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Last $7.49 USD
Change Today 0.00 / 0.00%
Volume 2.1K
PMBC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

pacific mercantile bancorp (PMBC) Snapshot

Open
$7.52
Previous Close
$7.49
Day High
$7.52
Day Low
$7.43
52 Week High
06/15/15 - $7.94
52 Week Low
10/27/14 - $5.48
Market Cap
148.1M
Average Volume 10 Days
2.5K
EPS TTM
$-0.03
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 Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Net Charge Offs for the Second Quarter of 2015

Pacific Mercantile Bancorp reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total interest income of $9.813 million compared to $9.134 million a year ago. Net interest income was $8.489 million compared to $7.626 million a year ago. Income from continuing operations before income taxes was $0.138 million compared to loss of $0.768 million a year ago. Net income from continuing operations was $0.138 million or $0.01 per diluted share compared to loss of $0.768 million or $0.06 per diluted share a year ago. Net loss allocable to common shareholders was $0.171 million or $0.01 per diluted common share compared to $0.304 million or $0.02 per diluted common share a year ago. Return on average assets was 0.05% compared to negative of 0.30% a year ago. Return on average equity was 0.46% compared to negative 2.64% a year ago. For six months, the company reported total interest income of $19.285 million compared to $18.421 million a year ago. Net interest income was $16.638 million compared to $15.470 million a year ago. Income from continuing operations before income taxes was $0.054 million compared to loss of $1.501 million a year ago. Net income from continuing operations was $0.054 million or $0.03 per diluted share compared to loss of $1.501 million or $0.11 per diluted share a year ago. Net loss allocable to common shareholders was $0.564 million or $0.03 per diluted common share compared to $0.149 million or $0.01 per diluted common share a year ago. Return on average assets was 0.01% compared to negative of 0.30% a year ago. Return on average equity was 0.09% compared to negative of 2.61% a year ago. For the three months ended June 30, 2015, the company had net charge-offs of $296,000. Charge-offs during the three months ended June 30, 2015 were legacy workout credits with specific reserves, and a collateral dependent loan that required a write down to properly margin the loan against the net realizable value of the collateral.

Pacific Mercantile Bancorp Presents at Keefe Bruyette & Woods Sixteenth Annual Community Bank Investor Conference, Jul-29-2015 12:30 PM

Pacific Mercantile Bancorp Presents at Keefe Bruyette & Woods Sixteenth Annual Community Bank Investor Conference, Jul-29-2015 12:30 PM. Venue: Grand Central Grand Hyatt, New York, New York, United States. Speakers: Curt A. Christianssen, Chief Financial Officer, Executive Vice President, Chief Financial Officer of Pacific Mercantile Bank, Executive Vice President of Pacific Mercantile Bank, Steven Keller Buster, Chief Executive Officer, President, Director, Member of Risk & Finance Committee, Chief Executive Officer of Pacific Mercantile Bank, President of Pacific Mercantile Bank and Director of Pacific Mercantile Bank, Thomas M. Vertin, President of Commercial Banking - Pacific Mercantile Bank.

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.

 

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American Business Bank $29.90 USD 0.00
California First National Bancorp $13.50 USD -0.03
Central Valley Community Bancorp $11.00 USD 0.00
FNB Bancorp/CA $27.95 USD 0.00
North Dallas Bank & Trust Co $62.55 USD 0.00
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Industry Analysis

PMBC

Industry Average

Valuation PMBC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 4.0x
Price/Book 1.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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