Pacific Mercantile: 2Q Earnings Snapshot
COSTA MESA, Calif. (AP) _ Pacific Mercantile Bancorp (PMBC) on Monday reported second-quarter net income of $2.7 million.
The bank, based in Costa Mesa, California, said it had earnings of 12 cents per share.
The bank holding company posted revenue of $17.9 million in the period. Its revenue net of interest expense was $13.6 million, which topped Street forecasts.
Pacific Mercantile shares have climbed 15% since the beginning of the year. The stock has dropped 16% in the last 12 months.