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Last $28.64 USD
Change Today +0.14 / 0.49%
Volume 66.0K
METR On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

metro bancorp inc (METR) Snapshot

Open
$28.44
Previous Close
$28.50
Day High
$28.94
Day Low
$28.36
52 Week High
08/4/15 - $31.30
52 Week Low
10/23/14 - $22.25
Market Cap
401.7M
Average Volume 10 Days
130.8K
EPS TTM
$1.48
Shares Outstanding
14.0M
EX-Date
08/5/15
P/E TM
19.3x
Dividend
$0.28
Dividend Yield
0.73%
Current Stock Chart for METRO BANCORP INC (METR)

metro bancorp inc (METR) Related Businessweek News

No Related Businessweek News Found

metro bancorp inc (METR) Details

Metro Bancorp, Inc. operates as the bank holding company for Metro Bank that offers retail and commercial banking services for consumers, and small and mid-sized companies in Pennsylvania. The company provides various retail banking services and products, such as personal checking, business checking, regular savings, money market, interest checking, and individual retirement, and club accounts; and fixed rate certificates of deposit, as well as debit card services, online and mobile banking services, gift cards, and safe deposit and automated teller facilities. It also offers a range of lending products, including commercial and industrial, owner occupied real estate, commercial construction, land development, and commercial real estate loans; consumer loan programs comprising installment loans for home improvement and the purchase of consumer goods and automobiles, as well as home equity lines of credit; overdraft checking protection; consumer and business credit cards; construction loans and permanent mortgages for homes; and small business administration loans. Metro Bancorp, Inc. offers its services from its main office in Lemoyne, Pennsylvania, and 33 other full-service offices in Cumberland, Dauphin, York, Berks, Lancaster, and Lebanon counties, Pennsylvania. The company was formerly known as Pennsylvania Commerce Bancorp, Inc. and changed its name to Metro Bancorp, Inc. in June 2009. Metro Bancorp, Inc. was founded in 1984 and is headquartered in Harrisburg, Pennsylvania.

878 Employees
Last Reported Date: 03/16/15
Founded in 1984

metro bancorp inc (METR) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $675.5K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $383.0K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $364.8K
Chief Credit Officer, Senior Vice President, ...
Total Annual Compensation: $266.9K
Chief Lending Officer, Senior Vice President,...
Total Annual Compensation: $261.0K
Compensation as of Fiscal Year 2014.

metro bancorp inc (METR) Key Developments

F.N.B. Corporation, Metro Bancorp, Inc. - M&A Call

To consider definitive merger agreement between F.N.B. Corporation and Metro Bancorp

Metro Bancorp, Inc. Declares Third Quarter Cash Dividend, Payable on August 26, 2015

The Board of Directors of Metro Bancorp, Inc. declared a third quarter cash dividend of $0.07 per common share, payable on August 26, 2015 to shareholders of record on August 7, 2015.

Metro Bancorp, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Net Loan Charge-Offs for the Second Quarter of 2015

Metro Bancorp, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. The company reported net income of $4.2 million, or $0.29 per diluted common share, for the quarter ended June 30, 2015 compared to $5.1 million, or $0.35 per diluted common share, for the second quarter of 2014. The results for the quarter were impacted by certain one-time and accelerated expenses totaling $1.8 million after tax, or $0.13 per diluted common share offset partially by after-tax securities gains of $289,000, or $0.02 per diluted common share. Exclusive of net gains on sales of securities and certain nonrecurring expenses, adjusted net income was $5.7 million, or $0.40 per diluted common share, for the second quarter of 2015 compared to $5.1 million, or $0.35 per diluted common share, for the same period one year ago. Net income for the second quarter of 2015 was negatively impacted by several nonrecurring noncash expenses. Total revenues (net interest income plus noninterest income) for the second quarter of 2015 were $34.0 million, up $2.5 million, or 8%, over total revenues of $31.5 million for the same quarter one year ago and were up $377,000, or 1%, over total revenues of $33.6 million for the previous quarter. Return on average stockholders' equity (ROE) was 6.21% for the second quarter of 2015 compared to 8.30% for the same period last year and to 8.62% the previous quarter. Income before taxes was $6.449 million against $7.369 million a year ago. Net income for the first six months of 2015 totaled $9.9 million, or $0.68 per diluted common share; down $126,000, or 1%, from $10.0 million, or $0.70 per diluted common share, recorded for the first half of 2014. Adjusted net income for the first six months of 2015 totaled $11.7 million, or $0.80 per diluted common share, compared to $10.0 million, or $0.70 per diluted common share, recorded for the first half of 2014. Total revenues for the first half of 2015 increased $5.7 million, or 9%, over the first half of 2014. ROE for the first six months of 2015 was 7.41%, compared to 8.36% for the first six months of 2014. Adjusted ROE for the first half of 2015 was 8.73% compared to 8.35% for the first six months of 2014. At June 30, 2015, the company's book value per common share was $18.98, compared to $17.45 one year ago, up 9%. Income before taxes was $14.698 million against $14.100 million a year ago. Net loan charge-offs totaled $2.5 million for the second quarter of 2015, composed of $2.6 million in gross loan charge-offs offset partially by $82,000 in recoveries. Three different relationships accounted for $1.9 million, or 75%, of the total net charge-offs for the second quarter.

 

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METR Competitors

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Company Last Change
First Community Bancshares Inc/VA $17.71 USD +0.22
First Financial Corp/IN $32.89 USD -0.05
Lakeland Bancorp Inc $11.06 USD +0.08
Peoples Bancorp Inc/OH $21.98 USD +0.39
Univest Corp of Pennsylvania $19.35 USD +0.30
View Industry Companies
 

Industry Analysis

METR

Industry Average

Valuation METR Industry Range
Price/Earnings 19.7x
Price/Sales 3.2x
Price/Book 1.5x
Price/Cash Flow 19.1x
TEV/Sales NM Not Meaningful
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