Garden Grove, California: January 26, 2023: US Metro Bancorp (OTCQX: USMT):
Mr. Dong Il Kim, President and CEO, announced US Metro Bancorp and US Metro Bank’s financial results for the fourth quarter 2022. US Metro Bancorp (“Bancorp”) is a bank holding company (BHC), with a single subsidiary, US Metro Bank. On a consolidated basis the Bancorp earned $4,463,000 in the fourth quarter of 2022, compared to $4,076,000 in the third quarter of 2022. For the twelve months ending December 31, 2022, the consolidated Bancorp earned $16,439,000 compared to $15,705,000 for the twelve months ending December 31, 2021. On a year-to-date basis the Bancorp recorded an annualized return on average assets (“ROAA”) of 1.98% and an annualized return on average equity (“ROAE”) of 26.54%. With 16,360,000 shares outstanding, earnings per share (“EPS”) for the fourth quarter 2022 was $0.27 compared to $0.25 in the third quarter 2022. For the twelve months ended December 31, 2022, EPS was $1.01 compared to $0.97 for the twelve months ending December 31, 2021. On December 31, 2022, the Bancorp’s Book Value was $5.17 compared to $4.72 per share a year earlier.
