US Metro Bancorp Announces Third Quarter 2026 Results
Key Highlights
- ➤Q3 net income $3.1 million, down from $3.5 million sequentially
- ➤Nine-month net income $9.9 million, up 24.4% year over year
- ➤Gross loans $1.427 billion, up 12.4% year over year
- ➤Deposits $1.527 billion, up 10.3% year over year
- ➤Nine-month provision for credit losses $7.6 million, versus $2.2 million year earlier
Expert Statements
Dong Il Kim, CEO of US Metro Bancorp
“Our third quarter results reflect the continued strength of our core franchise. Year-to-date earnings of $9.9 million are up 24% over the same period last year, and we delivered double-digit year-over-year growth in loans, deposits, and total assets. While the third quarter earnings were modestly below the second quarter, we continued to prudently build our allowance for credit losses, and we are encouraged by the improvement in non-performing assets compared to a year ago. With book value per share rising to $7.06, we remain focused on finishing 2026 strong and building long-term value for our shareholders,”
US Metro Bancorp (OTCQX: USMT): US Metro Bancorp (“Bancorp”) is a bank holding company, with a single subsidiary, US Metro Bank (“Bank”). On a consolidated basis, Bancorp earned $3.1 million in the third quarter of 2026, compared to $3.5 million in the second quarter of 2026. For the nine months ending September 30, 2026, the consolidated Bancorp earned $9.9 million compared to $8.0 million for the nine months ending September 30, 2025. On a year-to-date basis, Bancorp recorded an annualized return on average assets (“ROAA”) of 0.80% and an annualized return on average equity (“ROAE”) of 11.32%. With 16,791,500 shares outstanding, earnings per share (“EPS”) for the third quarter of 2026 was $0.19 compared to $0.21 in the second quarter of 2026. For the nine months ending September 30, 2026, EPS was $0.59 compared to $0.48 for the nine months ending September 30, 2025. On September 30, 2026, Bancorp’s book value per share was $7.06 compared to $6.62 a year earlier.
Get started
Create a free account to read the full story.