US Metro Bancorp Announces Fourth Quarter 2025 Results

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 $2.2 million in the fourth quarter of 2025, compared to $2.9 million in the third quarter of 2025. For the twelve months ending December 31, 2025, the consolidated Bancorp earned $10.2 million compared to $7.1 million for the twelve months ending December 31, 2024. On a year-to-date basis, Bancorp recorded an annualized return on average assets (“ROAA”) of 0.68% and an annualized return on average equity (“ROAE”) of 9.49%. With 16,621,000 shares outstanding, earnings per share (“EPS”) for the fourth quarter of 2025 was $0.14 compared to $0.18 in the third quarter of 2025. For the twelve months ending December 31, 2025, EPS was $0.62 compared to $0.43 for the twelve months ending December 31, 2024. On December 31, 2025, Bancorp’s book value per share was $6.73 compared to $6.11 a year earlier.

The Bank recorded on a year-to-date basis net interest income of $45.0 million compared to $36.1 million in the same period a year earlier. Net income of $12.3 million for the twelve months ending December 31, 2025, compares to $8.4 million reported for the same twelve months in 2024, a year over year increase of $3.9 million.

The Bank reported total assets of $1.551 billion as of December 31, 2025, representing an 11.1% increase compared to the reporting period ending December 31, 2024, and year over year loan growth of $101.5 million or 8.6%. Total Bank deposits ended the fourth quarter of 2025 at $1.353 billion, a $124.2 million or 10.1% increase from $1.229 billion on December 31, 2024.

Non-performing assets as a percentage of total assets of 1.56% on December 31, 2025, compared to 0.66% as of December 31, 2024. The Bank had $3.4 million Other Real Estate Owned (OREO) on December 31, 2025. Allowance for credit losses (ACL) to gross loans was 1.24% as of December 31, 2025, compared to 1.20% as of December 31, 2024. The Bank recorded a $3.9 million provision for loan loss expense, for the twelve months ending December 31, 2025, compared to $1.6 million recorded for the twelve months ending December 31, 2024.

“The Bank improved profitability and performance metrics in 2025 while expanding our lending capabilities. We continued the Bank’s growth in both loans and deposits and are optimistic about 2026 and the future of US Metro Bank,” said CEO Dong Il Kim.

US Metro Bank is a California chartered, full service commercial bank headquartered in Garden Grove, California. The Bank opened for business on September 15, 2006, and offers deposit and loan products (including commercial real estate, commercial and industrial, mortgage, SBA and USDA loans), as well as related banking services to its customers.

This release contains forward-looking statements, including our expectations with respect to future events that are subject to various risks and uncertainties. Factors that could cause actual results to differ materially from management's projections, forecasts, estimates and expectations include: fluctuation in market rates of interest and loan and deposit pricing, adverse changes in the overall national economy as well as adverse economic conditions in our specific market areas, maintenance and development of well-established and valued client relationships and referral source relationships, and acquisition or loss of key production personnel. Other risks that can affect the Bank are detailed from time to time in our annual reports. We caution readers that the list of factors above is not exclusive. The forward-looking statements are made as of the date of this release, and we may not undertake steps to update the forward-looking statements to reflect the impact of any circumstances or events that arise after the date the forward-looking statements are made. In addition, our past results of operations are not necessarily indicative of future performance.

US METRO BANCORP
CONSOLIDATED FINANCIAL HIGHLIGHTS (unaudited)
(All amounts in thousands except per share information)
At or for the Three Months Ended
	12/31/2025			9/30/2025			% Change			12/31/2024			% Change
Net Income	$	2,249		$	2,944			-23.62	%	$	1,745			28.85	%
Net Income Per Share (Basic)	$	0.14		$	0.18			-24.04	%	$	0.11			28.06	%
ROAA (Annualized)		0.58	%		0.78	%		-0.20	%		0.50	%		0.07	%
ROAE (Annualized)		8.13	%		10.93	%		-2.81	%		6.91	%		1.21	%
Efficiency Ratio		71.28	%		66.22	%		5.06	%		74.15	%		-2.87	%
Assets	$	1,552,870		$	1,571,548			-1.19	%	$	1,397,183			11.14	%
Gross Loans	$	1,277,909		$	1,269,737			0.64	%	$	1,176,385			8.63	%
Deposits	$	1,351,533		$	1,382,998			-2.28	%	$	1,227,177			10.13	%
Non-Interest Bearing Deposits	$	225,956		$	241,209			-6.32	%	$	211,060			7.06	%
Common Equity	$	111,928		$	109,391			2.32	%	$	101,004			10.82	%
Ending Common Shares O/S		16,621,000			16,531,000			90,000			16,520,000			101,000
Book Value Per Common Shares	$	6.73		$	6.62		$	0.12		$	6.11		$	0.62
At or for the Twelve Months Ended
	12/31/2025			12/31/2024			Y-O-Y Change
Net Income	$	10,233		$	7,138		$	3,095			43.36	%
Net Income Per Share (Basic)	$	0.62		$	0.43		$	0.18			40.47	%
ROAA (Annualized)		0.68	%		0.53	%		0.15	%		28.76	%
ROAE (Annualized)		9.49	%		7.24	%		2.25	%		31.01	%
Efficiency Ratio		68.98	%		74.74	%		-5.76	%		-7.71	%
Assets	$	1,552,870		$	1,397,183		$	155,687			11.14	%
Gross Loans (Excl. Loans HFS)	$	1,252,888		$	1,161,242		$	91,646			7.89	%
Deposits	$	1,351,533		$	1,227,177		$	124,356			10.13	%
Non-Interest Bearing Deposits	$	225,956		$	211,060		$	14,896			7.06	%
Common Equity	$	111,928		$	101,004		$	10,924			10.82	%
Ending Common Shares O/S		16,621,000			16,520,000			101,000			0.61	%
Book Value Per Common Shares	$	6.73		$	6.11		$	0.62			10.14	%

US METRO BANK (only)
FINANCIAL HIGHLIGHTS (unaudited)
BALANCE SHEET
(All amounts in thousands except per share information)
Assets	12/31/2025			12/31/2024			Y-O-Y Change
Cash and Due From Bank	$	13,714		$	20,275		$	(6,561	)	-32.4	%
Investments and Fed Funds Sold	$	235,865		$	178,489			57,376		32.1	%
Gross Loans		1,277,909			1,176,385			101,524		8.6	%
Allowance for Credit Losses		(15,897	)		(14,106	)		(1,792	)	12.7	%
Other Assets		39,237			34,830			4,406		12.7	%
Total Assets	$	1,550,828		$	1,395,874		$	154,954		11.1	%
Liabilities and Capital	12/31/2025			12/31/2024			Y-O-Y Change
Deposits	$	1,352,766		$	1,228,525		$	124,241		10.1	%
Borrowings		25,000			25,000			-		-
Other Liabilities		16,812			17,893			(1,081	)	-6.0	%
Equity		156,250			124,456			31,794		25.5	%
Total Liabilities and Capital	$	1,550,828		$	1,395,874		$	154,954		11.1	%
STATEMENT OF OPERATIONS	Three Months Ended
Income Statement	12/31/2025			9/30/2025			Q-O-Q Change
Interest Income	$	23,002		$	22,995		$	7		0.0	%
Interest Expense		11,068			11,029			39		0.4	%
Net Interest Income		11,934			11,966			(32	)	-0.3	%
Provision for Credit Losses		1,700			1,300			400		30.8	%
Other Income		5,966			4,753			1,213		25.5	%
Operating Expenses		11,886			10,670			1,216		11.4	%
Tax		1,221			1,403			(182	)	-13.0	%
Net Income	$	3,093		$	3,346		$	(253	)	-7.6	%
STATEMENT OF OPERATIONS	Twelve Months Ended
Income Statement	12/31/2025			12/31/2024			Y-O-Y Change
Interest Income	$	87,970		$	81,397		$	6,573		8.1	%
Interest Expense		42,923			45,293			(2,370	)	-5.2	%
Net Interest Income		45,046			36,103			8,943		24.8	%
Provision for Credit Losses		3,900			1,600			2,300		143.8	%
Other Income		16,711			12,249			4,462		36.4	%
Operating Expenses		40,471			34,684			5,787		16.7	%
Tax		5,099			3,634			1,465		40.3	%
Net Income	$	12,287		$	8,435		$	3,852		45.7	%
Ratios	12/31/2025			12/31/2024			Y-O-Y Change
Net Loan to Deposits		93.29	%		94.61	%		-1.32	%
ACL/Gross Loans		1.24	%		1.20	%		0.04	%
NPAs/Total Assets		1.56	%		0.66	%		0.91	%
Tier One Leverage Ratio		10.22	%		9.37	%		0.85	%
YTD ROAA (annualized)		0.83	%		0.63	%		0.20	%
YTD ROAE (annualized)		8.99	%		6.92	%		2.07	%
Net Interest Margin (QTD)		3.08	%		2.92	%		0.16	%
Net Interest Margin (YTD)		3.11	%		2.77	%		0.34	%