The Bancorp(US:TBBK) Businesswireยท2025-10-24 17:19Core Insights - US Metro Bancorp reported a net income of $2.9 million for Q3 2025, an increase from $2.5 million in Q2 2025 and $1.7 million in Q3 2024, indicating strong year-over-year growth [1][8] - The bank's year-to-date net interest income reached $33.1 million, up from $26.3 million in the same period last year, reflecting a robust performance in interest earnings [2] - Total assets as of September 30, 2025, were $1.569 billion, a 13.2% increase from the previous year, with loans growing by $140 million or 12.4% [3] Financial Performance - The bank's earnings per share (EPS) for Q3 2025 was $0.18, compared to $0.15 in Q2 2025 and $0.11 in Q3 2024, showcasing a significant improvement [1][8] - The annualized return on average assets (ROAA) was 0.72% and return on average equity (ROAE) was 9.99% year-to-date, both showing positive trends compared to the previous year [1][8] - The efficiency ratio improved to 66.22% in Q3 2025 from 69.54% in Q2 2025, indicating better operational efficiency [8] Asset and Deposit Growth - Total deposits at the end of Q3 2025 were $1.384 billion, a $168 million increase or 13.8% from $1.216 billion a year earlier [3][8] - Non-performing assets as a percentage of total assets rose to 1.65% from 0.36% year-over-year, indicating a potential area of concern [4][10] - The allowance for credit losses (ACL) to gross loans was 1.19% as of September 30, 2025, slightly down from 1.20% a year prior [4][10] Management Commentary - CEO Dong Il Kim expressed confidence in the bank's position to end the year strong, highlighting improvements in net income, net interest margin, and operational efficiencies [5]