Pacific Mercantile Bancorp Reports Second Quarter 2018 Operating Results
Pacific Mercantile Bancorp (PMBC)
Last pacific mercantile bancorp earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations:
investors.pmbank.com
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Source: GlobeNewswire
Second Quarter Summary Net income of $15.4 million, or $0.65 per share, which included the full release of our valuation allowanceRelease of the $11.1 million valuation allowance on our deferred tax asset during the three months ended June 30, 2018Average loans increased $26.2 million from the first quarter of 2018Total new loan commitments of $80.0 million and loan fundings of $61.1 millionTotal deposits increased $53.8 million from the first quarter of 2018Classified assets decreased by $5.8 million from the first quarter of 2018No provision for loan and lease losses during the three months ended June 30, 2018 COSTA MESA, Calif., July 23, 2018 (GLOBE NEWSWIRE) -- Pacific Mercantile Bancorp (Nasdaq:PMBC), the holding company of Pacific Mercantile Bank (the “Bank”), a wholly owned banking subsidiary, and PM Asset Resolution, Inc. (“PMAR”), a wholly owned non-bank subsidiary, today reported its financial results for the three and six months ended June 30, 2018. For the second quar
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