(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 $3.5 million in the second quarter of 2026, compared to $3.3 million in the first quarter of 2026. For the six months ending June 30, 2026, the consolidated Bancorp earned $6.8 million compared to $5.0 million for the six months ending June 30, 2025. On a year-to-date basis, Bancorp recorded an annualized return on average assets (“ROAA”) of 0.85% and an annualized return on average equity (“ROAE”) of 11.84%. With 16,791,500 shares outstanding, earnings per share (“EPS”) for the second quarter of 2026 was $0.21 compared to $0.20 in the first quarter of 2026. For the six months ending June 30, 2026, EPS was $0.41 compared to $0.31 for the six months ending June 30, 2025. On June 30, 2026, Bancorp’s book value per share was $7.01 compared to $6.43 a year earlier.
The Bank recorded on a year-to-date basis net interest income of $25.7 million compared to $21.1 million in the same period a year earlier. Net income of $8.0 million for the six months ending June 30, 2026, compared to $5.8 million reported for the same six months in 2025, a year over year increase of $2.2 million.
The Bank reported total assets of $1.641 billion as of June 30, 2026, representing a 13.0% increase compared to the reporting period ending June 30, 2025, and year over year loan growth of $142 million or 11.5%. Total Bank deposits ended the second quarter of 2026 at $1.438 billion, a $157 million or 12.2% increase from $1.281 billion on June 30, 2025.
Non-performing assets as a percentage of total assets of 1.35% on June 30, 2026, compared to 1.11% as of June 30, 2025. The Bank had $3.4 million Other Real Estate Owned (OREO) on June 30, 2026. Allowance for credit losses (ACL) to gross loans was 1.27% as of June 30, 2026, compared to 1.20% as of June 30, 2025. The Bank recorded a $4.0 million provision for credit losses for the six months ending June 30, 2026, compared to $0.9 million recorded for the six months ending June 30, 2025.
“The Bank had a good first half of the year with profitability and improved ROE, NIM, and efficiency performance metrics. The Bank had solid growth in both loans and deposits while continuing to add to the ACL provision. The Bank is focused on finishing the year strong in the second half,” said CEO Dong Il Kim.
US Metro Bank is a California chartered, full service commercial bank headquartered in Garden Grove, California. The Bank opened for business on September 15, 2006, and offers deposit and loan products (including commercial real estate, commercial and industrial, mortgage, SBA and USDA loans), as well as related banking services to its customers.
This release contains forward-looking statements, including our expectations with respect to future events that are subject to various risks and uncertainties. Factors that could cause actual results to differ materially from management's projections, forecasts, estimates and expectations include: fluctuation in market rates of interest and loan and deposit pricing, adverse changes in the overall national economy as well as adverse economic conditions in our specific market areas, maintenance and development of well-established and valued client relationships and referral source relationships, and acquisition or loss of key production personnel. Other risks that can affect the Bank are detailed from time to time in our annual reports. We caution readers that the list of factors above is not exclusive. The forward-looking statements are made as of the date of this release, and we may not undertake steps to update the forward-looking statements to reflect the impact of any circumstances or events that arise after the date the forward-looking statements are made. In addition, our past results of operations are not necessarily indicative of future performance.
| US METRO BANCORP | CONSOLIDATED FINANCIAL HIGHLIGHTS (unaudited) | (All amounts in thousands except per share information) | At or for the Three Months Ended | 6/30/2026 3/31/2026 % Change6/30/2025 % Change | Net Income $ 3,460 $ 3,335 3.74 % $ 2,453 41.06 % | Net Income Per Share (Basic) $ 0.21 $ 0.20 3.52 % $ 0.15 38.92 % | ROAA (Annualized)
0.86 % 0.86 % - 0.68 % 0.18 % | ROAE (Annualized)
11.90 % 11.77 % 0.13 % 9.34 % 2.56 % | Efficiency Ratio
61.45 % 65.21 % -3.76 % 69.54 % -8.09 % | Assets $ 1,643,388 $ 1,565,399 4.98 % $ 1,453,986 13.03 % | Gross Loans $ 1,371,561 $ 1,302,962 5.26 % $ 1,229,567 11.55 % | Deposits $ 1,436,212 $ 1,361,612 5.48 % $ 1,278,896 12.30 % | Non-Interest Bearing Deposits $ 261,851 $ 239,729 9.23 % $ 224,561 16.61 % | Common Equity $ 117,728 $ 114,866 2.49 % $ 106,191 10.86 % | Ending Common Shares O/S
16,791,500 16,738,500 53,000 16,520,000 271,500 | Book Value Per Common Shares $ 7.01 $ 6.86 $ 0.15 $ 6.43 $ 0.58 | At or for the Six Months Ended | 6/30/2026 6/30/2025 Y-O-Y Change | Net Income $ 6,796 $ 5,040 $ 1,756 34.84 % | Net Income Per Share (Basic) $ 0.41 $ 0.31 $ 0.10 33.28 % | ROAA (Annualized)
0.85 % 0.70 % 0.15 % 21.19 % | ROAE (Annualized)
11.84 % 9.59 % 2.25 % 23.48 % | Efficiency Ratio
63.29 % 69.19 % -5.90 % -8.53 % | Assets $ 1,643,388 $ 1,453,986 $ 189,402 13.03 % | Gross Loans (Excl. Loans HFS) $ 1,332,378 $ 1,204,529 $ 127,849 10.61 % | Deposits $ 1,436,212 $ 1,278,896 $ 157,316 12.30 % | Non-Interest Bearing Deposits $ 261,851 $ 224,561 $ 37,290 16.61 % | Common Equity $ 117,728 $ 106,191 $ 11,537 10.86 % | Ending Common Shares O/S
16,791,500 16,520,000 271,500 1.64 % | Book Value Per Common Shares $ 7.01 $ 6.43 $ 0.58 9.07 % |
| US METRO BANK (only) | FINANCIAL HIGHLIGHTS (unaudited) | BALANCE SHEET | (All amounts in thousands except per share information) | Assets6/30/20266/30/2025Y-O-Y Change | Cash and Due From Bank $ 14,816 $ 12,663 $ 2,153 17.0 % | Investments and Fed Funds Sold $ 230,232 $ 190,392 39,840 20.9 % | Gross Loans
1,371,561 1,229,567 141,994 11.5 % | Allowance for Credit Losses
(17,382 ) (14,763 ) (2,619 ) 17.7 % | Other Assets
41,676 34,522 7,154 20.7 % | Total Assets $ 1,640,903 $ 1,452,381 $ 188,522 13.0 % | Liabilities and Capital6/30/20266/30/2025Y-O-Y Change | Deposits $ 1,437,734 $ 1,281,111 $ 156,623 12.2 % | Borrowings
25,000 20,000 5,000 25.0 % | Other Liabilities
16,781 15,886 895 5.6 % | Equity
161,388 135,384 26,004 19.2 % | Total Liabilities and Capital $ 1,640,903 $ 1,452,381 $ 188,522 13.0 % | STATEMENT OF OPERATIONSThree Months Ended | Income Statement6/30/20263/31/2026Q-O-Q Change | Interest Income $ 23,975 $ 22,256 $ 1,719 7.7 % | Interest Expense
10,468 10,061 406 4.0 % | Net Interest Income
13,507 12,195 1,312 10.8 % | Provision for Credit Losses
2,400 1,600 800 50.0 % | Other Income
6,263 6,779 (516 ) -7.6 % | Operating Expenses
11,613 11,790 (176 ) -1.5 % | Tax
1,700 1,636 65 3.9 % | Net Income $ 4,057 $ 3,949 $ 108 2.7 % | STATEMENT OF OPERATIONSSix Months Ended | Income Statement6/30/20266/30/2025Y-O-Y Change | Interest Income $ 46,231 $ 41,972 $ 4,259 10.1 % | Interest Expense
20,529 20,826 (297 ) -1.4 % | Net Interest Income
25,702 21,146 4,556 21.5 % | Provision for Credit Losses
4,000 900 3,100 344.4 % | Other Income
13,043 5,992 7,051 117.7 % | Operating Expenses
23,403 17,915 5,488 30.6 % | Tax
3,336 2,475 861 34.8 % | Net Income $ 8,006 $ 5,848 $ 2,158 36.9 % | Ratios6/30/20266/30/2025Y-O-Y Change | Net Loan to Deposits
94.19 % 94.82 % -0.64 % | ACL/Gross Loans
1.27 % 1.20 % 0.07 % | NPAs/Total Assets
1.35 % 1.11 % 0.25 % | Tier One Leverage Ratio
10.42 % 9.81 % 0.61 % | YTD ROAA (annualized)
1.03 % 0.84 % 0.20 % | YTD ROAE (annualized)
10.06 % 9.05 % 1.03 % | Net Interest Margin (QTD)
3.47 % 3.17 % 0.30 % | Net Interest Margin (YTD)
3.38 % 3.09 % 0.29 % |
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