METROCITY BANKSHARES -,01

MetroCity Bankshares announced the resignation of Executive VP and CFO Lucas Stewart effective April 3, 2026, and immediately appointed Farid Tan as interim finance director, chief financial officer and chief accounting officer until a permanent successor is named. Tan is currently president of MetroCity Bankshares and CEO of Metro City Bank, previously served as CFO from 2019–2021 and has more than 40 years of banking experience; no changed compensation agreements or arrangements were made in connection with the interim appointment. The company also announced a quarterly cash dividend of $0.25 per share; Keefe, Bruyette & Woods raised its price target to $32. Following the acquisition of First IC, MetroCity reports strong capital ratios (CET1 15.9%, tangible common equity 10.1%) and a market capitalization of about $820.7 million. » Mere på de.investing.com

The board of directors of MetroCity Bankshares has extended the current share repurchase program through September 30, 2026, and is authorized to repurchase up to 923,976 outstanding common shares. Repurchases may be made on the open market or through privately negotiated transactions and are intended to comply with SEC rules, including Rule 10b-18; plans under Rule 10b5-1 may be used. The company also announced a quarterly cash dividend of $0.25 per share and appointed David Shim to the board of directors and several committees. » Mere på de.investing.com

MetroCity Bankshares has announced a quarterly dividend of $0.25 per share and reported a 13% year-over-year increase in net interest income. The bank has consistently raised its dividend over the past four years and demonstrated strong financial performance. Additionally, David Shim was appointed to the board of directors and several key resolutions were passed at the annual general meeting. » Mere på de.investing.com