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Pacific Mercantile: 1Q Earnings Snapshot

COSTA MESA, Calif. (AP) _ Pacific Mercantile Bancorp (PMBC) on Monday reported first-quarter earnings of $882,000.

The bank, based in Costa Mesa, California, said it had earnings of 4 cents per share.

The bank holding company posted revenue of $17.7 million in the period. Its revenue net of interest expense was $13.5 million, exceeding Street forecasts.

Pacific Mercantile shares have climbed 12 percent since the beginning of the year. The stock has declined 20 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PMBC at https://www.zacks.com/ap/PMBC