Last $6.73 USD
Change Today 0.00 / 0.00%
Volume 0.0
PMBC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 07/9/14 All times are local (Market data is delayed by at least 15 minutes).

pacific mercantile bancorp (PMBC) Snapshot

Open
$6.70
Previous Close
$6.75
Day High
$6.78
Day Low
$6.68
52 Week High
07/2/14 - $6.96
52 Week Low
07/12/13 - $5.45
Market Cap
129.5M
Average Volume 10 Days
9.5K
EPS TTM
$-0.83
Shares Outstanding
19.2M
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 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 First Quarter Ended March 31, 2014; Announces Charge Offs for the First Quarter Ended March 31, 2014

Pacific Mercantile Bancorp announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net interest income of $7,844,000 against $7,164,000 a year ago. Loss from continuing operations before income taxes was $733,000 against $3,913,000 a year ago. Net loss from continuing operations was $733,000 or $0.05 basic and diluted per share against $2,354,000 or $0.16 basic and diluted per share a year ago. Net income allocable to common shareholders was $155,000 or $0.01 basic and diluted per share against net loss allocable to common shareholders of $3,465,000 or $0.21 basic and diluted per share a year ago. Negative return on average assets was 0.07% against 0.22% a year ago. Negative return on average equity was 0.64% against 1.92% a year ago. Tangible book value per share was $5.50 against $5.47 a year ago. Tangible book value per share, as adjusted was $5.53 against $5.50 a year ago. The improvement in earnings as compared to the fourth quarter of 2013 is primarily attributable to a decrease in the provision for loan and lease losses, a decrease in the income tax provision, a decline in noninterest expense, and improvement in the contribution of discontinued operations. Net interest income increased $0.7 million, or 9.5%, for the three months ended March 31, 2014 as compared to the three months ended March 31, 2013, primarily as a result of an increase in interest income of $0.5 million, or 6.1%, primarily attributable to an increase in interest earned on loans as a result of a higher average loan balance during the three months ended March 31, 2014 as compared to the three months ended March 31, 2013; and A decrease in interest expense of $0.1 million, or 9.1%, due primarily to a decrease in the volume of higher priced time deposits partially offset by an increase in the rates of interest paid on time deposits. For the quarter, the company reported charge offs of $210,000 against $1,485,000 a year ago.

Pacific Mercantile Bancorp, Annual General Meeting, May 21, 2014

Pacific Mercantile Bancorp, Annual General Meeting, May 21, 2014., at 14:00 Pacific Standard Time. Location: the Westin South Coast Plaza. Agenda: To elect eleven nominees to serve as the company's directors until the 2015 annual meeting of shareholders and until their successors are elected and qualified; to consider the ratification of the appointment of McGladrey LLP as the company independent registered public accounting firm for the fiscal year ending December 31, 2014; to consider the advisory vote on the compensation of the company named executive officers; and to transact such other business as may properly come before the meeting or any adjournment or postponement thereof.

Pacific Mercantile Bancorp and Pacific Mercantile Bank Appoint Robert J. Stevens as Executive Vice President and Chief Credit Officer

Pacific Mercantile Bancorp and its wholly-owned subsidiary Pacific Mercantile Bank announced that Robert J. Stevens has been named Executive Vice President and Chief Credit Officer of the company and the bank. Mr. Stevens joins the company and the bank after having spent three years as Chief Credit Officer of Mission Community Bancorp and its wholly-owned subsidiary, Mission Community Bank, both of San Luis Obispo, California. Prior to accepting the current position with the company and the bank, Mr. Stevens served as Executive Vice President and Chief Credit Officer of Mission Community Bancorp and Mission Community Bank from April 2011 through April 2014. Robert. W. Bartlett, the immediate past Chief Credit Officer, will continue to serve as Senior Executive Vice President of the Bank with responsibilities including business development.

 

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