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) 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%.
US Metro Bancorp (OTCQX: USMT) has announced a dividend distribution to its shareholders. The company's Board of Directors has approved a $0.03 cash dividend per share. The dividend will be paid on December 23, 2024, to shareholders who are recorded as holders of the stock at the close of business on December 9, 2024.
US Metro Bancorp (USMT) reported Q3 2024 earnings of $1.7 million, down from $2.2 million in Q2 2024 and $2.3 million in Q3 2023. The bank's EPS decreased to $0.11 from $0.13 in Q2 2024. Total assets reached $1.387 billion, showing a 15.7% year-over-year increase. Total deposits grew 17.3% to $1.216 billion, while loans increased 17.6% to $169 million. The bank's book value per share improved to $6.11 from $5.55 a year earlier. Year-to-date net interest income rose to $60.1 million from $48.5 million, though net income decreased by $2.8 million to $6.3 million compared to 2023.
US Metro Bancorp (OTCQX: USMT) has announced a $0.03 cash dividend for its shareholders. The dividend will be payable on September 23, 2024 to shareholders of record as of the close of business on September 9, 2024. This decision was approved by the company's Board of Directors, demonstrating their commitment to providing returns to investors. The declaration of a dividend is often seen as a positive sign of a company's financial health and confidence in its future prospects.
US Metro Bancorp (OTCQX: USMT) reported Q2 2024 earnings of $2.2 million, up from $1.5 million in Q1 2024 but down from $2.7 million in Q2 2023. EPS for Q2 2024 was $0.13, compared to $0.09 in Q1 2024 and $0.17 in Q2 2023. The bank's total assets grew 16.6% year-over-year to $1.348 billion, with loan growth of 17.0% and deposit growth of 18.4%.
Year-to-date, the bank reported net interest income of $40.0 million, up from $31.3 million in the same period last year. However, net income for the first six months of 2024 decreased to $4.3 million from $6.4 million in 2023. The bank's loan quality remained strong, with non-performing assets at 0.28% of total assets and an Allowance for Credit Losses (ACL) to gross loans ratio of 1.20%.
US Metro Bancorp (OTCQX: USMT) announced that its Board of Directors has approved an interim cash dividend of $0.03 per share.
This dividend will be payable on June 24, 2024, to shareholders who are on record by the close of business on June 7, 2024.
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