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US Metro Bank Announces Third Quarter 2019 Financial Results 46% ANNUAL INCREASE IN LOANS 40% ANNUAL INCREASE IN DEPOSITS

October 24, 2019 | News

Garden Grove, California:  October 24, 2019:  US Metro Bank (OTC Pink:  USMT) Mr. Dong Il Kim, President and CEO, announced the bank’s financial results for the third quarter 2019, reporting year over year loan growth of $119.8 million or 46%.  Deposits grew $126.5 million or 40% over the third quarter last year.  The opening of the Bank’s Fullerton Branch in early December 2018 accounted for $74.3 million of the total deposit growth.  The 46% loan growth from a year earlier helped the Net Interest Income increase $1.1 million or 29% for the third quarter compared to the third quarter a year earlier.  SBA premium income recorded an increase over the same third quarter of last year increasing $569 thousand or 90% on higher SBA origination volumes during the third quarter 2019 compared to the third quarter a year earlier.  Net income of $1,543,000 for the three months ending September 30, 2019 compares to $971,000 reported for the same three months in 2018, a year over year increase of $572 thousand or 59%.  Earnings per share (EPS) of $0.10 per share on 16,230,000 shares for the quarter ended September 30, 2019 compares to EPS of $0.06 per share on 16,230,000 shares for the same time period in 2018. 

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US Metro Bank Announces Second Quarter 2019 Financial Results 40% ANNUAL INCREASE IN DEPOSITS 30% ANNUAL INCREASE IN LOANS

July 22, 2019 | News

Garden Grove, California:  July 22, 2019:  US Metro Bank (OTC Pink:  USMT) Mr. Dong Il Kim, President and CEO, announced the bank’s financial results for the second quarter 2019, reporting year over year deposit growth of $116.4 million or 40%.   The opening of the Bank’s Fullerton Branch in early December 2018 accounted for $61.3 million of the total deposit growth.  Loans grew 30% from a year earlier helping the Net Interest Income increase $0.5 million or 15% for the second quarter compared to the second quarter a year earlier.  SBA premium income recorded a decrease over the same second quarter of last year declining $181 thousand or 24% on lower SBA origination volumes during the second quarter 2019 compared to the second quarter a year earlier.  Net income of $1,120,000 for the three months ending June 30, 2019 compares to $860,000 reported for the same three months in 2018, a year over year increase of $260 thousand or 30%.  Earnings per share (EPS) of $0.07 per share on 16,230,000 shares for the quarter ended June 30, 2019 compares to EPS of $0.05 per share on 16,230,000 shares for the same time period in 2018.

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US Metro Bank Announces First Quarter 2019 Financial Results 41% ANNUAL INCREASE IN DEPOSITS 25% ANNUAL INCREASE IN LOANS

April 30, 2019 | News

Garden Grove, California:  April 30, 2019:  US Metro Bank (OTC Pink:  USMT) Mr. Dong Il Kim, President and CEO, announced the bank's financial results for the first quarter 2019,  reporting year over year deposit growth of $112.0 million or 41%.   The opening of the Bank’s Fullerton Branch in early December 2018 accounted for $43.5 million of the total deposit growth.  Loans grew 25% from a year earlier helping the Net Interest Income increase $1.1 million or 37% for the first quarter.  Net SBA premium income recorded a significant decrease over the same first quarter of last year declining $726 thousand or 56% on lower SBA origination volumes during the first quarter 2019.  The resulting net income of $931,000 for the three months ending March 31, 2019 compares to $1,193,000 reported for the same three months in 2018, a year over year decrease of $262 thousand or 22%.  Earnings per share (EPS) of $0.06 per share on 16,230,000 shares for the quarter ended March 31, 2019 compares to EPS of $0.07 per share on 16,230,000 shares for the same time period in 2018.

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US Metro Bank Announces Fourth Quarter 2018 Financial Results 24% ANNUAL INCREASE IN DEPOSITS 33% ANNUAL INCREASE IN LOANS

January 30, 2019 | News

Garden Grove, California:  January 30, 2019:  US Metro Bank (OTC Pink:  USMT) Mr. Dong Il Kim, President and CEO, announced the bank's financial results for the fourth quarter 2018, reporting net income of $829,000 for the three months ending December 31, 2018 compared to $480,000 reported for the same three months in 2017, an year over year increase of 73%. Earnings per share (EPS) of $0.05 per share on 16,230,000 shares for the quarter ended December 31, 2018 compares to EPS of $0.03 per share on 16,230,000 shares for the same time period in 2017. The 2018 earnings reflect the lower federal tax rate, effective January 1, 2018.

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