US Metro Bancorp Q3 profit rises 6.5% year over year, loans up 12%
USMT•US Metro Bancorp reported Q3 net income of $3.14 million, up 6.5% year over year, and basic EPS of $0.19. Loans increased 12% year over year.
1. Q3 results
US Metro Bancorp’s Q3 net income and EPS rose year over year but declined sequentially. Interest income increased 10.8% and other income rose 38.3% year over year, while its provision for credit losses increased 176.9%. Deposits and total assets also recorded double-digit year-over-year growth.
