Pacific Mercantile Bancorp (OQ:PMBC)

Sector:  Financials Industry:  Banks
 
See Regulatory Filings on SEC
Company Contact
Address: 949 S Coast Dr Fl 3
COSTA MESA CA 92626-7737
Tel: 1-714-4382531
Website: investors.pmbank.com
IR: See website
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Key People
Edward J. Carpenter
Independent Chairman of the Board
Bradford R. Dinsmore
President, Chief Executive Officer, Director
Curt Alan Christianssen
Executive Vice President and Chief Financial Officer of the Company and the Bank
Maxwell G. Sinclair
Executive Vice President, Chief Compliance Officer of the Company and the Bank
Frank Abraham
Executive Vice President and Head of Relationship Banking of Pacific Mercantile Bank
Robert S. Anderson
Executive Vice President and Chief Banking Officer of Pacific Mercantile Bank, Interim Chief Credit Officer
Curtis Birkmann
Executive Vice President and Chief Technology Officer of Pacific Mercantile Bank
Cindy S. Verity
Executive Vice President and Head of Cash Management of Pacific Mercantile Bank
Tom Wagner
Executive Vice President, Corporate Finance of Pacific Mercantile Bank
Business Overview
Pacific Mercantile Bancorp is the holding company for Pacific Mercantile Bank (the Bank). The Company's business operations are conducted by the Bank. It operates through commercial banking segment. The Bank offers its customers different loan products, including commercial loans and credit lines, accounts receivable and inventory financing, Small Business Administration (SBA) guaranteed business loans, and owner-occupied commercial real estate loans. Its investments primarily include securities available for sale, which consist of residential mortgage backed securities issued by the United States agencies; residential collateralized mortgage obligations issued by non agencies; asset backed security and mutual funds. Its sources of funds include deposits, and borrowings and contractual obligations. Its deposits consist of noninterest bearing demand deposits, interest-bearing checking accounts, money market and savings deposits, and time deposits.
Financial Overview
For the fiscal year ended 31 December 2019, Pacific Mercantile Bancorp interest income increased 5% to $65.7M. Net interest income after loan loss provision decreased 17% to $40.4M. Net income applicable to common stockholders decreased 79% to $5.5M. Net interest income after loan loss provision reflects Net Interest Margin, Total - % decrease of 4% to 3.6%, Net Interest Spread, Total - % decrease of 8% to 2.92%.
Employees: 160 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $99.81M as of Dec 31, 2019
Annual revenue (TTM): $65.68M as of Dec 31, 2019
EBITDA (TTM): $10.07M as of Dec 31, 2019
Net annual income (TTM): $5.51M as of Dec 31, 2019
Free cash flow (TTM): $16.52M as of Dec 31, 2019
Net Debt Last Fiscal Year: $0.12M as of Dec 31, 2019
Shares outstanding: 22,153,761 as of Mar 4, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization