Pacific Mercantile Bank
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Pacific Mercantile Bank - overview
Established
1999
Location
Costa Mesa, CA, US
Primary Industry
Financial Services
About
Based in California, US, and founded in 1999, Pacific Mercantile Bank operates as a subsidiary of Pacific Mercantile Bancorp. The Bank is insured by FDIC and a member of the Federal Reserve System serves a wide range of commercial banking services to businesses, business professionals, and individual clients. Pacific Mercantile Bank operates seven banking offices, including three full-service branches, located throughout Southern California. The line of business includes commercial banking, business banking, treasury management, small and mid-sized business banking, private equity, SBA lending, commercial lending, asset-based lending.
In the upcoming years, Pacific Mercantile Bank started offering SBA financing which will provide the ability to serve a larger universe of small business customers, while also generating a new source of revenue for the Company through the gain on the sale of SBA loans.
Primary Industry
Financial Services
Sub Industries
Retail Banks, e-Financial, Consumer Finance, Commercial Banks, Accounting Services
Website
www.pmbank.com/
Verticals
FinTech, FinTech
Company Stage
Mature
Total Amount Raised
Subscriber access only
Pacific Mercantile Bank - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 41,420,000 | 61,764,000 | 32,890,000 | 36,831,000 | 36,214,000 | 38,460,000 | 48,116,000 | - | - | - |
| % Revenue Growth (YoY) | - | 49.1% | (46.7%) | 12.0% | (1.7%) | 6.2% | 25.1% | - | - | - |
| EBITDA (USD) | 6,283,000 | 7,559,000 | (8,326,000) | (684,000) | 1,734,000 | (17,043,000) | 11,007,000 | - | - | - |
| Operating Income (USD) | 5,199,000 | 6,690,000 | (9,324,000) | (1,477,000) | 890,000 | (17,811,000) | 10,358,000 | - | - | - |
| Operating Margin | 12.6% | 10.8% | (28.3%) | (4.0%) | 2.5% | (46.3%) | 21.5% | - | - | - |
| % EBITDA Margin | 15.2% | 12.2% | (25.3%) | (1.9%) | 4.8% | (44.3%) | 22.9% | - | - | - |
| NET Income (USD) | 11,632,000 | 9,654,000 | (22,216,000) | 1,226,000 | 12,441,000 | (34,643,000) | 10,449,000 | - | - | - |
| % Net Margin | 28.1% | 15.6% | (67.5%) | 3.3% | 34.4% | (90.1%) | 21.7% | - | - | - |
Pacific Mercantile Bank - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private Placement/Follow on | Completed | Pacific Mercantile Bank | - | ||||||||
| PIPE | Completed | Pacific Mercantile Bank | - |
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