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Pacific Mercantile: 2Q Earnings Snapshot

July 22, 2019

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.

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