CSIMarket
 

Palmetto Bancshares Inc  (PLMT)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial

Palmetto Bancshares Inc's

Competitiveness


 

PLMT Sales vs. its Competitors Q2 2015



Comparing the current results to its competitors, Palmetto Bancshares Inc reported Revenue increase in the 2 quarter 2015 by 8.74 % year on year, while most of its competitors have experienced contraction in revenues by -9.31 %, achieved in the same quarter.

List of PLMT Competitors

With a net margin of 14.13 % Palmetto Bancshares Inc achieved higher profitability than its competitors.

More on PLMT Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


Palmetto Bancshares IncNet Income in the 2 quarter 2015 grew year on year by 0.64%, slower than its competitors' income growth of 21.52 %

<<  PLMT Stock Performance Comparisons


Palmetto Bancshares Inc's Comment on Competitors and Industry Peers


We face substantial competition from national, regional and other community banks. We also face competition from many other types of financial institutions including savings and loan associations, finance companies, credit unions, mortgage banks and other financial intermediaries as well as full-service and discount brokerage firms. Out-of-state financial intermediaries that have opened loan production offices or that solicit deposits in our market areas also provide competition. In addition, money market and stock and fixed income mutual funds have attracted an increasing share of household savings.

We compete with many other financial institutions, some of which are larger and have greater resources available than those of the Company, which enables them to maintain numerous locations and conduct extensive promotional and advertising campaigns. Due to their size, some of these competitors may offer a broader range of products and services as well as better pricing for those products and services than we offer. In addition, banks and other financial institutions with larger capitalization and financial intermediaries that are not subject to bank regulatory restrictions may have larger lending limits that allow them to serve the lending needs of larger customers. Because larger competitors have certain advantages in attracting business from larger corporations, we generally concentrate our efforts on attracting and servicing the business of individuals and small and medium-size businesses. We generally compete on the basis of local relationships, responsive service, the convenience of our service channels (branches, client contact center, mobile and online banking and cash management products), broad suite of our products and services and competitive pricing.