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
IR: See website
Key People
Denis P. Kalscheur
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
Tom Wagner
Executive Vice President, Corporate Finance
Philipp Garcia
Executive Vice President, Chief Information Officer
Maxwell G. Sinclair
Executive Vice President, Chief Compliance Officer of the Company and the Bank
Robert S. Anderson
Executive Vice President and Interim Chief Credit Officer
Cindy S. Verity
Executive Vice President and Head of Cash Management
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 three months ended 31 March 2020, Pacific Mercantile Bancorp interest income decreased 9% to $14.8M. Net interest income after loan loss provision decreased 40% to $5.3M. Net loss applicable to common stockholders totaled $2.4M vs. income of $793K. Net interest income after loan loss provision reflects Commercial segment decrease of 5% to $11.7M, Net Interest Margin, Total - % decrease of 7% to 3.36%, Net Interest Spread.
Employees: 160 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $87.05M as of Mar 31, 2020
Annual revenue (TTM): $64.28M as of Mar 31, 2020
EBITDA (TTM): $5.30M as of Mar 31, 2020
Net annual income (TTM): $2.36M as of Mar 31, 2020
Free cash flow (TTM): $13.93M as of Mar 31, 2020
Net Debt Last Fiscal Year: $1.52M as of Mar 31, 2020
Shares outstanding: 23,627,040 as of Jun 30, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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