US Metro Bancorp Posts Lower Quarterly Profit but Higher Nine-Month Earnings
US Metro Bancorp earned $3.1 million in the third quarter of 2026, down from $3.5 million in the prior quarter, while nine-month net income rose to $9.9 million from $8.0 million a year earlier. Third-quarter earnings per share were $0.19 versus $0.21 in the second quarter, and nine-month EPS increased to $0.59 from $0.48. The bank reported $1.730 billion in total assets, up 10.2% year over year, with loans growing $157 million, or 12.4%, and deposits reaching $1.527 billion.
US Metro Bancorp is the holding company for US Metro Bank, a California-chartered commercial bank based in Garden Grove. Its third-quarter profit slipped from the second quarter, but nine-month net income rose to $9.9 million from $8.0 million, and book value per share rose to $7.06 from $6.62.
The bank’s balance sheet expanded: assets reached $1.730 billion, loans grew by $157 million, and deposits totaled $1.527 billion. Its nine-month credit-loss provision rose to $7.6 million from $2.2 million, while nonperforming assets edged down to 1.39% of assets.
The results may matter most to local depositors, borrowers, and shareholders tied to the bank’s Southern California footprint. Loan and deposit growth could support more lending capacity for area businesses, while higher credit-loss provisions may signal caution about borrower risk and potentially influence loan pricing or availability. Shareholders may weigh weaker quarterly profit against stronger year-to-date earnings and book value. Given the bank’s regional scale, broader societal effects may be limited.