|
|
Article: Pacific Mercantile Bancorp Reports Second Quarter 2006 Operating Results Income from Continuing Operations Increases 10% to $1.8 Million and $0.17 Per Diluted Share and Net Interest Income Increases 20%.
- Article from:
- Business Wire
- Article date:
- August 1, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
COSTA MESA, Calif. -- Loans from Continuing Operations Increase 23% to $708 Million at June 30, 2006 from $578 Million at June 30, 2005
Pacific Mercantile Bancorp (NASDAQ:PMBC) today reported its results of operations for the second quarter and six months ended June 30, 2006.
Overview
During the second quarter of 2006, continuing operations, which consist of the Company's commercial banking business, generated income of $1.8 million, or $0.17 per diluted share; as compared to $1.6 million, or $0.15 per diluted share, in the same quarter of 2005. Discontinued operations, in the second quarter of 2006, which consisted of our securities brokerage ...