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Last $7.24 USD
Change Today +0.07 / 0.98%
Volume 10.5K
PMBC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

pacific mercantile bancorp (PMBC) Snapshot

Open
$7.16
Previous Close
$7.17
Day High
$7.28
Day Low
$7.15
52 Week High
04/7/15 - $7.40
52 Week Low
10/27/14 - $5.48
Market Cap
143.2M
Average Volume 10 Days
6.5K
EPS TTM
$-0.08
Shares Outstanding
19.8M
EX-Date
02/27/08
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for PACIFIC MERCANTILE BANCORP (PMBC)

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pacific mercantile bancorp (PMBC) Details

Pacific Mercantile Bancorp operates as the bank holding company for the Pacific Mercantile Bank that provides commercial banking products and services to small and medium-size businesses, professionals, and general public in Southern California. The company’s deposit products include noninterest-bearing and interest-bearing checking accounts, interest-bearing term deposit accounts, money market and savings deposits, and certificates of deposit. It also offers various loans comprising commercial loans and credit lines, accounts receivable and inventory financing, small business administration guaranteed business loans, owner-occupied commercial real estate loans, working capital lines of credit and asset based lending, growth capital loans, equipment financing, letters of credit, and corporate credit cards. In addition, the company provides cash and treasury management solutions, automated clearinghouse payment and wire solutions, fraud protection, remote deposit capture, courier services, and online banking services. It operates through banking and financial centers in Newport Beach, San Juan Capistrano, Costa Mesa, Beverly Hills, La Jolla, La Habra, and Ontario of California. The company was founded in 1998 and is based in Costa Mesa, California.

162 Employees
Last Reported Date: 03/13/15
Founded in 1998

pacific mercantile bancorp (PMBC) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $664.9K
Chairman Emeritus, Chief Executive Officer Em...
Total Annual Compensation: $266.7K
President of Commercial Banking - Pacific Mer...
Total Annual Compensation: $444.4K
Chief Risk Officer and Executive Vice Preside...
Total Annual Compensation: $285.9K
Compensation as of Fiscal Year 2014.

pacific mercantile bancorp (PMBC) Key Developments

Pacific Mercantile Bancorp Discontinues Broker-Originated Small Business Administration Lending Business

Pacific Mercantile Bancorp decided to discontinue its business of funding broker-originated Small Business Administration loans. The company noted that it employed a group, originally hired in May 2012, to focus on originating loans through the SBA 504 and 7(a) lending programs. As a result of the decision, the company terminated the 15 employees within the SBA Group and incurred total personnel expense including severance pay of $611,000, which is recorded within noninterest expense for the quarter ended March 31.

Pacific Mercantile Bancorp Reports Un-Audited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Net Charge-Offs for the First Quarter Ended March 31, 2015

Pacific Mercantile Bancorp reported un-audited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total interest income of $9.3 million compared to $10.2 million, net interest income of $8.1 million compared to $7.8 million, loss from continuing operations before income taxes of $85,000 or $0.02 per diluted share compared to $733,000 or $0.05 per diluted share, net loss allocable to common shareholders of $394,000 or $0.02 per diluted share compared to net income allocable to common shareholders of $155,000 or $0.01 per diluted share for the last year. For the first quarter of 2015, the company reported a net loss of $85,000, or $0.00 per share. This compares with net income of $287,000, or $0.01 per share, in the fourth quarter of 2014. The decrease in earnings as compared to the fourth quarter of 2014 is primarily attributable to no net gains on sale of small business administration loans and a decrease in net interest income as a result of lower loan yield for the first quarter of 2015, partially offset by a decrease in noninterest expense for the same period. During Tangible book value per share as on March 31, 2015 was $5.49 compared to $5.47 as on December 31, 2014. Negative return on average assets was 0.03% compared to 0.29% and negative return on average equity was 0.29% compared to 2.58% for the last year. The company announced net charge-offs of $1.2 million for the three months ended March 31, 2015.

Pacific Mercantile Bancorp, Annual General Meeting, May 20, 2015

Pacific Mercantile Bancorp, Annual General Meeting, May 20, 2015., at 14:00 Pacific Standard Time. Location: The Westin South Coast Plaza. Agenda: To elect each of the following eleven nominees to serve as the company's directors until the 2016 annual meeting of shareholders and until their successors are elected and qualified; to consider the ratification of the appointment of McGladrey LLP as independent registered public accounting firm for the fiscal year ending December 31, 2015; to approve, by a non-binding advisory vote, the compensation of the company’s named executive officers; and to transact such other business as may properly come before the meeting or any adjournment or postponement thereof.

 

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PMBC Competitors

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American Business Bank $28.80 USD +0.20
California First National Bancorp $13.63 USD 0.00
Central Valley Community Bancorp $10.92 USD -0.02
FNB Bancorp/CA $28.60 USD 0.00
North Dallas Bank & Trust Co $67.45 USD -0.55
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Industry Analysis

PMBC

Industry Average

Valuation PMBC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.9x
Price/Book 1.3x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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