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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549



                                    FORM 8-K

                                 CURRENT REPORT
                       PURSUANT TO SECTION 13 OR 15(D) OF
                       THE SECURITIES EXCHANGE ACT OF 1934


         Date of Report (Date of earliest event reported): July 27, 2006


                           METROCORP BANCSHARES, INC.
             (Exact name of registrant as specified in its charter)



            Texas                         0-25141                76-0579161
(State or other jurisdiction of    (Commission File Number)   (I.R.S. Employer
 incorporation or organization)                              Identification No.)


9600 Bellaire Boulevard, Suite 252
        Houston, Texas                                          77036
(Address of principal executive offices)                        (Zip Code)

       Registrant's telephone number, including area code: (713) 776-3876

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act.(17 CFR
    230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
   (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
    Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
    Exchange Act (17 CFR 240.13e-4(c))


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Item 2.02         Results of Operations and Financial Condition.

         On July 27, 2006, MetroCorp Bancshares, Inc. publicly disseminated a
press release announcing its financial results for the second quarter ending
June 30, 2006. A copy of the press release is attached as Exhibit 99.1 hereto
and incorporated herein by reference.

         As provided in General Instruction B.2 to Form 8-K, the information
furnished in Item 2.02 and Exhibit 99.1 of this Current Report on Form 8-K shall
not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act
of 1934, as amended (the "Exchange Act"), or otherwise subject to the
liabilities of that section, and such information shall not be deemed
incorporated by reference in any filing under the Securities Act of 1933, as
amended, or the Exchange Act, except as shall be expressly set forth by specific
reference in such filing.

Item 9.01    Financial Statements and Exhibits.


       (c)   Exhibits. The following is furnished as an exhibit to this Current
             Report on Form 8-K:

             Exhibit
             Number            Description of Exhibit
             ------            ----------------------

             99.1              Press Release issued by MetroCorp
                               Bancshares, Inc. dated July 27, 2006.







                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                                  METROCORP BANCSHARES, INC.



Dated:  July 27, 2006                   By:  /s/ George M. Lee
                                             -----------------
                                                    George Lee
                                                    Chief Executive Officer





                                  EXHIBIT INDEX

         Exhibit
         Number            Description of Exhibit
         ------            ----------------------

         99.1              Press Release issued by MetroCorp Bancshares, Inc.
                           dated July 27, 2006.