Metro Phoenix Bank, Inc. Announces Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018; Announces Net Charge-Offs for Fourth Quarter Ended December 31, 2018
For the year, the company reported net interest income of $9,632,000 compared to $7,938,000 a year ago. Net income was $3,214,000 compared to $2,912,000 a year ago. Earnings per common share was $0.94 compared to $0.86 a year ago. Earnings per common share (diluted) was $0.85 compared to $0.77 a year ago.
For the quarter ended December 31, 2018, the company reported net charge-offs of $38,000.