Article: MetroCorp Bancshares Inc. Announces Third Quarter 2002 Earnings Results Third Quarter 2002: Net Interest Income up 10.3%, Noninterest Income up 15.5%.

Business Editors

HOUSTON--(BUSINESS WIRE)--Oct. 23, 2002

MetroCorp Bancshares Inc. (Nasdaq:MCBI), a Texas corporation, which through its subsidiary, MetroBank, N.A., provides community banking services in Houston and Dallas, today announced net income of $2.5 million for the third quarter ended Sept. 30, 2002, approximately $200,000 or 9.6% higher than the same period in 2001. Diluted earnings per share for the third quarter 2002 were $0.35, up $0.02 per share from the same quarter in 2001. Net income and diluted earnings per share for the nine months ended Sept. 30, 2002 were $6.8 million and $0.95, respectively, up approximately $300,000 and $0.02 per ...

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