Last $7.10 USD
Change Today +0.05 / 0.71%
Volume 4.5K
PMBC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

pacific mercantile bancorp (PMBC) Snapshot

Open
$7.10
Previous Close
$7.05
Day High
$7.11
Day Low
$6.99
52 Week High
10/6/14 - $7.25
52 Week Low
10/27/14 - $5.48
Market Cap
138.0M
Average Volume 10 Days
13.2K
EPS TTM
$-0.67
Shares Outstanding
19.4M
EX-Date
02/27/08
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for PACIFIC MERCANTILE BANCORP (PMBC)

Related News

No related news articles were found.

pacific mercantile bancorp (PMBC) Related Businessweek News

No Related Businessweek News Found

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 accepts various deposit products, including interest-bearing term deposit accounts and checking accounts. It also offers various loans comprising commercial loans and credit lines, accounts receivable and inventory financing, working capital lines of credit and asset based lending, growth capital loans, equipment financing, small business administration guaranteed business loans, owner-occupied commercial real estate loans, and letters of credit, as well as 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. As of April 7, 2014, it had seven financial centers, including four in Orange County and one each in Los Angeles, San Diego Counties, and San Bernardino Counties. The company was founded in 1998 and is based in Costa Mesa, California.

243 Employees
Last Reported Date: 03/14/14
Founded in 1998

pacific mercantile bancorp (PMBC) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $453.5K
Chairman Emeritus, Chief Executive Officer Em...
Total Annual Compensation: $266.7K
President of Commercial Banking - Pacific Mer...
Total Annual Compensation: $475.0K
Compensation as of Fiscal Year 2013.

pacific mercantile bancorp (PMBC) Key Developments

Pacific Mercantile Bancorp Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Pacific Mercantile Bancorp announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total interest income of $9,664,000 compared to $8,877,000 a year ago. Net interest income was $8,311,000 compared to $7,687,000 a year ago. Loss from continuing operations before income taxes was $314,000 compared to $96,000 a year ago. Net loss from continuing operations was $314,000 or $0.03 per basic and diluted share compared to $96,000 or $0.02 per basic and diluted share a year ago. Net loss allocable to common shareholders was $693,000 or $0.04 per basic and diluted share compared to $1,375,000 or $0.07 per basic and diluted share a year ago. Negative return on average assets was 0.03% compared to 0.01% a year ago. Negative return on average equity was 0.27% compared to 0.08% a year ago. The decline in earnings as compared to the second quarter of 2014 is primarily attributable to a loss on the sale of real properties acquired by or in lieu of loan foreclosures (commonly referred to as other real estate owned or OREO) and a loss from discontinued operations related to the final wind down of mortgage banking business, partially offset by a decrease in the provision for loan and lease losses and an increase in interest income. Net interest income increased $624,000 or 8.1%, for the three months ended September 30, 2014 as compared to the three months ended September 30, 2013, primarily as a result of the increase in interest income, partially offset by the increase in interest expenses. For the nine months, the company reported total interest income of $28,085,000 compared to $26,359,000 a year ago. Net interest income was $23,780,000 compared to $22,222,000 a year ago. Loss from continuing operations before income taxes was $1,815,000 compared to $6,541,000 a year ago. Net loss from continuing operations was $1,815,000 or $0.14 per basic and diluted share compared to $5,051,000 or $0.32 per basic and diluted share a year ago. Net loss allocable to common shareholders was $842,000 or $0.04 per basic and diluted share compared to $8,224,000 or $0.45 per basic and diluted share a year ago. Negative return on average assets was 0.18% compared to 0.53% a year ago. Negative return on average equity was 1.56% compared to 4.28% a year ago. Net interest income increased $1.6 million, or 7.0%, for the nine months ended September 30, 2014 as compared to the nine months ended September 30, 2013, primarily as a result of an increase in interest income of $1.7 million, or 6.5%, attributable to an increase in interest earned on loans as a result of a higher average loan balance during the nine months ended September 30, 2014 as compared to the nine months ended September 30, 2013.

Pacific Mercantile Bank and Pacific Mercantile Bancorp Appoint Robert E. Sjogren as Vice President and Chief Operating Officer

Pacific Mercantile Bank announced that Robert E. Sjogren has been named Executive Vice President and Chief Operating Officer of both the Bank and the holding company, adding responsibilities to his ongoing role as General Counsel. As Chief Operating Officer, Mr. Sjogren will be responsible for strategic planning, facilities management, vendor management, regulatory relations and investor relations, among other duties. Mr. Sjogren joined Pacific Mercantile Bank in October 2013 as Executive Vice President and General Counsel. Prior to joining Pacific Mercantile Bank in 2013, Mr. Sjogren served as General Counsel, Corporate Secretary and Chief Risk Officer of Carpenter & Company.

Pacific Mercantile Bancorp Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Pacific Mercantile Bancorp reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total interest income of $9,134,000 against $8,728,000 a year ago. Net interest income was $7,626,000 against $7,371,000 a year ago. Loss from continuing operations before income taxes was $768,000 against $2,624,000 a year ago. Net loss from continuing operations was $768,000 against $2,624,000 a year ago. Net income was $4,000 against net loss of $3,142,000 a year ago. Basic and diluted loss per share was $0.06 against $0.15 a year ago. Basic and diluted net loss available to common shareholders was $0.02 against $0.18 a year ago. Loss on average assets was 0.07% against 0.27% a year ago. Loss on average equity was 0.66% against 2.21% a year ago. For the six months, the company reported total interest income of $18,421,000 against $17,478,000 a year ago. Net interest income was $15,470,000 against $14,533,000 a year ago. Loss from continuing operations before income taxes was $1,501,000 against $6,445,000 a year ago. Net loss from continuing operations was $1,501,000 against $5,105,000 a year ago. Net income was $455,000 against net loss of $6,311,000 a year ago. Basic and diluted loss per share was $0.11 against $0.32 a year ago. Basic and diluted net loss available to common shareholders was $0.01 against $0.38 a year ago. Loss on average assets was 0.15% against 0.52% a year ago. Loss on average equity was 1.29% against 4.24% a year ago.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
PMBC:US $7.10 USD +0.05

PMBC Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Bank of Commerce Holdings $5.98 USD +0.029
California First National Bancorp $14.24 USD -0.105
Central Valley Community Bancorp $10.89 USD -0.215
FNB Bancorp/CA $27.75 USD 0.00
Simplicity Bancorp Inc $16.97 USD +0.02
View Industry Companies
 

Industry Analysis

PMBC

Industry Average

Valuation PMBC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 4.2x
Price/Book 1.3x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact PACIFIC MERCANTILE BANCORP, please visit www.pmbank.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.