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US Metro Bancorp Q3 profit rises 6.5% yr/yr, loans up 12%

By Reuters News


Overview

  • US commercial bank's Q3 net income and EPS rose modestly yr/yr, but declined sequentially

  • Company reported double-digit yr/yr growth in loans, deposits, and total assets

  • Allowance for credit losses increased, non-performing assets ratio improved yr/yr


Outlook

  • Company did not provide specific financial guidance for the remainder of 2026


Result Drivers

  • HIGHER INTEREST INCOME - Co reported a 10.8% yr/yr increase in interest income in Q3

  • OTHER INCOME - Other income rose 38.3% yr/yr in Q3

  • CREDIT LOSS PROVISION - Co increased provision for credit losses by 176.9% yr/yr in Q3


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Net Income

$3.14 mln

Q3 Basic EPS

$0.19


Reuters Recommended Reads

  • Oct 22 - United Bankshares Q3 EPS beats estimates, helped by loan growth

  • Oct 22 - Valley National Bancorp Q3 revenue rises, beats analyst estimates

  • Oct 23 - First Hawaiian Q3 profit falls as credit loss provision rises


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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