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Stock impact report

US Metro Bancorp Announces Third Quarter 2024 Results

US METRO BANCORP (USMT) 
NASDAQ:AMEX Investor Relations: usmetrobank.com/investor-relations
Company Research Source: Business Wire
GARDEN GROVE, Calif.--(BUSINESS WIRE)--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 $1.7 million in the third quarter of 2024, compared to $2.2 million in the second quarter of 2024. For the three months ending September 30, 2024, the consolidated Bancorp earned $1.7 million compared to $2.3 million for the three months ending September 30, 2023. On a year-to-date basis, the Bancorp recorded an annualized return on average assets (“ROAA”) of 0.53% and an annualized return on average equity (“ROAE”) of 7.22%. With 16,520,000 shares outstanding, earnings per share (“EPS”) for the third quarter of 2024 was $0.11 compared to $0.13 in the second quarter of 2024. For the three months ending September 30, 2024, EPS was $0.11 compared to $0.14 for the three months ending September 30, 2023. On September 30, 2024, Bancorp’s book value per share was $6.11 comp Show less Read more
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