During the corresponding time, Palmetto Bancshares Inc recorded a revenue increase by 8.74 % year on year, sequentially revenue grew by 11.13 %. While revenue at the Palmetto Bancshares Inc's corporate clients
Palmetto Bancshares Inc's Comment on Sales, Marketing and Customers
We are primarily engaged in the business of commercial and retail banking through
our 25 branches in the Upstate. We also had 27 automatic teller machines (“ATMs”)
including three deposit-accepting ATMs and seven limited service offices located
in retirement centers and other facilities in the Upstate.
Our branches serve as physical locations where clients can apply for and obtain
various loan products, and we also accept residential mortgage loan applications
online through our website. We also offer loans to finance the purchase of new
and used automobiles through a network of auto dealerships in and contiguous to
our market (commonly referred to as “indirect lending”) as well as
loans to small business through U.S. SBA programs. While the branches are an important
distribution channel, we also offer 24/7/365 service to our clients through weekday
hours at branches, Saturday banking at select branches, an ATM network that incorporates
regional and national networks, a telephone client contact center, online and
mobile banking (including mobile deposits) and treasury management such as wire
transfer, ACH and remote deposit capture.
For the past several years, we have been realigning our organizational structure
and more specifically delineating our businesses for improved accountability and
go-to-market strategies. However, financial information for these businesses has
been separated to a limited extent, and, therefore, we do not have disaggregated
financial information that meets the criteria to be considered reportable segments.
Accordingly, at December 31, 2014, the Company had one reportable segment, which
was banking.
Sources:
Palmetto Bancshares Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Palmetto Bancshares Inc’s corporate clients.
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