Skip to main content

Market Overview

Recap: Pacific Mercantile Q2 Earnings

Share:

 

Shares of Pacific Mercantile (NASDAQ:PMBC) decreased 0.7% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were up 125.00% year over year to $0.18, which beat the estimate of $0.16.

Revenue of $14,566,000 rose by 0.53% year over year, which beat the estimate of $14,500,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Recent Stock Performance

Company's 52-week high was at $9.45

Company's 52-week low was at $3.31

Price action over last quarter: Up 0.70%

Company Description

Pacific Mercantile Bancorp, through its subsidiary, is engaged in the commercial banking business in Southern California. Its Commercial Banking segment provides small and medium-sized businesses, professional firms, and individuals with a diversified range of products and services such as various types of deposit accounts, commercial and consumer loans, cash management services, and online banking services.

 

Related Articles (PMBC)

View Comments and Join the Discussion!

Posted-In: BZI-RecapsEarnings News

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com