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Article: Pacific Mercantile Bancorp Reports Operating Results for the Third Quarter and Nine Months Ended September 30, 2006.
- Article from:
- Business Wire
- Article date:
- November 2, 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)
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COSTA MESA, Calif. -- Pacific Mercantile Bancorp (NASDAQ:PMBC) today reported its results of operations for the third quarter and nine months ended September 30, 2006.
Overview
Quarter Ended September 30, 2006. During the third quarter of 2006, net interest income increased by $429,000, or 6%, and non-interest income increased by $153,000 or 65%, in each case as compared to the third quarter of 2005. Despite those increases, however, income from continuing operations, comprised of the Company's commercial banking business, remained substantially unchanged at $1.7 million in this year's third quarter, as compared to the same quarter last year, as ...
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