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US Metro Bancorp (OTCQX: USMT) announced its first quarter 2024 results, reporting a consolidated earnings of $1.5 million, a decrease from the previous quarter. The company recorded an annualized ROAA of 0.47% and an annualized ROAE of 6.13%, with EPS of $0.09 for the first quarter of 2024. The Bank's total assets increased by 13.9% year over year, with loan growth of 12.2%. CEO Dong Il Kim expressed optimism for improved income in the second quarter and beyond.
