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EARNINGS
Metro Bancorp on Friday reported sharply higher net profits for the fourth quarter and full year.
Fourth quarter net profits were $3.5 million (24 cents a share), up 39 percent from $2.5 million (18 cents a share) in 2011's fourth quarter.
Full year net profits were $10.9 million (77 cents a share), up from $289,000 (2 cents a share) in 2011.
Harrisburg-based Metro was helped by smaller provisions for loan losses in both the fourth quarter and year.
Metro posted total assets of $2.6 billion at Dec. 31.
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