Welcome to our dedicated page for Us Metro Bank news (Ticker: USMT), a resource for investors and traders seeking the latest updates and insights on Us Metro Bank stock.
US Metro Bancorp (OTCQX: USMT) is a bank holding company for US Metro Bank, a California chartered, full service commercial bank headquartered in Garden Grove, California. The bank opened for business on September 15, 2006 and focuses on deposit and loan products, including commercial real estate, commercial and industrial, mortgage, SBA, and in some disclosures USDA loans, along with related banking services.
This news page compiles company-issued updates and announcements about US Metro Bancorp and US Metro Bank. Readers can review periodic financial results where the company reports net income, net interest income, return on average assets (ROAA), return on average equity (ROAE), net interest margin, efficiency ratio, and key balance sheet figures such as total assets, gross loans, deposits, borrowings, and equity.
US Metro Bancorp’s news releases also cover decisions by its Board of Directors to declare interim cash dividends on common stock, including the dividend amount per share and record and payment dates. In addition, the company reports on subordinated note capital raises and redemptions, describing private placements of fixed interest rate subordinated debt notes, their maturities, interest rates, and intended uses of proceeds for general corporate purposes and repayment or refinancing of existing debt.
Operational developments appear in these updates as well, such as the opening of a branch in Lakewood, Washington, which the bank states expanded its presence in the Seattle, Washington area. By following this news feed, investors and observers can see how US Metro Bancorp communicates its financial performance, capital management actions, dividend declarations, and selected branch expansion activities over time.
US Metro Bancorp (OTCQX: USMT) declared a $0.03 per share cash dividend. The Board approved the dividend, payable on December 16, 2025 to shareholders of record at the close of business on December 2, 2025.
US Metro Bancorp (OTCQX: USMT) closed a private placement of $31.9 million principal 6.00% fixed subordinated debt notes on October 31, 2025. The Notes mature on October 31, 2028 and pay interest at 6.00% per annum, payable quarterly. Proceeds will be used for general corporate purposes, including organic growth and/or repayment of certain existing debt instruments.
Separately, the company elected to redeem $16.0 million of 5.65% fixed-to-floating subordinated notes, with the redemption effective on November 7, 2025. Janney Montgomery Scott served as financial advisor.
US Metro Bancorp (OTCQX: USMT) reported third quarter 2025 results showing continued growth in assets, loans and deposits alongside higher credit costs.
Key figures: Net income of $2.9M in Q3 2025; YTD net income $9.194M (nine months); Total assets $1.571B (+13.2% YoY); Gross loans $1.270B (+12.4% YoY); Deposits $1.383B (+13.8% YoY); Book value per share $6.62. Credit metrics: NPAs/total assets rose to 1.65% from 0.36% a year earlier and ACL/gross loans was 1.19%. The bank recorded a $2.2M provision for loan losses YTD.
US Metro Bancorp (OTCQX: USMT) announced its Board of Directors has approved a $0.03 cash dividend for shareholders. The dividend will be paid on September 23, 2025 to stockholders of record as of September 9, 2025.
US Metro Bancorp (OTCQX: USMT) reported its Q2 2025 financial results, with net income of $2.5 million, slightly down from $2.6 million in Q1 2025 but up from $2.2 million in Q2 2024. The bank achieved significant growth with total assets reaching $1.452 billion, a 7.7% year-over-year increase.
Key highlights include year-over-year loan growth of $102 million (9.0%) and deposit growth of $98 million (8.3%). The bank's net interest income for H1 2025 was $21.1 million, up from $16.9 million in the same period last year. However, non-performing assets increased to 1.11% of total assets, up from 0.28% the previous year.
The bank maintained an allowance for credit losses (ACL) ratio of 1.20% and reported earnings per share of $0.15 for Q2 2025.
US Metro Bancorp (USMT) reported strong Q1 2025 financial results with net income of $2.6 million, up from $1.7 million in Q4 2024 and $1.5 million in Q1 2024. The bank achieved an annualized return on average assets (ROAA) of 0.73% and return on average equity (ROAE) of 10.10%.
Key highlights include:
- EPS increased to $0.16 from $0.11 in Q4 2024
- Total assets reached $1.417 billion, up 9.4% year-over-year
- Loan growth of $123 million (11.4%) year-over-year
- Deposits grew to $1.236 billion, a 9.1% increase from Q1 2024
- Net interest income rose to $10.0 million from $8.1 million year-over-year
The bank expanded its presence by opening a new branch in Lakewood, Washington. However, non-performing assets increased to 0.92% of total assets, up from 0.17% in Q1 2024.
US Metro Bancorp (OTCQX: USMT) has successfully completed a private placement of $15.9 million in Subordinated Debt Notes with a 6.00% Fixed Interest Rate, maturing on March 31, 2028. The notes will pay interest quarterly in arrears.
Simultaneously, the company announced the redemption of $10.0 million in 5.25% Fixed to Floating Rate Subordinated Notes on April 14, 2025. The proceeds will be used for general corporate purposes, including organic growth and debt repayment.
CEO Dong Il Kim stated that this capital raise enables the company to refinance higher floating rate debt and strengthens their balance sheet and business model.
US Metro Bancorp (OTCQX: USMT) has announced a cash dividend distribution to its shareholders. The company's Board of Directors has approved a $0.03 per share dividend payment. The dividend will be paid on March 24, 2025 to shareholders who are recorded as stockholders at the close of business on March 10, 2025.
US Metro Bancorp (USMT) reported Q4 2024 earnings of $1.7 million, unchanged from Q3 2024. Full-year 2024 earnings decreased to $7.1 million from $10.6 million in 2023. The company achieved an annualized ROAA of 0.53% and ROAE of 7.24%.
Key financial metrics include: Q4 2024 EPS of $0.11 (flat vs Q3), full-year EPS of $0.43 (down from $0.65 in 2023), and book value per share of $6.11 (up from $5.81). The Bank's net interest income increased to $36.1 million from $34.8 million year-over-year.
Total assets grew 13.9% to $1.396 billion, with loan growth of 15.2% ($155.3 million) and deposit growth of 15.4% ($164.0 million). Non-performing assets ratio increased to 0.66% from 0.09%, while ACL to gross loans decreased to 1.20% from 1.27%.
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