Live Breaking News & Updates on Due From Bank|Page 4

Stay updated with breaking news from Due from bank. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

US Metro Bancorp Announces Fourth Quarter 2020 Financial Results


Press release content from Business Wire. The AP news staff was not involved in its creation.
US Metro Bancorp Announces Fourth Quarter 2020 Financial Results
January 29, 2021 GMT
GARDEN GROVE, Calif. (BUSINESS WIRE) Jan 29, 2021
US Metro Bancorp (OTC Pink: USMT) Mr. Dong Il Kim, President and CEO, announced US Metro Bancorp and US Metro Bank’s financial results for the fourth quarter 2020. As of January 2, 2020, US Metro Bancorp (“Bancorp”), a small bank holding company (BHC), was formed making US Metro Bank its lone subsidiary. On a consolidated basis the Bancorp earned $863,000 in the fourth quarter of 2020 compared to $1,105,000 in the third quarter and $4,067,000 for the twelve months ending December 31, 2020. On a year-to-date basis the Bancorp recorded a return on average assets (“ROAA”) of 0.62% and a return on average equity (“ROAE”) of 5.87%. With 16,230,000 shares outstanding, earnings per share (“EPS”) for the fourth quarter was $0.05 ....

United States , Garden Grove , Los Angeles , Koreatown Los Angeles , Us Metro Bancorp , Buena Park Fullerton Branch , Mortgage Finance Group , Payroll Protection Program , Fullerton Branch , Fashion District Branch , Due From Bank , Torrance Branch , Bancorp Book Value , Us Metro Bank , Bank Pandemic Contingency Plan , Dong Il Kim , Book Value , Interest Income , Net Interest Income , Wilshire Boulevard , Los Angele Fashion District , Buena Park , Production Offices , Strategic Plan , Pandemic Contingency Plan , Southern California ,