Garden Grove, California: April 24, 2026: US Metro Bancorp (OTCQX: USMT): US Metro Bancorp (“Bancorp”) is a bank holding company, with a single subsidiary, US Metro Bank (“Bank”). On a consolidated basis, Bancorp earned $3.3 million in the first quarter of 2026, compared to $2.2 million in the fourth quarter of 2025. For the three months ending March 31, 2026, the consolidated Bancorp earned $3.3 million compared to $2.6 million for the three months ending March 31, 2025. On a year-to-date basis, Bancorp recorded an annualized return on average assets (“ROAA”) of 0.86% and an annualized return on average equity (“ROAE”) of 11.77%. With 16,738,500 shares outstanding, earnings per share (“EPS”) for the first quarter of 2026 was $0.20 compared to $0.14 in the fourth quarter of 2025. For the three months ending March 31, 2026, EPS was $0.20 compared to $0.16 for the three months ending March 31, 2025. On March 31, 2026, Bancorp’s book value per share was $6.86 compared to $6.29 a year earlier. The Bank recorded on a year-to-date basis net interest income of $12.2 million compared to $10.0 million in the same period a year earlier. Net income of $3.9 million for the three months ending March 31, 2025, compared to $2.9 million reported for the same three months in 2025, a year over year increase of $1.0 million. The Bank reported total assets of $1.563 billion as of March 31, 2026, representing a 10.3% increase compared to the reporting period ending March 31, 2025, and year over year loan growth of $105 million or 8.7%. Total Bank deposits ended the first quarter of 2026 at $1.363 billion, a $126 million or 10.1% increase from $1.238 billion on March 31, 2025. Non-performing assets as a percentage of total assets of 1.41% on March 31, 2026, compared to 0.92% as of March 31, 2025. The Bank had $3.4 million Other Real Estate Owned (OREO) on March 31, 2026. Allowance for credit losses (ACL) to gross loans was 1.27% as of March 31, 2026, compared to 1.20% as of March 31, 2025. The Bank recorded a $1.6 million provision for loan loss expense, for the three months ending March 31, 2026, compared to $0.3 million recorded for the three months ending March 31, 2025. “The Bank has continued to improve profitability and performance metrics in the first quarter of 2026, notably in ROE, NIM, and efficiencies. The Bank continued its growth in both loans and deposits while expanding our lending capabilities.” said CEO Dong Il Kim. US Metro Bank is a California chartered, full service commercial bank headquartered in Garden Grove, California. The Bank opened for business on September 15, 2006, and offers deposit and loan products (including commercial real estate, commercial and industrial, mortgage, SBA and USDA loans), as well as related banking services to its customers.
