Metrocorp Bancshares Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company’s total interest income was $15,017,000 against $16,398,000 a year ago. Net interest income was $12,822,000 against $13,644,000 a year ago. Income before provision for income taxes was $4,620,000 against $4,114,000 a year ago. Net income was $3,027,000 against $2,768,000 a year ago. Net income available to common shareholders was $3,027,000 or $0.16 per diluted share against $2,170,000 or $0.16 per basic and diluted share a year ago. Return on average assets was 0.80% against 0.75% a year ago. Return on average shareholders' equity was 6.88% against 6.67% a year ago. Net interest income was decreased $822,000 or 6.0% compared with the same period in 2012, primarily due to a decline in the yield on loans, partially offset by lower cost and volume of deposits. For the quarter, the company’s net impairments on securities were $27,000 against $39,000 a year ago. Net charge-offs was $1.3 million were 0.12% of total loans, compared with $60,000 for fourth quarter 2012, and $655,000 for the first quarter of 2012.

Metrocorp Bancshares Inc., Annual General Meeting, May 10, 2013., at 10:00 US Mountain Standard Time. Location: 9600 Bellaire Boulevard, Suite 252. Agenda: To elect four directors of Class III to serve until the company’s 2016 annual meeting of shareholders and each until their successors are duly elected and qualified or until their earlier resignation or removal; to consider and act upon a proposal to ratify the appointment of KPMG LLP as the independent registered public accounting firm of the company for the year ending December 31, 2013; to consider and approve an advisory (non-binding) resolution approving the compensation of the company’s named executive officers (Say-On-Pay); to consider and approve an advisory (non-binding) resolution approving the frequency of future votes regarding the compensation of the company’s named executive officers (Say-On-Frequency); and to transact such other business as may properly come before the meeting or any adjournment thereof.

Metrocorp Bancshares Inc., Q1 2013 Earnings Call, Apr 22, 2013