Pacific Mercantile: 4Q Earnings Snapshot
COSTA MESA, Calif. (AP) _ Pacific Mercantile Bancorp (PMBC) on Monday reported fourth-quarter earnings of $4.4 million.
The Costa Mesa, California-based bank said it had earnings of 19 cents per share.
The bank holding company posted revenue of $17.7 million in the period. Its revenue net of interest expense was $13.9 million, topping Street forecasts.
For the year, the company reported profit of $27.3 million, or $1.16 per share. Revenue was reported as $53.6 million.
Pacific Mercantile shares have risen 13 percent since the beginning of the year. The stock has dropped slightly more than 7 percent in the last 12 months.