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 Bank (USMT) delivers community-focused financial services through a strategic blend of traditional banking and digital innovation. This news hub provides investors and stakeholders with comprehensive updates on corporate developments, financial performance, and market positioning.
Access official press releases and curated news coverage spanning earnings announcements, product launches, leadership updates, and regulatory milestones. Our repository serves as a centralized source for tracking USMT's initiatives in consumer banking, commercial lending, and technology-driven service enhancements.
Discover updates on interest rate strategies, branch network expansions, and digital platform improvements that reflect the bank's dual focus on local engagement and operational modernization. Content spans quarterly financial disclosures, strategic partnerships, and compliance updates essential for informed decision-making.
Bookmark this page for ongoing access to verified information about USMT's financial health and community impact. Monitor how the bank balances deposit growth initiatives with credit risk management in evolving market conditions.
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%.
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.
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.
