Garden Grove, California: July 23, 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 $3.5 million in the second quarter of 2026, compared to $3.3 million in the first quarter of 2026. For the six months ending June 30, 2026, the consolidated Bancorp earned $6.8 million compared to $5.0 million for the six months ending June 30, 2025. On a year-to-date basis, Bancorp recorded an annualized return on average assets (“ROAA”) of 0.85% and an annualized return on average equity (“ROAE”) of 11.84%. With 16,791,500 shares outstanding, earnings per share (“EPS”) for the second quarter of 2026 was $0.21 compared to $0.20 in the first quarter of 2026. For the six months ending June 30, 2026, EPS was $0.41 compared to $0.31 for the six months ending June 30, 2025. On June 30, 2026, Bancorp’s book value per share was $7.01 compared to $6.43 a year earlier. The Bank recorded on a year-to-date basis net interest income of $25.7 million compared to $21.1 million in the same period a year earlier. Net income of $8.0 million for the six months ending June 30, 2026, compared to $5.8 million reported for the same six months in 2025, a year over year increase of $2.2 million. The Bank reported total assets of $1.641 billion as of June 30, 2026, representing a 13.0% increase compared to the reporting period ending June 30, 2025, and year over year loan growth of $142 million or 11.5%. Total Bank deposits ended the second quarter of 2026 at $1.438 billion, a $157 million or 12.2% increase from $1.281 billion on June 30, 2025. Non-performing assets as a percentage of total assets of 1.35% on June 30, 2026, compared to 1.11% as of June 30, 2025. The Bank had $3.4 million Other Real Estate Owned (OREO) on June 30, 2026. Allowance for credit losses (ACL) to gross loans was 1.27% as of June 30, 2026, compared to 1.20% as of June 30, 2025. The Bank recorded a $4.0 million provision for credit losses, for the six months ending June 30, 2026, compared to $0.9 million recorded for the six months ending June 30, 2025. “The Bank had a good first half of the year with profitability and improved ROE, NIM, and efficiency performance metrics. The Bank had solid growth in both loans and deposits while continuing to add to the ACL provision. The Bank is focused on finishing the year strong in the second half.” 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.
