Inactive Instrument

Pacific Mercantile Bancorp

PMBC

US6945521002

Pacific Mercantile: Q2 Earnings Snapshot

July 26, 2021 at 08:09 am EDT

COSTA MESA, Calif. (AP) _ Pacific Mercantile Bancorp (PMBC) on Monday reported second-quarter profit of $3.9 million.

The bank, based in Costa Mesa, California, said it had earnings of 16 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 18 cents per share.

The bank holding company posted revenue of $15.4 million in the period. Its revenue net of interest expense was $14.6 million, which beat Street forecasts.

Pacific Mercantile shares have climbed 68% since the beginning of the year. The stock has more than doubled in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PMBC at https://www.zacks.com/ap/PMBC

Latest news about Pacific Mercantile Bancorp

Insider Sell: Pacific Mercantile Ban	21-10-20	MT
Insider Sell: Pacific Mercantile Ban	21-10-19	MT
Insider Sell: Pacific Mercantile Ban	21-10-19	MT
Insider Sell: Pacific Mercantile Ban	21-10-19	MT
Insider Sell: Pacific Mercantile Ban	21-10-19	MT
Insider Sell: Pacific Mercantile Ban	21-10-19	MT
Insider Sell: Pacific Mercantile Ban	21-10-19	MT
Insider Sell: Pacific Mercantile Ban	21-10-19	MT
Insider Sell: Pacific Mercantile Ban	21-10-19	MT
Insider Sell: Pacific Mercantile Ban	21-10-19	MT
Pacific Mercantile Bancorp(NasdaqGS:PMBC) dropped from S&P TMI Index	21-10-19	CI
Banc of California : Closes Pacific Mercantile Bancorp Takeover in $226 Million Deal	21-10-18	MT
Pacific Mercantile Bancorp(NasdaqGS:PMBC) dropped from NASDAQ Composite Index	21-10-18	CI
Banc of California, Inc. completed the acquisition of Pacific Mercantile Bancorp from Directors of Pacific Mercantile Bancorp and others.	21-10-17	CI
Pacific Mercantile Bancorp Reports Earnings Results for the Second Quarter Ended June 30, 2021	21-07-26	CI
Pacific Mercantile Bancorp(NasdaqGS:PMBC) added to Russell Microcap Growth Index	21-06-25	CI
Pacific Mercantile Bancorp(NasdaqGS:PMBC) added to Russell 3000E Growth Index	21-06-25	CI
Pacific Mercantile Bancorp Announces Net Charge-Offs for the First Quarter Ended March 31, 2021	21-04-26	CI
Pacific Mercantile Bancorp Reports Earnings Results for the First Quarter Ended March 31, 2021	21-04-26	CI
PACIFIC MERCANTILE BANCORP : Keefe Bruyette & Woods Upgrades Pacific Mercantile Bancorp to Outperform From Market Perform; Price Target is $12	21-03-24	MT
Sector Update: Financial Stocks Near Session Lows Ahead of Tuesday's Close	21-03-23	MT
Sector Update: Financial Stocks Retreating With Broader Markets	21-03-23	MT
Transcript : Banc of California, Inc., Pacific Mercantile Bancorp - M&A Call	21-03-23
Sector Update: Financial Firms Mostly Down Ahead of Tuesday's Market Open	21-03-23	MT
Banc of California : to Acquire Pacific Mercantile Bancorp in All-Stock Deal; Pacific Mercantile Soars 28% After Hours	21-03-22	MT

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Pacific Mercantile Bancorp is the holding company. The Company operates through its wholly owned subsidiary, Pacific Mercantile Bank (the Bank), which is a state-chartered commercial bank. It operates through the commercial banking segment. The Bank offers its customers a range of different loan products, including commercial loans and credit lines, accounts receivable and inventory financing, small business administration (SBA) guaranteed business loans, and owner-occupied commercial real estate loans. Its deposits consist of noninterest bearing demand deposits, interest-bearing checking accounts, money market and savings deposits, and time deposits. The Company's subsidiaries also include PMB Statutory Trust III, PMB Capital Trust III and PM Asset Resolution, Inc.

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