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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.


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