Metro Bancorp, Inc. (Metro or the Company) (NASDAQ Global Select Market Symbol: METR), parent company of Metro Bank, today reported net income of $2.7 million, or $0.19 per share, for the quarter ended March 31, 2012. The Company also reported an increase in core deposits of $196 million, or 11%, over the past twelve months.
|(in millions, except per share data)|
|Total loans (net)||1,448.3||1,424.8||2||%|
|Diluted net income per common share||$||0.19||$||0.11||73||%|
“We are extremely pleased with our recorded net income of $2.7 million, or $0.19 per share, for the first quarter of 2012, as well as an 11% annual increase in both total and core deposits,” said Gary L. Nalbandian, the Company's Chairman and Chief Executive Officer.