearing liabilities:Noninterest-bearing deposits 538,755 529,130 542,939Other noninterest-bearing liabilities 74,418 72,231 87,156Total noninterest-bearing liabilities 613,173 601,361 630,095Shareholders' equity 436,619 428,644 408,665Total liabilities and shareholders' equity $ 3,624,587 $ 3,618,420 $ 3,574,669Net interest income $ 31,792 $ 32,178 $ 30,289Net interest spread 2.82 2.95 2.67Net interest margin 3.68 3.77 3.58______________________________________________(1) Includes income and average balances for term federal funds sold, interest-earning cash accounts and other miscellaneous interest-earning assets.(2) Average loan balances include nonaccrual loans and loans held for sale.METROCITY BANKSHARES, INC.YTD AVERAGE BALANCES AND YIELDS/RATES Nine Months Ended September30,2025 September30,2024 Average Interest and Yield / Average Interest and Yield /(Dollars in thousands) Balance Fees Rate Balance Fees RateEarning Assets:Federal funds sold and other investments(1) $ 203,740 $ 7,706 5.06 % $ 187,398 $ 8,729 6.22 %Investment securities 35,363 701 2.65 31,428 590 2.51Total investments 239,103 8,407 4.70 218,826 9,319 5.69Construction and development 26,933 1,673 8.31 16,871 1,127 8.92Commercial real estate 800,301 51,008 8.52 731,573 50,270 9.18Commercial and industrial 71,905 4,732 8.80 66,116 4,894 9.89Residential real estate 2,270,373 94,603 5.57 2,332,271 94,565 5.42Consumer and other 323 148 61.26 311 124 53.26Gross loans(2) 3,169,835 152,164 6.42 3,147,142 150,980 6.41Total earning assets 3,408,938 160,571 6.30 3,365,968 160,299 6.36Noninterest-earning assets 196,632 214,756Total assets 3,605,570 3,580,724Interest-bearing liabilities:NOW and savings deposits 168,503 3,516 2.79 140,539 2,852 2.71Money market deposits 1,005,777 19,617 2.61 1,019,394 21,984 2.88Time deposits 986,618 30,139 4.08 1,034,256 36,606 4.73Total interest-bearing deposits 2,160,898 53,272 3.30 2,194,189 61,442 3.74Borrowings 413,853 12,775 4.13 362,965 10,771 3.96Total interest-bearing liabilities 2,574,751 66,047 3.43 2,557,154 72,213 3.77Noninterest-bearing liabilities:Noninterest-bearing deposits 529,075 536,807Other noninterest-bearing liabilities 72,709 90,459Total noninterest-bearing liabilities 601,784 627,266Shareholders' equity 429,035 396,304Total liabilities and shareholders' equity $ 3,605,570 $ 3,580,724Net interest income $ 94,524 $ 88,086Net interest spread 2.87 2.59Net interest margin 3.71 3.50______________________________________________(1) Includes income and average balances for term federal funds sold, interest-earning cash accounts and other miscellaneous interest-earning assets.(2) Average loan balances include nonaccrual loans and loans held for sale.METROCITY BANKSHARES, INC.LOAN DATA AsoftheQuarterEnded September30,2025 June30,2025 March31,2025 December31,2024 September30,2024 % of % of % of % of % of(Dollars in thousands) Amount Total Amount Total Amount Total Amount Total Amount TotalConstruction and development $ 32,415 1.1 % $ 30,149 1.0 % $ 28,403 0.9 % $ 21,569 0.7 % $ 16,539 0.5 %Commercial real estate 814,464 27.5 803,384 25.7 792,149 25.2 762,033 24.1 738,929 23.9Commercial and industrial 69,430 2.3 73,832 2.3 71,518 2.3 78,220 2.5 63,606 2.1Residential real estate 2,050,858 69.1 2,221,316 71.0 2,248,028 71.6 2,303,234 72.7 2,276,210 73.5Consumer and other 325 – 200 – 67 – 260 – 215 -Gross loans held for investment $ 2,967,492 100.0 % $ 3,128,881 100.0 % $ 3,140,165 100.0 % $ 3,165,316 100.0 % $ 3,095,499 100.0 %Unearned income (7,056) (7,347) (7,630) (7,381) (7,673)Allowance for credit losses (17,940) (18,748) (18,592) (18,744) (18,589)Net loans held for investment $ 2,942,496 $ 3,102,786 $ 3,113,943 $ 3,139,191 $ 3,069,237METROCITY BANKSHARES, INC.NONPERFORMING ASSETS AsoftheQuarterEnded September30, June30, March31, December31, September30,(Dollars in thousands) 2025 2025 2025 2024 2024Nonaccrual loans $ 13,032 $ 14,448 $ 16,823 $ 18,010 $ 14,316Past due loans 90 days or more and still accruing – – – – -Total non-performing loans 13,032 14,448 16,823 18,010 14,316Other real estate owned 919 744 1,707 427 1,515Total non-performing assets $ 13,951 $ 15,192 $ 18,530 $ 18,437 $ 15,831Nonperforming loans to gross loans held for investment 0.44 % 0.46 % 0.54 % 0.57 % 0.46 %Nonperforming assets to total assets 0.38 0.42 0.51 0.51 0.44Allowance for credit losses to non-performing loans 137.66 129.76 110.52 104.08 129.85METROCITY BANKSHARES, INC.ALLOWANCE FOR LOAN LOSSES AsofandfortheThree Months Ended AsofandfortheNine Months Ended September30, June30, March31, December31, September30, September30, September30,(Dollars in thousands) 2025 2025 2025 2024 2024 2025 2024Balance, beginning of period $ 18,748 $ 18,592 $ 18,744 $ 18,589 $ 17,960 $ 18,744 $ 18,112Net charge-offs/(recoveries):Construction and development – – – – – – -Commercial real estate 110 62 (1) – – 171 (83)Commercial and industrial 117 (2) 170 99 24 285 20Residential real estate – – – – – – -Consumer and other – – – – – – -Total net charge-offs/(recoveries) 227 60 169 99 24 456 (63)Provision for loan losses (581) 216 17 254 653 (348) 414Balance, end of period $ 17,940 $ 18,748 $ 18,592 $ 18,744 $ 18,589 $ 17,940 $ 18,589Total loans at end of period(1) $ 2,967,492 $ 3,128,881 $ 3,140,165 $ 3,165,316 $ 3,095,499 $ 2,967,492 $ 3,095,499Average loans(1) $ 3,121,079 $ 3,130,515 $ 3,167,085 $ 3,135,093 $ 3,113,142 $ 3,134,252 $ 3,122,273Net charge-offs/(recoveries) to average loans 0.03 % 0.01 % 0.02 % 0.01 % 0.00 % 0.02 % (0.00) %Allowance for loan losses to total loans 0.60 0.60 0.59 0.59 0.60 0.60 0.60______________________________________________(1) Excludes loans held for sale.

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