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.

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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