Metro Phoenix Bank, Inc. Announces Unaudited Earnings Results for the for Quarter Ended March 31, 2020
Metro Phoenix Bank, Inc. announced unaudited earnings results for the for quarter ended March 31, 2020. It reported net income for quarter ended March 31, 2020 increased to $733,000, or $0.19 per diluted share, from a negative $576,000, or a negative $0.15 per diluted share in the fourth quarter of 2019. Net income decreased 13.66% from $849,000 in the first quarter of 2019. Net Interest Income was $2,761,000 against $2,528,000 a year ago. Interest Income was $3,217,000 against $2,914,000 a year ago. Earnings per common share was $0.21 against $0.25 a year ago.