US Metro Bancorp Q2 profit rises as loans and deposits grow
USMT•Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Net Income | $3.46 mln | ||
| Q2 Basic EPS | $0.21 |
Quarterly results
US Metro Bancorp reported Q2 net income and EPS up year over year and quarter over quarter.
Total assets, loans and deposits grew by double digits from a year earlier.
The company said higher net interest income supported earnings growth, rising 10.8% quarter over quarter and 21.5% year over year.
Provision for credit losses and non-performing assets both increased year over year.
The company did not provide specific guidance for the current quarter or full year.
