Metro Bancorp, Inc. (Metro or the Company) (NASDAQ Global Select Market Symbol: METR), parent company of Metro Bank, today reported net income of $2.8 million, or $0.19 per share, for the quarter ended June 30, 2012. The Company also reported an increase in total deposits of $194.5 million, or 10%, over the past twelve months.
|(in millions, except per share data)|
|Quarter Ended||Six Months Ended|
|Total loans (net)||1,466.6||1,435.0||2||%|
|Diluted net income per common share||$||0.19||$||0.14||36||%||$||0.38||$||0.25||52||%|
“We are extremely pleased with our recorded net income of $2.8 million, or $0.19 per share, for the second quarter of 2012, as well as a 10% annual increase in both total and core deposits,” said Gary L. Nalbandian, the Company's Chairman and Chief Executive Officer.