MetroCity Bankshares reports Q1 EPS 57c vs. 62c last year

Reports Q1 net income $14.6M, up $3.3M or 28.9% from $11.3M for 4Q23, and down $1.1M or 7.0% vs. $15.7M for 1Q23. Recorded a Q1 credit provision for credit losses of $140K vs. a provision for credit losses expense of $782K in 4Q23 and no provision for credit losses in 1Q23.